When Japan buys yen, it unwinds a dangerous trade
The world’s biggest carry trader begins to exit its position
Finance & economics
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Is China’s debt-bomb squad about to blow up?
Firms tasked with defusing credit crises are getting into trouble
Can Singapore ever build a proper stock market?
The city-state wants to fill a hole in its financial portfolio
Kevin Warsh is struggling to escape his predecessor’s problems
High inflation, weak jobs numbers and presidential interference trouble the Federal Reserve
Hooray for index funds—just don’t call them passive
Jack Bogle’s creation has transformed markets, and involves plenty of choices
China is now the world’s great oil power
Forget OPEC. The Chinese Communist Party calls the shots
India’s IT sector is surviving artificial intelligence
Though the technology is making life still harder for many graduates
African countries are souring on the dollar
The yuan and local currencies stand to benefit
How—and how much—should central banks talk?
The art is to say enough, and no more
Investors in Situational Awareness deserved to lose their shirts
The plight of the hedge fund says more about them than about its 24-year-old founder
How China gets better bang for its buck than America in AI
Its investment lags far behind America’s. Its models do not
What will Kevin Warsh do if America’s economy breaks?
An enigmatic Fed faces the risk of AI stocks falling and the oil price soaring
Oil prices remain highly flammable
As tensions flare in the Gulf, triple digits could return in a flash
How many people are dying as a result of USAID’s demise?
Fewer than academics imagine, but more than Elon Musk will admit
A common European safe asset is still unlikely
For that, blame high national debts
Japan pursues an ill-timed fiscal stimulus
Takaichi Sanae’s economic agenda bears little resemblance to her mentor’s
Retail investors should beware perpetual futures
These peculiar products, popular in the crypto world, are hitting the mainstream
AI revenues are growing fast, but not fast enough
The returns on trillions of dollars of spending are deeply uncertain
How to design paper money that represents Europe
The euro gets a makeover
Oil markets are on edge again
The bombing may have paused, but energy supplies are precarious
The world’s balance-sheet is out of kilter with its economy
Restoring balance could be painful
A brief history of Luddism
States ultimately decide how fast technology is adopted
Can China dominate AI exports, too?
Robotaxis offer an early test case
The rise of the deserving rich
Today’s billionaires are more likely than yesterday’s to have made their own money
Can prediction markets win over Wall Street?
Clearing the regulatory hurdles is only half the battle
How investors learned to live with inflation
Fewer than ever believe central bankers will bring it back to target
How to shrink the Fed’s $7trn balance-sheet
Kevin Warsh will struggle to reverse the effects of bond-buying
Can Kevin Warsh’s Fed force 5 reimagine monetary policymaking?
The new chairman enlists heavy-hitters to fight a handful of gnarly problems
China’s trade gap is narrowing. And other surprises
The world’s second-biggest economy is stumbling into fiscal austerity
America’s Hormuz brinkmanship is worsening a global fuel crunch
Rising oil prices are only part of the problem
What investment gurus get wrong
To see a country’s financial follies, look to its celebrity advisers
The stubborn scarcity of female breadwinners
Wives who out-earn their husbands remain rare in America
Storm clouds gather over America’s financial supremacy
Its payments firms may be the first casualties
China may struggle to fund Xi Jinping’s tech dreams
Even though capital markets are staging a comeback
An ageing society might not cost too much
A dystopian vision of the future may not come to pass
Three ways the LNG market could crack before winter
War, weather and outages may still send gas prices soaring
AI has taken over the stock market. The bond market is next
Judging credit risk of the AI boom is difficult
Europe’s economy is a mess. Its stock markets are a steal
International investors still aren’t interested
The World Bank has ditched its climate targets
The rise and fall of the institution’s love for green growth
Women’s progress at work is stalling
Is the “Lean In” generation leaning out?
Is The Economist always wrong?
We used artificial intelligence to test the accuracy of our forecasts
How much will a 4th of July cookout cost this year?
We calculate the rising price of Americans’ summer staples
Are stablecoins money?
Policymakers’ job is to make them safe as well as useful
Unpacking Venezuela’s peculiar debt restructuring
Hazy numbers and the absence of the IMF make for an unusual negotiation
A new Plaza Accord for global currencies wouldn’t work
The conditions and will for a deal are not what they were in 1985
Turkey’s economic plan to win from the Iran war
The country is a case study in the spillovers of conflict—both positive and negative
China cracks down on rule-bending offshore investments
It wants mainland investors to bet on its own tech dreams, not America’s
Will AI lower interest rates?
Kevin Warsh is drawing lessons about tech from Alan Greenspan—but selectively
Waiving sanctions on Iranian oil is a huge concession by America
It will enrich an adversary
Why macro trading is hard
More difficult than knowing what to buy is how much