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Economy

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Oil Prices Have Fallen, but the Crisis Is Far from Over
Economy|Energy

Oil Prices Have Fallen, but the Crisis Is Far from Over

Oil prices fell sharply on news of the US-Iran agreement, yet the relief in the markets may prove premature. The Strait of Hormuz …

Spectators watch the Brooklyn Gay Pride Parade.
Economy|Companies

Exodus: Corporates Abandon Pride Month

As support for LGBT causes falls in polls, so too are corporate sponsorship and promotion of festivals during Pride Month – to the…

Advertised range becomes a legal test for electric-car makers.
Economy|Companies

German Court Allows Buyer to Return Electric Car over Range Shortfall

An electric-car buyer in Germany was entitled to return his vehicle after tests showed that it fell far short of the advertised ra…

Elon Musk and the debate on extreme wealth.
Economy|Companies

SpaceX IPO Launches Thousands of Millionaires

A record-breaking IPO has made SpaceX one of the world's most valuable companies and created thousands of new millionaires in the …

Kevin Warsh in a new era for the Federal Reserve.
Economy|Markets

New Fed Chair Tears Up the Rulebook

Falling oil prices initially brought relief. Kevin Warsh’s first appearance as Federal Reserve chair has replaced it with uncertai…

Elon Musk during SpaceX's IPO on Nasdaq.
Economy|Companies

The World's First Trillionaire Is Pulling Away from the Pack

Elon Musk has amassed wealth comparable to national economies, but his fortune remains highly dependent on market sentiment.

ECB President Christine Lagarde.
Economy|Markets

Did the ECB Shoot Itself in the Foot?

While the European Central Bank tightened monetary policy and exposed Europe’s economy to fresh risks, US markets rallied on renew…

Inflation-relief sale in Miami Beach.
Economy|Trade

Three Inflation Problems of Trump’s Own Making

The president’s policies across three distinct areas – tariffs, war and interest rates – all have the same effect on the economy. …

Visitors inspect the concourse of Stuttgart's future station.
Economy|Companies

Stuttgart 21 Turns into Stuttgart 31

Be it a railway station, an airport or an opera house, Germany can no longer keep major projects on budget or on schedule. Costs s…

Expectations of higher interest rates have weakened gold.
Economy|Markets

Gold Joins Bitcoin and Tech Stocks in Market Rout

Gold has lost more than 26% of its value since March. This week brings the largest initial public offering (IPO) in history: Elon …

New extraction technologies in the USA.
Economy|Energy

“Drill, baby, drill!” Natural Gas Fracking Has Saved Americans Trillions

New extraction methods turned the US into a net exporter of natural gas. They also lowered the costs of heating and cooking.

The end of Denby Pottery as a warning for British industry.
Economy|Companies

What Does the Closure of Denby Reveal About the UK Economy?

Denby Pottery survived wars and recessions, but not soaring costs and shifting tastes. Its closure points to deeper troubles in Br…

Industry relies on reliable electricity.
Economy|Energy

Germany’s Wrong-Way Energy Policy

Global energy demand is soaring, driven by the technologies of the future. Germany, meanwhile, is blowing up power plants and regu…

Soldiers celebrating in the city of Hama.
Economy|Energy

From Ruin to Relevance: Syria Tries to Sell Its Geography to the West

Syria shows how quickly the rhetoric around a country can change. Yet while Damascus now casts itself as a future energy hub, the …

Trader at the stock exchange in New York.
Economy|Markets

Reality Hits AI Stocks

Markets often resemble a crowded movie theater: when panic breaks out, everyone rushes for the exits. Investors who wait until fea…

Candles lit in a household.
Economy|Energy

Brussels Wants Citizens to Save Power for the AI Age

Brussels plans to make households adjust their electricity use to the availability of wind and solar power while energy-hungry dat…

Local currency can be useful on holiday.
Economy|Markets

How Not to Blow Your Holiday Budget

A few local-currency banknotes in your wallet do more than serve a practical purpose. They can also act as a financial brake and h…

Bitcoin experiences a sharp drop.
Economy|Markets

Why Bitcoin's Worst Week in Months May Be Its Most Important

Bitcoin's sharp plunge is not a disaster but a necessary correction. How Strategy's token sale tested faith in halving cycles.

Elon Musk's SpaceX asks investors to believe in future economies.
Economy|Companies

SpaceX Seeks Biggest IPO in History With $75bn Bet on the Future

Elon Musk’s SpaceX has revealed plans to raise $75bn on the stock market. It would be the largest IPO in history, and the company …

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