The most amusing part about the current inflation hysteria is that everything happened so quickly. The first Covid wave swept through the United States last spring, causing more than 20 million Americans to lose their jobs and plunging the country into its worst recession in recorded history. With the economy contracting by 31.4 percent in … Read more

I swear it seems like every other week, a new corporation announces a huge project in the state of Texas. Today’s entry: Samsung, the Korean technology behemoth, announced plans to develop a $17 billion advanced chipmaking facility in Taylor, Texas, roughly 30 miles north of Austin. It’s a major thing, both in terms of monetary value … Read more

Prepare to see Jerome Powell in our daily columns for the next four years, as President Biden recently appointed him to run the Federal Reserve for another four years. Lael Brainard, a Fed Governor who was also in the race to replace Powell, was also selected as vice chair of the Fed by the president.By picking … Read more

Visa is starting to feel as left out as those of us who didn’t get invited to a Friendsgiving in the fast-changing world of payments. Amazon announced this week that starting next year, it will no longer accept Visa-branded credit cards from UK consumers. This follows Amazon’s retaliation in Australia and Singapore, where it imposed … Read more

There were many of distractions this week, from Crypto.com Arena to Adele’s new album, from the more sobering news that Covid-19 is rearing its spiky head once again, prompting lockdowns, moving markets, and increasing the urgency around the launch of booster shots. Here’s a quick rundown of what’s new. Unleash the booster shots: The CDC … Read more

On a night when the world witnessed the longest partial lunar eclipse in 581 years, the House of Representatives moved closer to making its own history by passing the Build Back Better (BBB) measure. This $1.75 trillion proposal, backed by Democrats but opposed by Republicans, invests in everything from education to healthcare to combating climate … Read more

The best way to describe what’s happening right now is that Supply chains have taken a laxative. That is, the supply chain bottlenecks that have troubled the global economy for more than a year are slowly but steadily easing—or at the very least being avoided. This week, the country’s leading retailers said in unity that supply chain … Read more

The agreement to create an international carbon trading system was one of a slew of announcements made at the United Nations Climate Change Conference in Glasgow, which concluded Saturday. This global carbon market, also known as Article 6, was established six years ago as part of the Paris climate agreement. Nevertheless, officials in Glasgow completed … Read more

While Elon Musk considers selling his Tesla stock, another electric vehicle startup is pleading with you to purchase its. Rivian is going public today, with a valuation of $77 billion and a goal of generating over $10 billion. The IPO is expected to be the seventh-largest on a US stock exchange in history, and the … Read more

Some of the world’s most recognisable corporations are recognising that, if only their business units had their own bedrooms, they’d get a better night’s sleep and be more productive the next day. Let’s start with Johnson & Johnson, which has been in business for 135 years and is the world’s largest manufacturer of health products … Read more