Why the Fed Shouldn’t Get Credit for the Fall in Inflation – WSJ
Does the Federal Reserve deserve credit for the decline in inflation? The economic evidence is clear: No, not a lot. On the face of it,...
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Lloyd’s of London insurers dominate underwriting of fossil fuel projects, study shows – The Guardian
Insurers operating in the Lloyd’s of London market are the world’s biggest underwriters of fossil fuel projects, research has found. Fifty years after the insurance...
Big hedge funds pay ‘silly’ money, says founder of Europe’s largest manager – The Financial Times
The rise of multi-manager hedge funds has led to a “merry-go-round” of portfolio managers being offered “silly” amounts of money, according to the co-founder of...
Chatbots are so gullible, they’ll take directions from hackers – The Washington Post
Imagine that a chatbot is applying for a job as your personal assistant. The pros: This chatbot is powered by a cutting-edge large language model....
Demand Rises For Tokenized Green Finance – Global Finance
The COP28 conference offers a real opportunity to rethink how we look at green finance solutions, Atlas Capital Team’s Chief Economist Nouriel Roubini and CEO...
UK food inflation may be gone by Easter, claims boss of major retailer – The Guardian
Food inflation could be all but gone by Easter, according to the owner of Kingsmill bread, Twinings tea and Silver Spoon sugar – as long...
Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’ – CNBC
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of layoffs, a jolt of fear...
Tech Stocks Boost Market – WSJ
Wall Street’s winning streak continued Tuesday, with shares of technology firms and companies that depend on discretionary consumer spending lifting major stock indexes. The Nasdaq...
Soaring wage growth risks blunting eastern Europe’s edge, IMF warns – The Financial Times
The IMF has warned rapid wage increases in central and eastern Europe risk eroding the region’s competitive edge. Incomes have risen at double-digit levels in...
The fall of WeWork shows the deepening cracks in real estate – The Economist
Since it was founded in 2010, WeWork has not once turned a profit. For years its cash-torching ways went unchallenged, thanks to the reality-distorting powers...