Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto
Germany’s economic model is known for close relations between bosses and unions; the Mittelstand, the country’s world-leading manufacturing firms; and the political system’s federalism, which
Financial crises are sometimes used as evidence that banks’ profitability can come at the expense of customers and communities. But those who take this view
Europe is facing a stickier inflation problem than the US, with investors and analysts increasingly warning of the risk of transatlantic divergence in both economic
Gap between federal spending and revenue is widening, but not for reasons that stimulate economy. Something strange is happening with the federal budget this year.
Last week’s economic data increasingly gave investors hope that the Federal Reserve could hold interest rates steady this month, following a hike in July that
In the decade before the Covid-19 pandemic, governments, businesses and households became addicted to low interest rates, gorging on debt to fund everything from expensive
Switzerland’s economy stalled in the second quarter as its manufacturing sector fell victim to waning global demand. Gross domestic product, adjusted for large sports events,
The long-robust US job market is continuing to cool, according to several economic indicators released this week. That marks some progress for the Federal Reserve,