Revolut’s growing pains: is the fintech ready to become a bank?
Earlier this year, the UK-based fintech company Revolut ended its banking relationship with a significant customer. Soon after, a strategic partnership manager at Revolut pasted
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PODCAST: Why Are So Many Older Gen Z Workers Not Seeking Jobs?
While most workers displaced by the pandemic have returned to the workforce, many in their early 20s have not. WSJ reporter Bryan Mena joins host
Big emerging-market companies worry investors – The Economist
Since september, when a botched budget in Britain roiled markets enough to threaten giant pension funds, investors have been looking for other vulnerabilities that might
Jobless Claims Fall Slightly in Tight Labor Market – WSJ
Filings for U.S. unemployment insurance fell slightly last week and remained near historically low levels amid a still-tight labor market. Initial jobless claims, a proxy
Amazon CEO says job cuts will continue into next year – CNN
Amazon CEO Andy Jassy said job cuts at the e-commerce giant would continue into early next year, in his first public remarks since the company
New England ‘importing European prices’ in looming gas supply crunch – The Financial Times
A European-style winter energy crunch is looming over New England in the north-east US, even as American natural gas producers export record volumes and a
UK faces biggest fall in living standards on record – BBC News
The UK faces its biggest drop in living standards on record as the surging cost of living eats into people’s wages. The government’s forecaster said
The Monetary Tightening Trap
Governments and central banks in the US and Europe continue to insist that raising interest rates is the only way to tame soaring prices, even
The US consumer is still spending – The Financial Times
Target is a very big retailer. It operates almost 2,000 stores in the US, selling over $100bn in groceries, clothing, home goods and what have
The tenacity of ESG investing – The Economist
The standard story of 2021’s green-finance boom goes something like this: in a phenomenon that reached fever pitch a year ago at the cop26 convention