Driving down the market is not a direct goal of the Fed, yet declining stocks fit with the broader project of raising the cost of capital across the economy.
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As market slides, does the Federal Reserve want or need stocks much lower?
World
Welcome to the mullet market: Steady benchmarks in the front, crypto party in the back
This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back. The headline benchmark stock indexes have been all business, remaining calmly firm in an orderly uptrend, barely laying an errant step for weeks. After a post-election pop that lasted a few days and took […]
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World
Wealthy countries’ $300 billion offer seeks to end COP29 stalemate
People walk past the logotype at the venue for the 2024 United Nations Climate Change Conference (COP29) in Baku on November 11, 2024. Alexander Nemenov | Afp | Getty Images The European Union, U.S. and other wealthy countries at the COP29 summit have agreed to raise their offer to $300 billion per year by 2035 […]
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World
Germany’s Merkel laments influence of big business on Trump
German Chancellor Angela Merkel, on February 14, 2020 in Berlin, Germany. Felix Zahn | Photothek via Getty Images Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over U.S. President-elect Donald Trump a “huge concern”. In an interview with the news magazine Der Spiegel published on Friday ahead […]
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