BUSINESS
When is stimulus too much for markets?
The liquidity surplus raises interesting questions as to whether the beneficial result for markets will compound or, instead, involve volatile contradictions requiring careful active management
BUSINESS
The Big Read | ‘It needs to change its culture’: is McKinsey losing its mystique?
The product in question is OxyContin, the highly addictive painkiller; the client was Purdue Pharma, a drugmaker now synonymous with America’s opioid crisis; and the consultancy was McKinsey
BUSINESS
Should equity investors worry about rising interest rates?
Weaning the economy and markets away from artificially low interest rates will be difficult
BUSINESS
Investors also need to ‘act big’ as Yellen signals regime change
Yellen, a former Fed chair, is an ultimate “insider” who understands monetary policy theory and practice and, also, how fiscal and monetary policy can be interlinked
BUSINESS
US bond sell-off stirs warnings over stock market strength
Investors are rushing to figure out the potential tipping point for equities
BUSINESS
Why markets are still efficient even with Tesla’s gains
Stock prices remain our best prediction of future amid continuing technological change
BUSINESS
Commodity rally raises hopes of new bull run
Asset class benefits from investor demand for a hedge against increased inflation
BUSINESS
Bitcoin’s rise reflects America’s decline
Bitcoin isn’t so much a bubble as “the last functioning fire alarm” warning us of some very big geopolitical changes ahead
BUSINESS
Is the party over for top tech stocks?
Here’s a reminder of a possible problem: the overexposure of global investors to the US market and hence to a few huge technology companies
BUSINESS
The ‘stonk’ bubble poses significant global risks
GameStop illustrates clearly that capital markets are driven by flows and investor positioning, rather than by the underlying fundamentals of businesses
BUSINESS
How tech went big on green energy
It isn’t just Amazon: tech companies including Google, Microsoft and Facebook have become the world’s biggest corporate purchasers of clean energy
BUSINESS
The money behind Robinhood is pure Sheriff of Nottingham
The saga demonstrates the muscle of private pools of capital generally, and of family offices in particular
BUSINESS
The biggest lesson of GameStop
An economy in which individual fortunes are so closely tied to the health of the stock market rather than income growth is fragile
BUSINESS
Silver surge could signal coming commodities boom
Silver is likely to play a core role in the next commodity super cycle
BUSINESS
How the race for renewable energy is reshaping global politics
As the transition from fossil fuels to clean energy gathers speed, what does it mean for the balance of power?
BUSINESS
Martin Wolf writes: Containing China is not a feasible option
Unlike with the Soviet Union, the US and its allies have to co-operate and compete with its rising power
BUSINESS
US shale oil: Can a leaner industry ever lure back investors?
The only feature that matched shale’s disruptive rise in the past 15 years was the industry’s knack for destroying investors’ money as billions of dollars were spent with little return
BUSINESS
Short sellers face the rage of an army of small traders
Small traders, who — on social media sites such as Reddit — have painted short sellers as members of an elite stacking the odds against the individual investor
BUSINESS
The battle ahead: War is coming for your money
War comes faster than you expect and costs more freedom than you thought possible
BUSINESS
The ESG investor’s dilemma: to engage or divest?
A 2020 paper on the debate over engagement versus divestment found that exiting is less effective than engagement in pushing companies to act in a socially responsible manner
BUSINESS
Is value investing back from the dead?
MSCI’s index of value stocks globally has climbed almost 16 per cent, compared with the growth stock benchmark’s 11 per cent gain
BUSINESS
Investor anxiety mounts over prospect of stock market ‘bubble’
After a dramatic rebound from the coronavirus crash last March, benchmark equity indices have toppled a series of record highs in the early days of 2021
BUSINESS
China’s currency heads into Biden era on front foot
But investors are divided over whether the wind will remain in the renminbi’s sails in 2021
BUSINESS
Mohamed El-Erian writes: Crises facing Biden threaten to create vicious cycles
New US President must combine agile political manoeuvring with smart economic policy
