BUSINESS
How to demystify the market prophets
Analysts can be late to the party, often publishing estimates only once a quarter or so. At any given time, the consensus reflects a mix of updated and older numbers
BUSINESS
Joe Biden is forced to pivot back to a divided home front
Biden’s aim of creating a counterweight strategic trade alliance to China has consistently struggled against his domestic imperatives
BUSINESS
Xi Jinping’s Taiwan ambitions threaten China’s rise
Xi’s nationalistic rhetoric (involving Taiwan) is creating a dangerous mixture of hubris and paranoia in Beijing
BUSINESS
Oaktree’s Howard Marks warns of crunch time for private credit
Billionaire investor says higher interest rates and slower growth are about to put $1.5tn market to the test
BUSINESS
Tim Harford: One group of people can’t substitute their way out of inflation
Giffen goods, sliced bread and how inflation hits the poor the hardest
BUSINESS
Lex | Google: AI additions to search should stave off rivals
The success of a competitor is not a happy reason to roll out change. But it appears to have electrified Google
BUSINESS
Mohamed El-Erian: How we can avoid a third phase of banking turmoil
Conditions have stabilised but more must be done to prevent further banking tremors
BUSINESS
Federal Reserve warns of credit crunch risk after US bank turmoil
Fears of a credit contraction come as a possible US debt default looms
BUSINESS
Why Warren Buffett prefers cash
The company has $150bn in cash and shortish-term bonds on hand, enough to buy either Goldman Sachs or Lockheed Martin outright
BUSINESS
Chegg is a harbinger of AI’s disruptive force
Online education sector will be far from the last to be shaken up by new platform shift
BUSINESS
'Getting close': Federal Reserve chair seeds expectations for pause in interest rate rises
Jay Powell hints US central bank has done enough to tame inflation after 14-month campaign
BUSINESS
There is still a narrow path to an economic soft landing
Policymakers have little room left for mistakes in tackling inflation and the fallout of banking turmoil
BUSINESS
It’s good to be JP Morgan
And even flat margins could hurt investors
BUSINESS
Mohamed El-Erian: Policymakers and business need to adapt better to structural uncertainty
The global economy is facing an unusual spread of plausible outcomes
TRENDS
Will the extraordinary boom in luxury goods ever end?
Financial crises, a pandemic, geopolitical ructions and more have done little to dent the rise of the luxury sector
BUSINESS
Lex | Tesla: the problem is Elon Musk’s multitasking, not his stake
The Technoking’s sway has always depended more on his personality than his stake in the electric-car maker
BUSINESS
Big Tech is racing to claim its share of the generative AI market
The new technology’s competitive phase could be very shortlived
BUSINESS
Bloomberg is contemplating life without its founder
Michael Bloomberg is lining up succession and one of the largest charitable donations in history
BUSINESS
Why I am not investing in a buyout for a long time to come
Current investment “alternatives” such as buyouts are no longer alternative. This should be a red flag
BUSINESS
Margins will fall, but to where?
Corporate margins, as measured in the US national accounts, remain extraordinarily high
BUSINESS
The rent is still too damn high...
. . . but the good news is it’s slowing down
BUSINESS
Mohamed El-Erian: Banking tremors leave a legacy of credit contraction
Rather than bet on early rate cuts, markets should be encouraging the Fed to complete its inflation-reduction task
BUSINESS
What I learnt from three banking crises
Gillian Tett has had a ringside view of a quarter-century of financial crashes. What can each teach us — and will technology change the game?
BUSINESS
Millennials are not as badly-off as they think — but success is bittersweet
Highly educated and with earnings to match, this generation still falls behind boomers in the housing market
