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
BUSINESS
Martin Wolf: Waging war on trade will be costly
The US risks reversing nine decades of hugely successful policy. This shift of policy in the world’s hegemonic power raises three big questions
BUSINESS
The financial turmoil is not over
If 2022 was about the repricing of capital, 2023 is likely to be about the reduction in the quantity of it
BUSINESS
‘Greedflation’: profit-boosting mark-ups attract an inevitable backlash
Some companies seized on widely reported disruptions to raise prices and increase margins at the expense of consumers
BUSINESS
Martin Wolf: Central banks not solely to blame for banking crisis
The view that what has gone wrong with our economies in the past few decades is mainly loose monetary policy is a cop out
BUSINESS
Middle East on ‘radar’ of global investors as it enjoys IPO boom
Frenzy of activity across the region contrasts sharply with Europe’s moribund market
BUSINESS
Ruchir Sharma: The unstoppable rise of government rescues
A maximalist culture of bailouts and state support is bloating and thereby destabilising the global financial system
BUSINESS
Copper price to surge to record high this year, Trafigura forecasts
Rebound in Chinese demand has pushed up cost faster than any other industrial metal
BUSINESS
Jerome Powell splits the difference
This is a reminder that cycles don’t end smoothly or predictably. Jerky, non-linear events, like banks breaking, change the economic picture in an instant
BUSINESS
Bundesbank chief says rate-setters must be ‘more stubborn’ in inflation fight
Joachim Nagel backs continued rate rises while dismissing concern that banking turmoil will spread to Europe
BUSINESS
Martin Wolf: Four ways to fix the bank problem
It is not clear how bad this crisis is going to be but reform is urgently needed
BUSINESS
UBS-Credit Suisse: Shotgun wedding aims to forestall contagion
This is a messy, ugly transaction that nobody really wants — but it’s also necessary
BUSINESS
Carl Icahn urges Fed to keep fighting inflation ‘disease’ after SVB collapse
Comments by activist investor in proxy fight over Illumina come ahead of US central bank’s rate-setting meeting next week
BUSINESS
Turbulence strains interest rate markets as traders bet on Federal Reserve cuts
Dramatic moves force futures halt while investors resort to phones to arrange big deals
BUSINESS
Credit Suisse under siege
The fear bug jumps to Europe
BUSINESS
Nickel ‘alchemist’ Xiang Guangda aims to work his magic on batteries
Xiang has ambitious plans to expand into high-grade nickel and lithium and to integrate the raw materials into its own EV batteries
BUSINESS
SVB shows the perils of regulators fighting the last war
Worries have focused on credit and liquidity risks rather than interest rates
BUSINESS
SVB was only a little bit insolvent, luckily
Did the US authorities do enough to quell worries about bank runs?
BUSINESS
The financial markets go down the rabbit hole
Investors and the Fed need to keep an eye on speculative positioning and generational bias
BUSINESS
Central banks going crypto. Is it a good idea?
Across the world, these sober institutions are exploring digital currencies — and clashing with crypto aficionados
