BUSINESS
Global liquidity trap requires a big fiscal response
Central banks have taken unprecedented steps, but now demand needs a lift
BUSINESS
Long-term forces stack up against the dollar
Low rates combined with rising trade and budget deficits put pressure on the currency
BUSINESS
Big Tech shows its resilience to pandemic and politics
The combined sales of the four big tech companies leapt 18 per cent year on year in the latest quarter, 4 per cent higher than expected while their after-tax profits jumped by 31 per cent
BUSINESS
Earnings in the time of coronavirus: the dissonance of blowout profits
Measures of economic activity recorded their largest declines ever in the second quarter. Yet earnings for many big listed businesses have been robust
BUSINESS
Corporate America is breaking with Donald Trump
Whether hesitant or hyperbolic, the statements all carry the same message: there is a growing consensus in Corporate America that Mr Trump is no longer good for business
BUSINESS
Why ExxonMobil is sticking with oil as rivals look to a greener future
If Exxon is right, its gamble will rescue the company as projects from New Mexico to Guyana begin pumping crude oil into a rising market
BUSINESS
US global role at stake in this election
The re-election of Donald Trump would undo much, if not all, of the legacy of Roosevelt. Yet his defeat would not end the danger
BUSINESS
AMD/Xilinx: stock take
AMD wants to go beyond the market for home computers and gaming consoles to compete more directly with Intel in supplying chips to cloud computing businesses
BUSINESS
Ant IPO: earth-shaking arthropod
Eye-popping as the numbers are — putting Ant on track to raise $34.4bn — the dual listing in Shanghai and Hong Kong is priced to go. Long-term investors should ask why
BUSINESS
What the shift on austerity means for markets
The world is now set to experience another surge in debt and deficits from levels that only nine months ago would have been deemed unthinkable by most economists and financial market participants
BUSINESS
Huawei: stale mate
More worrying news: Huawei has suggested that its latest flagship smartphone, Mate 40, will be the last of its high-end line-up.
BUSINESS
The fallacy of ESG investing
Not only is the evidence that ESG outperforms over long periods inconclusive; the win-win argument doesn’t even make sense
BUSINESS
Tesla/lithium: metal guru
Tesla’s practice of selling its emission credits to the highest bidder has plumped gross margins by a quarterly average of 400 basis points since last September
BUSINESS
The case for re-electing Donald Trump
The highest number of checks on Mr Trump’s “promises kept” sheet are on foreign policy
BUSINESS
The good, bad and ugly of soaring tech stocks
There are two ways to look at the market’s rise
POLITICS
Investors opt for the ‘do nothing’ trade ahead of US election
Polls point to a clear win for the Democratic party on November 3, potentially on a scale large enough to take the presidency and both houses of Congress
BUSINESS
The threat of long economic Covid looms
The second waves of the disease now crashing on to many economies will make this worse
POLITICS
What will Xi’s China do next?
Here are three books that allow the reader — and the next US administration — to prepare for what China may do next
BUSINESS
Conoco/Concho: surfing the wave
Valued at $13.3bn including debt, this is not only the year’s biggest deal but the third major transaction in the US shale industry in under three months
BUSINESS
The debt bubble legacy of economists Modigliani and Miller
For most companies which had assumed that too much debt would affect the value of the firm, their paper was a counterintuitive bombshell
BUSINESS
Joe Biden needs an economic team that will support workers
That is because the next president will need a highly heterodox team to handle a very complex problem: how to bridge the historic divide between the fortunes of US companies and workers
BUSINESS
US election: what investors are anticipating
Ignore the short-term market noise and stick with equities and other assets that will benefit from the secular forces driving the economy and the business cycle into the next presidential term and beyond
BUSINESS
Blockchain: not hip to be square
PwC predicts blockchain could add $1.76tn — or 1.4 per cent of global gross domestic product — to economic output over the next decade
BUSINESS
‘Value drought’ claims latest victim as growth stocks power on
For value investors, a bout of underperformance is nothing new. Many ruefully recall how dismally they did during the dotcom bubble, only to roar back when it burst
