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    How cheap can investing get?

    THE BATTLE between the world’s two largest exchange-traded funds has reached a pivotal moment. On February 18th VOO, an ETF tracking the S&P...

    Meet Trump’s fiercest opponent: the bond market

    One of the biggest fears about Donald Trump’s approach to the economy was that he might try to undermine the Federal Reserve’s independence...

    Stablecoins: the real crypto craze

    Policymakers are racing to catch up with their rapid rise

    Why American credit-card delinquencies have suddenly shot up

    WHEN IT COMES to the finances of American consumers, the viral videos produced by Caleb Hammer, a personal-finance social-media star, provide some cause...

    China’s leaders look to have blinked in their property face-off

    If you are going to buy a flat in China, common advice goes, you should buy it from a “model student”. That is,...

    Donald Trump’s reciprocal tariffs are absurd

    “He started it,” is playground justice. It may soon be America’s trade policy. On February 13th Donald Trump announced he had decided, for...

    To spend big, Germany’s next government may need EU help

    How self-imposed constraints could lead to a bizarre outcome

    Investors fear inflation is coming back. They may be right

    After peaking in 2022 at 11% year on year, inflation across the rich world has steadily fallen. Until now. As central banks bring...

    American inflation looks increasingly worrying

    Jerome Powell’s press conferences—sometimes market-moving events—have attracted less notice of late. With Donald Trump in the White House, the chair of the Federal...

    Will Europe return to Putin’s gas?

    The first proper winter in three years had already reignited energy debates. With temperatures frigid and Asian competition for supplies fierce, the spot...

    Cheap solar power is sending electrical grids into a death spiral

    In 1812 Frederick Winsor, a madcap entrepreneur, invented the public utility. The idea behind his Gas Light and Coke company, which would supply...

    Russian inflation is too high. Does that matter?

    While inflation has cooled almost everywhere, in Russia it is hotting up. Consumer prices rose by 9.5% year on year in December, up...
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