Foreign Firms Pull Billions in Earnings Out of China
Updated Nov. 6, 2023 11:49 am ET SINGAPORE—For years, foreign companies plowed the profits they made in China back into China, using the cash to...
Housing affordability drops to the lowest level since 1984
It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report....
Zombie firm bankruptcies amid Fed interest rate hikes
In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years...
We’re Still Paying for the Federal Reserve’s Blunders
Oct. 25, 2023 12:53 pm ET The Federal Reserve is relieved inflation is receding and hopes it will fall to 2%. Meantime, households and businesses...
What Can the Fed Do About the Deficit? Nothing
Federal Reserve officials say soaring long-term bond yields are a key factor in the economic outlook and their interest-rate decisions. They also say the swelling...
Another Black Monday May Be Around the Corner
By John Greenwood and Steve H. Hanke The Federal Reserve’s policies are threatening U.S. financial markets and the economy. They are in danger of a...
The Federal Deficit Is Even Bigger Now Than It Looks
The federal government’s annual deficit for 2023 appeared to be $1.7 trillion, but due to irregularities involving President Biden’s now-overturned student debt cancellation plan, the...
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill...
Big Bankruptcies Hang Over Economy
Rising business bankruptcies are sounding alarm bells, especially as they increasingly involve large companies such as SVB Financial, Bed Bath & Beyond, and Yellow. Factors...
Deficits Finally Matter on Rising Interest Rates
Investors are growing concerned as U.S. borrowing skyrockets, posing potential risks to markets and the economy. Historically, the U.S. has been the world’s primary lender,...