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PRESIDENT DONALD TRUMP has not yet started a global trade war. But he has started a frenzy of special pleading and spluttered threats. In the week since he announced tariffs on steel and aluminium imports, countries have scrambled to win
BITCOIN, Ethereum, XRP, Stellar, Cardano: the infant world of cryptocurrencies is already mind-bogglingly crowded. Amid the cacophony of blockchain-based would-be substitutes for official currencies, central banks from Singapore to Sweden have been pondering whether they should issue digital versions of
FOR years, discussions of America’s public markets have usually featured a lament for their dwindling appeal. According to Jay Ritter of the University of Florida, the number of publicly listed companies peaked in 1997 at 8,491 (see chart). By 2017
President Trump threatened repeatedly to kill NAFTA. He called it “the worst deal maybe ever signed.” But America’s free trade agreement with Canada and Mexico may just survive. Hopes are rising that NAFTA negotiators are compromising on tough issues and
Walmart is reportedly in talks to buy Humana
Walmart is in the early stages of talks to buy health insurer Humana, according to The Wall Street Journal. A deal between the two huge companies would be the latest in a series of mergers in the health care industry
THE post-war system of global trade has been close to expiring, seemingly, for most of the post-war period. It tottered in the 1980s, when Ronald Reagan muscled trading partners into curbing their exports to America. It wobbled with the end
Even while the fervor for cryptocurrency poster child Bitcoin cools, investors are still piling onto what’s expected to be the largest initial coin offering (ICO) yet—that of messaging app Telegram. The five-year-old company, which has attracted users by touting its
Wall Street looks overvalued
FEW measures of stockmarket valuation are as controversial as the cyclically adjusted price-earnings ratio, or CAPE. American equities have looked expensive on this measure for most of the past 20 years, which is why many bulls tend to dismiss its
The Netflix of China had a tough first day on Wall Street. Shares in video streaming platform iQiyi (IQ) tanked on their Nasdaq debut Thursday, closing down more than 13%. The company raised nearly $ 2.3 billion in its initial
Bitcoin is falling back to Earth
Bitcoin is having a terrible 2018. The digital currency has slumped roughly 50% since the start of the year, dropping below $ 7,000 on Friday morning in Asia. Less than four months ago, it was trading close to $ 20,000.