2:33 a.m. April 9, 2021
G-20 nearer to a deal on minimum corporate tax rateFinance ministers from the world’s most developed economies said on Wednesday they hoped to agree on an overhaul of the way multinationals are taxed as well as on a minimum tax rate by the end of the year.
2:50 a.m. April 8, 2021
Odds Improve for Global Deal on Corporate Tax
The French and German finance ministers didn’t conceal their glee after Treasury Secretary Janet Yellen signaled her agreement on the principle of a global minimum corporate tax rate.
3:00 a.m. April 6, 2021
- By Howard Gold
U.S. stocks will continue to beat the alternatives Ramped-up COVID-19 vaccinations, huge fiscal stimulus and a quick economic recovery give U.S. stock markets a big edge over developed markets and emerging markets.
2:26 a.m. March 29, 2021
Why France and Europe Envy the Biden Stimulus
Macron was the first EU leader to suggest the bloc should decide another round of fiscal stimulus, like the $1.9 trillion package passed by the U.S. Congress two weeks ago.
10:00 a.m. March 25, 2021
- By Karen Hube
Investing to Protect the OceansA growing number of private and public investments aim to address ocean health
6:41 a.m. March 21, 2021
Investors Are Wary of Covid. But Their New Top Risk Is Inflation.
The most recent BofA Securities survey of investors sees investors fearing higher inflation and a taper-tantrum. A record 93% see higher inflation this year, and most see an improving economy.
12:45 p.m. March 12, 2021
The Global Recovery Is Made in the U.S.A. We’re Better Off for It.
The federal government’s willingness to support American consumer spending is producing substantial benefits for everyone. The rest of the world should reciprocate, writes Matthew C. Klein.
4:14 a.m. March 12, 2021
Biden’s Message of Hope Is Hitting Tech Stocks
Stimulus checks will start arriving this weekend, Coupang has largest IPO of 2021 to date, Moderna tests booster aimed at South African variant, and other news to start your day.
8:59 p.m. March 10, 2021
HSBC to phase out coal financing by 2030HSBC Holdings PLC is planning to phase out coal financing in the European Union and the Organization for Economic Cooperation and Development by 2030, as part of the lender's efforts to decarbonize its portfolio.
12:55 p.m. March 10, 2021
House Passes $1.9 Trillion Stimulus Bill, Garland Confirmed as Attorney General
President Biden will sign the bill on Friday, White House press secretary Jen Psaki said.
1:00 a.m. March 10, 2021
Podcast: $1.9 Trillion American Rescue Plan Expected to Grow Global Economy
The default rate on U.S. high yield corporate bonds is beginning to decline. The new American fiscal package will have global impact. And the European Union’s GDP drops.
11:49 a.m. March 9, 2021
Biden stimulus will give a major boost to the global recovery, OECD saysThe world economy is on track to be back to its pre-pandemic level by the middle of the year thanks to the $1.9 trillion fiscal stimulus package, the OECD said on Tuesday.
11:39 a.m. March 9, 2021
Biden Stimulus Gives Big Boost to World Economic Recovery: OECD
The organization says the U.S. economy will get a massive boost from the $1.9 trillion fiscal stimulus package now in its final stage of approval by Congress.
7:42 a.m. March 9, 2021
- By Ciara Linnane
Global tally of COVID cases tops 117 million as study finds Pfizer-BioNTech vaccine works against Brazil variantThe global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 117 million on Tuesday, as a study found the vaccine developed by Pfizer Inc. and German partner BioNTech SE is effective in neutralizing the highly infectious new variant that was first detected in Brazil.
4:13 a.m. March 9, 2021
Tech Stocks Are Back, For Now
Vaccinated Americans can socialize without masks, bigger stimulus checks + reopenings = a likely consumer spending boom, Walt Disney stock pops on new California reopening guidance, and other news to start your day.
10:38 a.m. March 7, 2021
- By Jillian Berman
DeVos appointee who oversaw America's student loans resigns --- Biden education secretary pledges to ease student-debt burdenMark Brown's resignation came after calls for new leadership from Senator Elizabeth Warren and borrower advocates.
7:35 a.m. Feb. 24, 2021
How Joe Biden can reset America's relationship with China Given China’s desire to be a respected member of the international community, a more satisfactory U.S. approach would involve seeking cooperation and mutual gain when possible and limiting confrontation to vital issues.
8:20 a.m. Feb. 4, 2021
Biden must insist that all multinationals be taxed, not just U.S. tech giantsEuropean threats to tax digital services must be countered with a proposal to end all tax havens for multinational corporations, wherever they are based.
8:37 a.m. Jan. 25, 2021
Covid-19 Vaccine Offers Road Map for Tackling Dementia. Here’s How.
The Davos Alzheimer’s Collaborative will try to link discovery research, clinical trials and health system preparedness to tackle dementia, using the same tools used to accelerate the development of a Covid vaccine.
1:55 a.m. Jan. 25, 2021
- By Jack Denton
Netflix paid just $4.4 million in U.K. taxes in 2019 despite reaping $1.3 billion from subscribersNetflix reaped an estimated £940 million ($1.3 billion) from British subscribers in 2019 but the streaming giant paid just £3.2 million in U.K. corporation taxes that year.
10:13 p.m. Jan. 14, 2021
UK economy shrank 2.6% in November The U.K. economy shrank in November, highlighting the economic cost of restrictions to curb the spread of the coronavirus pandemic. The British economy shrank 2.6% in November, the Office for National Statistics said Friday, following six consecutive months of growth since lockdowns in the spring. Economists polled by The Wall Street Journal had forecast a 4.0% drop.
11:32 a.m. Jan. 8, 2021
Forget About the Debt for Now. Here’s Why Europe Needs More Stimulus.
The risk for governments in coming weeks, as they start worrying about mounting debt load, isn’t that they do too much, but too little.
10:27 a.m. Jan. 6, 2021
Using America’s Global Leverage to Restore the Middle Class
America's global reach can be used in service of the the economic security so many crave.
3:05 a.m. Jan. 6, 2021
- By Peter Morici
Biden's defense and economic teams aren't ready to battle ChinaChina’s hardening nationalism and global ambitions are the most significant foreign policy challenges facing President-elect Joe Biden, but his top defense and economic appointees will require a lot of on-the-job training.
6:00 a.m. Dec. 24, 2020
Why it would be crazy to impose binding commitments to fight climate changeA global climate treaty binding countries to emission ceilings or minimum carbon prices is well beyond reach and practicality.
12:02 p.m. Dec. 18, 2020
A European Rebound Is Coming, but It Could Be a Weak One
Much depends on results of the battle against the pandemic and the seemingly interminable Brexit negotiations.
7:34 a.m. Dec. 14, 2020
Oil’s Recovery Next Year Could Be Complicated
OPEC pares back its forecast for global demand.
10:30 p.m. Dec. 9, 2020
U.K. growth slows in October amid new virus rulesLONDON--Growth in the U.K. economy slowed in October as new restrictions to curb the spread of the coronavirus pandemic came into force. Economists expect the economy to shrink in the final three months of the year as restrictions tightened further. The British economy grew 0.4% in October, the Office for National Statistics said Thursday, the six straight month of growth since lockdowns in the spring.
11:17 p.m. Dec. 4, 2020
The global recovery remains uncertain — here's why the OECD wants fiscal stimulus to continueGrowth prospects remain “exceptionally uncertain” and increased fiscal support through public spending will remain necessary, says the OECD in its latest report.
10:48 a.m. Dec. 2, 2020
- By Ciara Linnane
U.S. COVID-19 death toll tops 272,000 as CDC pushes ahead with plans for expected vaccine rollout U.K. grants emergency-use authorization to Pfizer and partner BioNTech’s vaccine candidate, but many hurdles remainThe U.S. set a fresh record for hospitalizations with the coronavirus illness COVID-19 on Wednesday and the death toll climbed above 272,000, as the nation’s main public health agency pushed ahead with planning for an expected vaccine rollout.
8:00 p.m. Dec. 1, 2020
Asian markets mixed after Wall Street's latest rallyAsian shares were mixed Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite to new highs.
11:32 a.m. Dec. 1, 2020
Recovery Still Uncertain, Needs Continued Fiscal Support: OECD
The international organization sees the world economy growing 4.2% next year after falling by a similar amount in 2020.
11:47 a.m. Nov. 25, 2020
- By Jack Denton
The U.K. is increasing the minimum wage. How does it compare with the U.S. and rest of the world?Chancellor Rishi Sunak sets out his spending review warning the economy will contract by 11.3% — the largest drop in more than three centuries.
6:40 a.m. Nov. 21, 2020
- Associated Press
G-20 summit opens as leaders urge united response to virus The pandemic, which has claimed more than 1.37 million lives worldwide, has offered the G-20 an opportunity to prove how such bodies can facilitate international cooperation in crisesThe Group of 20 summit began on Saturday with appeals by the world’s most powerful leaders to collectively chart a way forward as the coronavirus pandemic overshadows this year’s gathering, transforming it from in-person meetings to a virtual gathering of speeches and declarations.
4:30 p.m. Nov. 20, 2020
Updating Ben Graham’s Idea of Value
Letters on value stocks’ underperformance, Leon Cooperman’s takedown of a wealth tax, Moore’s Law, and the case for Intel stock
6:19 a.m. Nov. 18, 2020
Biden must rewrite the China trade contractChina has become too deviant to cooperate with fully, too big to contain or ignore, and too connected to decouple from.
2:13 p.m. Oct. 20, 2020
Caterpillar Stock Is Becoming a Wall Street Darling. Here’s Why.
One analyst raised his Caterpillar stock price target a few days after a peer upgraded shares to Buy.
3:38 p.m. Oct. 16, 2020
Airbus Is Struggling. And a Contract to Build a Mars Spacecraft Can’t Lift the Earthbound Gloom.
The big European aircraft maker continues to be battered as its airline customers cut their orders and trade disputes swirl. Even a trip to Mars couldn’t help the stock.
1:22 a.m. Oct. 13, 2020
Most countries aren't fighting foreign bribery, watchdog says An anti-corruption watchdog on Tuesday ranked the United States and United Kingdom as the largest exporters most active at enforcing rules meant to prohibit companies from paying bribes in foreign markets, but said many others are doing next to nothing.
9:17 p.m. Oct. 12, 2020
IEA: Global emissions to hit decade low in 2020The coronavirus pandemic will cut global carbon emissions to a decade low this year, but rising long-term demand for fossil fuels in developing nations means the world is on course to miss landmark climate targets, the International Energy Agency said Tuesday.