In October, China experienced a surprising uptick in factory activity, revealing a potential shift in momentum following five months of contraction. The official manufacturing purchasing managers’ index (PMI) rose to 50.1, surpassing the previous month’s figure of 49.8 and indicating a return to expansion, as values above 50 signify growth.…...

Bryant Riley, the co-CEO of B. Riley Financial Inc., has come under scrutiny for failing to accurately disclose the number of shares he pledged as collateral to secure a loan from Axos Bank. Initial reports indicated that Riley had pledged 4,389,553 shares in compliance with the firm’s insider trading policy…...

Republican presidential candidate Donald Trump’s argument in the ongoing campaign contrasts the current economic situation under President Kamala Harris with the situation four years prior when he was in office. Trump employs a classic political strategy by prompting voters to assess whether they are better off now. However, a closer…...

In Lambert Strether’s piece from Corrente, avian observations begin with a stunning report on a personal achievement in the Lower Amazon: the ringing of a Hoatzin, a bird described as one of the most primitive in existence, closely related to the Archaeopteryx. This highlights an ongoing theme of interplay between…...

The recent surge in U.S. mortgage rates has exacerbated challenges within the housing market, with the average interest rate for a 30-year fixed-rate mortgage climbing to 6.73%, the highest level since July. This increase, amounting to 21 basis points in just one week, stands in contrast to expectations that the…...

Amidst escalating concerns over the staggering $34 trillion national debt, a group of billionaires close to Donald Trump have expressed their determination to take control of the situation. Prominent figures like Elon Musk and hedge fund mogul John Paulson are stepping into the fray, signaling their plans to majorly reduce…...

Boeing has faced severe financial challenges in recent years, recording a staggering $32 billion in net losses since 2019, alongside a massive increase in debt that now totals $58 billion. The company has seen its stockholder equity plunge to a negative $23.6 billion, necessitating urgent capital to address its financial…...

In Michael Hudson’s “The Destiny of Civilization,” the assertion that the decline of an industrial economy presents ample opportunities for financial predators and vulture funds accurately characterizes the ongoing situation in Germany, where the industrial sector and the working class face significant disruption. Recently, Volkswagen announced the closure of three…...

Lambert Strether outlines a vision for a more equitable political economy, advocating for universal programs that offer substantial material benefits to the working class. His core belief is in the necessity of initiatives like Medicare for All, tuition-free college, a Post Office Bank, a Jobs Guarantee, and a Debt Jubilee,…...

The Emergence and Impact of GLP-1 Receptor Agonists on Obesity Management Drugs known as GLP-1 Receptor Agonists (GLP-1RAs), such as Ozempic, Mounjaro, and Wegovy, have surged to prominence in the pharmaceutical industry, heralded for their capabilities in facilitating weight loss. Initially developed for the treatment of Type 2 diabetes mellitus…...

As the U.S. presidential election approaches, market analysts have observed a significant increase in the volatility of currency markets. On Wednesday, gauges measuring expected fluctuations in currency values surged, indicating heightened uncertainty among investors about potential shifts in economic policy and the implications for the U.S. dollar. Notably, the single-week…...