As the looming November 5 US presidential election approaches, Japan’s yen may surprise investors seeking a safe haven amid market volatility. Despite its struggles this year, recent data from Bloomberg indicates that the yen has historically outperformed other traditional safe assets like the Swiss franc, gold, and Treasuries during prior…...

In a significant legal development in Brazil, the country’s Collective Defense Institute has initiated two lawsuits against the Brazilian branches of popular social media platforms TikTok, Kwai, and Meta Platforms, which is the parent company of Facebook, Instagram, and WhatsApp. The lawsuits collectively seek a staggering 3 billion reais, equivalent…...

This article by Lambert Strether draws attention to the potential implications of a Trump victory in the upcoming 2024 elections and explores the strategic considerations that the Democratic Party might adopt to prevent such an outcome. Citing Abraham Lincoln’s warning about the approach of danger, Strether reflects on the current…...

In a significant legal ruling, Stavros Papantoniadis, the owner of Stash’s Pizza, a small chain of pizzerias in the Boston area, has been sentenced to 102 months in prison for engaging in forced labor practices against employees who were undocumented immigrants. Convicted for three counts of forced labor and three…...

Walmart has made a strategic move ahead of the holiday shopping season by slashing the price of its Walmart Plus membership by 50%. The discount brings the annual membership fee down from $98 to $49 and will be available from Monday through December 2. This initiative underscores Walmart’s intent to…...

In this edition of Water Cooler, Lambert Strether shifts focus predominantly to the political landscape, especially with the U.S. elections just a week away. He humorously notes the chaotic nature of interpreting polling data, emphasizing the uncertainties that plague the predictions regarding voter turnout and undecided voters in swing states.…...

Jamie Dimon, the CEO of JPMorgan Chase, recently expressed his strong opposition to various regulatory initiatives affecting the banking sector at a conference in New York. He focused on capital rules, card payments, and the concept of open banking, highlighting that these regulations might be detrimental to both financial institutions…...

Trump Media & Technology Group stock (DJT) has recently experienced a significant surge, soaring as much as 20% on a Monday following a high-profile rally led by Donald Trump at Madison Square Garden over the weekend. This uptick has been attributed to growing investor confidence regarding Trump’s prospects in the…...

In examining the potential economic ramifications of a second Trump term, researchers Sören Karau and Johannes Fischer highlight significant uncertainty surrounding the prospective outcomes. The authors investigate how financial market participants perceive the implications of Trump winning the upcoming presidential election. Evidence suggests that heightened odds for a Trump victory…...

Boeing is currently navigating a significant financial challenge, culminating in its decision to initiate a stock offering aimed at raising approximately $19 billion. This maneuver comes in the context of ongoing liquidity issues exacerbated by a contentious strike affecting the company’s operations. The aerospace giant has announced its intention to…...

Microsoft is facing a challenging outlook as it prepares to announce quarterly revenue figures that are expected to reflect its slowest growth in the past year. Investors are particularly keen to understand the demand for artificial intelligence (AI) technologies amid increasing concerns regarding the anticipated returns on the substantial investments…...