Lambert Strether of Corrente provides a comprehensive analysis of the political climate as the United States approaches the 2024 presidential election. He opens with an exploration of recent polling data indicating that Vice President Kamala Harris’s campaign is struggling to gain traction, particularly among independent and swing-state voters. Harris’s diminishing…...

On a recent trading day, Nvidia surpassed Apple to become the world’s most valuable company, achieving a market valuation that briefly soared to $3.53 trillion, just above Apple’s $3.52 trillion. This surge can be attributed to the skyrocketing demand for Nvidia’s specialized AI chips, vital in today’s AI-dominated tech landscape.…...

In October, labor unrest significantly impacted the U.S. job market, primarily due to a strike involving Boeing factory workers. According to data from the Labor Department, approximately 33,000 employees at Boeing’s facilities in California, Oregon, and Washington state were rendered idle during the October payrolls survey period. This substantial number…...

The development of Neom, an ambitious real estate project spearheaded by Saudi Crown Prince Mohammed bin Salman, emphasizes a grand vision of a sustainable, futuristic city. The promotional narrative surrounding Neom employs striking visuals, lofty promises of environmental preservation, and technological advancements, notably bolstered by extensive marketing efforts from elite…...

The World Bank is set to embark on its inaugural debt-for-development swap, a move highlighted by Vice President and Treasurer Jorge Familiar in a recent interview with Reuters. This initiative is part of the World Bank’s broader strategy to assist countries grappling with liquidity issues. In conjunction with the ongoing…...

In response to rising inflation pressures, the Russian Central Bank made a significant decision to raise its key interest rate to 21%, the highest rate since February 2003. This move came during a news conference led by Central Bank Governor Elvira Nabiullina, who detailed the deliberations that preceded the decision.…...

In recent developments, concerns have emerged regarding Russia’s alleged efforts to disrupt U.S.-Mexico relations as the Kremlin reportedly seeks to leverage Mexico’s ruling party, Morena, which has historically shown anti-American sentiment. In an article by Dolia Estévez, these assertions rest on a purported document from the “Social Design Agency,” a…...

Lambert Strether articulates a perspective shaped by a belief in universal programs that provide substantial material benefits to the working class. He particularly emphasizes initiatives like Medicare for All, tuition-free college, and a Post Office Bank, along with the concept of a Jobs Guarantee and a Debt Jubilee. Strether argues…...

Rigaku Holdings Corp. made a disappointing debut in the stock market, with its shares declining by 10% from the initial offering price of ¥1,260 to ¥1,130 upon opening in Tokyo. This decline happened despite the company successfully raising approximately ¥112.3 billion ($739 million) through its initial public offering (IPO), which…...

The European Union (EU) and China have embarked on new negotiations to examine alternatives to tariffs imposed on electric vehicles manufactured in China. This development follows a recent video conference between EU trade chief Valdis Dombrovskis and Chinese Minister of Commerce Wang Wentao. The European Commission has confirmed that both…...

Japanese Prime Minister Shigeru Ishiba finds himself at a pivotal moment following a slush fund scandal that has rocked his ruling Liberal Democratic Party (LDP). After stripping support from a dozen of his party members, many of whom are running as independent candidates in the upcoming election, Ishiba’s recent actions…...