Yves begins by expressing his ambivalence toward the Nobel prizes, particularly due to the influence of the Swedish Central Bank’s Prize in Economic Sciences, which he feels promotes elite-serving orthodoxies, leading to a lack of enthusiasm. He introduces a critique by Jomo Kwame Sundaram, a former UN Assistant Secretary General…...

The Bank of Japan (BOJ) is preparing to maintain its ultra-low interest rates during an upcoming meeting, while signaling a shift towards a less dovish policy stance in light of improving economic conditions and reduced recession fears in the U.S. The central bank has previously concluded an extensive stimulus program…...

Helix Biopharma Corp. (HBPCF), a Toronto-based biopharmaceutical company, recently announced its financial results for the fiscal fourth quarter, revealing a net loss of $3.9 million. This loss translates to 8 cents per share, highlighting challenges the company faced during the quarter. The reported figures underscore ongoing financial pressures, which are…...

In the third quarter, Brazilian mining giant Vale reported a 15% decline in its net profit compared to the same period last year, highlighting the challenges facing the iron ore sector. For the quarter ending in September, Vale’s net profit reached $2.41 billion. This figure surpassed market expectations, as analysts…...

In its third-quarter financial results released on Thursday, Capital One reported a modest 1.6% increase in profit, underscoring the bank’s ability to navigate challenging economic conditions thanks to elevated interest rates. The rising interest environment has benefited consumer lenders like Capital One, allowing them to earn more from customers repaying…...

In Lambert Strether’s thoughtful critique, he delves into the troubling developments surrounding the ongoing outbreak of Bird Flu (H5N1/HPAI HN51) and its implications for public health and agricultural policy. Echoing a sentiment of deep concern, he acknowledges the lessons, or lack thereof, from past pandemics like COVID-19 as he examines…...

In a significant development following the Baltimore bridge collapse, the owners and managers of the cargo ship responsible have reached a settlement with the Justice Department amounting to over $100 million. This agreement comes in response to a lawsuit filed by the Justice Department against Grace Ocean Private Ltd., the…...

In the current political landscape, with just weeks to go before the 2024 presidential election, various factors are shifting the dynamics between the candidates, particularly President Trump and Vice President Kamala Harris. Recently, poll averages indicate a notable momentum towards Trump, even within key battleground states like Wisconsin. This trend…...

During a press conference amidst the IMF and World Bank annual meetings in Washington, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), raised alarms about the global economic landscape, warning of a stagnant low-growth, high-debt condition that could severely limit governments’ ability to enhance citizens’ opportunities and…...

In September 2023, new single-family home sales in the U.S. reached their highest level in nearly a year and a half, driven by a notable decrease in mortgage rates. According to data released by the Commerce Department’s Census Bureau, sales surged by 4.1% to a seasonally adjusted annual rate of…...

Allianz is currently exploring several strategic options for its Allianz Global Investors (AllianzGI) unit, including a potential merger or a partial sale. This consideration arises from a desire to enhance the scale and operational efficiency of the asset management business. With AllianzGI managing approximately 555 billion euros (about $560 billion)…...