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Investments and Business

What’s Happening in the Bond Market?

Evan Harrington

The interest rates on mortgages, credit cards and business loans have shot up in recent months, even as the Federal Reserve has left its key rate unchanged since July. The…

Investments and Business

Why U.A.W. President Shawn Fain Has Taken a Hard Line

Evan Harrington

When Shawn Fain sought the presidency of the United Automobile Workers union last year, he ran on a platform that promised: “No corruption. No concessions. No tiers.”That pledge encapsulated many…

Investments and Business

Justice Thomas’s R.V. Loan Was Forgiven, Senate Inquiry Finds

Evan Harrington

The terms of the private loan were as generous as they were clear: With no money down, Justice Clarence Thomas could borrow more than a quarter of a million dollars…

Investments and Business

Biden Seeks to Tame Oil Prices if Mideast Conflict Sends Them Soaring

Evan Harrington

Biden administration officials, worried that a growing conflict in the Middle East could send global oil prices soaring, are looking for ways to hold down American gasoline prices if such…

Investments and Business

Sam Bankman-Fried Set to Testify at His Fraud Trial

Evan Harrington

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, is planning to testify at his criminal fraud trial in Manhattan, his lawyer said on Wednesday.The lawyer, Mark Cohen, confirmed…

Investments and Business

New Normal or No Normal? How Economists Got It Wrong for 3 Years.

Evan Harrington

Economists spent 2021 expecting inflation to prove “transitory.” They spent much of 2022 underestimating its staying power. And they spent early 2023 predicting that the Federal Reserve’s rate increases, meant…