Boom or bust? The case for and against panicking about 5% yields
The most important number in the economy has hit its highest level since 2007, and Wall Street can’t decide if this is good or bad. That number is the 10-year…
Finance
‘U.S. trade policy is damaging the U.S. auto industry’: Canada’s purchase of American cars hits new low as Trump’s tariffs backfire on U.S. automakers
A decade ago, nearly half of new cars hitting Canadian roads were built in America, but after months of restrictive U.S. tariffs, the number of Big Three autos purchased from…
Rockefeller Foundation President: America is losing its global standing. Here’s how to fix it
As a philanthropy that believes in following the data, the Rockefeller Foundation has long supported surveys to help us understand how people feel about world events. But as an American,…
Temu axed its $1 billion network of fake influencer accounts on Meta
Temu appears to have largely stopped funding a network of fake accounts on Meta’s platforms in the days after it was first exposed by Fortune. Temu had spent nearly $1…
Trump made more than 1,100 trades in July alone—nearly 40 times Treasury Secretary Scott Bessent’s total for all of last year
President Donald Trump’s financial accounts made nearly 40 times as many trades in one month as those belonging to Treasury Secretary Scott Bessent, a Wall Street veteran with decades of…
Alice Walton got $33 billion richer last year without running a company. She’s building a tuition-free medical school instead
Alice Walton has been one of the richest women in the world for years. She came by her massive $100 billion-plus fortune by way of being part of the family…
Animoca’s Evan Auyang worked in finance and public transit before crypto—Why he thinks the blockchain should be more like a bus
Evan Auyang would like to talk about buses. The president of Animoca Brands has an odd resume for someone leading one of Hong Kong’s most prominent Web 3.0 startups: Finance,…
31-year-old millionaire sold his first business at 17 for over $100K—he lost it all in 15 months to bad investments: ‘I got cocky, I got arrogant’
Millionaire Timothy (or Tim) Armoo made his first fortune at 17, before he could even legally vote. He blew through every penny of it before he turned 19. “I made…
Vietnam is finally a FTSE emerging market—yet it’s the country’s banks, not its exporters, that’ll benefit most
Vietnam’s long-awaited upgrade to emerging market status is an “important milestone” for the country, experts say, yet they also warn that the inflow of foreign money will go toward companies…
China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat
China keeps growing its share of global cargo sales, indicating the Trump administration’s tariffs meant to punish the country are instead an obstacle that China has successfully navigated. China now…