The author is C Fred Bergsten Senior Fellow of the Peterson Institute for International Economics In 2010, Giovanni Dell’Ariccia, Paolo Mauro and I argued for an inflation target of 4%. At the time, central banks overwhelmingly rejected the idea. The reason was not so much a disagreement with logic, but the perception of a risk …
Many centralized cryptocurrency platforms that have collapsed this year had one thing in common: a young, outspoken, and arrogant leader. Each has gained outsized influence not because of outsized intellect or talent, but because of their stacks of cash and large Twitter followings. And each time, misplaced confidence in their abilities has led to disastrous …
It’s time for crypto fans to stop supporting personality cults Read More »
It was reassuring to see some vintage favorites open for business at the latest incarnation of downtown Baltimore’s Lexington Market. The cobbler’s stand is open and there’s a hot dog vendor with frankfurters twirling on a grill. Physically, the market, which had a soft opening a few weeks ago, is a very different building from …
Comment this story Comment Elon Musk said Twitter would launch a verification feature with multicolored checkmarks, just weeks after the botched rollout of its paid blue check model, which had to be scuttled when impersonation accounts surged. Musk tweeted on Friday that “Verified” will launch in a week, this time with gold checkmarks for businesses, …
Musk is planning the Twitter tick feature again, this time with more colors Read More »
Dear MarketWatch, Along with a sibling, I own a 40+ bedroom rental property in the Caribbean, where we do weekly rentals. It is near the city center but needs repairs and renovations. Is it a good time to go to the bank for a renovation loan? We are also open to changing our business model. …
Nearly a decade after the term “unicorn” was coined, perhaps the best and brightest venture capital firms have finally outgrown what the ecosystem can handle. Their rise is the product of business models that generated growth with cheap money, and the financial conditions that made that model possible have changed profoundly. Starting in 2021 and …
Is it time to thin out the herd of unicorns? | PitchBook Read More »
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People warm up near the fires outside the main railway terminal in Lviv, Ukraine. Dan Kitwood | Getty Images News | Getty Images More than 10 million Ukrainians have fled the country since the start of the war, but many of those who have remained – particularly in the south and east of the country …
Once a Wall Street darling, Amazon has lost some of its luster this year. The e-commerce giant’s stock fell more than 40%, significantly underperforming the S&P 500, which fell about 15% over the same period. That’s not all. In a memo to staff on Friday, CEO Andy Jassy said the company had made the “difficult …
Amazon is down 40% this year – is it time to buy? Market pros give their opinion Read More »
Samuel Corum | Getty Images News | Getty Images For supporters of Congressional proposals aimed at improving the American retirement system, these few weeks promise to be difficult. Lawmakers return to Washington next week to complete the so-called lame session – the legislative period between the midterm elections and the new Congress, which begins Jan. …
