Economy

Michael Milken says the Fed won’t move too early and risk massive inflation like the 1970s

Famed investor Michael Milken expects the Federal Reserve will move slowly on monetary policy — if history is any guide.…

House panel subpoenas Vanguard, Arjuna in ESG ‘collusion’ probe

WASHINGTON — A House panel subpoenaed The Vanguard Group and Arjuna Capital on Monday, the latest step in its yearlong…

Spanish economist picked to lead the EU’s massive lending unit lays out her priorities

The incoming head of one of the world’s largest development banks says it must become faster and more efficient in order…

‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says

Markets are confused over the odds of a U.S. recession, and “somebody has got it wrong,” according to hedge fund…

Argentine President Milei warns economic shock unavoidable in maiden speech

Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to…

EU agrees to landmark AI rules as governments aim to regulate products like ChatGPT

The European Union on Friday agreed to landmark rules for artificial intelligence, in what’s likely to become the first major…

The runway is getting clearer, but the U.S. economy still isn’t assured of a soft landing

November’s solid jobs report did not assure that the economy will come in for a soft landing, but it did…