PROVIDENCE, R.I. (Project Syndicate)—This week’s United Nations Climate Change Conference (COP27) in Egypt highlights the growing consensus that multilateral cooperation is necessary to avert environmental catastrophe. But with geopolitical tensions…
Medical cannabis maker Cantourage soared in its debut in Frankfurt on Friday. With the ticker symbol “HIGH,” shares of the Berlin-based company HIGH, +136.11% rose as high as €19.70 after…
Gold prices on Friday held ground at their highest levels since August as expectations that the Federal Reserve might slow the pace of interest-rate hikes in December have helped to…
For President Joe Biden, tapping the Strategic Petroleum Reserve to lower gasoline prices RB00, +1.28% —along with pardons for federal marijuana possession convictions and forgiving student debt—was a key midterm election strategy. He…
Sam Bankman-Fried, co-founder at crypto exchange FTX, tweeted Friday that he was “shocked to see things unravel the way they did,” after he quit as chief executive and the company…
The stock market remains open Friday, Nov. 11, the Veterans Day holiday in the U.S., even through it counts as a holiday for the $53 trillion American bond market. That…
BOSTON (Project Syndicate)—China highlights a long-debated question about economic development: Can a top-down autocracy outperform liberal market economies in terms of innovation and growth? Between 1980 and 2019, China’s average…
Ascend Wellness Holdings Inc. and Ayr Wellness Inc. posted wider losses but signaled that their businesses remain sound as they eye revenue growth ahead despite economic headwinds. Ascend Wellness AAWH,…
Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX since April…
The numbers: Consumer sentiment soured in November, hitting its lowest level since July as Americans contended with continued inflation and a worsening economic outlook. The University of Michigan’s gauge of…