US central bank chief expected to take wait-and-see approach to economy | US economy

[ad_1] The resort of Jackson Hole in the Grand Tetons will be the focus of intense financial market interest on Friday as the head of the US central bank, Jerome Powell, gives his update on the health of the world’s biggest economy. Expectations that Powell will provide a timetable for the scaling back of the … Read more

The party’s over: China clamps down on its tech billionaires | Chinese economy

[ad_1] In a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. “The rich data he used demonstrated that … unrestrained capitalism accelerates wealth inequality … [His] conclusion is worth us pondering on.” Back then, Piketty’s work on … Read more

FDA vaccine approval good news for markets, employment, economy

FDA vaccine approval good news for markets, employment, economy

[ad_1] The decision Monday by the Food and Drug Administration to grant full approval to Pfizer-BioNTech’s two-dose vaccine pushed markets higher, boosting the Dow Jones Industrial Average by 300 points and propelling the S&P 500 and the Nasdaq to fresh highs. Investors appeared to express confidence the move could represent an inflection point for the … Read more