Economy

Bitcoin

First Mover: Bitcoin Investors the Sane Ones as Federal Reserve Cheers Inflation, Price Nears $11K

Cryptocurrencies' 2020 gains are the truth gauge as markets react to the Federal Reserve's inflation goal, where Zimbabwe is the model of success.

Markets  ·  15 September 2020
China

The Business of Geopolitical Competition

As Oracle wins a bid for TikTok US, a look at how tech competition, culture competition and currency competition shape the business of geopolitics.

People  ·  14 September 2020
Podcasts

Is Being the ‘Saudi Arabia of Money’ Good for America?

A reading of “How to Diagnose Your Own Dutch Disease,” a look at the problems of America’s dollar trade.

People  ·  13 September 2020
Surveillance

The Raw, Savage Capitalism of Open-Source Protocols

Recapping the biggest stories of the week, including Joe Biden’s China plan, a market holding pattern and, of course, the strange competitive saga of SUSHI.

People  ·  12 September 2020
Podcasts

How Monetary Policy Undermined American Resilience

A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices.

People  ·  10 September 2020
Bitcoin

First Mover: DeFi ‘Vampire’ SushiSwap Sucks $800M from Uniswap; BitMEX Basis Lags

SushiSwap, the "vampire mining" protocol, sucked more than $800 million from rival Uniswap in the latest DeFi mind-bender. PLUS: BitMEX futures distortions.

Markets  ·  10 September 2020
Podcasts

‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible

The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.

People  ·  9 September 2020
Opinion

Banks Are Toast but Crypto Has Lost Its Soul

In becoming a high-risk, high-yield playground for dollar investors, the cryptocurrency world sold out, says our columnist.

Policy & regulation  ·  8 September 2020
Bitcoin

First Mover: Buying Bitcoin’s Dip, Betting Against Tether and Weighing the Jobs Report

Crypto traders appeared to be buying the dip after Thursday's 11% plunge. ALSO: There's a contract for that: How to hedge Tether's credit risk.

Markets  ·  4 September 2020
Podcasts

People Aren’t Buying the ‘Great American Recovery’ Narrative

Despite the stock market returning to all-time highs, many can’t shake the feeling that all is not well in the economy.

People  ·  22 August 2020
COVID-19

Welcome to the Groundhog Day Economy (PS, It Sucks)

As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.

People  ·  27 June 2020
Donald Trump

6 Things Jobless Claims Tell Us About the State of the Real Economy

Persistent unemployment and fears of further layoffs are the real economic counterpoint to the financial market’s unbridled enthusiasm.

People  ·  18 June 2020
Bitcoin

Bitcoin Jumps 12% as Fed Keeps Money Flowing and US Economy Shrinks

"It's clear that the effects on the economy are severe," said Federal Reserve Chair Jerome Powell. "We won't run out of money. It's an unlimited pot."

Markets  ·  29 April 2020
Banks

US Treasury Approves Square as Coronavirus Stimulus Lender

Square, the bitcoin-friendly company behind Cash App, announced Monday it is participating in the U.S. government’s emergency Paycheck Protection Program.

Business  ·  13 April 2020
Digital Dollar

House Stimulus Bills Envision ‘Digital Dollar’ to Ease Coronavirus Recession (Updated)

Proposed legislation meant to shore up the U.S. economy during the coronavirus pandemic includes a recommendation to create a digital dollar.

News  ·  23 March 2020