“Make yourself a sheep and the wolves will eat you”
Benjamin Franklin

Money

What are the consequences of the yen’s fall to a 20-year low?

The Japanese yen this week fell to levels against the U.S. dollar last seen in early 2002. The scale of the move has repercussions for...

Buy Now Pay Later business model faces test as rates rise

Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in...

U.S. household wealth declines for first time in 2 years in 1st quarter

U.S. household wealth declined for the first time in two years in the first quarter of 2022, edging down to $149.3 trillion as a...

As top U.S. retailers drown in goods, rotation to services picks up inflation slack

Major retailers like Target Corp and Walmart Inc may be cutting prices to clear overstocked warehouses, but for hotel operators the revenue is pouring...

Pipelines unclogged, but Canadian crude now faces U.S. Gulf Coast glut

After long being deeply discounted for years because of a lack of pipelines, Canadian heavy crude is finally trading like a "North American" grade,...

U.S. power use to rise in 2022 as economy keeps growing

U.S. power consumption was on track to rise to record highs in 2022 and 2023 as the economy grows, the U.S. Energy Information Administration...

Battered U.S. retailers’ draw bottom-pickers in the options market

Some options players are betting that this year’s selloff in the shares of retailers may be overdone, at least for the near term. Retailers' stocks...

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