Global investors that hold China Evergrande Group ’s dollar bonds are trying to determine what recourse they have after the embattled real estate giant skipped $83.5 million in coupon payments […]
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Back to news homeSEC Taps Dan Berkovitz to Serve as General Counsel
WASHINGTON—The Securities and Exchange Commission said it has hired a former aide to Chairman Gary Gensler to serve as its top legal officer. Dan Berkovitz, who announced plans earlier this […]
Entitlements for the Affluent
President Biden is trying to rescue his $3.5 trillion tax and spend plan by playing the class card, claiming it will help “working people” who are “struggling” to pay the […]
Joe Biden’s Lose-Lose Week
Who says bipartisan consensus isn’t possible in today’s Washington? Right now the Beltway consensus is that this is a make-or-break week for Joe Biden. The goal is getting the House […]
Aukus Is the Indo-Pacific Pact of the Future
International summits almost inevitably end in grandiose joint communiqués, most of which are quickly forgotten. This month’s announcement of the Aukus partnership by President Biden, British Prime Minister Boris Johnson […]
FedEx, Stitch Fix, BlackBerry: What to Watch When the Stock Market Opens Today
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U.S. Stock Futures Rise as Fears Over Evergrande Ebb
U.S. stock futures rose as concerns over giant property developer China Evergrande Group eased somewhat and investors awaited an update from the Federal Reserve on its plans to dial back […]
Russia’s New Gas Pipeline to Germany Delivers More Power to Moscow
Foreign-policy hawks worried that the new Nord Stream 2 gas pipeline from Russia to Germany would increase Moscow’s leverage over Europe. The first weeks after the pipeline’s completion are doing […]
The Enormity of Manchin’s Skinny H.R.1
Democrats negotiating with Sen. Joe Manchin have drawn up a compromise voting bill. Their initial proposal, H.R.1, aimed to federalize U.S. elections, and parts of it looked unconstitutional. That bill […]
The Destructive Legacy of the Great Society
The Democrats’ $3.5 trillion proposal to expand the U.S. safety net is being described as a make-or-break moment for the Biden presidency. Regarding electoral politics in the short term, that […]