The waning of active funds is drying up the IPO market
The natural buyers of new equity have suffered relentless outflows
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The revolt against over-management
In politics, media and sport, the advantages of looseness are becoming clear
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Donald Trump promised to tackle cost-of-living crisis—now he’s risking inflation by demanding interest rates drop ‘immediately’
Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the Federal Reserve, Trump could reignite inflation.
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Starbucks barista says his store has a ‘panic button’ behind the counter, but fears it won’t be enough to quell angry customers after open-door policy reversal
Some baristas anticipate an increase in customer altercations due to a new policy requiring an item purchase to use the bathroom or hang out in stores.
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Trump won’t deliver on maximum tariff pledges, says his former commerce secretary—merely making the threat is enough
EXCLUSIVE: Wilbur Ross, who served as commerce secretary in Trump’s first cabinet, said the president will not have to follow through on tariff threats.