The U.S. Dollar is trading higher against a basket of currencies on Monday as investors position-themselves ahead of the release of the June U.S. consumer price inflation (CPI) report on Tuesday. Economists polled by Reuters expect U.S. core consumer inflation in June to have risen 0.4% from May and 4.0% from a year earlier after...Read More

Good morning. I couldn’t think about bonds any more so I tried to get down some thoughts about a what a government push to increase market competition might mean for markets. A very slippery area, where I’d be keen to hear your arguments: email them to me at Robert.Armstrong@ft.com. Is competition bad for stocks? Charles Wilson, chief...Read More

VENICE — Treasury Secretary Janet L. Yellen said on Sunday that she was concerned that coronavirus variants could derail the global economic recovery and called for an urgent push to deploy vaccines more rapidly around the world. Her comments, made at the conclusion of a gathering of the finance ministers of the Group of 20...Read More

JOHANNESBURG, July 11 (Reuters) – Shops were looted overnight, a section of the M2 highway was closed and stick-wielding protesters marched through the streets of Johannesburg on Sunday, as sporadic acts of violence following the jailing of former South African President Jacob Zuma spread to the country’s main economic hub. The unrest had mainly been...Read More

Dollar Tree Inc. is famous for selling most of its products—from a pair of flip flops to a small bottle of detergent—for a dollar apiece. The strategy, which draws in loyal shoppers looking for bargains, has left the discount chain with less room than rivals to manage rising costs this year. The Covid-19 pandemic has...Read More

“For the United States, it’s going to be a fundamental shift in how we choose to compete in the world economy,” Ms. Yellen said. “Not a competition based on rock-bottom tax rates, but rather on the skills of our work force, our ability to innovate and our fundamental talents.” Policymakers continue to grapple with what...Read More

Paul Constant is a writer at Civic Ventures and cohost of the “Pitchfork Economics” podcast with Nick Hanauer and David Goldstein. In the latest episode, they spoke with JP Julien, head of McKinsey & Company’s Institute for Black Economic Mobility.  Julien says eliminating racial wealth disparities and unlocking women’s economic potential  could add trillions to the US...Read More

The U.S. economy is so strong that its neighbors, too, are getting a boost. Businesses and consumers are buying more products from Canada and Mexico, and Americans flush with savings are going back to traveling and sending more money across the southern border, helping to bolster two countries whose economies were hit hard by Covid-19...Read More

The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in the previous week and at N490 a month earlier. According to naijabdcs.com, the Central Bank of Nigeria’s official rate for the BDCs, the dollar...Read More

U.S. President Joe Biden has signed an executive order to promote competition in the U.S. economy for the benefit of consumers. In remarks before signing the order Friday at the White House, Biden said the measure “commits the federal government to full and aggressive enforcement of our antitrust laws.” A major U.S. business group criticized...Read More