Economists aren't finding easy answers for the new era of free trade
One area on which economists generally agree is international trade. They have been staunch supporters of free trade, dating back to Adam Smith and David Ricardo. Throughout the postwar period, their guiding principle has been that the benefits of trade outweigh the costs, but some leading economists are rethinking this premise in light of the […]
Era of near-zero interest rates likely over: Powell
Federal Reserve Chairman Jerome Powell said on Wednesday that the era of ultra-low interest rates that lasted from the 2008 financial crisis through the pandemic is likely over, and that the neutral interest rate for achieving 2% annual inflation has probably risen. Testifying before the House Financial Services Committee, Powell said the central bank’s interest […]
Paramount, Skydance merger deal ends Redstone era
Skydance Media and Paramount Global (PARA.O) have signed a new deal and agreed to merge, the companies announced late on Sunday, marking a new chapter for one of Hollywood’s oldest studios. The two companies agreed to a two-stage process in which Skydance and its deal partners would acquire National Amusements, the company in which the […]