!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
US strategic oil reserves have fallen to the lowest level since 1983. If the recent pace of drawdowns continues unchanged, the reserve would hit its “emergency floor” in about two to three months. The pace of drawdowns may be expected to slow, but it does indicate the unusual situation. How did this happen and what…
en English Economics Jul 10, 2026 Gene Frieda Unlike recent energy crises, today’s geopolitical shock is destroying supply rather than rerouting it, exposing the limits of the standard policy toolkit. Governments can mitigate its impact on those most exposed, but only…
Credibility is everything for Kevin Warsh. Congressional hearings this week showed how hard it will be for the new Federal Reserve chairman to keep it. Warsh had few, if any, major slip-ups amid intense questioning from Democrats — and supportive commentary from Republicans — in back-to-back days of testimony before the House and Senate on…
In The Theory of Moral Sentiments, Adam Smith explains that we want to establish a “mutual sympathy of sentiments.” We want people to agree with our views, and we want to agree with their views. Smith first expanded on this idea—that we are constantly searching for ways to cooperate with one another—in The Theory of…
Retail Sales in the United States (US) rose by 0.2% on a monthly basis in June to $768.6 billion, the US Census Bureau reported on Thursday. This print followed the 1% increase recorded in May and came in line with the market expectation. On a yearly basis, Retail Sales were up 6.7%. “Total sales for…
As the world’s biggest sporting event closes, a look at the multi-billion dollar legacy left in Doha. This article appears in the July/August 2026 issue of Global Finance Magazine. Three and a half years ago, the FIFA World Cup kicked off in Doha, at a stadium inspired by a traditional Bedouin tent. The opening ceremony featured…