Wise Group shares tank after U.S. bank charter rejected. What’s next for the fintech.
Wise Group shares fell as much as 11% on Friday as the U.K.-headquartered, U.S.-listed fintech had its application for a national bank charter denied.
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Monetary policy statement
Christine Lagarde, President of the ECB,Boris Vujčić, Vice-President of the ECB Frankfurt am Main, 23 July 2026 Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to keep the three key ECB interest rates unchanged. The outlook for energy prices, while highly volatile, currently stands close to…
China’s Threat to the World Economic Recovery | American Enterprise Institute
Herb Stein famously said that if something cannot go on forever, it will stop. If ever there was truth in this statement, it has to be in relation to China’s unbalanced economic growth model that relies excessively on investment and export-led growth. The real question is not whether the current Chinese economic growth model will…
Trump rings Wall Street opening bells and says the stock market ‘is going to go through the roof’
Trump used the occasion to promote the launch of “Trump accounts,” which are special investment accounts for children under age 18.
West Africa Needs Its Own Draghi Moment by Fernando Morra & Anahí Wiedenbrüg
Senegal’s debt crisis has exposed a deeper vulnerability within West Africa’s monetary union. Unable to devalue the shared currency, member countries must either endure painful internal adjustment or boost exports to earn the foreign currency they need to repay external creditors. GENEVA—Ever since the discovery of previously undisclosed liabilities revealed the true size of Senegal’s…
The Good, the Bad, and the Ugly in Global Tax Negotiations by José Antonio Ocampo
Ongoing negotiations at the United Nations offer the international community the best chance that it will have to ensure that global taxation authority is assigned fairly. With multinationals and the ultra-rich abusing the current system to minimize their tax payments, finalizing a new convention is an urgent priority. NEW YORK—On August 3, negotiators at the…
The Use and Misuse of Average and Marginal Energy Prices: Implications for Climate Policy
We thank Brian Copeland, Lucas Davis, Tatyana Deryugina, Jenya Kahn-Lang, Matthew Kotchen, Severin Borenstein, Stephanie Weber, Catherine Wolfram, and participants at the UC Berkeley Energy Camp for helpful discussions, Andrew Tang and Benji Reade Malagueno for excellent research assistance, and the Sloan Foundation through the Environmental and Energy Policy and the Economy series, the Cowles…
