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Chinese Exports Fall at Steepest Pace Since February 2020
Slide in outbound shipments reflects China’s fraying trade ties with the Western world, even as exports to Russia boom. Source link
Efforts to Spotlight Private Equity's Healthcare Stakes Struggle for Traction
Congress and regulatory agencies have made scant headway in requiring medical companies to reveal owners. Source link
Rising Money Flows, Fueled by Record Migration, Prop Up Autocrats
Remittances to the developing world hit record $647 billion, aiding the poor but helping keep strongmen from Nicaragua to Tajikistan in power African migrants recently sailed
New Definition of 'Fraud' Wipes Out High-Profile Prosecutions
Fraud doesn’t mean what it used to—and several high-profile federal prosecutions are falling apart as courts apply the Supreme Court’s more-narrow legal definition. Source link
U.S. Steelmakers Are Still Expanding as Demand Slows
Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand. Source link
Fitch Downgrade Won't Break Washington's Tax, Spending Habits
Republicans and Democrats aren’t likely to cut entitlements or raise taxes, leaving debt problems untouched. Source link
Crypto Rules Delay Puts Billions in Tax Revenue at Risk
Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law. Source link
The West Attacked Russia's Economy. The Result Is Another Stalemate.
Economists expect sanctions to cause Russia to stagnate in the years ahead but the West’s failure to quickly bring the Russian economy to its knees
Fitch Downgrades U.S. Credit Rating
The agency said that the downgrade reflects an “erosion of governance.” The rating on the U.S. now stands at AA+, or one notch below the
Yellow's Shutdown Could Cost Taxpayers Money
Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by