In Kosovo, the power goes off every six hours. It’s the first European country to suffer rolling outages as the energy crisis escalates. In an effort to avoid that fate, Europeans are taking colder showers, offices are turning down thermostats and stores are dimming their lights. In the UK, waiting…

The debate about whether the world’s largest economy is in a recession, or headed for a recession, or sufficiently robust to avoid a recession, just got even more complicated. Friday’s US employment report showed total payrolls at a record high, with companies adding twice as many workers as…

The auto industry is set to be transformed by the shift to electric vehicles from internal combustion engines and the introduction (any day now, trust me on this one) of fully self-driving automation that will turn drivers into passengers. Ferrari NV is reluctantly (and slowly) participating in the…

The Federal Reserve, the European Central Bank and the Bank of England all preside over inflation rates that have surged to quadruple their 2% targets. One of their brethren is highly skeptical of their chances of success in calming price increases. It may turn out that they’ve been lucky rather…

As the world shifts to paying for goods and services electronically, you’d expect the volume and value of paper currency in circulation to diminish. Surprisingly, though, bank notes are more in demand than ever. The combination of ultra-low interest rates around the world and pandemic-inspired…

The failure of active fund managers to beat their benchmarks during this year’s fervid markets reinforces the argument that many investors would be better off buying low-cost index tracking funds. That backdrop is providing a handy boost to asset management firms that have built a stable of passive…