Bethlehem Steel was the lifeblood of Pennsylvanian town's economy, and a major contributor to American manufacturing during the 20th century. But when the local plant closed in the 1990s and the company went bankrupt in the early 2000s, Bethlehem’s economy didn’t crater. It pivot ...Show more
Jamie Dimon succession race narrows
The race to succeed JPMorgan Chase chief executive Jamie Dimon just got tighter, and the investment chief at insurance group Allianz is warning that the SpaceX bond sale signals markets are in ‘bubble territory’. Plus, the US Supreme Court shielded German pharmaceuticals group Ba ...Show more
Recommended Episodes
Inflation falls - but what might it mean for interest rates?
The price of everyday things - mainly food - is now rising at the lowest level since 2021. Official data shows inflation eased last month to 3.2% - down from 3.4% - but the fall was slightly less than economists expected. On the Daily, Niall Paterson looks at what's going on ...Show more
For over a decade, America’s central bank has had an inflation target of 2%. On Wednesday, the Federal Reserve announced that it would keep its main interest rate unchanged in order to try and get inflation to that magic number. But what if the Fed is thinking about inflation all ...Show more