As advances in generative AI continue, US policymakers should heed two lessons from the opening of trade with China. But that will require them to rethink the conventional wisdom about deindustrialization and the decline of manufacturing employment.
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The Australian Dollar (AUD) trades marginally lower against the US Dollar (USD) at around 0.6990 during the European trading session on Friday. The Aussie pair edges down as the US Dollar ticks higher amid fears that the United States (US) inflation could re-accelerate after slowing down in June. At press time, the US Dollar Index…
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…
Liquidity relief today, balance-sheet strain tomorrow: The very structures that make private credit nimble—PIK loans—could also mask risk until it’s too late. When GoHealth Inc. filed for Chapter 11 bankruptcy protection on June 7, the writing had been on the wall for two years. The Chicago-based health insurance marketplace had inked a payment-in-kind (PIK) deal…
Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.
Missed payroll expectations and revised April and May numbers put the Fed in a tough spot for rate cuts. June’s employment numbers showed almost no change from the previous month, as the Bureau of Labor Statistics reported a 4.2% unemployment rate and an estimated 57,000 nonfarm payroll jobs, roughly half the 115,000 economists expected. At…
WASHINGTON, DC—Few issues in the public square are uncontested. But the narrative that the United States’ decision, driven by elite considerations, to open trade with China led to the loss of a large number of manufacturing jobs and deindustrialization comes close. Democrats and Republicans, the mainstream media, commentators of all stripes, and even economists hold, advance, and defend this version of events. And yet every part of it is off base.