UBS lowers Rithm Capital stock price target on valuation update

American global economic dominance has been clear for at least the last 110 years of its 250-year history, and it was widely foretold for half a century before that. It was never just about scale, even if sometimes it seemed that way. Nor was it ever truly about laissez-faire free markets or equal opportunity, even…

MUFG’s Halpenny notes that EUR/USD remains capped near its 200-day moving average at 1.1630 and is 2.5%-3.0% overvalued in the bank’s short-term model. He warns that energy-driven growth risks and broader inflation pressures could weaken yield support for the Euro, leaving it vulnerable to underperformance. Euro faces technical and macro headwinds “The worsening US dollar…

The world is undergoing a historical and cultural rupture. Just as Hollywood and other American exports once gave the rest of the world a glimpse of modern life and the future that awaited them, China is now doing the same for African, Latin American, and even American young people. BERLIN—For much of the 20th century,…

Consider a referee report containing the sentence: “Assignment to treatment was voluntary, though the authors acknowledge this as a limitation in the conclusion.” The Editor would summarily reject. Now replace “assignment to treatment” with “entry into the experimental sample,” and the sentence describes the modal published experiment. This study shows that both biases are the…

22 March 2027 – 23 March 2027 Banca d’Italia – Rome Banca d’Italia hosts the 7th Conference on ‘Diversity, Equity and Inclusion in Economics, Finance and Central Banking‘, jointly organized with the European Central Bank, the Bank of Canada, the Bank of England, Banco de España and Banque de France. The conference aims to foster…

We thank Nick Barberis, Ray Fisman, Caroline Flammer, Xavier Gabaix, Janet Gao, Stefano Giglio, Niels Gormsen, Ben Hebert, Andy Howard, Philipp Krüger, Matt Levine, Hao Liang, Lubos Pastor, Jeff Pontiff, Adriano Rampini, Andrei Shleifer, Eric So, David Solomon, Amir Sufi, Luke Taylor, Neng Wang, Ayako Yasuda, as well as seminar participants at Alix Partners, American…