Hawaiian Electric warns some customers could face weeks or months without power after Lala
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Intel Costs 62 Times Next Year's Earnings. It Lost $11 Billion Over the Past Year.
Key PointsIntel's $11.3 billion trailing-12-month net loss mostly reflects non-cash items, including a $12.5 billion mark-to-market charge on escrowed shares in the second quarter.
A well-intentioned budget
Facing tumbling approval ratings and economic pushback, President Prabowo Subianto pivots to fiscal discipline in his latest budget—but delivering on his ambitious promises will be the real test.
Hedge Fund Tax Break Grips Hong Kong as Banks Fear Exodus
Hong Kong’s move to cut taxes for hedge funds has set off a frenzied wave of maneuvering across the city’s financial sector, with investment banks fearing an exodus of prop traders and one fund even…
The rising price of a cheap renminbi
China’s real exchange rate fell by 14% in 2021–25, while the country’s officially reported current account surplus rose to 3.8% of GDP.
What That $20 Burrito Says About the Psychology of Inflation
It’s the psychology of inflation that sparks outrage over a $20 burrito.