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China’s capital city Beijing battles Covid with more apartment lockdowns

BEIJING — China's capital city is grinding to a near standstill as Covid controls spread.More and more apartment compounds in Beijing on Friday forbade residents from leaving for at least a few days. That's on top of a growing number of bans on...

Credit Suisse shareholders greenlight $4.2 billion capital raise

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021.Arnd Wiegmann | ReutersCredit Suisse shareholders on Wednesday approved a 4 billion Swiss franc ($4.2 billion) capital raise aimed at financing the embattled lender's massive strategic...

Labor or Capital Driven Inflation?

  My views on inflation continue to evolve: I was correct in identifying inflation during the mid-2000s; during the post-crash 2010s I remained appropriately skeptical about rising prices. The price dynamic during and after the pandemic appeared to be troublesome but my expectations were...

Devon third quarter beat on back of solid capital discipline

Club holding Devon Energy (DVN) beat sales and earnings forecasts when it reported third-quarter results Tuesday, highlighting the oil-and-gas producer's capital discipline and ability to generate cash amid a volatile oil market. Total revenue climbed about 57% year-over-year, to $5.43 billion, exceeding analysts' expectations...