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Two Views On A Wealth Tax

Will a U.S. wealth tax make the economy less dynamic? Or would it make Americans happier?

Mexico's Pemex Problem

National pride in the state-owned oil company helped elect a populist president. A year later, his plans for Pemex aren’t satisfying investors or citizens

Guo Shuqing Has The Toughest Job In Global Finance: Taming China's Gargantuan Banking System

WALKING A $40 TRILLION TIGHTROPE

Getting Comfortable With Chaos

Can Doyne Farmer’s scientific bag of tricks help economists and central bankers better understand the nature of risk?

The Woman Trying To Shake Up Israel's Financial System

Israel is known for tech innovation, but its banks have a lot of catching up to do.

A Tech Veteran's Search For Green Fields

Ben Rosen has had several careers—technology analyst, early venture capitalist, entrepreneur—any one of which would have made him notable.

Nigeria's Missing Mobile Banking App

Every Month, Ifeyinwa Abel, the secretary of a Pentecostal church in Lagos, spends as much as a quarter of her salary sending money to pay for diabetes drugs to her mother 430 miles away in Abia Ohafia, a small agricultural village.

Paytm's Sharma Is Ready To Take On The World

Vijay Shekhar Sharma, 41, founded closely held One97 Communications and its brand Paytm (rhymes with ATM) almost two decades ago.

Fish Farms Are Now Hosting Almost 9% of China's Solar Power Panels

Workers at a solar farm outside Yueyang City on July 2. Panels are installed at a height that allows fishery vessels to pass underneath.

Coal Won't Die In Pakistan And China!

As this vast mine in Pakistan’s Thar Desert attests, the world’s No. 1 cause of carbon emissions will be a major source of electricity for decades, despite the outcry against it

Big Money Takes A New Approach To Climate Change Activism

Earlier this year, one of Meryam Omi’s deputies at Legal & General Investment Management sat down with board members and managers from Exxon Mobil Corp. to discuss how the oil giant could address climate change.

Nasdaq's Adena Friedman On IPOs, Unicorns, And Roundhouse Kicks

Nasdaq’s Adena Friedman On IPOs, Unicorns, And Roundhouse Kicks

The Case Of Malaysia's Missing Money

The near collapse of a state-owned company has rocked the government, rattled investors, and stirred public outrage.

How Goldman Sachs Became A Tech-Investing Powerhouse

The inside story of how - and why - Goldman Sachs became a tech-investing powerhouse.

Deal Man In The Stans

Private equity investor Aidan Karibzhanov is chasing riches in the rough-and-tumble former Soviet Republics of Central Asia.

The Chinese Are Skipping Cash For Fintech

The Chinese are skipping straight from cash to digital finance.

What JPMorgan's Marko Kolanovic Is Looking At Now

People pay attention to Marko Kolanovic.

Mark Carney: 'Within Nine Months, We Could Have A Disorderly Brexit Stress Test'

Mark Carney seemed revolutionary enough in 2013 when he became the first non-British citizen to be appointed governor of the Bank of England. But the 53-year-old has since had to contend with a much greater upset: the U.K.’s vote to leave the European Union. Now he reveals that he spends half his time preparing the financial system and economy for Brexit, which takes effect in March. Born in Canada’s remote Northwest Territories and educated at a public school in Edmonton, Carney graduated from Harvard and Oxford before working at Goldman Sachs Group Inc. and the Canadian finance ministry. In early 2008 he became the eighth governor in the Bank of Canada’s history, winning praise for his quick reaction as the financial crisis developed. He succeeded Mario Draghi as chairman of the Financial Stability Board (FSB) in 2011, becoming the point man on global financial system reform. At the Bank of England, Carney has juggled Brexit, negotiating new regulatory standards, and adapting the 324-year-old institution to its expanded supervisory responsibility. As the BOE’s 120th governor, he says some disruption was in order. “You don’t need an outsider all the time, but at the time it helped.” 

The New Keynesian' Fed

The U.S. central bank’s new leaders developed an economic model from the inflation lessons of the 1980s. But is it right for today?

Your Guide To The Next Recession

With the global economy coming off its best performance in six years, it may seem strange to be speculating about the next recession. But when it comes to investing—and policy making—it pays to think ahead. In the following pages, we lay out some potential causes and warning signs of a downturn and why, if one occurs, it could end up lasting for a while.

Guilherme Benchimol's XP, The Charles Schwab Of South America, Is Changing The Way Brazil Invests

FOR ALMOST THREE DECADES, Wilson Feldberg kept his money in low-risk investments at Brazil’s biggest bank.

After Grabbing FX Market Share, XTX Looks To Expand Its Electronic Empire

The biggest traders in foreign exchange gathered last May in a converted Victorian bathhouse in London.

Rick Rieder Obsesses About Risk (And A Few Other Things)

RICK RIEDER FREQUENTLY describes himself as “maniacal.” And he’s not alone. BlackRock Inc.’s chief executive officer, Larry Fink, agrees.

Building A New New York

NEW YORK IS A CITY of icons, and nowhere is its iconography more apparent than at the nexus of real estate and Wall Street.

Would You Buy 7 Percent Bonds From This Guy?

LUIS CAPUTO IS GETTING frustrated with the bond market.

Issuers Trying To Mask Distress Can't Hide From Matt Fabian

THE $3.8 TRILLION U.S. municipal bond market is home to more than 50,000 individual issuers. That’s almost 10 times the number of corporations that sell debt.

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The Bank Of Japan's Voracious Appetite Has Paralyzed The Government Bond Market

Japan’s Ministry of Finance went to the trouble of creating a cute little mascot to sell government bonds. But there’s only one buyer that counts: The Bank of Japan. That’s not about to change—despite rising criticism of current stimulus policies.

Yes, But Do You Know Any Women?'

These three women are the first female global chief economists at the banks they work for. But don’t break out the Champagne just yet

Natalie Jaresko: ‘Don't Waste A Crisis'

Natalie Jaresko, who’s helping manage Puerto Rico’s bankruptcy process, knows more than most about the risks government borrowers can face.