“America has progressed from infancy to senility without passing through a period of maturity.” So said a character in one of Ian Fleming’s short stories in 1960. He was wrong then – or, was he, as so

The dots appear to contradict one another, puzzling observers. How to connect them? Inflation over the last five years has been double the Federal Reserve’s target. Why then, does it cut its key lendi

Issue of the week: presidential largesse What ...

The pros and cons of US companies changing from quarterly to half-year results

Poor Donald Trump. There are two major parts to the US president’s political programme: tariffs and deportations. Both are in trouble with the law. Federal judges have blocked him from swiftly deporti

Is gold the trade of the decade? The yellow metal has soared 40% this year in US dollar terms, making more than 30 successive record highs along the way. It has gained 135% since January 2020, outstri