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Britain’s Gamble on Tax Cuts has Economists Warning of Past Mistakes

Liz Truss, Britain’s new prime minister, defended her plan in the face of stiff criticism from the International Monetary Fund and others.  » mehr lesen

David Gottesman, Wall St. Power and Warren Buffett Partner, Dies at 96

He founded the investment house First Manhattan and, after befriending him in the 1960s, pursued enormously lucrative deals with Mr. Buffett.  » mehr lesen

FDA Approves ALS Treatment Despite Questions About Effectiveness

The drug is safe, and one trial found it may extend survival and slow paralysis in functions like muscle control and speaking. A larger trial will be completed in 2024.  » mehr lesen

Porsche Takes off in Trading Debut

Shares in the sportscar maker gained on Thursday, outperforming the wider market.  » mehr lesen

Stocks Drop as Focus Shifts Back to a Potential Recession

Investors are worried about a global slowdown as central bankers take a hard line against inflation, looking to cool the economy by raising interest rates.  » mehr lesen

Porsche Shares Jump in Blockbuster Market Debut

Volkswagen spun off the German carmaker on the Frankfurt Stock Exchange, where its stock began trading higher despite a broader decline in European markets.  » mehr lesen

Fed Announces Plan to Assess Climate Risks to Banks

The Federal Reserve will put big banks through climate scenario tests next year, but the exercises will not force banks to raise capital.  » mehr lesen

German Inflation Soars to Double Digits for First Time in Decades

Consumer prices rose 10.9 percent over the year through September, much higher than expected, driven by high energy and food prices.  » mehr lesen

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