The smartest insight and analysis, from all perspectives, rounded up from around the web: “The Federal Reserve keeps taking, but nonetheless, this economy keeps on giving,” said Mitchell Hartman in NPR’s Marketplace. “The standard metaphor” for when the central bank has to raise interest rates to slow an overheating economy is that it takes away…
China’s heavily indebted property developer Evergrande on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court. In a filing to the Manhattan bankruptcy court, the firm sought recognition of restructuring talks underway in Hong Kong, the Cayman Islands and the British Virgin Islands. CNBC has reached out to Evergrande for comment but did…
UPS reached a tentative deal with its Teamsters union on Tuesday, potentially avoiding a strike that could have caused supply chain disruptions across the country. The deal is “a win-win-win agreement on the issues that are important to Teamsters leadership, our employees, and to UPS and our customers,” UPS CEO Carol Tomé said in a press…