Highlights: Labor shortage The available data suggest that we’re seeing a relatively brisk adjustment to a large and positive economic demand shock, not an economy-wide labor shortage. In a measure of wage-growth that controls for…

Biden delays the target date for sending donated vaccines abroad. The Bitcoin “death cross” has arrived. Asian stocks are set to track a bounce in U.S. equities. Here’s what you need to know to start your day. …

Even with uncertainty over the Tokyo 2020 Summer Olympics, Japan is moving at full speed — with the opening ceremony barely a month away — as it prepares to host the world’s largest sporting event during…

Contributors: Erik Schatzker Updated on June 18, 8:21 AM EDT What You Need To Know In an 85-minute interview with Bloomberg Television, Venezuela’s president Nicolas Maduro says the country has broken free of “cruel” U.S.…

Michael Burry, who became a household name after his winning bet against mortgages was featured in “The Big Short,” issued a series of tweets on Thursday warning individual investors about losses “the size of countries” in…

Here’s the latest news from the global pandemic. A possible booster The success of a large trial of Novavax’s Covid-19 vaccine candidate not only suggested that it will likely add to the supply of coronavirus vaccines,…

By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street. Starting in 2018, President Trump harangued and hammered Fed Chair Jerome Powell to end Quantitative Tightening and to cut interest rates, and Powell…

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. California lawmakers and environmental activists have launched a campaign to press the…