China’s New Premier Needs to Revive Growth. How Far Will Loyalty Get Him?

China’s New Premier Needs to Revive Growth. How Far Will Loyalty Get Him?

Li Qiang’s business-friendly reputation could bolster confidence in China’s economy. But he is stepping into a role with diminished power under Xi Jinping.
Investors Fear a Recession Spurred by the Fed’s Inflation Fight

Investors Fear a Recession Spurred by the Fed’s Inflation Fight

Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation.