Big banks say consumer resilience bolstered their latest earnings reports. Plus: China’s oil reserves, tariff refund paperwork, and an industrial textile printing factory.
Jemal Countess/Getty Images for Economic Security Project
The share of U.S. debt held by foreign countries has been shrinking. Plus: Big tech IPOs, airline earnings, and the hidden driver of the music industry.
Mohamed El-Erian, professor at the Wharton School and chief economic advisor at Allianz, says the war, among other things, is wearing down confidence in the U.S. and its “ability to inform and influence outcomes.”
