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.”
Two inflation reports drop this week, but neither captures the full picture of what's happening to prices in real time. The gap comes down to a trade-off economists know well: speed versus comprehensiveness.