Ada Chen
Markets correspondent
Ada Chen covers global markets and macro policy from New York. Previously fixed-income strategist at a Wall Street bank; now reports on the people moving money rather than the prices.
Market Reactions to Geopolitics: The Fine Line Between Risk and Opportunity
Global financial markets reflect the impact of geopolitical tensions, requiring investors and policymakers to adapt swiftly to international developments.
The Cost of War: Iran’s Financial Burdens Under Scrutiny
A new study suggests Iran's military expenditures for its regional conflicts far exceed past estimates, raising questions about long-term economic consequences and transparency.
New York's Pied-à-Terre Tax: Wealth, Housing, and Urban Policy Collide
A proposed tax on secondary residences in New York is sparking debate over housing affordability, municipal revenue, and its potential impact on the high-end real estate market.
AI's Strategic Rewrite of Business Models and Skills
Companies are retooling strategies and upskilling workforces as artificial intelligence becomes a core operational driver.
NYC Mayor Zohran Mamdani Announces Balanced Budget Amid Economic Strains
Mayor Zohran Mamdani revealed a balanced $106.7 billion budget for New York City, navigating economic pressures without raising taxes or slashing critical services.
Starbucks Cuts 300 Jobs in Restructuring Push
The coffee giant will close several regional support offices and lay off 300 employees to streamline operations as consumer habits shift.
Goa’s Foreign Tourism Slump Signals New Post-COVID Preferences
Once a magnet for international visitors, Goa now sees a domestic tourism surge amid a sharp drop in foreign arrivals. The shift highlights broader global changes in travel habits.
Celebrity Billionaires and the Weight of Wealth
As more entertainers join the ranks of billionaires, scrutiny mounts on their role in addressing inequality and the broader societal effects of concentrated wealth.
GameStop’s Bid for eBay Rejected, Highlighting E-commerce Challenges
GameStop’s unsuccessful attempt to acquire eBay reveals the hurdles legacy retailers face in competing with e-commerce giants, raising concerns about its strategic direction.
Fisker's Bankruptcy Sparks Open Source Shift in Automotive Industry
After Fisker Inc.'s collapse in 2024, Ocean SUV owners turned to open-source innovation, challenging traditional car manufacturing models.
The Future of Work: How eBay and Boeing Respond to Economic Shifts
As macroeconomic pressures reshape industries, companies like eBay and Boeing are deploying divergent strategies to navigate new market realities.
Samsung's Chip Factory Strike Threat Exposes Supply Chain Vulnerabilities
Union-led talks at a Samsung chip factory in South Korea risk disruption to a market already reeling from supply chain stresses, underscoring global reliance on a handful of major producers.
World Cup Hotel Price Hikes Face Backlash as Empty Rooms Mount
As U.S. hotels inflate prices for the World Cup, local business owners question the sustainability and economic ripple effects of hosting major events.
Rising Inflation Tightens Grip on American Households
Wholesale inflation surged 2.2% in September, intensifying financial pressures on American families and complicating policymaker responses.
Volatility at the Helm: How Companies Are Steering Through Economic Challenges
Facing inflationary pressures and volatile markets, businesses are deploying diverse strategies to adapt to shifting consumer demands and economic headwinds.
NextEra and Dominion Explore $400 Billion Utility Merger
The potential tie-up between NextEra and Dominion could reshape energy markets, but analysts warn of significant regulatory hurdles and competition concerns.
Corporate Layoffs, Strategic Shifts and the Future of Work
Layoffs at GM and Starbucks spotlight corporate bets on efficiency over headcount. What this signals for labor markets and managerial strategies in 2024.