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For the rally to endure, developing markets need to build on their resilience

Upbeat assessment ahead of elections contrasts with traditional Wall Street preference for minimal intervention

Also in today’s newsletter, some US lawmakers are calling on Howard Lutnick to step down over his ties to Jeffrey Epstein

The central bank has lifted the lid on internal arguments. Also in this newsletter, is Kevin Warsh a hawk or weathervane?

Also in today’s newsletter: Macron calls on Europe to capitalise on its ‘Greenland moment’ and Cuba’s fuel crisis

What a stronger political mandate means — and doesn’t mean — for growth, inflation and financial markets

A Bear Stearns mystery solved

Deal offers world’s second-biggest garment exporter an advantage over competitors in India

Also in this newsletter: European countries perceived as more corrupt

French president calls on bloc to take the necessary steps to become a true global economic power

Exemptions would be based on chipmaker TSMC’s US investment commitments, officials say

Amazon, Shein and Temu gain a foothold after libertarian president cuts import tariffs

Companies should be able to navigate expected losses after shoring up balance sheets while times were good

Companies are trying to protect themselves against unknown unknowns

Also in today’s newsletter: regulators probe private equity’s auditor investments and European banks find their mojo

Even dovish policymakers signal they want another tightening soon

Also in this newsletter: Antitrust chief urged to watch Netflix-Warner Bros deal

Japan digests election results, Hong Kong protester Jimmy Lai sentenced and Bangladeshis vote in a pivotal election

Kevin Warsh won’t be able to fix the Fed without a responsible Congress and president

Long periods of expansion create fiscal, financial and productivity risks