Boutique Investment Bank BDA Cuts Jobs in China on M&A Woes BDA Partners has cut some investment bankers in Shanghai to cope with intensifying competition in China and uncertainty over deals, people familiar with the matter said, marking the latest financial services firm to retreat from the world’s second-biggest economy.
Nobel laureate Paul Krugman argues that tariff “chaos” and President Donald Trump's immigration policies are the real drag on growth by raising costs, freezing investment, and ultimately hitting consumers. He says a 1950s-style manufacturing revival is illusory, tariff revenue won’t fix the deficit, and U.S. trade-rule credibility has suffered lasting damage. On New York City politics, he expects only marginal policy shifts if Democratic nominee for mayor Zohran Mamdani wins. (Source: Bloomberg)
