Stories by Andrea Bonime-Blanc

Expert Voices

Market volatility shows strains of widespread geopolitical tensions

Illustration: Lazaro Gamio/Axios

The U.S. stock market has seesawed in the new year, following a chaotic end to 2018 — its worst annual performance since the Great Recession and worst December performance since the Great Depression. The magnitude of recent swings suggests they are driven less by economic and market conditions than by geopolitical challenges.

Why it matters: Market actors focus, sometimes myopically, on technical indicators like “moving averages” or what the Fed will do on interest rates. But the current turbulence requires factoring in critical geopolitical trends like the rise of illiberalism in Europe, Trump administration trade policies, and China’s Belt and Road initiative.

Expert Voices

Amid string of scandals, businesses placing new premium on ethics

empty corporate board room
Photo: Anthony Weller/View Pictures/UIG via Getty Images

In response to political ethics scandals and the #MeToo movement — both turbocharged by social and traditional media — the business world is recognizing how toxic leadership and culture can threaten a company’s image, profits and long-term survival. More “enlightened” CEOs are taking a stand on issues like immigration and more boards are holding executives accountable for ethical organizational culture.

Why it matters: Corporate boards and executives are taking a broader view of their key stakeholders — not just the vaunted shareholder but also their employees and customers.