This paper analyzes a model of two-way movement of physical capital, and examines the effects of direct investment liberalization on resource allocation, income distribution, and commodity trade.

Energy Transfer (ET) beats the S&P 500 in 2026; see why its 7.7% forward yield looks supported, key discounts, tailwinds & risks—read now.

The PGA Tour has created a Returning Member Program, providing a path back for former members who joined LIV Golf. Brooks Koepka is the first player to be reinstated under this new program. Only three ...

Brooks Koepka’s return to the PGA Tour has sparked speculation over the futures of Jon Rahm, Bryson DeChambeau and Cam Smith on LIV Golf. The players meet the same criteria as the five-time major ...