Yesterday saw the BOJ hike rates to 1%, the highest level since 1995, and the RBA hold at 4.35%, with some chatter of the next move being down, not up, despite inflation running way above 2%.
The handy all-purpose smoke bomb for any occasion is "climate change"
Food prices are rising because we've mismanaged the economy and screwed up our energy supplies while we played doctor to the clouds.
In 1945, a little known piece of legislation called the International Organization Immunity Act handed the Bank of International Settlements, the IMF, the World Bank, the UN, and 76 connected organizations complete immunity on American soil.
Smith observed that significant economic inequalities arise not from voluntary exchange but from distortions that restrict competition, channel resources toward favored interests, and limit economic mobility.
Money-supply growth rose year over year in April, marking the sixth month in a row of accelerating growth, and rising to the largest growth rate in forty-nine months.
How to safeguard the human person in the time of artificial intelligence? It is hardly a surprise that Pope Leo XIV in answering that question in his first encyclical does not include money as part of the solution. More is the pity.
The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit.
ActBlue CEO Regina Wallace-Jones invoked the Fifth Amendment on Wednesday before the House Administration Committee, surrounding reports that she may have misled Congress about how the platform vets foreign donations.
There is little doubt today that Africa will be the world's future. The continent holds currently an estimated 60% of all non-renewable natural resources.
One week ago, SpaceX kicked off its institutional roadshow, headlined by JPMorgan CEO Jamie Dimon, who hosted a nationwide "live interactive discussion" with private wealth clients.
Homebuyers held more leverage over sellers in May, with sellers outpacing prospective buyers in 35 of the nation's 50 most populous metropolitan markets, according to a June 9 report from real estate brokerage Redfin.
"Turns out, we weren't bullish enough on copper," Jefferies analyst Christopher LaFemina wrote in a note to clients, marking a notable shift from one of Wall Street's most seasoned metal voices.