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This might be remembered as a moment when the central bank switched approach
It had already been a tough 2026 for Acrisure. Part fintech, part insurance broker, the firm said in late May it would cut 11% of its workforce, or some 2,250 people, as part of a sweeping overhaul to modernize operations. Some of its bonds and loans had fallen, but still remained above levels typic
What in the World!
Europe’s most contradictory economy — world-class luxury and nuclear, chronic fiscal deterioration and political deadlock
What in the World!
Financial repression sounds like an extraordinary policy. Historically, it is closer to the ordinary condition of heavily indebted states. The phrase describes a collection of policies through which governments reduce the real cost of their obligations
Trade Secrets
US Stocks open split to close out the week as Wall Street holds its breath for Fed Chair Kevin Warsh's 10:00 a.m. ET Jackson Hole keynote — his first as chair and the most anticipated Fed speech since Warsh took over in June
Trade Secrets
The US Treasury announced an expansion of its liquidity support buyback operations for longer-dated securities, doubling the programme from $2 billion to at least $4 billion.
Trade Secrets
US Stocks open broadly higher as Nvidia's 15th consecutive earnings beat — revenue of $96.2 billion up 106% year-on-year and fiscal 2028 guidance implying 70% growth — reignites the AI trade and pushes Nasdaq-100 futures up 0.9%
Jack of All Trades
Nvidia reported $96 billion in revenue, doubling year over year, with Jensen Huang declaring that AI has reached its inflection point and compute is now revenue. Salesforce surged 14% on 240% Agentforce ARR growth. CrowdStrike jumped 11% on a record net new ARR quarter. The series closes.
Trade Secrets
US Stocks open flat to modestly lower on the most consequential session of the summer as July PCE inflation comes in sticky — headline rising 3.7% year-over-year, core holding steady at 3.3%
Jack of All Trades
DKS fell 31% after its newly acquired Foot Locker stores reported a 3.6% comparable sales decline in a deteriorating athletic footwear market. Intuit crossed $20 billion in revenue for the first time, with TurboTax Live up 37%, but fell 16% after guiding fiscal 2027 growth below expectations.