flash-finance

The US blindsided the European Central Bank last week with its historic currency intervention to help Japan, only informing its counterparts in Frankfurt after it sold euros to buy the yen, the Financial Times reported, citing several people familiar with the matter.

In recent years, emerging markets absorbed the increased risk appetite that the Federal Reserve’s volatility-reducing forward guidance had created. The post The end of forward guidance can discipline capital flows in emerging markets appeared first on Atlantic Council.

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

The redesignation reveals that the US Navy increasingly views distributed, survivable strike capability as a central mission for its undersea fleet. The post The US Navy’s decision to reclassify 19 Virginia-class submarines is a breakthrough. Here’s why. appeared first on Atlantic Council.

Airbnb Inc. boosted its annual revenue forecast for a second time this year after it saw robust global travel demand, particularly in the US and Europe.

ARKO Petroleum Corp Announces Agreement to Acquire the Business of U.S. Petroleum Partners, LLC (“USPP”)

Private credit deal would allow the secretive trading firm to make further investments in AI

Sunoco to acquire Offen Petroleum for $600M

Indians are getting into debt like never before, with digital lenders originating four out of five personal loans. Both developments are troubling, but the sheer proliferation — and the outrageous usury — of smartphone-based borrowing platforms is the bigger headache.

Oil rose as prospects for a lasting agreement to reopen the Strait of Hormuz remained elusive. Treasuries held their losses ahead of the key US jobs data report.