Stock market, central bank and economic news: indices, rates, inflation, currencies and the data driving global markets.
Kevin Warsh’s first Federal Reserve policy meeting as chair is likely to be remembered less for the rate decision than for what he says about saying less. The Federal Open Market Committee meets June 16-17, its first scheduled meeting since Warsh took the oath of office as chair
Whirlpool’s latest debt maneuver is not the kind of transaction that usually grabs broad market attention. It should. The appliance maker’s early tender results, released Friday, show a company moving quickly to refinance low-coupon euro debt with a larger package of secured U.S. dollar borrowings. That
Prediction markets are moving from a legal novelty to a regulatory test for U.S. finance. The Commodity Futures Trading Commission’s June 10 proposal for event contracts does not settle the fight over whether platforms such as Kalshi and Polymarket are exchanges, betting shops or something in between. It
Partners Group’s decision to limit withdrawals from an $8.6 billion evergreen private equity fund is not a bank-run story, but it is a sharper warning for a private markets industry that has spent years selling access and flexibility in the same package. The Swiss alternative asset manager
U.S. investors are entering the first week of June with an unusually awkward setup: the stock market has been rallying because growth looks resilient, but the next major data point could make that same resilience look dangerous. The Bureau of Labor Statistics is scheduled to release the May employment
China’s latest factory survey is not a crisis signal, but it is a warning about the limits of an export-led cushion at a moment when global demand and energy costs are both becoming less reliable. The official manufacturing purchasing managers’ index fell to 50.0 in May from
On May 26 Reuters reported that Wall Street banks are privately urging the Federal Reserve to formalize recent supervisory changes so they cannot easily be reversed by a future administration. On the surface, the dispute looks technical. It turns on how often examiners should use “matters requiring attention,” or MRAs,
The International Monetary Fund’s message to European Union finance ministers on May 23 was stark: the bloc’s next fiscal problem is not a single budget cycle or a temporary shock, but a 15-year collision between defense, energy, pensions and already-fragile public finances. Reuters reported from the
The Securities and Exchange Commission’s latest rule package is not just another technical cleanup of securities law. The proposals released on May 19 amount to one of the clearest signs yet that Washington wants to make public markets easier to enter, easier to use, and less burdensome to stay
The Federal Reserve said Friday that it had terminated enforcement actions against UBS Group AG and several Credit Suisse entities, effective May 12, removing one of the more visible US regulatory remnants of Credit Suisse’s Archegos collapse. The original 2023 order followed what the Fed called unsafe and unsound
U.S. existing-home sales barely moved in April, a reminder that the housing market is still stuck in a holding pattern even after affordability improved from some of the worst conditions of the past few years. Sales rose 0.2% from March to a seasonally adjusted annual rate of
Quantinuum’s decision to make its U.S. initial public offering filing public is more than another technology listing. It is a live test of whether investors are ready to finance one of the market’s longest-duration bets: a quantum computing company with real customers, credible industrial backing and
