The Financial Times reported Friday morning that the big banks that Wall Street is betting on are failing in private credit markets. It’s something that New Republic writer Logan McMillen is sounding the alarm about because it is the same thing that happened in the 2007 and 2008 global economic collapse. This week, the Federal
Thursday 16 April 2026 8:25 pm | Updated: Thursday 16 April 2026 8:26 pm UK unemployment surged at a faster pace than France and Germany. UK unemployment rose at a faster pace than any country in the G7, the OECD has said, with a sharp rise in joblessness particularly damaging for the youngest people. Unemployment
Kevin Warsh is one of the most high-profile nominees from President Donald Trump at the moment, and in a new piece from Friday morning, the New York Times Editorial Board grilled him on several key questions and accused him of having a “credibility problem. Warsh, a financier and former member of the Federal Reserve Board
Thursday 16 April 2026 7:59 am The UK economy struggled to grow before the Iran war. The UK economy was growing ahead of expectations before the war in the Middle East erupted, official data has shown. The Office for National Statistics (ONS) said GDP grew by 0.5 per cent over February, though City analysts have
President Donald Trump’s former chairman of the National Economic Council Gary Cohn doesn’t think that the country is likely to meet the economic goals for 2026. Speaking at an event hosted by Semafor, Cohen, who still advises Trump on economic matters, was asked about the administration’s promise to hit 4 to 5 percent growth goals
Wednesday 15 April 2026 4:01 pm Goldman led Wall Streets equities trading haul. Wall Street’s top banks are toasting a record revenue haul this week, but industry chiefs also struck a note of caution after bumper profits were driven by market volatility. JP Morgan led the pack with a net income of $16.5bn in the
The Government Debt Management Agency (ÁKK) sold HUF 47 billion of securities at auction on Thursday, approximately HUF 3 bln less than planned. ÁKK sold HUF 20 bln of discount 12-month T-bills, in line with the original offer. Primary dealers bid for HUF 22.9 bln of the bills. Average yield was 6.35%, 2 bp over
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Tuesday 14 April 2026 9:44 am Rachel Reeves has been warned about a shortfall in defence spending. Getty Rachel Reeves and Sir Keir Starmer have been slammed for a failure to provide defence with a substantial cash injection as a former Nato secretary general said an “ever-expanding welfare budget” would not keep the UK secure.
Inflation skyrocketed in the month of March by nearly a full percentage point, to 3.3 percent annually, against a goal of two percent. Professor of economics Justin Wolfers, a frequent cable news guest, calls the March spike “eye-popping.” “Inflation surged in March due to the war in Iran,” Heather Long, chief economist at Navy Federal