Fed’s Barkin: Rising US Debt Will Bring a “Reckoning” — No One Knows When
Richmond Fed President Tom Barkin warned that rising US debt — which just crossed $40 trillion — will eventually produce...
Canada Fires Back: 700+ US Products Hit With Tariffs Up to 50%, Effective Sept. 8
Canada announced counter-tariffs on more than 700 US products — covering C$27.6 billion in annual imports — as retaliation for...
Bessent’s Iran Sanctions Ultimatum Has a China Problem at Its Core
Treasury Secretary Bessent unveiled dozens of new Iran sanctions and threatened secondary measures against any country continuing to do business...
Private Equity’s Latest Cash Crunch Workaround: Structured Equity Deals That Are “More Signal Than Substance”
With buyout firms sitting on $3.8 trillion in unsold assets and average holding periods stretching to seven years, the industry...
Bitcoin Tops $80,000 for the First Time Since May as the Debasement Trade Returns
Bitcoin briefly hit $81,257 on Tuesday — its highest since mid-May — as Bessent's Treasury buyback plan revived the debasement...
Apple’s Biggest Product Wave in Years Is About to Land: Mac Mini, Foldable iPhone, AirPods 5, OLED iPad Mini — and a New CEO
Apple is set to launch an updated Mac Mini within days — its first refresh in nearly two years —...
SEC Subpoenas Wall Street Banks Over Situational Awareness Hedge Fund’s AI Blowup
The SEC has sent subpoenas to major Wall Street banks seeking information about the trading activity of Situational Awareness —...
Nvidia Has Become the Banker to the AI Boom — and That Creates a New Risk
Nearly four years into an AI boom that has generated hundreds of billions in profit, Nvidia is increasingly using its...
Dollar Snaps Back on Iran Sanctions Announcement — Reasserting Its Role at the Center of Global Trade
The Bloomberg Dollar Spot Index posted its best day in two weeks on Monday, rising ~0.2% against all G10 peers,...
Warsh Heads to Jackson Hole With a Communications Crisis of His Own Making
Fed Chair Kevin Warsh's Friday Jackson Hole speech is his first major opportunity to repair the credibility damage from a...
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