US insurance rulemaker suspends investment risk designations after cyber attack
Ratings help determine how much capital insurers must have to meet obligations to policyholders
Dubai travel ban targeting MFS owner Paresh Raja lifted
Administrators to failed bridging loan provider have accused Raja of plundering at least £1.3bn
Aid is on the way after Venezuela’s earthquakes, but it’s not clear how quickly it can get there
Rescue workers carry a person on a stretcher in Caracas following an earthquake in Venezuela on June 24, 2026. Juan Barreto/AFP via Getty ImagesFor a country already facing serious humanitarian needs, the two powerful earthquakes that shook Venezuela on June 24, 2026, have made life even harder.
Trump Threatens to Impose 100% Tariff on European Countries Over Tech Taxes
The president claimed the tariffs would override a trade deal with the European Union, which European officials finalized just days ago.
Americans Are Feeling Better About the Economy, Consumer Survey Shows
Consumer sentiment rose in recent weeks after plummeting early this year as energy costs soared.
Ill-timed deregulation is weakening bank resilience
Thoughtful, fundamental reform is needed in finance, not an industry checklist
What Kevin Warsh can learn from Alan Greenspan
The new Fed chair must learn from his late predecessor’s successes — and avoid his mistakes
FEDS Paper: Cyclical Fluctuations, Financial Frictions, and Productivity Differences across Firms
Luca Guerrieri, Jinill Kim, and Arsenii MishinWithin narrowly defined industries, the most productive firms produce far more than the least productive from the same inputs, and this dispersion widens in downturns. We build a tractable representative-agent model in which financial frictions—adverse selection and moral hazard—make firms sort endogenously into lenders, strategic defaulters, and producers.
Those British Strawberries Are Being Picked by Central Asian Workers
Ten years after Brexit, most seasonal workers in Britain are from countries such as Kyrgyzstan and Tajikistan. Without them, agricultural chiefs say, many farms would fail.
UK tightens investment trust rules to close gaps exposed by Saba Capital
Watchdog’s proposals may make it harder for activist investors to control listed closed-end companies
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