Bessent becomes most interventionist Treasury chief in decades
Expanded bond buybacks and yen purchases mark an unusually activist approach, but widening deficits could limit its effectiveness
‘Desperate Attempt’ To Lower Yields: Jonathan Levin
Bloomberg Opinion's Jonathan Levin joins Scarlet Fu on "Bloomberg Real Yield." Treasury Secretary Scott Bessent said today that…
The AI industry is getting better at spotting dangerous behavior. It is less clear that labs know how to stop it.
Recent incidents involving OpenAI, Anthropic, and Meta show what happens when increasingly capable AI agents are tested in…
The US Treasury is buying long bonds, but not very many
Speaking loudly but wielding a teeny-tiny stick in
Gen Z forced to rewrite the American Dream in the ‘Great Postponement’: Fixer-uppers, side hustles and doing life out of order
"We've not seen challenges in terms of affordability like this in more than a generation," said Wharton professor…
US Housing Affordability Gauge Worsens for First Time Since 2023
A key measure of US housing affordability worsened for the first time in almost three years, as higher…
Bessent’s Treasury Twist Clouds Warsh’s Plea to ‘Play the Ball’
Treasury Secretary Scott Bessent’s intervention to bring down long-term borrowing costs is another complication for the Federal Reserve…
Clearlake’s FinThrive Posts Earnings Drop, Taps Line of Credit
Clearlake Capital Group’s FinThrive Inc. said earnings fell 17% in the second quarter, as it drew on a…
Citi Turns Negative on Dollar After Warning on US Buyback Risk
Currency strategists at Citigroup Inc. turned bearish on the US dollar in the near term, as markets gear…
US Set to Cut Tariffs on Canada Metals, Autos in Trade Deal
The tentative trade deal between the US and Canada would lower tariffs on certain Canadian exports of steel…