Trump considers capital gains tax cuts ahead of midterm election- Bloomberg

Liquidity relief today, balance-sheet strain tomorrow: The very structures that make private credit nimble—PIK loans—could also mask risk until it’s too late. When GoHealth Inc. filed for Chapter 11 bankruptcy protection on June 7, the writing had been on the wall for two years. The Chicago-based health insurance marketplace had inked a payment-in-kind (PIK) deal…

A customs revamp is a welcome change, but logistics and transit bottlenecks still stifle African trade. To curb revenue and income losses and accelerate trade across 50 member states, the African Continental Free Trade Area (AfCFTA) Secretariat partnered with Nigeria’s Bergmans Security Consultants and Supplies Ltd. in a $3.1 billion deal to roll out a…

ICYMI – Cleveland Fed’s Hammack says Fed should already be raising rates, more than one hike needed !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

South Korea’s main KOSPI stock index just opened 5% lower. Perhaps more importantly, it also just broke the July lows as the bubble bursts in incredibly quick fashion. It’s now down 30% from the June 18 high of 9106. It’s been a brutal drawdown over six weeks following an incredible rally from 2300 to 9106…

To become a financial hub, the sultanate needs the infrastructure that a major custodian can provide. U.S. custody giant State Street is expanding into Oman, a vote of confidence in the Gulf’s smallest aspiring financial center. At the Oman Capital Market Conference in Muscat in early June, the bank signed an agreement with Riyadh-based Jadwa…

As foreign aid declines, policymakers in lower-income countries must increasingly focus on making better use of scarce resources. When it comes to maternal mortality, that means investing in simple, proven, and affordable interventions for postpartum hemorrhage, pre-eclampsia, and obstructed labor. SILVER SPRING—In early June, Melinda French Gates pledged $215 million to improve women’s health…