China factory activity contracts for second straight month in Aug

In episodes like the railroad boom and the dot-com bubble, creditors and shareholders were wiped out, because investment in a genuinely transformative technology outpaced any plausible near-term return. With the US financial system and asset markets having become a one-way bet on AI, such an outcome today could be catastrophic. BERKELEY—US Federal Reserve Chair Kevin…

21 July 2026 Credit standards tightened moderately for firms amid higher perceived risks Business loan demand rose slightly, while household loan demand decreased Credit standards tightened most in sectors such as the car industry and energy-intensive manufacturing According to the July 2026 bank lending survey (BLS), euro area banks reported a moderate net tightening of…

Politics Aug 6, 2026 José Antonio Ocampo Colombian President-elect Abelardo de la Espriella inherits an economy constrained by weak investment and a severe fiscal crisis. His ability to restore fiscal stability without sacrificing the social gains of recent decades will determine whether…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. August 20, 2026 Federal Reserve Board announces approval of application by National Westminster Bank Plc For release at 4:00 p.m. EDT The Federal Reserve Board on Thursday announced…

A proposed rule could let families do a “discount Roth conversion.”