Wall Street is betting on Fed Chair Kevin Warsh to keep a manic bond market from unraveling
The market “needs stability and trust” as a deluge of corporate bond supply is expected in the coming months.
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Navigating the unresolved terrain of crypto accounting
The growing presence of crypto assets on corporate balance sheets is no longer experimental. It reflects a structural shift in how companies manage value and liquidity. Processing Content Cryptocurrecy assets do not clearly meet the definitions of cash, financial instruments or inventory under existing GAAP, leaving preparers to apply principles that were not designed for…
Scott Bessent becomes the tip of the spear in the U.S. war on Iran and the bond vigilantes
Facing an increasingly aggressive Iran and a slumping bond market, the Trump administration is betting that Treasury Secretary Scott Bessent can use the financial weapons in the government’s arsenal to achieve victory on both fronts. The idea is to kill two birds with one stone: getting Iran to fully reopen the Strait of Hormuz would…
Wall Street banks are keeping astronomical price targets on SpaceX’s stock as it struggles to achieve post-IPO exit velocity
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Iran says the Strait of Hormuz is shut down. Trump says 9 million barrels a day are getting out
The U.S. and Iran remain deadlocked over reopening the Strait of Hormuz as each side tries to see how long the other can hold out, and signs of significant oil flows out of the Persian Gulf indicate President Donald Trump is betting he has additional leeway. In the past week, the administration has pushed back…
Chicago Cubs’ Dazzling Pete Crow-Armstrong Strengthens MVP Case
WASHINGTON, DC – AUGUST 11: Pete Crow-Armstrong #4 of the Chicago Cubs looks on prior to the game between the Chicago Cubs and the Washington Nationals at Nationals Park on Tuesday, August 11, 2026 in Washington, District of Columbia. (Photo by Alyssa McDaniel/MLB Photos via Getty Images) MLB Photos via Getty Images Chicago Cubs centerfielder,…
Heatwaves Could Cost France €10 Billion-€15 Billion, Environment Minister Says
The heatwaves that have hit France in recent months could result in €10 billion to €15 billion ($17 billion) in direct and indirect costs, French environment minister Monique Barbut said on Wednesday. Barbut cited estimates from France’s national statistics agency, INSEE, and said that the heatwave period was not over yet. The 2022 drought resulted…
