US strikes three Iranian oil tankers in response to attacks on warships
Military action over Strait of Hormuz continues to escalate after pause in six-month-old conflict
Economic news
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From ‘mystery vacations’ to hostels, budget travelers get thrifty as prices rise
Despite rising prices and the travel industry focusing on the luxury segment, budget-minded vacationers are still finding ways to get away.
Treasury sell-off piles pressure on weakest US borrowers
Spreads on riskiest junk debt have climbed to their highest level since the market meltdown that followed last year’s ‘liberation day’ tariff blitz
Jefferies fund caught with $500mn exposure to second alleged invoice fraud
Point Bonita, which bankrolled collapsed First Brands Group, emerges as big creditor to Radiant World
The gloves are starting to come off in markets
Wall Street analysts and investors are more willing to directly criticise Trump, particularly since a Treasury intervention on bonds
The repo market is the ‘dark matter’ of finance: powerful and perilous
How worried should we be about the multitrillion-dollar market’s influence over the cosmos of central banks, bonds, pension plans and private credit firms?