U.S. Treasury dismisses IMF debt warning and ‘messy’ forecasting
The exchange comes as U.S. debt exceeds $40 trillion and 10-year Treasury yields remain above 5%, intensifying scrutiny of the fiscal outlook.
Economic news
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Second activist pushes for sale of UK self-storage company Big Yellow
Irenic Capital takes 4% stake in FTSE 250 real estate group and joins Ancora in lobbying for a sale
Analysis: Why a $2 trillion deficit and 5% Treasury yields are becoming America’s biggest economic challenge
Treasury yields above 5% are raising borrowing costs for households and the federal government, highlighting the challenge of financing $2 trillion deficits.
China indicates rare earths will keep flowing to EU, regardless of U.S. trade deal expiration
European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing last week.
Global stocks sell-off deepens as chipmakers tumble
European and Asian stock markets slide as investors question durability of AI boom
UK economy grew 0.1% in August, beating expectations
The U.K. economy grew by a better-than-expected 0.1% in the month to August.