Economics

Pimco's David Forgash described a highly divided high-yield market at the Goldman Sachs Leveraged Finance Conference.

Kalshi is suing Minnesota to block the state's upcoming ban on prediction markets, seeking a federal judge's intervention.

Young graduates face a challenging job market, with hundreds of applications yielding few opportunities, impacting mental health and future outlook.

Tether's USAT stablecoin surged over 500% to $140 million in April, yet trails major competitors like USDC and PYUSD.

Kenya's micropayment experiment for news could offer a sustainable financial model, potentially teaching the global industry a new approach.

Over one million young Britons aged 16-24 are not in education, employment, or training, requiring urgent national attention and solutions.

Britain faces record energy bills due to the Iran war, prompting calls for a new plan to mitigate rising costs.

UniCredit warns EU deposit insurance may not fully cover stablecoin reserve accounts, potentially hindering crisis containment under MiCA rules.

UK faces 'lost generation' risk with over 1 million young people not in education, employment, or training.

US defense capital goods orders in April reached near-record levels, signaling increased demand for military hardware due to the Iran war.

DeFi Technologies president Andrew Forson states the stablecoin layer is strong, with over $150 billion in U.S. Treasuries backing major stablecoins.

EU proposes crisis powers to seize chip supplies, potentially overriding existing contracts under draft legislation.

Petrobras raises gasoline prices for distributors following Brazilian government approval of subsidies to offset rising crude oil costs.

UK risks a 'lost generation' as over 1 million young people are not in education, employment, or training.

Prediction markets and sports betting apps are targeting teens, raising expert concerns about financial risks and gambling exposure.

Thirty-year fixed mortgage rates reached a nine-month high of 6.53% as inflation fears overshadowed optimism for an Iran peace deal.

New-home sales fell 6.2% in April to 622,000 units, while median prices rose to $422,500 amid elevated mortgage rates.

Reformed collective-bargaining laws could better align union demands with the public interest, according to a new analysis.

Irish datacenters consumed 22% of national electricity, significantly increasing household bills, a new report reveals.

Experts call Tony Blair's fossil fuel ideas 'bizarre' amid energy and climate crises, warning against abandoning net zero.

Snowflake's stock surged 2026 high after reporting Q1 2027 results exceeding analyst expectations with 33% revenue growth.

Jamaica may drill for oil after seabed tests identified hydrocarbons, potentially impacting its green pledges and economy.

Boston aims to attract AI talent by leveraging California's potential billionaire tax, hoping to retain innovators.

BCI launches a private equity financing team to support buyout firms struggling with a prolonged dealmaking drought.

U.S.-Iran tensions rattled global markets, causing Bitcoin to plummet to a six-week low on May 28, 2026.

France now offers €1 meals to its 3 million students, aiming to support those struggling financially with nutritious dining options.

UK faces £125bn annual loss due to over 1 million young people not in work or education, a report warns.

Alan Milburn's report details structural failures impacting 1 million UK youth not in education, employment, or training.

AI boom fuels Bay Area housing competition, forcing buyers to increase down payments by $200K to secure homes.

Graduates booed former Google CEO Eric Schmidt at University of Arizona commencement, expressing skepticism about AI's future impact on jobs.