A Rare Reversal: From Rate Cuts to Rate Hikes For much of the past two years, the story in European monetary policy was one of steady rate cuts as inflation cooled from its post-pandemic peak. … Read more
Niche Trading Tool to Cultural Phenomenon Eighteen months ago, prediction markets were a curiosity for political junkies and crypto enthusiasts. Today, they are trading more money every month than America’s legal sportsbooks. Combined monthly volume … Read more
Wall Street’s New Favorite Borrower: The Data Center The artificial intelligence boom has always been a story about computing power. Increasingly, it is also a story about debt. Global borrowing tied to AI infrastructure is … Read more
A Regulatory Deadline with Real Teeth Stablecoins spent years operating in a legal gray zone. That era is ending. Under the Guiding and Establishing National Innovation for U.S. Stablecoins Act, signed into law in July … Read more
A New Kind of Account for a New Generation of Investors For the first time in American history, the federal government is seeding a stock market account for every eligible newborn. Trump Accounts, formally … Read more
The End of the Globalization Consensus For three decades following the fall of the Berlin Wall, the global economy operated under a shared premise: that the progressive integration of trade, capital, and labour markets would … Read more