The AI boom drove a record surge in ultrawealthy in 2025, with global fortunes concentrated among tech-driven billionaires and centi-millionaires.
The number of those worth more than $30 million jumped by 14.4% last year. Source link
Economics
Bank of Canada Gov. Macklem Warns of Excess Imbalances Amid Shifting Financial System
Excess global imbalances are widening again, with risks of an economic disruption heightened by an increasing share of financial activity
The return of inflation after the pandemic has left a question mark over whether the Fed Put still exists—and plenty of debate about whether it is a good thing
The return of inflation after the pandemic has left a question mark over whether the Put still exists—and plenty of
Businesses In Europe, Asia See Costs Cooling On Peace Hopes
Eurozone businesses reported that their input costs rose at the slowest pace since the outbreak of the conflict, and they
Economics
Gold Falls; Macro Challenges to Persist in Near Term
Gold fells in Asian trading as the precious metal faces near-term challenges. Source link
Alan Greenspan’s legacy explained: how the Fed became central to modern markets under America’s most influential central banker
Greenspan made the Fed famous. For him, and the institution, it was a blessing, and a curse. Source link
Alan Greenspan, who died at age 100 on Monday, was one of the 20th century’s most compelling and influential policymakers
Few policymakers left a deeper mark on the American economy than the towering Fed chairman. Source link
Canada Inflation Heats Up to 3.2% in May
The consumer-price index climbed 1% in May, pushing the annual rate to 3.2%, the highest level since the end of
Alan Greenspan, who piloted the economy through two decades of global upheaval but who critics say fell short on financial regulation, has died. He was 100.
For 19 years, he piloted the U.S. economy through global upheaval. Critics faulted his hands-off approach to financial regulation. Source
High interest rates and a chronic shortage of inventory have pushed the U.S. housing market to a breaking point. In this podcast series, we examine the strategies emerging to solve the country’s housing shortfall.
High interest rates and a chronic shortage of inventory have pushed the U.S. housing market to a breaking point. In