Drought Saps the Panama Canal, Disrupting Global Trade – The New York Times
For over a century, the Panama Canal has provided a convenient way for ships to move between the Pacific and Atlantic Oceans, helping to speed
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EU clamps down on Meta’s use of personal data for targeted ads – CNN
Meta will soon be forced to seek European users’ consent before using their personal information to deliver those users targeted advertisements on Facebook and Instagram.
Hedge funds need more FX prime broker heroes
The number of foreign exchange prime brokers (FXPB), which help clients source FX liquidity from a variety of liquidity providers, has been in steady decline
Fed’s ‘Hawkish Pause’ to Keep Option to Hike – Bloomberg
The Federal Reserve is poised to hold interest rates steady at a 22-year high for a second meeting, while leaving open the possibility of another
Europe’s economy risks a recession after output falls in the third quarter – CNN
The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank slightly in the third quarter. Gross
US consumer confidence dropped for third consecutive month despite the booming economy – CNN
Americans are losing confidence about the economic outlook. For the third month in a row, the Conference Board’s Consumer Confidence Index fell — dropping to
UK mortgage approvals slump before interest rates decision – The Guardian
UK mortgage approvals slumped in September amid mounting signs of stress in the property market, according to official figures before the Bank of England’s next
America’s economy is booming. Why aren’t its bosses happier? – The Economist
Good news about America’s economy seems to keep rolling in. In the third quarter, gdp expanded by a barnstorming 4.9% in annualised terms. Heading into
How the UK’s emphasis on apocalyptic AI risk helps business
In the spring of 2023, the UK government set out its plans to address the rapidly evolving AI landscape. In a white paper titled “A
PODCAST: Michael Carmen on Late-Stage Venture Capital and IPOs
Bloomberg Radio host Barry Ritholtz speaks to Michael Carmen, co-head of private investments at Wellington Management Co. LLP, which has more than $1 trillion in