Financial Crisis: Definition, Causes, and Examples
A financial crisis happens when the financial system breaks down, usually from the domino effect caused by heightened risk, overborrowing, default, and tighter lending restrictions.
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PODCAST: What’s News in Earnings: Why Some Money Managers Are Trailing the Market
Bonus Episode for Aug. 11. Shares of publicly traded private-equity firms like Blackstone and Apollo are down year-to-date, trailing the broader market, while shares of
Tame US Job Growth Expected in Approach to Fed Meeting – Bloomberg
Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high,
Fed Upheaval Sows New Uncertainty About Path of Rates – WSJ
Weeks before what is likely to be the Federal Reserve’s first interest-rate cut of the year, an unprecedented effort by President Trump to reshape the
The Middle-Class Vibe Has Shifted From Secure to Squeezed – WSJ
For the American middle class, it has been a summer of cooling confidence.Consumer sentiment dropped nearly 6% in August, after trending up in June and
JPMorgan poaches record number of senior bankers – The Financial Times
JPMorgan Chase has hired a record number of senior commercial and investment bankers in the past year as part of an assault on markets it
Four-day work week pilot a success, research suggests – Independent
A Scottish Government pilot of a four-day work week at two public sector bodies was a success, a report has suggested, but ministers have said
How we tested AI search tools – The Washington Post
In the article, a team of librarians assessed nine AI-powered search tools—including Bing Copilot, various versions of ChatGPT (GPT-4 and GPT-5), Claude Sonnet 4, Grok
Global Current Account Balances Widen, Reversing Narrowing Trend
Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policies. Global current account balances widened by a sizable 0.6 percentage points
Charting the Global Economy: US Consumers Remain Resilient – Bloomberg
US consumer spending rose in July by the most in four months as stronger income growth bolstered demand in the face of high prices.While Americans