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US stocks and Treasury bond yields dipped on Thursday as investors juggled weak earnings reports with data that showed the US economy expanded in the third quarter. The S&P 500 fell 0.6 per cent, erasing earlier gains, while the technology-heavy Nasdaq Composite fell 1.6 per cent. Those moves came after data showed the world’s largest
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Phoebe White, Jay Barry and the rates strategy team at JPMorgan published an interesting note over the weekend looking at the US defined-benefit pension landscape and its use of liability-driven investing. The tl;dr is that despite some similarities (like in the Netherlands), US pension plans are less exposed to the kind of margin call doom
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Good morning and welcome to Europe Express. The dust has only just settled after the leaders’ agreement on bringing energy prices down, but myriad questions remain. One of the most important is the shape of the proposed emergency price cap — and whether it will take another emergency EU summit to get it through. We’ll
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Auctions, as any collector will tell you, can be addictive. I am neither a collector nor an antiques expert, but I love the hunt, the adrenaline rush of a bidding war and the satisfaction of a flat decorated with (to my eye) interesting things. I even relish those pieces I paid far too much for,
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The race to succeed Liz Truss as UK prime minister is already under way, with four senior Conservatives considering bids to become the party’s fifth leader in six years. Three candidates who ran in the last contest may stand again. Former chancellor Rishi Sunak is the bookmakers’ favourite and has by far the most organised
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You report that Binance, the world’s largest cryptocurrency exchange, has recently confirmed that it was the victim of a cross-chain bridge hack (Report, October 8). The attackers initially made off with $570mn worth of BNB tokens. However, Binance and its validators took containment actions to limit the actual damage to closer to $100mn. Blockchain bridges,
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