Fresh off a pivotal win in court this week, Grayscale Investments LLC may soon find itself in another fight: the $7.5 trillion US exchange-traded industry’s never-ending contest over fees.
Hedge funds have “probably” increased their positions in highly leveraged Treasury basis trades, posing a risk to financial stability, according to a research paper published by the Federal Reserve.
Mortgage rates in the US fell for the first time in six weeks, while sticking close to a two-decade high.
Rishi Sunak’s government ordered some English schools to shut buildings made with a form of concrete that is prone to collapse, amid rising fears for the safety of pupils and staff.
US Supreme Court Justice Clarence Thomas said in a new financial disclosure report that Republican megadonor Harlan Crow paid for his travel expenses for three trips last year, including private plane rides and a stay at Crow’s resort in the Adirondacks.
Canada’s job market is showing more signs of softening, giving the central bank some leeway to hold rates steady next week.
Gabon’s new military leader sought to justify a takeover of the oil-rich nation even as a top European Union official cautioned against using force to restore civilian rule.
Peter Salovey, the president of Yale University for the past 11 years, plans to retire after overseeing the opening of new residential colleges, expanding enrollment and helping transition leadership of its powerhouse endowment.
Areas hit hard by the storm have low rates of flood coverage, even as the threat from extreme weather rises.
Iran is slowing the rate at which it’s stockpiling near weapons-grade uranium, the UN nuclear watchdog is expected conclude next month, adding to an easing of Persian Gulf tensions that’s already seen Tehran and Washington discuss the release of prisoners and more oil pour onto global markets.
