Economy

Boaz Weinstein warns of private credit’s 'financial alchemy,' says problems are multiplying by the quarter

liberal

Boaz Weinstein warns of private credit’s 'financial alchemy,' says problems are multiplying by the quarter

Saba, alongside Cox Capital Management, launched a tender offer to purchase shares in one of Blue Owl's non-traded private credit funds at a 34.9% discount.

8 months ago

Cathay Pacific offers £20,000 Sydney-London flight amid disruption in Gulf

liberal

Cathay Pacific offers £20,000 Sydney-London flight amid disruption in Gulf

Hong Kong-based airline has business-class return listed at A$39,577, as travellers seek routes avoiding Middle East

8 months ago

What are today's mortgage interest rates: March 10, 2026?

liberal

What are today's mortgage interest rates: March 10, 2026?

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8 months ago

Traders fear missing out on latest 'Trump TACO rally'

liberal

Traders fear missing out on latest 'Trump TACO rally'

One thing was made clear by Monday's big comeback: Traders don't think this volatility will persist.

8 months ago

As Iran war disrupts oil prices, consumers could be 'hammered,' economist says

liberal

As Iran war disrupts oil prices, consumers could be 'hammered,' economist says

The Iran war may impact U.S. consumers far beyond the gas pump, raising inflation expectations and causing an uptick in the yield on the 10-year Treasury note.

8 months ago

VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales

liberal

VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

8 months ago

Get ready for price shocks because of Iran? How are we supposed to do that?

liberal

Get ready for price shocks because of Iran? How are we supposed to do that?

From energy to food, all of life’s essentials are about to get even more expensive. But just knowing that won’t pay the bills

8 months ago

‘Everyone feels like they are being scammed’: can Central America’s small coffee growers survive as global prices fall?

liberal

‘Everyone feels like they are being scammed’: can Central America’s small coffee growers survive as global prices fall?

Family-run farms in El Salvador and Honduras face mounting losses, rising costs – and the need to adapt or be left behind

8 months ago

Volkswagen flags a tough year ahead as 2025 profit halves on tariffs, China competition

liberal

Volkswagen flags a tough year ahead as 2025 profit halves on tariffs, China competition

Volkswagen reported a more than 50% drop in annual operating profit, citing the impact of U.S. tariffs, currency effects and a strategic shift at Porsche.

8 months ago

How Staged Accidents Are Driving Up Your Insurance Costs

conservative

How Staged Accidents Are Driving Up Your Insurance Costs

Imagine you are driving down the road one day, traffic humming along like a familiar episode of Seinfeld.

8 months ago

It’s affordability, stupid

conservative

It’s affordability, stupid

President Donald Trump inherited an economy sputtering from four years of the Biden administration’s economic strategy of overspending, overregulating, and a simple refusal to recognize that COVID-19 was over. He won in 2024 because voters still remember how the economy flourished during Trump’s first administration and didn’t want four more years of stunted-growth policies from Democrats.

8 months ago

As the Iran war upends energy flows, Russia is emerging as the real winner

liberal

As the Iran war upends energy flows, Russia is emerging as the real winner

Russia is shaping up to be a major beneficiary of the escalating energy crisis in the Persian Gulf, analysts told CNBC.

8 months ago