One of the things that makes policymaking easier in the modern world is that we know more. We have better information about outcomes, a better understanding of what works and what doesn’t and — thanks to advances in technology — we can use algorithms and machine learning to make better-informed decisions. But better-informed decisions aren’t
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Under cloudy skies in Warwickshire last month, a 2,000-tonne boring machine nicknamed “Dorothy” tore through a concrete wall to complete the first in a series of tunnels that will eventually carry high-speed trains under the English countryside. The breakthrough moment provided a much-needed boost for HS2, the controversial high-speed rail project that was originally envisaged
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The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,” urging the regulator to “make crypto asset-related enforcement a top priority.” SEC Urged to ‘Aggressively’ Assert Authority Over
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JPMorgan Chase CEO Jamie Dimon says the U.S. banking crisis is not over and “there will be repercussions from it for years to come.” The executive added that recent bank failures “have significantly changed the market’s expectations,” and the odds of a recession have increased. JPMorgan CEO Jamie Dimon on U.S. Economy, Recession, and Banking
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Municipals were little changed to start the week, while U.S. Treasuries were slightly weaker and equities were mixed. The two-year muni-Treasury ratio was at 56%, the three-year at 57%, the five-year at 59%, the 10-year at 61% and the 30-year at 88%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the
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The biggest blank cheque company in Europe, backed by LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier, is set to be wound up after failing to find a target in the financial services sector. Pegasus Europe has announced that it will cease operations and is preparing to return capital to its investors
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FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled by a small group of individuals who falsely claimed
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