Is Bessent winning the wrong battle in markets?
Treasury secretary’s intervention in the yen has made an impact but US bond yields are climbing higher and higher
Financial Times
Region: United Kingdom
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Language: EN
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Mode: Aggregation
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Stories Indexed: 142
The day that blew America and the world off course
A quarter of a century later, the consequences of 9/11 have reshaped the global order
Situational Awareness builds relationships with new brokers as it attempts rebound
Leopold Aschenbrenner’s hedge fund previously suffered billions of dollars in losses during AI sell-off
Military jet triggered UK’s latest air traffic meltdown
Flight plan submitted by one aircraft sparked turmoil that grounded thousands of planes this week
Why the AI race has its creators fearing human extinction
Advances in autonomous agents and bitter rivalry between Anthropic and OpenAI have pushed once-fringe fears into the mainstream
Elliott veteran to lead Citadel’s international equities business
Ken Griffin’s hedge fund combines divisions as it seeks to deploy more firepower outside US
Houthis seize Red Sea islands in lightning offensive
Latest advance against Saudi-backed forces cements Yemeni rebels’ control over vital shipping artery and roils energy markets
US inflation held steady at 3.4% in August as high fuel prices persist
Figure comes ahead of high-stakes Fed meeting
Time to start taking AI risks seriously
Governments promise a light-touch regulatory agenda amid growing threats
Yemeni militants used Anthropic AI to try to build ballistic missiles
Missile test by group apparently failed, but exposes limits of AI safeguards
IEA warns of ‘lost period’ in global oil demand
Strait of Hormuz will not reopen this year, agency says, warning of sharp drop in demand
US diesel hits record $6 a gallon on Iran supply shock
Surging cost for fuel critical to agriculture and industry stokes price pressures as Americans confront affordability crunch
Bessent’s intervention risks damaging BoJ’s credibility, bankers warn
US Treasury secretary’s claims of insider knowledge could erode market perceptions of Japanese central bank’s independence
Why Warsh is starting to bite back
The Fed chair may defy the president’s desire for a rate cut at Wednesday’s meeting
Iran and Gulf states to meet in push for Hormuz deal
Regional states hope temporary shipping agreement between Iran and Oman can offer a pathway to ease hostilities and reopen the strait
Dubai airport group plans underground fuel tanks to protect against strikes
UAE pressing ahead with expansion plans for flight hub despite the Iran war
Trump-Vance’s midterm pitch: Vote Republican or live with the ‘lunatics’
Party far more comfortable raising fear of Democratic alternative than discussing own policies, including Iran war
Scott Bessent fails to break ‘fever’ in US bond market
Treasury secretary’s $6bn bond operation is insufficient to stem the recent surge in borrowing costs, investors warn