The Federal Reserve Board approved final rules that make its annual stress test more transparent and cut the volatility of the capital requirements it produces, over the objection of Governor Michael Barr.
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Thursday, October 1, 2026
12 storiesThe Federal Reserve's inspector general found no criminal wrongdoing by former chair Jerome Powell in the central bank's headquarters project, and the president responded by calling for his resignation and asking the Justice Department to study the report.
The Federal Trade Commission is investigating leading AI developers over potential safety risks and consumer harms, a day after the same executives signed a voluntary safety accord at the White House.
Relentless selling pushed the 10-year US Treasury note above 5.3% and dragged UK, French, Japanese and Australian government yields to multi-decade highs.
Cooler August inflation and a dovish signal from New York Fed President John Williams cut market-implied odds of an October increase, even as three other officials argued more tightening is needed.
Redemption freezes and write-downs in Australia's private credit market have drawn global attention and central bank warnings, in the same week the SEC made it easier for retail investors to buy the asset class.
The final reading of second-quarter growth came in well above the previous estimate and above forecasts, on the same week that household confidence fell to its lowest level in more than a decade.
Shipping intelligence reported three Liberian-flagged tankers hit by unknown projectiles while transiting the strait, even as crude flows through the chokepoint returned to near prewar levels.
The president presented a $54 billion Alaska gas project as backed by South Korean money and part of a $200 billion energy package, while Seoul said the investment has not been approved and will require commercial viability.
A new issuer backed by the card networks and the largest payment processors brought a dollar-pegged token to market on Wednesday, entering a stablecoin sector dominated by Tether and Circle.
Energy Secretary Chris Wright has asked Europe to release more than a third of its diesel reserves, with a US export ban held out as the alternative, as the administration weighs restrictions on foreign diesel sales.
President Trump announced that leading AI executives had signed a voluntary agreement on reviewing frontier models, and signed an executive order replacing the term artificial intelligence with Super Intelligence across the executive branch.
Wednesday, September 30, 2026
24 storiesThe benchmark US yield reached its highest level since before the financial crisis, and the selling has spread to Europe.
The AI developer's prospectus pairs a 2 trillion dollar target valuation with a giant loss and heavy reliance on two cloud partners.
The central bank's financial stability record flags AI-related borrowing, government debt and energy prices as interconnected vulnerabilities.
Energy prices pushed inflation in the bloc's largest economies to multiyear highs, and analysts now expect the euro-wide figure to overshoot too.
The Board approved changes it says will make the test more transparent and cut the volatility of the capital requirements it produces.
The inspector general found deficiencies but no criminal violation, and the president called hours later for Powell to leave the Fed board.
Crude shipments through the strait have largely recovered while refined-fuel movements have not, and Qatari mediation has produced little.
Delegates say the group will leave crude production targets unchanged when seven core members meet online this weekend.
Beijing announced a package of strengthened financial support measures, including mortgage interest subsidies aimed at reviving housing demand.
The final estimate of spring output was stronger than economists expected, while the Conference Board's confidence index fell to its lowest reading in more than a decade.
The Fed's preferred price gauge eased to 3.4 percent, and investors cut their bets on a rate increase next month.
The White House Accord on Super Intelligence formalises industry self-regulation and carries no penalties.
The company is seeking a valuation of more than $2 trillion after losing $42 billion last year.
The Pentagon picked Boeing for the F/A-XX programme in a deal worth more than $20 billion.
The People's Bank of China lowered its pledged supplementary lending rate by 25 basis points as September surveys improved across sectors.
New York Fed President John Williams said there is no urgency to move again, while Governor Michael Barr repeated that further increases will likely be needed.
Governor Lisa Cook said AI investment is adding price pressure through data centers, energy and construction, delaying the return to the 2% target.
Metrics Credit Partners stopped investors accessing some funds as the prudential regulator warned of heightened risk.
Budget documents show military spending rising 27% next year, funded by higher taxes and more borrowing.
Investigators called USDT a significant financial lifeline for Tehran and referred the matter to the Treasury and the Justice Department.
The US long bond cleared 5.6% for the first time in more than two decades as the whole curve repriced.
Six company signatures appear on a document the president called morally binding and almost like a constitution.
The Conference Board index dropped 6.7 points to 81.9, the weakest reading since 2014.
Energy Secretary Chris Wright announced a new release from US reserves and pressed European countries to draw down their own diesel inventories.
Tuesday, September 29, 2026
24 storiesThe filing devotes almost a third of its pages to risk and discloses a buildout commitment that the company says largely cannot be cancelled.
The People's Bank of China lowered the pledged supplementary lending rate, widened the facility's scope and raised relending quotas in a targeted easing package.
The state's attorney general asked a federal court to void the contract and halt work on a former prison that the company would reopen for immigration detention.
Governors Cook and Barr and Chicago Fed President Goolsbee each pointed to the same two forces pulling inflation away from the central bank's goal.
The New York Fed president told an audience in Buffalo that the central bank has time to weigh incoming data before moving again.
The 30-year yield reached its highest since 2002 while precious metals fell, breaking the usual pattern in which gold rallies alongside inflation worries.
Gulf producers are pushing crude through and around the Strait of Hormuz at close to prewar volumes, easing the supply premium in the oil price.
The canal authority will raise Neopanamax slots from nine to ten a day and restore a deeper draft from the middle of October.
Investigators for Senate Democrats describe USDT as a financial lifeline for Tehran, and have asked Treasury and the Justice Department to act.
The president and House Speaker Mike Johnson announced a signed set of voluntary standards for reviewing AI systems, with the text not yet released.
The Conference Board index came in at 81.9 for September, far below consensus, while the University of Michigan gauge fell to its second-lowest reading on record.
The measures replace tariffs with outright prohibitions on a defined list of goods, with no date set for a return to negotiations.
The White House gathering brings the industry's largest firms together with senior administration officials while calls for government intervention mount.
The filing pairs a sweeping vision for artificial intelligence with surging costs and a governance structure that keeps control with the company's leaders.
The People's Bank of China lowered the rate on pledged supplementary lending by 25 basis points and expanded relending quotas in a targeted package aimed at property and state arrears.
A run of hawkish remarks from Federal Reserve officials has pushed market-implied odds of an October increase sharply higher.
Bullion dropped through $4,200 an ounce in its steepest single-day fall in three months as traders raised the odds of an October Federal Reserve rate increase.
US and European sovereign yields extended their slide in price as faltering Iran diplomacy revived higher-for-longer oil expectations, dragging junk bonds toward their worst month since 2022.
An Australian manager froze investor withdrawals after a write-down, on the same day US regulators reminded funds and auditors how private assets should be valued.
A subcommittee investigation found the stablecoin at the centre of Iran's shadow banking network, and a senator has asked Treasury and the Justice Department to investigate.
Brent crude rose above $106 after Washington turned down Tehran's conditional plan to reopen the Strait of Hormuz, and a very large crude carrier was struck.
Pump prices in Britain reached an all-time high while European officials worked to head off a US ban on diesel exports.
Washington and Beijing each named non-sensitive products for more favourable tariff treatment, but set no timeline and excluded the largest US farm export.
The Conference Board's index fell 6.7 points in September as households turned more negative on prices and on the labour market.