PIMCO expects most issuers to absorb higher refinancing costs, but the maturity profile shifts toward high-yield borrowers just as the weakest are already defaulting.
Saturday, September 26, 2026
24 storiesA divided DC Circuit panel found the Defense Department had ample support for designating the AI company a supply-chain risk, leaving it shut out of military contracts.
The Bank of England governor said there is no question the economy is seeing the direct effects of the energy shock, which markets read as clearing the way for a November rise.
Goldman Sachs raised its estimate for July to September growth after core capital goods orders came in strong, even though total durable goods orders did not move in August.
Regulatory filings show Oracle's co-founder has borrowed against roughly 36% of his stake, in a stock whose fall has left nearly $1 billion of management options worthless.
A sitting regional Fed president put artificial-intelligence capital spending into the language the central bank reserves for systemically important institutions.
Riyadh told the United Nations that the Strait of Hormuz must return to its pre-war status without tolls, while Yemen's government lost control of the Red Sea chokepoint.
Taipei labelled Beijing a true disruptor of the status quo after Xi pressed Trump on the island, while the US ambassador to China said American policy is unchanged.
The president said he does not think the military will be needed, days after telling the United Nations that Cuba's government will fail.
The president said he turned down a proposal that would have opened the waterway within a week in exchange for lifting the US naval blockade.
The University of Michigan headline index dropped for a second month, and outlets disagree on whether that is a four-month low or nearly the worst reading on record.
The White House fact sheet from the Xi summit creates a standing dialogue on what it now calls super intelligence, but semiconductor export controls were never on the table.
Reported losses range from $350 million to $387.5 million, and only about $318,000 has been frozen.
Livestock associations in Texas, Oklahoma and Kansas report disruption at processors and feedyards and are asking the federal agency for transparency.
Patrick Swindle steps down after less than a year to treat pancreatic cancer, and Lucibeth Mayberry becomes president and chief executive.
Two regional Fed presidents and a governor pointed to more tightening, and prediction markets now put an October increase above even odds.
Two rulemaking packages would require full backing in high-liquidity assets and set a capital floor for issuers the Board supervises.
The bank's estimate sits above consensus and comes with a figure for the annual revenue the spending has to produce to break even.
Global government debt now stands above its post-war peak, and the fund's managing director says high debt makes every other shock harder to absorb.
Tehran says the choice now rests with Washington, while one report describes officials discussing a phased deal instead.
The 10-year note touched its highest level since 2007 as the long end of the curve repriced, carrying mortgage costs with it.
The company disclosed dozens of incidents, including 53 cases in which images users gave to ChatGPT were published.
Beijing confirmed a reciprocal tariff reduction and a new dialogue on artificial intelligence as the Washington summit closed.
The energy secretary has sounded out refiners on voluntary curbs while ruling out a blanket ban, and the industry is pushing back.