The warning comes as market participants seek to aggressively roll back on carry trades following a dramatic global sell-off in risk assets.
24-year-old gold medal gymnast from the Philippines to be awarded a condo valued at $414,046, cash prizes and more
Carlos Yulo became the first male Olympic gold medalist in the history of the Philippines and is the country’s second Olympic champion.
Ukraine finally sends F-16s into the battle against Russia — but they might not be a game-changer
It was a pivotal moment for Ukraine as it unveiled its first F-16 fighter jets on Sunday. The difference the aircraft will make in battle remains to be seen.
Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice
Ford has turned its fleet business into an earnings powerhouse. It’s something General Motors and Chrysler parent Stellantis have quickly taken notice of.
Everyone is talking about the Sahm recession indicator. Here’s what you need to know
Investors have turned to one of the most time-tested indicators to determine whether the U.S. economy is in a recession.
Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
Carry trades refer to trades wherein an investor borrows in a currency with low interest rates and reinvests the proceeds in higher-yielding assets elsewhere.
Ice vests, extra breaks and slushies: Olympians are struggling to keep cool in the Paris heat
U.S. gymnastics superstar Simone Biles isn’t the only Olympian feeling the Paris heat.
UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
UK lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates
Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
Shell on Thursday posted stronger-than-expected second-quarter profit after issuing a warning over lower fossil fuel prices and refining margins.
Barclays profit dips in the second quarter, beats estimates
The British lender is undergoing a major restructuring program in a bid to boost profits.