Kitco News
Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease -
(Kitco News) - The gold market is trading near session highs after the latest data showed consumer sentiment in the U.S. improving, with shorter-term inflation expectations easing.The University of Michigan announced on Friday that the preliminary reading of its Consumer Sentiment survey for July was 54.4. The data was better than expectations, as the consensus forecast of economists calle...
Gold steadies, silver weakens as yields cap inflation-data relief - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are slightly higher and spot silver prices are weaker ahead of the North American market open Friday, as traders weighed this week’s softer inflation data against resilient U.S. economic readings, firm Treasury yields and renewed Strait of Hormuz risk.
Gold remains under pressure as U.S. housing starts rise 19% in June -
(Kitco News) - Gold prices remain trapped below $4,000 an ounce and have been unable to attract any significant safe-haven demand despite persistent uncertainty in the U.S. housing sector, which threatens to weigh on economic activity through the second half of the year.
Gold breaks $4,000 as yields rise, Fed-rate relief fades - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Thursday, as resilient U.S. economic data, firmer Treasury yields and a stronger U.S. dollar overwhelmed support from this week’s softer inflation reports and renewed Strait of Hormuz risk.
China's AI ambitions could make platinum the next strategic precious metal after gold - WPIC -
(Kitco News) - China has already cemented its position as one of the world's most important gold markets, and the country's next wave of industrial investment could elevate platinum to a similarly strategic role as artificial intelligence and clean energy reshape global demand, according to the latest report from the World Platinum Investment Council.
Strong retail sales mask widening K-shaped economy as consumer financial stress mounts -
(Kitco News) - The U.S. consumer continues to support economic growth, but beneath resilient headline spending, new data point to mounting financial stress for many households.
‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027 -
(Kitco News) – The key trends that drove gold to an all-time high of $5,600 per ounce earlier this year remain in place, and the yellow metal will resume its bull market run in 2027, justifying a move from neutral back to overweight gold in investor portfolios, according to Ian Samson, multi-asset portfolio manager at Fidelity International.“We have a plan to go overweight gold again,” Samson s...
Gold prices can go lower, but Bank of America suggests buying the dip and averaging down -
(Kitco News) - Bank of America is not giving up on gold, but the bank’s technical analysts are warning investors that the current correction could have further to go. However, they also see lower prices as a buying opportunity.
Disappointing U.S. pending home sales unable to push gold prices higher -
(Kitco News) - The gold market continues to struggle to hold critical support at $4,000 an ounce and has been unable to attract a safe-haven bid as the U.S. housing sector remains lackluster, potentially weighing on economic activity through the second half of the year.
Gold and silver fall as Fed-rate relief fades after data - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply lower ahead of the North American market open Thursday, as firmer Treasury yields, a steadier U.S. dollar and renewed Strait of Hormuz risk outweighed support from this week’s softer inflation data
Zero Hedge
PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett -
PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett
By Ethan Howland of UtilityDive
The PJM Interconnection’s just-held capacity auction cleared nearly 7 GW below its reliability target and only drew roughly 500 MW of new power supply, Federal Energy Regulatory Commission Chairman Laura Swett said Thursday.
“These numbers compound the alarm bells for a call t...
Apple And DOJ In "Early Settlement Talks" Over 2024 Antitrust Lawsuit -
Apple And DOJ In "Early Settlement Talks" Over 2024 Antitrust Lawsuit
Apple and the U.S. Department of Justice are reportedly in early discussions to settle the government's 2024 antitrust lawsuit against the iPhone maker, though no agreement has been reached and no trial date has been set, Bloomberg reported today.
Apple has made multiple settlement offers this year in an effort ...
DOJ, DHS Launch Election Integrity Website -
DOJ, DHS Launch Election Integrity Website
Authored by Kimberley Hayek via The Epoch Times,
The Justice Department’s Civil Rights Division and the Department of Homeland Security (DHS) on Thursday launched a joint website featuring an interactive map of federal enforcement actions aimed at election security, transparency, and integrity.
“Excited to launch the joint @TheJusticeDe...
HSBC Upgrades Apple To Buy, Sees "AI Boost" Sparking Device-Upgrade Cycle -
HSBC Upgrades Apple To Buy, Sees "AI Boost" Sparking Device-Upgrade Cycle
Days after KeyBanc analysts Brandon Nispel and John Vinh downgraded Apple over concerns that soaring memory chip costs and rising iPad, Mac, and iPhone prices could spark a growth slowdown, HSBC analysts took the opposite view, upgrading the stock to a "Buy" rating to end the week.
HSBC analyst Nicolas Cote-...
Meta Eyes $10 Billion Deal To Lease AI Computing Power To Anthropic -
Meta Eyes $10 Billion Deal To Lease AI Computing Power To Anthropic
Meta is standing up a cloud business to sell excess computing capacity from its massive data-center buildout, as we detailed earlier this month. The new business line would put Meta in direct competition with industry leaders such as Amazon Web Services, Microsoft Azure, and Google Cloud.
Meta is in talks to ren...
Pentagon Chief Backs Blue Angels Pilots Following Low-Altitude Pass Over Florida Beach Crowd -
Pentagon Chief Backs Blue Angels Pilots Following Low-Altitude Pass Over Florida Beach Crowd
Authored by Kimberley Hayek via The Epoch Times,
War Secretary Pete Hegseth offered support for U.S. Navy Blue Angels pilots on Thursday after a review of a low-altitude jet maneuver over Pensacola Beach, Florida, the day before.
Dramatic video shows the U.S. Navy Blue Angels making a lo...
Musk Buys Florida-Based Energy Company -
Musk Buys Florida-Based Energy Company
Authored by Jill McLaughlin via The Epoch Times,
Elon Musk has acquired a power company based in Jacksonville, Fla., paying $1 billion for the mobile gas-turbine provider as a possible solution to data center energy needs.
The Federal Trade Commission (FTC) lists Musk as the acquiring party, with New APR Energy, LLC listed as the acquired ...
US Sends Dozens More Refueling Planes To Israel Amid Widening Iran War, Oil Climbs -
US Sends Dozens More Refueling Planes To Israel Amid Widening Iran War, Oil Climbs
Summary
Surge in more large US refueling planes headed to Mideast, signaling likely expansion of strikes on Iran.
US attacks hit Iranian energy and transport infrastructure.
Iran threatens stronger retaliation and claims strike on US base in Qatar - and deepens attacks to include US outposts in Jo...
NY Times Asks Court To Throw Out Subpoena Of Its Reporters -
NY Times Asks Court To Throw Out Subpoena Of Its Reporters
Authored by Stacy Robinson via The Epoch Times,
The New York Times on July 15 asked a court to toss out grand jury subpoenas of three of its reporters who published a story about the new Air Force One plane that Qatar gifted to President Donald Trump.
The paper published the story earlier this month alleging the new pla...
IRGC Targets US Command Center In Syria In Unprecedented Attack -
IRGC Targets US Command Center In Syria In Unprecedented Attack
Iran's large-scale 'retaliation' on US bases and Gulf states overnight included a rare first if confirmed. The Islamic Revolutionary Guard Corps (IRGC) said it conducted a missile or drone attack on an American special operations command center at al-Tanf in Syria on Friday.
The action came after the US bombed Iran fo...
MarketWatch - Top Stories
Taylor Farms to recall iceberg lettuce that may be the cause of the cyclospora outbreak -
The California-based company is one of the largest producers of salad greens in the U.S.
Why Trump’s speech on U.S. elections may have been bad for markets -
The president focused in part on accusing China of “sinister election meddling” in 2020.
‘They are relentless’: A scammer is trying to change the email on my empty Robinhood account. What do they have to gain? -
“I’ve just been ignoring their attempts.”
My wife’s 2011 Ford Fiesta was totaled. Should we accept a $2,000 insurance settlement or give up the car for $2,700? -
“The hood is bent, the radiator is cracked, and the front bumper is destroyed.”
How to find the best mortgage rate — it could save you $3,300 a year -
Buyers who skip comparison shopping often end up considerably overpaying for their mortgage.
A bad health diagnosis will upend your financial plan, but you can set it right again -
What it’s like to get end-of-life financial advice from a CFP who’s also a death doula
Here’s the net worth you need to start getting ahead in your 20s, 30s, 40s and beyond in the U.S. -
About three-fourths of Americans lack the wealth needed to prosper in today’s economy, according to a new benchmark developed by the Aspen Institute.
Are you silently freaking out about retirement? It may not be as bad as you think. -
Amid all the gloom and doom, there are ways to change the math in your favor.
Bond yields are sending a new signal about Fed rate hikes -
The benchmark 10-year Treasury is looking like a safety play during a sharp unwind in chip stocks
I racked up $35,000 in credit-card debt. Should I file for bankruptcy? -
“I’m also considering working with a credit-counseling agency or enrolling in a hardship program.”
CNBC Top News
CNBC Economy
GATA
Bloomberg begrudgingly acknowledges gold's strong performance -
11:26a ET Friday, July 17, 2026
Dear Friend of GATA and Gold:
What's notable about the commentary below, "A Believer's Guild to Buying Gold Now," isn't anything asserted in the commentary itself but that it was first published today on the Bloomberg news internet site, which long has treated gold only with great resentment.
... Dispatch continues below ...
... ADVERTISEMENT ...
Fisher Precious...
Gold price fall is a 'feint' by central banks to cover their own purchases, Piepenburg says -
9:24a ET Friday, July 17, 2026
Dear Friend of GATA and Gold:
Von Greyerz Gold Switzerland partner Matthew Piepenburg, commenting this week during Rick Rule's Symposium in Boca Raton, Florida, says governments and central banks have engineered the recent decline in gold prices to facilitate their own urgent acquisition of metal amid a "sea change" in the world's financial system. The price decli...
New Trump 'gold coin' won't contain any gold -
Trump Dollar 'Gold Coin' to Go into Production
By Gareth Vipers and Richard RubinThe Wall Street JournalWednesday, July 15, 2026
President Trump has added his name or likeness to federal buildings, an airport, bridges and even some passports. Now the U.S. Mint is striking a one-dollar coin featuring his face, in a rare and controversial move to put a sitting president on American money.
Treasur...
China takes control of physical gold pricing by month end, Maguire says -
5:26p ET Thursday, July 16, 2026
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program that China's physical gold market based in Shanghai and Hong Kong is ready to replace the "paper" gold system based in London and New York and, in effect, give gold backing not just to the Chinese yuan but also to the Russi...
Ghana president's brother maneuvers to seize big gold project -
By Jonathan ClaytonMiningMX, Rivonia, South AfricaWednesday, July 15, 2026
A company owned by the billionaire brother of Ghana's president is accused of waging a campaign of "industrial espionage" to seize a major gold project from international investors, according to allegations supported by leaked emails seen by Miningmx.
The emails, which have been reviewed by this publication, appear to sh...
Wolf Street
CoinDesk
Polymarket traders cut Clarity Act passage odds to record low as Senate delay drags on -
Polymarket bettors have cut the odds of the CLARITY Act passing this year to a record low as Senate negotiations over ethics provisions remain unresolved.
Stripe and Swift race to control the next generation of global payments infrastructure -
Crypto and blockchain experts say this week's moves show the two established finance companies are increasingly competing for control of the infrastructure behind digital payments.
Cardano hands core development to outside teams in decentralization push -
Input Output will transfer control of the Haskell node, Plutus, Hydra and other components as founder Charles Hoskinson says the network must change and start growing again.
Inside Robinhood’s high-stakes bet to onboard 10 million casual users onto decentralized finance -
The company says its advantage lies in bringing retail customers onchain, but early activity remains dominated by memecoins, while its original tokenization vision remains small.
Japan's SBI Group is building Asia's first cross-border digital asset empire -
The securities giant announced today the consolidation of Singapore-based Coinhako as part of a rapid regional expansion that includes a tokenization partnership with Ondo Finance.
Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark -
Moonshot's Kimi K3 took the top spot in frontend coding away from Claude and OpenAI, and it's free. Semiconductor stocks fell, and crypto fell with them.
AI frenzy losing steam leaves bitcoin less volatile than South Korean stocks -
Your day-ahead look for July 17, 2026
Live markets: Bitcoin returns to $63,000 as Nasdaq trims large early loss -
A deepening global selloff in chipmakers dragged risk assets lower, pulling bitcoin back from the $65,000 level it reached on this week's soft inflation print.
Risk-off wave drags bitcoin below $63,000 as AI selloff spreads from stocks to crypto -
Crypto fell as AI stock fatigue and U.S.-Iran tensions weighed on sentiment, though a technical measure hints at oversold conditions heading into the weekend.
Airbnb CEO says X account was hacked, attacker posted AI-slop on tokenization -
Brian Chesky regained control of his account and told any new crypto followers he would be a "disappointing follow".
bitcoin.com
Bitcoin Traders Pull BTC Below $63K as Middle East Tensions Trigger Fresh Risk-Off Selling -
Bitcoin fell for a second straight day, dropping 1.4% to trade just under $63,600. It hit a session low of $62,732 early Friday, trimming its market cap and dragging the aggregate crypto market capitalization down 1.8% to $2.26 trillion. Tech Sell-Off and Geopolitical Tensions Weigh on Markets Bitcoin trended lower for a second consecutive day […]
Tether’s USDT Is Adding Over 30 Million Wallets Every Quarter, CEO Paolo Ardoino Says -
Tether CEO Paolo Ardoino says USDT’s user base is growing by more than 30 million wallets per quarter, extending the stablecoin’s lead as its market capitalization hovers near record levels. Growth That Shows No Signs of Slowing Down Ardoino’s latest growth figure is the newest in a series of adoption statistics the chief executive has […]
Investors Push $79M Into Bitcoin ETFs as Ether Funds Lose $28M -
Crypto ETF demand split sharply on Thursday, July 16, as bitcoin products drew $79.15 million while ether funds lost $28.04 million. XRP and Solana ETFs also attracted fresh capital, while T. Rowe Price launched a multi-token fund with an unusually large HYPE allocation. Bitcoin ETFs Extend Their Inflow Streak to Three Days Wall Street’s crypto […]
A16z-Linked Whale Dumps $28 Million in HYPE as Token Slides 10% in a Day -
A whale wallet linked to venture firm Andreessen Horowitz (a16z) deposited 437,000 HYPE worth $28.38 million to exchanges over two days, as HYPE fell by nearly 11%. HYPE Faces Increasing Market Pressure The whale moved the tokens onto Hyperliquid itself along with centralized exchanges OKX, Bybit and Gate, the standard route for converting a large […]
Grant Cardone Stacks Another 10.5 Bitcoin From July Rent Cash Flow, Keeping Holdings Above 2,700 BTC -
Real estate mogul Grant Cardone said Cardone Capital added another 10.5 BTC from July property cash flow, bringing his total keep somewhere around 2,700 BTC. A Growing Stack That Shows No Sign of Stopping Cardone disclosed the purchase earlier today, the latest in a string of monthly buys funded by rent checks rather than debt […]
Reason
Short Circuit: An inexhaustive weekly compendium of rulings from the federal courts of appeal -
Financial surveillance, impaired contracts, and games of gotcha.
Helpful Judges -
A footnote from today's D.C. Circuit opinion by Judge Justin Walker in U.S. v. Littlejohn; the underlying issue was whether…
The post Helpful Judges appeared first on Reason.com.
This Biotech Company Has Spent Nearly 3 Years in FDA Limbo -
The FDA says it can't license Regenative Lab's overseas sales today because it might change its regulations tomorrow. Now, the company is suing.
Judge Faults Federal Government Lawyer for Apparent AI Hallucination -
From Judge Hala Jarbou (W.D. Mich.) yesterday in Daghra v. Hinkley: Petitioner, a United States Immigration and Customs Enforcement detainee,…
The post Judge Faults Federal Government Lawyer for Apparent AI Hallucination appeared first on Reason.com.
My New Boston Globe Article on Trump's Bogus Election Fraud Claims -
It explains why Trump is wrong and how federalism can help counter his efforts to subvert the 2026 midterm elections.
Pentagon Journalist Escort Requirement Can Continue Pending D.C. Circuit Decision -
From yesterday's decision in N.Y. Times Co. v. U.S. Dep't of Defense, by Judges Karen LeCraft Henderson and Patricia Millett,…
The post Pentagon Journalist Escort Requirement Can Continue Pending D.C. Circuit Decision appeared first on Reason.com.
Court Rejects Claim That Allowing Allegedly Biologically Male Student in Girls' Restroom Violates Equal Protection Clause and Title IX -
From F.F. v. Valley View Comm. Unit School Dist. 365U, decided Monday by Judge Sharon Johnson Coleman (N.D. Ill.): Plaintiff…
The post Court Rejects Claim That Allowing Allegedly Biologically Male Student in Girls' Restroom Violates Equal Protection Clause and Title IX appeared first on Reason.com.
D.C. Circuit Upholds 5-Year Sentence for Leaker of Trump's and Others' Tax Returns -
From U.S. v. Littlejohn, decided today by D.C. Circuit Judge Justin Walker, joined by Judges Neomi Rao and Judith Rogers:…
The post D.C. Circuit Upholds 5-Year Sentence for Leaker of Trump's and Others' Tax Returns appeared first on Reason.com.
Trump Threatens To Revoke ABC and NBC Licenses for Not Broadcasting His Election Speech -
As someone should have explained to him by now, that's not how it works.
My New Jotwell Review of Anna Law's Book "Migration and the Origins of American Citizenship" -
The book is an important new account of the early constitutional and political history of American migration policy.
Cato Institute
Tenth Amendment Center
Constitution: The REAL Reason it Even Exists. -
The founders knew - freedom cannot exist with a government - that doesn’t have strict rules, a clear line in the sand that it’s not allowed to cross. In other words, when government determines the extent of its own power. On this episode, how lessons learned in the American Revolution gave birth to the written constitution. And more importantly, the real reasons it exists - that the government-...
The Foundation of the Constitution: Top-5 Principles from the American Revolution -
Thomas Jefferson called the 10th Amendment the "foundation of the Constitution," and for good reason too. It enshrines many of the radical principles that sparked the “real American Revolution” in the years before the War for Independence.
The post The Foundation of the Constitution: Top-5 Principles from the American Revolution appeared first on Tenth Amendment Center.
Five Weapons. One Target: Your Freedom. -
The top tools of tyrants aimed right at your liberty. Washington, Webster, Paine, Madison, and more - they saw every one of them coming and warned us. On this Episode - what they use against us and what’s self-inflicted.
The post Five Weapons. One Target: Your Freedom. appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
Victory! Flock Ends Rollout of Audio “Distress Detection” of Human Voices -
Reversing course, Flock Safety—the surveillance technology vendor most known for its extensive network of automated license plate readers—has announced that it will end a pilot for its acoustic gunshot detection devices to identify signs of “human distress.”
In October 2025, EFF warned the public that Flock was rolling out a new feature called “Distress Detection” that would be deployed through...
Your Vision. Your Legacy. Your Future. -
This month, we celebrate 36 years of EFF and a mission that is bigger than any one of us. Thanks to EFF, communities around the world are demanding that technology protects their freedom, advances justice, and opens doors to opportunity. That's not a small thing—it's a life's work worth continuing.
If you are committed to staying on the cutting edge of digital rights issues, I'd like to invite ...
How the Watch Dogs Video Game Series Mirrored and Predicted Real-World Digital Rights Issues -
When Ubisoft's Watch Dogs 2 was released in 2016, it was a headtrip for those of us working on digital-rights issues in the Bay Area. During the day, I'd fight tech-authoritarianism from EFF's San Francisco offices and then, at night, I'd fight tech-authoritarianism in an uncanny simulation of San Francisco from my home gaming console.
Watch Dogs 2 is an open-world video game that follows a h...
The Institute For Justice - Press Releases
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
WY: Which Candidates Will Defend Your Gun Rights? -
The Wyoming Primary Election is quickly approaching, and your vote will help determine who will defend your Second Amendment rights in the years ahead. Gun Owners of America has completed our candidate evaluations and issued letter grades for a number of candidates across Wyoming based on their records, voting histories, responses to GOA’s candidate survey, and demonstrated commitment to protec...
DOJ Fights Us on NFA and GOA Files PA Lawsuit -
From the ATF issuing a new rule, strengthening the definition of “willfully” to protect FFLs and gun owners, to the Department of Justice fighting us on our lawsuit against the NFA’s registration requirements, and filing our latest lawsuit against the State of Pennsylvania… GOA has been busy. You deserve an update. Recently, the ATF issued a new Notice of Proposed Rulemaking indicating they are...
Gun Owners of America & Fuerza 2A Endorse Blaise Ingoglia for Florida Chief Financial Officer -
Gun Owners of America & Fuerza 2A Endorse Blaise Ingoglia for Florida Chief Financial Officer FOR IMMEDIATE RELEASE July 9, 2026 TALLAHASSEE, FL — Gun Owners of America (GOA) and Fuerza 2A proudly endorse Blaise Ingoglia for Florida Chief Financial Officer. Throughout his service in the Florida Legislature, Ingoglia has consistently stood with Florida’s law-abiding gun owners and fought to ...
Banking Dive
American Banker
RIA buyers think 'market has reached its ceiling': DeVoe -
In its annual survey of industry consolidators, DeVoe and Co. detects signs that the upward march of RIA deal valuations may soon come to a halt.
Former CFPB enforcement directors launch public interest law firm -
Three former senior enforcement officials at the Consumer Financial Protection Bureau have launched Halperin Petersen & Mikkilineni LLP, a new public interest law firm; Ally Financial taps Mark Mathewson as chief information and data officer; Provident Bank names Anthony Petrazzuoli SVP, deposits & payments operations director; and more in this week's banking news roundup.
PayPal balks at Stripe acquisition offer -
PayPal's board of directors is reportedly unimpressed with Stripe and Advent International's $53 billion offer to buy the company. Analysts had speculated that the offer may be low, despite the fact that it came in at a 30% premium compared with other merchant processors.
Regulators answered half of banks' data-security asks -
Banks must tell regulators of a serious breach within 36 hours under a codified rule. Regulators say they will tell banks 72 hours of their own data breaches, in a memo nobody can enforce.
Wise bets on its bank workaround to entice investors -
By establishing direct connections to clearing networks such as Japan's central bank, the cross-border payment firm avoids intermediaries, feeding its strategy to undercut traditional financial institutions.
Bank of International Settlements
The evolving nexus: sovereigns, banks and NBFIs -
by Stefan Avdjiev, Bryan Hardy, Maximilian JagerThis paper documents that the traditional sovereign-bank nexus has morphed into a broader nexus that now also includes non-bank financial institutions (NBFIs): the sovereign-bank-NBFI nexus. The classical sovereign-bank nexus has been a major financial stability concern following the eurozone crisis. Since then, sovereign debt levels have increase...
Geopolitical risk and emerging market sovereign risk premia -
by Fredy Gamboa, José Vicente RomeroThis study examines how geopolitical risk (GPR) transmits to sovereign credit risk in emerging market economies (EMEs), using monthly data on the 5-year sovereign credit default swap (SCDS) and the J.P. Morgan Emerging Markets Bond Index (EMBI) spread for 13 EMEs over the period of January 2005–October 2025. Using fixed-effects panel local projections, the fr...
The AI investment race -
by Phurichai RungcharoenkitkulThe AI build-out ranks among the largest technology-driven investment booms in US history. Its scale, reliance on debt and circular equity ties raise questions about the boom's sustainability and financial stability. We study a dynamic contest in which firms competing for a few dominant positions over-commit resources. The over-investment leaves the sector exposed ...
Federal Reserve - Press Releases
FDIC - Press Releases