Fresh coverage on the economy, markets, and the forces moving money.
President Trump launched Project Freedom to extract neutral civilian cargo ships currently trapped in the Strait of Hormuz by the U.S.-Iran conflict.
Economist Gary Shilling warns that a 30% stock market correction is likely by year-end as consumer spending and business investment weaken.
U.S. Central Command is deploying 15,000 service members and more than 100 aircraft to escort stranded merchant vessels through the Strait of Hormuz.
Federal Reserve Governor Michael Barr warned that failures in the $1.8 trillion private credit market could trigger a psychological contagion and a broader credit crunch.
Federal Reserve Chair Jerome Powell warned that Middle East conflict and $100 oil prices are disrupting the path toward interest rate cuts.
Brent crude surpassed $125 a barrel on April 30 as a U.S. naval blockade and the closure of the Strait of Hormuz trapped 14 million barrels of daily supply.
Dan Spillane said prediction markets could tempt players, officials, and staff to influence games through officiating or injuries.
U.S. publicly held debt hit $31.265 trillion on March 31, topping 100% of GDP for the first time since World War II.
Homeownership rates for people under 35 have fallen as family wealth becomes a key backstop for entry-level purchases.
Brent crude jumped above $125 a barrel after the Strait of Hormuz shut down and a ceasefire collapsed.
Barclays and Aegon warned the credit rally could fade if earnings weaken or Middle East tensions flare.
The CBO expects the debt-to-GDP ratio to rise to 120% by 2036 as interest costs drive future deficits.
