U.S. private credit defaults rise as softer restructurings mask pressure
Signs of strain are building in U.S. private credit as a growing share of borrowers reaches maturity with higher funding costs and fewer easy exit »
AI is killing the grunt work, forcing companies to rethink entry-level hiring
At ad agency Catalyst, one junior employee can now handle five different client accounts. Previously, several were needed, according to founder Tobias Green. Now, AI tools »
"They Orchestrated the Bond Crisis" as Debt System Collapses | Francis Hunt
Fed’s Collins Says Rate Hike Will Help Return Inflation to Goal
Federal Reserve Bank of Boston President Susan Collins said she supported last week's decision to raise interest rates, which she said would help bring »
Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%
Mortgage rates soared to the highest level since 2024 last week, causing loan demand to fall back again and more borrowers to opt for riskier loans. »