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Fed’s Goolsbee, Schmid Offer Reasons for Rate Cut Dissent

Federal Reserve Bank of Chicago President Austan Goolsbee and Federal Reserve Bank of Kansas City President Jeff Schmid explained their reasons for dissenting against the US central bank’s decision to cut interest rates this week in separate statements released on Friday.

Federal Reserve Bank of Chicago President Austan Goolsbee and Federal Reserve Bank of Kansas City President Jeff Schmid explained their reasons for dissenting against the US central bank’s decision to cut interest rates this week in separate statements released on Friday. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)

Fed’s Paulson Sees More Risks to Labor Than Inflation

Federal Reserve Bank of Philadelphia President Anna Paulson expects inflation to cool next year but warned there is a risk of a further downturn in the labor market.

Federal Reserve Bank of Philadelphia President Anna Paulson expects inflation to cool next year but warned there is a risk of a further downturn in the labor market. Paulson said Friday in Delaware, “On net, I am still a little more concerned about labor market weakness than about upside risks to inflation.” (Source: Bloomberg)

Crypto speculation at 2024 lows as TradFi leveraged ETFs hit record $239B

Crypto investor demand for memecoins remains at lows not seen since 2024, despite a growing speculative appetite that has boosted TradFi leveraged ETFs to a record $239 billion.

Crypto investor demand for memecoins remains at lows not seen since 2024, despite a growing speculative appetite that has boosted TradFi leveraged ETFs to a record $239 billion.

Big tech’s ‘elite victim complex’

Acolytes of the broligarchs have a grip on key nodes of Washington’s power ministries.

Acolytes of the broligarchs have a grip on key nodes of Washington’s power ministries

New Jersey Declares State of Emergency Over Propane Supply

New Jersey Governor Phil Murphy declared a state of emergency effective Friday over a potential propane shortage for home and commercial heating after a service disruption at a major plant in Pennsylvania.

New Jersey Governor Phil Murphy declared a state of emergency effective Friday over a potential propane shortage for home and commercial heating after a service disruption at a major plant in Pennsylvania.

Ether price rallied 260% last time this happened: Can ETH reach $5K?

A buying opportunity from Ether’s realized price projected a major rally, as analysts said a return to $5,000 in 2026 is plausible.

A buying opportunity from Ether’s realized price projected a major rally, as analysts said a return to $5,000 in 2026 is plausible.

Ukraine would join EU next year under draft peace plan

Move backed by Brussels would transform the bloc’s approach to admitting new members.

Move backed by Brussels would transform the bloc’s approach to admitting new members

Canadian Private Lender Mimics Apollo Playbook With New Vehicle

SAF Group is charging into a corner of private credit long dominated by Apollo Global Management Inc.

SAF Group is charging into a corner of private credit long dominated by Apollo Global Management Inc. and Brookfield Corp., launching an insurance-backed investment vehicle to fuel lending to borrowers starved of flexible financing. If followed by others, the move could help redraw the contours of the Canadian private credit market.

Cobepa CEO Warns of Private Equity Challenges Amid Thriving Secondaries Market

Jean-Marie Laurent Josi, CEO of Cobepa, highlights potential downturns in the private equity sector while emphasizing the resilience provided by the secondaries market. Cobepa, a Brussels-based firm managing €5.1 billion in assets, continues to grow its portfolio through strategic investments in the U.S., including stakes in Sax and Eagle Fire.

Carnelian Energy Capital to Divest Major North American Oil and Gas Assets Amid Market Uncertainty

Carnelian Energy Capital is seeking to sell six significant North American oil and gas investments, which could account for 40% of its overall portfolio. The firm is reportedly in advanced discussions to sell Hawthorne Energy and Veritas Permian III, with total asset values ranging from a few hundred million dollars to over $1 billion.

Top Fed officials warn central bank must not be complacent on inflation

Kansas City’s Jeff Schmid says long-term borrowing costs will rise if policymakers lose their ‘credibility’.

Kansas City’s Jeff Schmid says long-term borrowing costs will rise if policymakers lose their ‘credibility’

US Seizure of Venezuela Oil Tanker Risks Amping Up Economic Pain

Venezuela faces a fresh financial shock after the US seized a sanctioned oil tanker off its coast, a move that could choke off one of the few remaining revenue streams for a nation again on the brink of hyperinflation.

Venezuela faces a fresh financial shock after the US seized a sanctioned oil tanker off its coast, a move that could choke off one of the few remaining revenue streams for a nation again on the brink of hyperinflation.

Hedge-Fund Manager Who Got Stock Rally Wrong Still Nabs 79% Gain

Bill Harnisch didn’t believe in the stock rally.

Bill Harnisch didn’t believe in the stock rally. He still crushed it.

Fed’s Paulson Sees More Risks to Labor Market Than Inflation

Federal Reserve Bank of Philadelphia President Anna Paulson said Friday she expects inflation to cool next year though she cautioned there is a risk of a further downturn in the labor market.

Federal Reserve Bank of Philadelphia President Anna Paulson said Friday she expects inflation to cool next year though she cautioned there is a risk of a further downturn in the labor market.

Costco’s profits rise as pizzas, pies and Black Friday see record sales

Costco shows investors a mixed financial snapshot on Thursday.

Costco shows investors a mixed financial snapshot on Thursday.

America needs to get tough on technology — not make Nvidia chip deals with China

Chip-import dependence is a national-security threat.

Chip-import dependence is a national-security threat. A “chip-for-chip” tariff could be a $230 billion revenue windfall and spur U.S. semiconductor production.

Lululemon’s ousting of CEO draws praise from activist founder Chip Wilson

Yoga-apparel retailer’s CEO joins the ranks of departing retail executives after tumultuous year.

Yoga-apparel retailer’s CEO joins the ranks of departing retail executives after tumultuous year.

Germany Summons Russia Envoy Over ‘Massive’ Rise in Cyberattacks

Germany’s foreign ministry summoned the Russian ambassador in Berlin and made it clear there’ll be consequences for hybrid attacks backed by the government in Moscow aimed at undermining democracy.

Germany’s foreign ministry summoned the Russian ambassador in Berlin and made it clear there’ll be consequences for hybrid attacks backed by the government in Moscow aimed at undermining democracy.

Germany Summons Russian Envoy Over Surge in Cyberattacks

Germany’s foreign ministry summoned the Russian ambassador in Berlin and said it made it clear there’ll be consequences for hybrid attacks backed by the government in Moscow aimed at undermining democracy.

Germany’s foreign ministry summoned the Russian ambassador in Berlin and said it made it clear there’ll be consequences for hybrid attacks backed by the government in Moscow aimed at undermining democracy.

Waters Corporation to Acquire Becton, Dickinson's Biosciences Division in Strategic Merger

Waters Corporation has entered into a definitive agreement to merge with Becton, Dickinson and Company's Biosciences & Diagnostic Solutions business. This transaction aims to enhance Waters' position as a leader in life science tools and diagnostics, with expected synergies totaling $345 million.

In a significant strategic move, Waters Corporation has announced its plans to merge with Becton, Dickinson and Company’s Biosciences & Diagnostic Solutions business. This merger, formalized in a definitive agreement dated July 14, 2025, is poised to bolster Waters' capabilities in high-growth markets within the life sciences sector. The deal is anticipated to create substantial value for both companies by leveraging complementary technologies and customer channels. ### Key Players Involved The primary entities in this...