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In a striking critique of America’s fiscal outlook, billionaire investor and Citadel founder Ken Griffin issued a warning about the rising cost of insuring against a potential U.S. debt default. Speaking at the Forbes Iconoclast Summit on Thursday, Griffin described the current pricing of U.S. credit default swaps (CDS) as “unfathomable,” expressing disbelief that the…
Bitcoin managed to stay resilient above the $104,500 level on Thursday, brushing off intensifying concerns surrounding the U.S. national debt and new warnings from prominent voices in the tech and crypto sectors, including Coinbase CEO Brian Armstrong and Tesla chief Elon Musk. The leading cryptocurrency was trading at $104,749 early Thursday morning, marking a modest…
In a day filled with global market hesitation and cautious investor sentiment, key indices in both Europe and the US showed lackluster performance as traders digested two major developments: a fresh interest rate cut by the European Central Bank (ECB) and reports of a conversation between US President Donald Trump and Chinese leader Xi Jinping….
Global economic growth is projected to slow this year, largely due to U.S. tariffs imposed under President Donald Trump, according to a major international policy body. The Organization for Economic Co-operation and Development (OECD) has revised its global growth forecast down to a “modest” 2.9%, from an earlier estimate of 3.1%. The group cited a…
The UK government is planning to fast-track the overhaul of the country’s ageing flight paths, aiming to reduce journey times, cut delays, and increase the number of flights available to passengers. Ministers are expected to announce the launch of the UK Airspace Design Service (UKADS), a new body tasked with redesigning the flight routes that…
