Treasury secretary notes Fed QT program as one factor Bessent says rejigging US debt sales will be ‘path dependent’ Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance is some ways off, given...

Mercor uses AI to help with hiring for employers and workers Felicis, General Catalyst and Menlo backed $100 million deal Artificial intelligence-powered hiring startup Mercor has notched a valuation of $2 billion in a new funding round — a massive markup for the...

Larry Fink built the world’s biggest asset manager by making access to stocks and bonds easy. Can the same be done with more opaque assets?  Asset management has two great kingdoms. The purveyors of mutual funds and exchange-traded funds dominate the first and...

President suggests 20% returned, 20% going to cut deficit Musk, Trump push to slash government faces legal challenges President Donald Trump suggested that some savings from his federal cost-cutting effort, overseen by billionaire Elon Musk, could be sent back to US...

Spending shift would affect 8% of US defense spending AI-focused Palantir has become major government contractor Palantir Technologies Inc. shares fell 10% on Wednesday, and continued to slide in after-hours trading, following a report that US Defense Secretary Pete...

BRC says half of consumers expect worsening in economy Household morale has been weakened by Labour’s tax hikes Confidence among UK households slipped to a new low under the Labour government, as consumers brace for higher prices and businesses warn of a hiring hit...