Blackstone targets £1bn sale of Birmingham’s NEC
Deal to sell events complex would mark latest exit by US private equity firm from UK leisure industry
Job Gains Disguise Weakness Beyond Service Industries
The unemployment rate rose in September as more people looked for jobs, according to data delayed by the government shutdown.
September Jobs Report Injects More Uncertainty Into Fed’s December Decision
Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
Top Fed official warns on risk hedge funds pose to $30tn Treasury market
Lisa Cook says growing prevalence of so-called basis trades makes markets ‘more vulnerable to stress’
One small change Rachel Reeves could make to close tax loopholes and raise revenue
Myvector/ShutterstockWhatever decisions Rachel Reeves makes in her second budget as UK chancellor, it is clear that she needs to find lots of money. Some argue that the best and fairest way of doing this is to raise the taxes of the country’s wealthiest people.
Successive UK governments keep failing on fraud – and the problem is only getting worse
In the UK alone, fraud is thought to cost the economy £219 billion per year. tete_escape/ShutterstockFraud is now the most common offence in the UK accounting for more than 40% of reported crime.
Job Gains Disguise Weakness Beyond Service Industries
The unemployment rate rose in September as more people looked for jobs, according to data delayed by the government shutdown.
Blue Owl’s clever private-to-public deal makes investors see red
Private capital firm has cancelled a planned merger between two affiliates that lend to middle-market companies
FEDS Paper: Settlement Speed and Financial Stability
Agostino Capponi and Jin-Wook ChangThis paper investigates how settlement speed affects financial stability in payment networks, taking into account netting benefits, liquidity costs, and counterparty risks. Our analysis reveals that faster settlements have ambiguous effects on systemic risk and social welfare. The optimal settlement speed is determined by the network structure and the trade-off between netting efficiency and liquidity costs on one hand, and the probability of counterparty defaults on the other.
Who is OpenAI’s auditor? (Update: it’s Deloitte)
Just asking
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