BT’s pension fund lost £300mn on Thames Water
One of UK’s biggest private schemes wrote off stake in beleaguered utility in 2024
FEDS Paper: The Response of Equity Yields to a Long-Run Shock
Martijn Boons, Anthony M. Diercks, Petra Sinagl, and Andrea TamoniWe study how macroeconomic developments affect asset prices by analyzing the response of equity yields to a well-identified long-run growth shock. Using synthetic equity yield data from Giglio et al. (2024), we show that a positive long-run shock steepens the equity yield curve by increasing expected dividend growth while leaving discount rates largely unchanged.
Drone start-up Stark wins more funding from Peter Thiel-backed firm
US billionaire’s fund participated in €500mn funding round despite previous criticism of company’s links with financier
How to surf turbulent markets
Is the wild ride worth it?
Trump Gives Teamsters a Chance to Shed Oversight Meant to Curb Mob Ties
Sean M. O’Brien, re-elected to a second term leading the union, has used a relationship with President Trump to end court-ordered corruption monitoring.
How Alan Greenspan’s stint as President Ford’s top economic adviser cemented his passion for public service and prepared him to lead the Fed
Alan Greenspan, seated left, said working for President Gerald Ford, sitting next to him, was more interesting than helming the Fed.
US giving grew 3% in 2025, crossing the $600B mark for the first time
The estate of Microsoft co-founder Paul G. Allen, who died in 2018, made a big charitable bequest in 2025. AP Photo/John FroschauerU.S. charitable giving rose 3% in 2025, surpassing US$600 billion for the first time.
America’s Thirst for Gasoline May Not Recover After Iran War
People drove less and bought more-efficient cars when fuel prices surged, habits that could stick over the long term.
Greece faces prolonged price pressures despite US–Iran deal
The Greek authorities will have welcomed the MoU signed between the US and Iran as a first decisive step towards a lasting resolution of the conflict, although a 60‑day period remains in which outstanding issues must be resolved before a final deal is reached.
Five years of the ECB Survey of Monetary Analysts: evolution and insights
The Survey of Monetary Analysts (SMA) is a valuable information set for understanding the expectations of financial market participants regarding monetary policy and macroeconomic developments in the euro area. This article reviews the evolution of the SMA over the past five years, highlighting key development milestones, including changes to the panel, questionnaire and analytical use of the survey. It explains how SMA data enhance regular monetary policy assessments and the understanding of expectation formation.
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