U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of the world’s largest cryptocurrency on its balance sheet. Pompliano said in a statement that his financial services firm ProCap BTC would merge with Columbus Circle Capital I, a special purpose […]
Despite its small size, Lebanon’s chronic crises send financial shockwaves across the Middle East and North Africa. This column uses a Twitter-based index of economic policy uncertainty to track Lebanon’s instability and shows that it transmits financial shocks to seven MENA economies, with spillovers are strongest for Egypt, Jordan, and smaller Gulf states. Real-time policy […]
Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This premium, or ‘convenience yield’, allows governments to borrow cheaply. This column argues that sovereign bonds remain particularly valuable in comparison to other assets, such as stocks, only in disinflationary demand recessions. In inflationary supply recessions, […]
Gold prices rose to a two-week high on Tuesday as concerns over U.S. President Donald Trump’s tariff plans boosted interest in the safe-haven metal, while investors awaited the Federal Reserve policy meeting on Wednesday. Spot gold gained 0.9% to $3,362.69 an ounce as of 0632 GMT, after hitting its highest since April 22 earlier in […]
