(Bloomberg) — As markets staged a monster rally following the Federal Reserve’s shift toward loosening monetary policy, one corner of the financial system had reason to remain on edge. Most Read from Bloomberg For participants in the overnight funding markets — a key conduit for bank borrowing and linchpin for determining interest rates — Wednesday’s […]
University of Pennsylvania President Liz Magill’s job is increasingly at risk as university donors, lawmakers in both parties, alumni and Jewish groups have piled on criticism after her disastrous congressional testimony on antisemitism this week. The Penn Board of Trustees will hold a meeting on Sunday at 5 p.m., the Philadelphia Inquirer reported, where Magill’s […]
By Lucinda Elliott, Joe Cash and Maximilian Heath BUENOS AIRES/BEIJING (Reuters) – Argentina’s President-elect Javier Milei has a China conundrum. The libertarian economist insulted communist-run China in a fiery campaign, but takes office on Sunday needing the country’s second-largest trade partner more than ever as a recession looms and foreign currency reserves run dry. Since […]