How much should an AI agent cost? No one can agree — and it’s creating chaos.

Liquidity relief today, balance-sheet strain tomorrow: The very structures that make private credit nimble—PIK loans—could also mask risk until it’s too late. When GoHealth Inc. filed for Chapter 11 bankruptcy protection on June 7, the writing had been on the wall for two years. The Chicago-based health insurance marketplace had inked a payment-in-kind (PIK) deal…

Both the US and Europe are moving to create digital money, but neither has the right idea about how to do it. The key is to allow “narrow banks,” which issue money but not credit, to keep their reserves in central banks and provide capped interest payments to coin holders. LONDON—The debate over stablecoins and…

If you have money in a traditional IRA or 401(k), required minimum distributions (RMDs) are something you need to plan for carefully. RMDs are due each year by Dec. 31. And if you miss that deadline, you could face a steep 25% penalty on whatever sum you don’t remove. One strategy you may be considering…

There aren’t any major expiries to take note of on the day, with the full list seen below. The market mood as we look towards European trading later is more defensive with all eyes on the rout in tech shares. It is a bloodbath in Asia and while European indices may not be as tech…

The Euro (EUR) is giving away previous gains against the Japanese Yen (JPY) on Thursday, as investors position for the European Central Bank’s (ECB) monetary policy decision. The EUR/JPY pair, however, remains positive in daily charts, trading at the highest levels in nearly three months, with dips contained above previous highs at the 186.30 area….

On July 13, the field of economic education lost one of its leading educators, Dr. Mark C. Schug. I had the privilege of knowing Mark for many years and the honor of coauthoring Economic Episodes in Civics and American Government with him. This tribute aims to preserve the historical record of his remarkable career and…