The concessions secured by the “cockroach movement” amount to more than a triumph for prospective medical students or a brief political headache for the country’s ruling party. They prove that even after years of centralization and institutional erosion, power remains with the people.
The latest joint action from the US and Japan has definitely brought back the buzz to the major currencies space. We all knew Japan intervention was on the cards and it was proven to be the case on Thursday last week. And the market response was as you would expect, before Japan called for additional…
Minutes Item 1 – Introduction The Chair opened the meeting, thanking members for sending across their wildlife nominations. The Chair provided an overview of the previous meeting including reiterating the Bank’s objectives for secure banknote design and reminding members about the suggested guidance discussed at the previous meeting. The Panel discussed the response to the…
Cheng Xin | Getty Images News | Getty Images Humana on Wednesday reported second-quarter results that topped estimates, as the health insurer’s spending on medical services came in line with expectations. The company also maintained its 2026 adjusted profit outlook of at least $9 per share. The earnings beat was driven by strength across Humana’s…
We thank Andrew Chen (discussant), Ingrid Tierens, Stefan Nagel, and conference and seminar participants at The Future of AI in Asset Management Conference at Chicago Booth, the ABFR Seminar, Baruch College, Columbia University, and the University of Utah for helpful feedback and suggestions. For financial support, Koijen thanks the Center for Research in Security Prices…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 17, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT The Federal Open Market Committee approved the following statement for release by a 12…
Exchange of letters between the Governor and the Chancellor
NEW DELHI—For those accustomed to viewing Indian democracy through the prism of grand electoral contests or warnings about institutional erosion, recent weeks have provided a refreshing demonstration of democracy’s resilience. What began as provocative online satire exploded into one of the most remarkable—and successful—youth-led political movements in modern Indian history.