shadow banks

Private Equity

Private Equity Wants Everyone’s Credit Card Debt

(Photo Credit: Avery Evans/Unsplash)

The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.

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Photo by Ernie Journeys via Unsplash

Banking

US Lenders Have $1 Trillion Tied Up in Shadow Banks

The total reflects big banks’ increasing use of alternative financial institutions that are using the funds for riskier bets.

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Photo by News Øresund – Kristoffer Dahl via CC BY 3.0

Healthcare

AI Wants to be the Future of Drug Discovery

Novo Nordisk on Wednesday announced an expanded deal with healthtech firm Valo Health to use AI to fuel drug discovery.

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Photo by WORKSITE Ltd. via Unsplash

Energy

Oil Prices Trapped Between Falling US Crude Inventories and Rising Gasoline Stockpiles

A spill of new data Wednesday sent oil futures slipping and sliding in opposite directions. So is Big Oil’s tank is half-full or half-empty?

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Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Markets

Yield on 10-Year Treasury Note Touches 18-Year High as Inflation Indicators Mount

On Tuesday, the overall yield on the US 10-Year Treasury Bond touched its highest intraday point, 4.699%, since last spring.

2 min read

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