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Japan’s Power Prices Hit Six-Week High on Heat Wave, Gas Crunch

Japan’s spot power price climbed to a six-week high as rising temperatures in the capital city lifted consumption, while renewed disruptions to shipping through the Strait of Hormuz drove up fuel costs.

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Three Inflation Misses Bring Little Joy to Bearish Gilt Traders

Three consecutive downside inflation surprises and the slowest private-sector wage growth since 2020. It should be enough to convince investors that the Bank of England is entertaining interest rate cuts.

Boomer Wealth Transfer Set to Favor America’s Richest Families

An unprecedented transfer of wealth in the coming decades is likely to disproportionately benefit America’s most affluent families, boosting their fortunes by trillions of dollars, according to a July report…

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