Australia central bank hikes rates to a near 1-year high as Iran war raises inflation risks

Australia central bank hikes rates to a near 1-year high as Iran war raises inflation risks

Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a press conference in Sydney, Australia, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank on Tuesday raised benchmark policy rates for a second straight time, pushing them to their highest since April 2025 at 4.1%, amid sticky…

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NCAA Tournament Fields Staying at 68 Teams in 2026, Future Growth Is Possible

NCAA Tournament Fields Staying at 68 Teams in 2026, Future Growth Is Possible

The NCAA men’s and women’s basketball tournaments will not expand beyond 68 teams in 2026, but future growth remains on the radar. “Expanding the tournament fields is no longer being contemplated for the 2026 men’s and women’s basketball championships,” Dan Gavitt, NCAA senior vice president of basketball, said in a statement on Monday. “However, the…

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Private credit’s boom could trigger the next financial crisis

Private credit’s boom could trigger the next financial crisis

Private credit has swiftly emerged as one of the hottest corners of global finance, and its rapid rise is prompting alarm bells. Once a niche player catering to middle-market borrowers — or companies that fall between small businesses and large corporations, which are typically underserved by traditional banks — private credit has grown into a $1.7 trillion industry ….

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