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The 49-year-old, who has hosted "Last Week Tonight" since April 2014, opened up about the "huge honor" over the weekend.

The 49-year-old, who has hosted "Last Week Tonight" since April 2014, opened up about the "huge honor" over the weekend.

“Don’t make my little girl face the firing squad," said Brooke George's mom, Tess.

Things got personal between former teammates in the Mariners-Guardians game on Sunday.

Whether you're betting on the World Cup, you can use the Fanatics promo code NYPOST to bet $20 and get $350 in bonus bets.

A few sleepers could outrun their odds at Wimbledon this month.

Harry Collett, meanwhile, struggled to stay awake: "I can't snore being a corpse, can I?"

"The American dream is the ability for individuals, no matter where they come from or what their label or disability may be, to find success," says Meghan LeFevers.

SAN DIEGO — This is over. Like, over-over. With a 4-2 victory over the Padres on Sunday at Petco Park, the Dodgers extended their division lead over their little brothers to a season-high 10 games. The Dodgers’ Mookie Betts (50) and his teammates have opened a 10-game lead over the rival Padres. The Dodgers won’t...

Legal experts said at least one of Jennifer Siebel Newsom's nonprofits raises significant questions about compliance with federal tax-exempt charity laws.

The car-maker found AI quality checks failed to match the skill of veteran technicians.

The transaction is expected to close in about a year, subject to regulatory and board approval.

The past four years have made it easy to forget what she looked like when she left.

Bursting Of AI Bubble, Collapse Of Circular Deals Are Among Top Risks To Global Financial System, BIS Warns

An artificial-intelligence bust (and thus bubble), inflation and fiscal stress are the three the most alarming threats to global prosperity at present, the Bank for International Settlements warned. In its annual report published on Sunday, the Basel-based institution - better known as the central banks' central bank - cited those on a list of “pressure points” that currently “demand attention,” with underlying financial vulnerabilities lurking that could amplify any shock.

“The global economy remains caught in the crosscurrents of progress and peril,” Basel officials said in the report. “Resilience is being increasingly tested and strained.”

The assessment highlighted AI-led risks prominently in a report that arrived on the eve of the ECB’s three-day annual symposium in Sintra, where a host of global policymakers will also scrutinize such stability dangers closely.

“Disappointment in returns could trigger a sudden pullback in financing and turn the capex boom into a protracted investment bust, with potential knock-on effects on financial conditions,” the BIS said, before observing that “a major equity-market correction could have larger macroeconomic consequences today than in the past.” 

Besides AI, the Basel officials went on to note that other assets could face similar dangers, and highlighted credit in particular.

“Repricing of risk this time, whether triggered by higher interest rates or an AI bust, has the potential to be similarly disruptive” in that segment to the 2008 Global Financial Crisis, the BIS said. 

On AI specifically, officials highlighted vulnerabilities linked to funding, including complex arrangements such so-called “circular financing” deals that can mix equity and debt with supplier-client contracts (as discussed here "The $1.8 Trillion Off-Balance Sheet Time Bomb At The Heart Of The AI Supercycle"). 

For instance, chipmakers and hyperscalers take stakes in AI labs or neocloud providers, who in turn commit to multi-year purchases of chips or computing power, the BIS said. Data center construction is more frequently outsourced to third parties that lease facilities back to hyperscalers on long-term contracts with embedded exit clauses.

Source: Morgan Stanley

“The terms of such deals are typically poorly disclosed, with risks of the same asset being pledged multiple times,” officials wrote.

The BIS’s separate warning of a possible return of inflation jars with some initial optimism that the current energy shock caused by the Middle East crisis might recede. Signs of progress over a peace deal this week brought the oil price down to levels below where they were when the Iran war broke out in late February.

BIS officials, in tune with peers at institutions such as the ECB, also worry that the disruption to energy supplies may not be over, that infrastructure will take time to rebuild, and that existing impacts could linger. 

That followed US data last week showing prices rising at the fastest pace in more than three years, and precedes numbers in coming days that may show euro-zone inflation still far above officials’ 2% target.

The last cost-of-living shock in 2022 “is still in the memory of economic agents,” BIS chief Pablo Hernandez de Cos told reporters, intending no puns with the whole "memory" thing, and noting that this can mean a “higher probability of second-round effects.”

The BIS also highlighted what has become a familiar warning about how fiscal dangers posed by high sovereign debts still loom large, with added complications given the other risks. Echoing counterparts such as the Paris-based OECD, it pointed to how hedge funds have become much more prominent as buyers of government bonds, often using funding that can quickly unwind when conditions deteriorate as part of their massively levered basis trades.

“These hedge funds employ highly leveraged strategies that rely on short-term financing on favorable terms, creating risks of fire sales and de-leveraging feedback loops,” the BIS said. “Financial stresses can now propagate quickly and broadly through funding markets, across borders and between banks and non-banks.”

This year has already seen moments of bond-market tension, with broad selloffs on the UK gilt market summoning memories of the country’s 2022 crisis, and similar developments in Japan causing global ripples that extended to US Treasuries. 

“Market reactions can emerge in any moment, depending on sometimes political events or economic events,” de Cos said. “It will be important to reduce these vulnerabilities before these market reactions might take place.”

In its capacity advising global central banks, the BIS said that a strict focus on monetary discipline remains essential, ensuring that inflation expectations don’t become unhinged on the back of the recent energy price spikes and other supply shocks, Bloomberg reported, yet as we noted earlier, the US has been above the Fed's 2% inflation target for about 5 years now, making a mockery of the central bank's core pillar. Officials shouldn’t shirk from raising interest rates if needed, even if that harms growth in the short term, BIS said, knowing fully well nobody would do anything that harms growth in the short term.

“Policies reinforce each other,” the officials wrote. “Disciplined fiscal policy underpins monetary credibility and financial stability. Robust regulation strengthens market resilience, preserves fiscal space and limits the need for frequent central bank interventions. Credible monetary policy anchors inflation expectations.”

Tyler Durden Mon, 06/29/2026 - 07:35

Lefty candidates across the country talk of ousting Jeffries and Schumer from leadership, while regular Democrats wonder if they have what it takes to beat back the radicals.

Comcast Shares Jump Most Since 2008 On Plans To Separate Units

Comcast shares jumped the most in nearly two decades on news that it plans to split NBCUniversal and Sky into a separate publicly traded company through a tax-free spin-off.

The transaction, expected to close in about one year, would leave Comcast shareholders owning stakes in both.

Comcast would remain centered around broadband, wireless, business services, and entertainment platforms, backed by a network that reaches more than 65 million homes and businesses.

NBCUniversal, which will also include Sky, will house Universal’s film and TV studios, NBC, Telemundo, Peacock, Bravo, sports, news, and the company’s theme parks business.

Comcast said the standalone media company will have the scale, content library, and intellectual property needed to compete with leading streaming platforms.

Mike Cavanagh will become CEO of NBCUniversal, and former Comcast CFO Michael Angelakis will return as CEO of Comcast.

Comcast expects to retain up to a 19.9% stake in NBCUniversal for up to one year after the spin-off and plans to monetize that position over time in a tax-efficient manner. The company said both businesses are expected to have strong investment-grade balance sheets.

Shares of Comcast in pre-market trading soared 23% on the news, the largest intraday gain since the 24.5% gain on October 28, 2008. On the year, shares are down 17%, as of Friday's close.

Goldman Sachs and PJT Partners are advising Comcast on the tax-free spin-off, with Davis Polk serving as legal counsel.

Tyler Durden Mon, 06/29/2026 - 07:20

The Dodgers should play baseball, serve the community in broadly unifying ways and leave divisive political advocacy to politicians, campaigns and activist organizations.

Starting with the first US patent in 1790, our country's uniquely democratic approach to intellectual property set off a chain reaction that drives innovation to this day.

The unfinished genius of the American founding? It created a sense of possibility for more and more people — a standard larger than those who first proclaimed it.

From paper minidresses emblazoned with the faces of Richard Nixon and Robert F. Kennedy to lanterns given out by John Adams — it's American history as object lesson.