In The News

The UN Intercontinental Panel on Climate Change has issued a report on the ongoing risks of droughts, floods, wildfires and storms due to climate change. Corporations already prepare, and the insurance industry must worry both about property damage and coverage as well as an abrupt end to investments in the carbon economy as public opinion tends to shift quickly on such matters. “Institutional...

Turkey’s currency is falling against the dollar even as the US president threatens more tariffs – 20 percent on aluminum and 50 percent on steel. Turkey’s president calls the actions “economic war.” Turkey, like the United States, is among the top 10 countries that produce steel. The lira’s fall “ricocheted into Turkey’s bond market, sending the yield on the local currency 10-year bond above 20...

Uncertainty is disrupting global markets and increasing volatility, and investors are becoming more cautious about riskier investments including emerging markets, bonds and investments associated with countries running high levels of debt, with Chinese stocks down 20 percent, and unconventional investments like bitcoin. In turn, some bank stocks and commodities are under pressure. The many trends...