Browsing: Financial

When the SS Great Eastern laid the first working transatlantic telegraph cable in 1866, a message that had taken ten days by steamship suddenly crossed the ocean in minutes, and the financial markets of London and New York were forced, within a single trading week, to invent the modern concept of synchronised global price.

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On the morning of July 27, 1866, the SS Great Eastern dropped anchor in Heart’s Content, Newfoundland, with 1,686 nautical…

Anthropic’s new Claude Mythos AI is so good at finding software vulnerabilities that the company has restricted its release, and treasury officials, central banks, and the global Financial Stability Board are now holding emergency meetings about what it means for the security of the world’s banking systems

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In April 2026, the leaders of the U.S. financial system held a meeting nobody had quite expected to be holding.…