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Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
A quick scheduling note: I'm away for a few days, so your next letter after this one will be out on Thursday.

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Bloomberg
32 minutes ago
- Bloomberg
US Trade Wars Will Hit Households Worldwide, BOE's Bailey Warns
US President Donald Trump's trade war with the rest of the world is the wrong approach to addressing imbalances in the global economy and will harm households, Bank of England Governor Andrew Bailey said. In his annual Mansion House speech, Bailey called for greater cooperation between countries — particularly the US and China - to resolve 'unsustainable' trade and financial imbalances that are distorting economies and lie behind escalating political tensions.

Wall Street Journal
34 minutes ago
- Wall Street Journal
Leading Economies Must Work Together to Fix Imbalances, or Face Instability, Says BOE's Bailey
The U.S., China and other leading economies should work together to agree on a set of national policies that will help narrow the large imbalances that now threaten the global trade system, Bank of England Governor Andrew Bailey said. In an annual speech to bankers, Bailey said Tuesday that President Trump's tariffs represent 'a generational change' in the global trade system that threatens to weaken economic growth.


Bloomberg
34 minutes ago
- Bloomberg
UK Government to Set Up IPO Taskforce in Bid to Attract Listings
The UK's Labour government will create a taskforce to help bring new listings to the London Stock Exchange, underscoring the concern around the lack of initial public offerings on the capital's shrinking exchange. 'I am announcing a new listings taskforce with the Office for Investment to attract the best businesses in the world to IPO in the UK,' Chancellor Rachel Reeves said in prepared remarks for her annual Mansion House speech in the City of London.