The Latest Breaking News from Paul Donovan

"Governments have long mobilized private wealth to support public finances. There are several approaches," UBS chief economist, Paul Donovan, outlined in a recent call.

A divided Fed meets amid mixed jobs and inflation signals, leaving Chair Jerome Powell with a suspenseful December.

If Canadian Prime Minister Mark Carney has any frustrations he wants to share about his southern neighbor, he could do so with Chinese President Xi as soon as next week.

“It seems you can’t go anywhere without talking about AI,” says Aditya Bhave, senior U.S. economist at Bank of America Research.

Treasury Secretary Scott Bessent hails Javier Milei’s Argentina as a “beacon” for South America, backing it with swap lines while ruling out U.S. cash aid.

Goodwill Industries is bracing for a wave of unemployed Gen Z workers, CEO Steve Preston recently said, as artificial intelligence makes it harder for young Americans to land jobs.

The (American) kids aren't alright.

In 2025, the rising unemployment rate among Americans under 25, specifically recent graduates, has become a significant economic concern. This problem seems to be uniquely American, stemming from a “no hire, no fire” economy, rather than the advent of artificial intelligence (AI).

"The U.S. labor market experience is peculiar," UBS' Paul Donovan wrote in a UBS note asking, "the kids are alright?"