- The Church of Jesus Christ of Latter-day Saints has an estimated $100 billion investment portfolio.
- The money has provided a financial foundation for constructing more than 100 temples worldwide.
- The recently constructed temple in Pocatello, Idaho cost $69 million to build.
- Some church members express discomfort with the church's accumulated wealth and limited financial disclosures.
- The church's investment arm, Ensign Peak Advisors, settled with the SEC for obscuring investment holdings.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec