America’s greatest traditions are nothing short of revolutionary. New York’s Zohran Mamdani is just the latest one.
Long Read
Fed Chair Powell reiterated uncertainty over the effects of tariffs on prices. And for all the concern about labor markets, the real problem there, particularly with deportations, is too few workers, not too few jobs.
4 minute read
What Shohei Ohtani, Bobby Bonilla, and Fernando Tatis Jr.’s contracts can teach us about money.
Long Read
Whatever the geopolitical motivation, stock and bond markets have to deal with the possible economic and financial consequences.
2 minute read
The S&P 500 is less than 3% away from its all-time high. But the longer investors are forced to cool their heels, the more their patience will be tested.
4 minute read
AI needs power—and lots of it. These formerly stodgy Big Oil companies are well positioned to offer just that.
4 minute read
Only a more severe damage to energy infrastructure or disruption of transit through the Strait of Hormuz, a key route for tanker traffic, would produce a lasting rise in energy prices.
Long Read
The proposed fund would give babies a stake in the U. S.stock market. There’s a world beyond that.
4 minute read
We’re witnessing a massive migration from capital activity regulated by the SEC into an ecosystem with much less oversight.
Long Read
Despite everything, the U.S. continues to perk along, and stocks have rebounded. But the true state of the economy is more fodder for confusion.
4 minute read
The yield on 30-year Treasury inflation-protected securities is at the highest level since 2010. Why this longtime Treasury bear sees opportunity.
Long Read
It wasn’t President Trump who rushed in to buy so much stock that the S&P 500 rose 19.6% from its low on April 8 through May 8, erasing all its Liberation Day losses and then some.
4 minute read
Healthcare has been running neck and neck with energy and consumer discretionary for the worst sector of 2025.
Long Read
Equities reacted jubilantly to Trump’s trade agreement with China. They should have paid closer attention to U.S. government yields.
Long Read
Paying tribute to ISS founder Robert A.G. Monks, former Morgan Stanley chairman Robert Baldwin, Charles Schwab, Jack Bogle, and UCLA Coach John Wooden.
Long Read
The market rose on the monthly data, some of which is misleading, and none of which detects any signs of the impact of a global trade war.
4 minute read
Stocks won’t enjoy the strong tailwinds that propelled the S&P 500 to 20%-plus returns in the past two years. Instead, investors should aim for 6% returns.
4 minute read
Investors are still waiting to see what damage was done before the president blinked on tariffs.
4 minute read
Big food companies raised prices more than they needed to during the pandemic, and are now paying the price as consumers look for cheaper—and healthier—alternatives
4 minute read
The list of reasons for optimism is long. The stock could gain as much as 40%, says one analyst.
3 minute read
A hundred years ago, a policy move set the stage for sterling’s diminished importance. Soaring deficits could have similar implications for the greenback.
Long Read
Trump and his advisers may not appreciate that the U.S. is a debtor nation and needs to attract foreign capital to fund its massive budget deficits.
Long Read
The sudden shock of massive tariffs has the potential to upend the U.S. economy. What an us-against-the-world policy means for your investments.
Long Read