All Publications

The committee lost its only dove and gained no new one.

Nvidia reported record revenue on May 20. The numbers beat expectations. The story behind them is bigger than the headline.

Two presidents, 16 CEOs, two days in Beijing. The outcome was more revealing than the headlines suggest.

The 30-year Treasury yield crossed 5% this week. That number moves through the entire financial system.

It's no longer hypothetical. Kevin Warsh is the 17th Chair of the Federal Reserve — and the regime change he promised is already underway.

AI capital spending just hit record levels. Productivity growth just hit its slowest pace in over a year. That tension is worth understanding.

War, inflation, high rates, a frozen labor market. And yet corporate profit margins just hit an all-time record. Here's what's actually happening.

April payrolls came in well above forecast. But the same report that looks strong is also sending some quieter signals worth understanding.

Over $20 billion in withdrawal requests. Funds capping redemptions. Here's what's going on and why it matters.

Hiring is happening. Layoffs are low. And yet something feels off. Here's what's going on.

A war, an energy shock, a divided Fed, and a 10% monthly gain. Here's how that actually makes sense.

The rate decision was straightforward. Almost everything else wasn't.