We noted last week that Canada’s Prime Minister Mark Carney is playing a dangerous game in his romance with the European Union. The... Read More
It would be easy and pat to dismiss Nike’s debacle as the business world’s latest example of “go woke, go broke.” But the truth is... Read More
There’s a chasm right now between how artificial intelligence feels to most of us who use it and how A.I. feels out at the experimental... Read More
What moves faster than California’s high-speed rail, nearly 20 years in the making with zero track laid? Well, almost anything, apparently.... Read More
Kevin Warsh aspires to be a Federal Reserve chair of few words. He doesn’t think the central bank should provide as much “forward... Read More
In August, the U.S. Treasury it would increase Treasury buybacks. Initially, it suggested it would buy at least $2 billion in additional... Read More
It all starts in October, so don’t let all of the noise over inflation, oil and war distract you from missing out on this party. Read More
The stock market aced two big tests this week. That’s a great sign for its resilience—and suggests that the next meaningful move... Read More
- Bob Dylan, The Times They Are A-Changin', 1964 Read More
Nvidia's Hugging Face deal shows why Big Tech may increasingly buy the AI capabilities it cannot spare years building. Read More
Last month, bitcoin (BTC) did something that almost always marks the end of a bear market. Read More
A New York-based start-up founder I know recently visited Silicon Valley for the first time. He’d arranged to stay where the... Read More
“The state of the world is terrifying.” That’s the excellent Bret Stephens from a recent conversation he had with the... Read More
Illinois carries roughly $251 billion in unfunded state pension liabilities and a 42.9% aggregate funded ratio, per the State Actuary's... Read More
While corporate profits are soaring, labor's share of the gains is shrinking. Read More
The automobile sector once represented American industrial might, but it’s now emblematic of something else: Beijing’s campaign... Read More
Double, double toil and trouble. Eye of newt and toe of frog. I had an interesting experience the other night. I might have been in a coven... Read More
Different threats, familiar warnings — and the same prescription: more government. Read More
Some of the people building the world's most advanced artificial intelligence systems are suddenly telling us they are worried about where... Read More
Once you turn 62, you can claim Social Security at any time. And while there's technically no "final age" to sign up for Social Security, it... Read More
The U.S. Census Bureau’s newly released “Poverty in the United States” report shows that from 2024 to 2025, the official... Read More
Rates are returning to normal Read More
As the saying goes, the more things change, the more they stay the same. Read More
With great power comes great implausibility Read More
Americans have embraced speculation both as a way to get rich and as a reflection of their own beliefs. Read More
The high yield bond market is the honey badger of the financial markets. Read More
There are always risks and rewards when pursuing a new technology Read More
The Trump administration is quietly proposing to rescind a 16-year-old rule enacted to prevent “pay-to-play” schemes involving investment... Read More
There are two themes dominating our investor conversations: the impact of AI and the rise in interest rates. The two issues are linked as... Read More
The dot plot shows that the median member doesn't think rate hikes will be needed beyond this year. Read More
The CME Group's S&P 500 dividend futures for the quarter dropped to $20.65 per share as higher dividends that previously had been... Read More
In our opinion, today's stock market is no country for old or young men. Older investors are overloaded with the S&P 500 Index and other... Read More

Illinois carries roughly $251 billion in unfunded state pension liabilities and a 42.9% aggregate funded ratio, per the State Actuary's December 2025 report. On August 26, 2026, Moody's upgraded the state's issuer rating to A1 from A2. A week later, S&P raised Illinois general obligation bonds to A from A-minus. Both agencies said, in the same rationale documents, that Illinois pensions remain... Read More
As the saying goes, the more things change, the more they stay the same.... Read More