ow more than ever, the global economy runs through Texas. The boom is happening down at the state’s southern tip, where SpaceX launches... Read More
Apparently, summer reruns aren’t just for television: Fed independence fears are getting a re-airing, too, with reports that President... Read More
With a h/t to the late historian Barbara Tuchman, from whom I borrowed the central idea in this piece, I'm pleased to share my latest... Read More
On June 16, 1989, a bearded 26-year-old stood before a quarter million Hungarians in Budapest and demanded that Soviet troops leave his... Read More
The DOJ was investigating Google and Chrome for monopolistic practices right as Open AI released ChatGPT in 2022. Get it? It’s worth... Read More
President Donald Trump is a builder, and his plan to redevelop New York’s dilapidated Penn Station will leave a great mark on the city. And... Read More
Elon Musk has made one of the boldest economic predictions of the artificial-intelligence age: by 2036, money may no longer matter. The... Read More
Government overspending and rising appraisals have led to movements against homeowner levies. Read More
The state’s blind rush to green energy is foolish and profoundly dangerous. Read More
When I chaired the Senate Appropriations Subcommittee on Agriculture, I spent a lot of time listening to farmers. The concern I heard most... Read More
When something goes wrong with a building in New York, it shakes more than steel and concrete. It also shakes trust. Read More
Transportation Secretary Sean Duffy wants to put the U.S. Department of Transportation (DOT) back in the transportation business.... Read More
The U.S. has a financial inclusion crisis. Some special interest groups want to solve it by making it harder to start a bank. That makes no... Read More
The controversial golf tour will end its deal with the Saudis after this year Read More
Big Tech is working its way through all four stages of a money-spending matrix legendary economist Milton Friedman outlined. Read More
Discover the best dividend stocks with solid yields, strong fundamentals, and room to grow—even in uncertain markets. Read More
Public software multiples sit at historic lows, yet in each category one business trades at a meaningful premium. Read More
There’s something happening underneath the surface of the stock market that I think a lot of people are missing. More stocks are... Read More
Memory chip prices are skyrocketing, thanks to AI demand, and there's no end in sight. Read More
Bull markets are like a cruise ship. Once they get moving, they are hard to slow down, hard to stop, and very hard to turn around. Read More
When your project, proposal or resume is rejected, it’s tempting to try to understand why. Don't waste your time. Read More
Leverage and complexity are gaining ground in today’s late-cycle markets, signaling caution – not crisis – and underscoring the value... Read More
The relation between stocks and bonds indicates whether supply or demand shocks dominate the risks to economic activity. After two decades of... Read More
The S&P 493 is spending heavily on AI but it isn't showing up in margins. Read More
One weak report doesn't make a trend. Read More

Just missing the 10 best days over a multi-decade investing horizon can erode your portfolio’s potential value by over half. Yet people tend to miss the best days because they often follow the worst ones — and most people are ill-prepared to jump right back into investing after suffering financial loss. That’s part of why the “buy-and-hold” theory wo... Read More
Apparently, summer reruns aren’t just for television: Fed independence fears are getting a re-airing, too, with reports that President Donald Trump is spending lots of time on the phone with Fed head Kevin Warsh and renewing his attempt to fire Fed Governor Lisa Cook. For stocks, we think this is classic cud chewing—a time-honored bull market tradition.... Read More