For three years, AI told us how to do things. Now, it does those things for us. I now spend more than five hours a day working with AI... Read More
The thrashing that Wall Street’s artificial-intelligence darlings have taken over the past few months has led to an unusual situation... Read More
Headline Index Rises to 48.5 as All Three Components Advance and 17 of 21 Groups Improve; the Investor–Non-Investor Gap Sets a Second... Read More
There is plenty to worry about in the current investment climate, if you’re so inclined. Bond yields soared this past summer, interest... Read More
The economy is strong by conventional measures, but most voters don’t feel it. Gross domestic product grew 3.4 percent in the third... Read More
We’re told every election cycle that this one will be the most consequential of our lifetimes. But for the more than 70 million... Read More
There will be no Social Security benefit cuts in 2032. For former congressman and longtime budget scold Tim Penny to say otherwise is not... Read More
Thoughts on what's now and ahead. Read More
As stores embrace algorithms, the cost of groceries is becoming a question of whom — and what — we trust Read More
On October 28, the Federal Reserve held its benchmark rate at 3.75 to 4 percent, and two of its voting members wanted another increase.... Read More
Real paychecks lost 4% in purchasing power under Biden, and overseas energy shocks are now reversing the affordability gains made in early... Read More
Prediction markets are pointing to a high likelihood Republicans will lose majority control of the House and Senate after the midterm... Read More
In a competitive election, going big is not the only way to get a point across. Read More
Over the past decade, freight shipments have steadily shifted towards highway trucks over railroads. The reason is straightforward, although... Read More
The clocks have turned back, the days are growing darker, and Washington’s regulatory shadows lengthen. Washington’s policy... Read More
Similar wealth taxes have been adopted by about a dozen countries in the past few decades, and nearly all of them have been abandoned for a... Read More
America’s banks are immensely self-conscious. That is the finding of a report, published recently by the Office of the Comptroller of... Read More
Higher rates come home to roost Read More
Trees understand the power of the neighborhood and the value of good neighbors. Read More
Fears that machines will eat all the jobs are nothing new. Read More
As machines take over routine tasks, work might actually become less robotic. When production is cheap, people can be much more... Read More
Since World War II, Washington has leveraged the global presence of U.S. companies to advance its national security interests. AI models are... Read More
There is rarely anyone worth voting for who might actually win in most races. That's got to change. Read More
Many standard measures of economic health are strong, but voters in both parties are increasingly pessimistic. Read More
A macroeconomic model based on the historical relationship between interest rates, GDP and inflation suggests the Fed would need to raise... Read More
Regardless of where the markets are headed, investors may want to own companies that offer some sense of certainty in terms of cash flows and... Read More
Since Donald Trump has retaken the office of the presidency, much has been written about the financial gains that have profited the president... Read More
New data from the Fed shows that the US consumer is less K-shaped than commonly perceived. Subscribe for daily updates. Read More
Despite high energy prices, Q3 US GDP accelerated to 3.4% annualized, undercutting widespread fears that transport costs (read: oil and... Read More
At last, after months of rumors, UK Chancellor of the Exchequer John Healey has opened his red briefcase and released this year’s... Read More

On October 28, the Federal Reserve held its benchmark rate at 3.75 to 4 percent, and two of its voting members wanted another increase. President Trump wants rates cut to 1 percent or lower. The two sides disagree about nearly everything except one assumption: that a committee in Washington sets the price of money for the country. A retiree's bank statement says otherwise. With that benchmark near... Read More
Over the past decade, freight shipments have steadily shifted towards highway trucks over railroads. The reason is straightforward, although not entirely beneficial: trucks, generally, have been faster. That’s not to say trucks are more efficient, however. In fact, railroads are by far the most fuel-efficient way to move cargo over land, and they produce about 75 percent less emissions than ... Read More