History looks us in the eye and quietly asks, “Have I taught you nothing?” All money is nothing more than a medium of exchange.... Read More
One of my most valuable mentors is someone you've probably never heard of, Chris Weber. Weber is an autodidactic genius. He’s such a... Read More
I recently came across a news item that made me reflect on our strange political environment —always a painful experience. Read More
Aficionados of the delectable McDonald’s McRib sandwich scarcely had time to celebrate its limited-time return to the fast-food... Read More
The rapid expansion of artificial intelligence has been accompanied by concerns that the unchecked growth of AI could have negative... Read More
President Trump’s Canada tariffs are headed to court. But the judiciary isn’t the only institution that should scrutinize his... Read More
Utah’s political class is mistaking prediction markets for gambling. Worse, in criminalizing prediction markets, the state of Utah is... Read More
David Wessel discuss upcoming turnovers at the Federal Reserve board and banks. Read More
Gavin Newsom has made the state more unaffordable for everyone, but he's focused on tax breaks for billionaires. Read More
In 1970, famed economist Milton Friedman wrote in the New York Times that a business has “one and only one social... Read More
The stock market is unlikely to significantly react one way or the other if, as is likely, we won’t know for several days — or... Read More
The political left has made housing one of its central political issues—and has used it to win elections, for example, in New York City... Read More
Even rich people aren't meeting their retirement goals, a study by British bank HSBC shows. Read More
Long before climate change entered the vernacular, the economist William D. Nordhaus had seized on the idea of taxing pollution as the most... Read More
The market is beginning to demand returns on AI investment, prompting a broad sector rotation. Read More
Anne O. Krueger thinks the US president’s costly policy could give future leaders a powerful incentive to embrace openness. Read More
An update on household balance sheets. Read More
Being an investor in an environment dominated by a highly consequential yet uncertain theme is exhausting. Everyone is searching for answers... Read More
Overbought? Oversold? Both? Read More
Trump is upset because Alina Habba Mildon didn't pay any tribute to the boss. 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
Where earnings season stands Read More
Nominal GDP growth is currently solid at around 6%, while S&P 500 earnings growth has surged to nearly 40% YoY. Read More
US real estate shares and commodities led performance among the major asset classes last month. 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
A macroeconomic model based on the historical relationship between interest rates, GDP and inflation suggests the Fed would need to raise... 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

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