News · Markets · US · 3 Sept 2026
Twenty-two U.S. states joined the case Monday, alleging the company quietly turned a "second price" auction into something closer to a first-price one, and hid it from more than a million advertisers.
News · Markets · US · 30 Jul 2026
The Fed held rates steady Wednesday for the second time under its new chairman. The bond market's answer was a 19-year high on the 30-year yield, and a widening argument inside the Fed about how little a central bank can say out loud.
News · Markets · US · 29 Jul 2026
South Korea's stock market lost as much as $2.18 trillion in value over two trading days this week. The cause wasn't a Korean problem. It was a chip company's earnings report that beat every record in its history and still wasn't good enough.
News · Markets · Global · 29 Jun 2026
The Bank for International Settlements has done what few institutions will -- named the AI investment surge as a potential systemic threat, compared it to the canal mania of the 1830s, and explained, precisely, why a bust this time wouldn't stay contained beyond Silicon Valley.
Deep Dive · Markets · Global · 9 Jun 2026
The Shiller CAPE and Buffett Indicator sit at or near all-time highs simultaneously. The market can stay expensive for a while. The margin for error says it can't stay wrong for long.
News · Markets · US · 9 Jun 2026
Bank of America and Citigroup say their bear-market checklists have hit levels not seen since the dot-com era and the 2008 financial crisis. The S&P 500 closed near a record on Monday.
Deep Dive · Markets · US · 8 Jun 2026
A sum-of-the-parts valuation of SpaceX ahead of its expected IPO, testing whether a $1.75 trillion price tag can survive contact with financial gravity.
News · Markets · Global · 8 Jun 2026
SpaceX is preparing to debut at a staggering $1.75 trillion valuation — the largest IPO in U.S. history. The company has genuine competitive advantages and an impressive track record, but at 94 times revenue, the asking price leaves almost no margin for error. Investors should look past the mythology and focus on four underappreciated risks: declining Starlink ARPU, Starship execution delays, the growing drag from xAI losses, and Musk’s ironclad governance structure that leaves little room for minority shareholders.
Deep Dive · Markets · Global · 4 Jun 2026
Short sellers make markets more honest. A fraud conviction, a decade of relentless equity gains, and an army of Reddit traders are pushing them out of the business — and the costs are going to be felt by investors who never once thought about short selling.
News · Markets · India · 4 Jun 2026
Short sellers exposed Enron, Wirecard and Nikola years before regulators caught up. A fraud conviction, a decade of rising stocks, and a Reddit mob have pushed them out of the business. The gap they leave is real.
News · Markets · Global · 1 Jun 2026
A veteran market analyst maps the parallels between 2026's AI rally and the dot-com peak of 2000 -- and explains why the differences don't fully close the gap.
News · Markets · US · 26 May 2026
On the morning of May 20, a 277-page document landed on the Securities and Exchange Commission's servers, and for a few hours it triggered intense market speculation and commentary across financial media.
News · Markets · US · 25 May 2026
Nearly two decades after the financial crisis, Wall Street is rebuilding the same web of complex models and opaque instruments that nearly destroyed the system. History suggests the outcome will be identical.
Deep Dive · Markets · Global · 20 May 2026
U.S. stock–bond correlations have shifted toward negative territory in May 2026 amid renewed inflation pressures and a paused Fed easing cycle — a meaningful risk-state signal that warrants measured portfolio adjustment, not a wholesale risk-off pivot.
News · Markets · US · 1 May 2026
Anthropic's pending IPO, China's open-weight price war, a $725 billion annual infrastructure bet, and a bifurcated economy — stress-tested for institutional portfolios.
