Kevin Warsh’s First Fed Meeting Changed More Than the Rate Decision
The Federal Reserve held rates steady at Kevin Warsh’s first meeting as chair, exactly as markets expected. The real story wasn’t the…
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Market Update
Our take on the stories shaping personal finance and investing — market notes and research highlights, updated regularly.
Markets Have Already Decided What the New Fed Chair Will Say
Markets had already decided what incoming Fed Chair Kevin Warsh was going to say before he said it. Futures traders priced out…
The Bank of Japan Raised Rates Again — And Markets Shrugged
The Bank of Japan lifted its policy rate to 1% this week, its highest level since 1995 — a move that had…
Why Bitcoin Is Falling While Everything Else Runs
Bitcoin has spent much of this year underperforming a red-hot US stock market, prompting a wave of “Bitcoin is broken” commentary. Analyst…
Why So Few Americans Actually Reach $1 Million in Retirement Savings
New data on US retirement savings makes for sobering reading: despite widespread belief that a comfortable retirement requires something in the neighbourhood…
SpaceX Stock Jumps 19% on Its First Day — What a Record IPO Looks Like
Space Exploration Technologies opened to a warm reception from public market investors, closing its first day of trading up 19% in what’s…
SpaceX Priced Its IPO — Here’s What Actually Matters for Investors
SpaceX’s historic listing has split opinion across three separate debates: whether it deserves a place in major stock indexes given its ownership…
New Names for an Old Problem: Why “Flation” Language Is Everywhere
A small wave of new “flation” terminology has entered everyday financial conversation this year, as persistently elevated prices keep the cost of…
The Hidden Risk Inside the AI IPO Boom
With SpaceX freshly listed and OpenAI and Anthropic both expected to follow at valuations above $1 trillion, investors are facing a genuinely…