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MarketsAugust 31, 2026

Nvidia Just Proved the AI Boom Isn't Slowing Down

Nvidia reported earnings on August 26, and investors had been quietly worried the AI spending boom was starting to cool. The numbers said otherwise. The stock jumped 8.7% the next day, adding $442 billion in value, the second-largest single-day gain by any stock in history.

Nvidia Just Proved the AI Boom Isn't Slowing Down

MarketsAugust 24, 2026

Alibaba's $56 Billion AI Bet Is Getting Expensive

Alibaba reported earnings on August 20, and the headline number was brutal: quarterly net profit fell 75%. The company chose to spend so aggressively on AI infrastructure that its free cash outflow more than doubled. Here is why Alibaba is willing to take that hit.

Alibaba's $56 Billion AI Bet Is Getting Expensive

Global EconomyAugust 17, 2026

The Strait of Hormuz Has Been Shut for Six Months. Here's the Actual Toll.

The Strait of Hormuz has been severely restricted since late February, and this week hopes of loosening it further faded again after new attacks and a fresh list of demands from Iran. Oil is climbing back toward $90 a barrel. Here's what six months of disruption has actually cost.

The Strait of Hormuz Has Been Shut for Six Months. Here's the Actual Toll.

MacroeconomicsAugust 10, 2026

The Job Market Just Went Backwards

The July jobs report came out on August 7, and it was bad. The economy actually lost 23,000 jobs when everyone expected it to add around 85,000. The unemployment rate went down, but that's not really good news either. Here's what happened.

The Job Market Just Went Backwards

Monetary PolicyAugust 3, 2026

The Fed Didn't Change Rates. It Changed Expectations.

The Federal Reserve held rates steady on July 29, but three officials broke ranks to demand a hike, the first three-way hawkish dissent in nearly a decade. Then Chair Kevin Warsh gave a press conference so confusing that Wall Street's own economists couldn't agree on whether it was hawkish or dovish. What the Fed actually spent that day wasn't a rate cut or a hike. It was some of its own credibility.

The Fed Didn't Change Rates. It Changed Expectations.

MarketsJuly 27, 2026

AI Capex Is Splitting the Market in Two

Tesla and Alphabet both beat revenue expectations on July 22, then got hammered anyway, erasing hundreds of billions of dollars in combined market value in a single day. The spending, and the pressure it placed on profitability and cash flow, overshadowed the revenue growth. Meanwhile, a company that just sells power equipment to data centers had one of the strongest quarters in its history.

AI Capex Is Splitting the Market in Two

Global EconomyJuly 20, 2026

The World Cup Made Billions. Did Anyone Besides FIFA Win?

The 2026 World Cup was projected to generate roughly $13 billion for FIFA's commercial cycle, while the 11 U.S. host cities could face a combined shortfall of as much as $250 million. Mexico received an estimated $2 billion economic boost, but that amounted to only about 0.1% of its GDP. Here is where the tournament's money actually went.

The World Cup Made Billions. Did Anyone Besides FIFA Win?

Global EconomyJuly 13, 2026

The Iran Ceasefire Ended. Then Tehran Declared Hormuz Closed.

On July 8, Trump declared the Iran ceasefire "over" as the two sides traded strikes, sending the Dow down more than 570 points and oil higher. By July 12, Iran had declared the Strait of Hormuz closed. This is what "for now" actually looks like.

The Iran Ceasefire Ended. Then Tehran Declared Hormuz Closed.

MacroeconomicsJuly 6, 2026

The Jobs Report That Solved Nothing

June added just 57,000 jobs, about half of what was expected, with hiring split thin across a few sectors while leisure and hospitality actually lost jobs. Normally that would mean a rate cut is coming. Instead, it just proved the Fed has no clean answer left.

The Jobs Report That Solved Nothing

MacroeconomicsJune 29, 2026

The AI Boom Just Sent You the Bill

Apple and Microsoft both raised prices this week, blaming a memory chip shortage caused by AI data centers. DRAM prices are up nearly 100% this year. Here is how a server farm in another state ends up costing you $150 on your next laptop.

The AI Boom Just Sent You the Bill

Global EconomyJune 22, 2026

A Truce With Iran Sent Oil Tumbling. For Now.

As of June 22nd, the U.S.-Iran war appears to be winding down and oil has fallen to its lowest level since early March. But a fragile 60-day framework, a contested $300 billion reconstruction fund, and a strait declared closed one weekend show how fast it could all reverse.

A Truce With Iran Sent Oil Tumbling. For Now.

MarketsJune 15, 2026

SpaceX's IPO Is the Biggest in History, and the Trillion-Dollar Question

SpaceX went public on June 12th in the largest IPO ever, closing its first day up 19% at a $2.1 trillion valuation. Morningstar says its true worth is less than half that. Here is the trillion-dollar question.

SpaceX's IPO Is the Biggest in History, and the Trillion-Dollar Question

MacroeconomicsJune 8, 2026

Good News Is Bad News: The Jobs Report That Broke the Market

The May jobs report came in stronger than expected at 172,000 new jobs. The market sold off anyway. Here is why good economic news has become the thing investors fear most.

Good News Is Bad News: The Jobs Report That Broke the Market

MarketsJune 1, 2026

Wall Street Is Partying. Main Street Is Paying the Bill.

The S&P 500 hit an all-time high of 7,520 this week while inflation came in at 3.8%, the highest since May 2023. Here is how both things can be true at the same time.

Wall Street Is Partying. Main Street Is Paying the Bill.

Monetary PolicyMay 25, 2026

The New Fed Chair Walked Into a Bond Market on Fire

Kevin Warsh was sworn in as Federal Reserve Chairman on May 22nd. Three days before, the bond market gave him a very unwelcome gift: the worst Treasury yields since 2007 and inflation at a three-year high.

The New Fed Chair Walked Into a Bond Market on Fire

MacroeconomicsMay 18, 2026

Trump Flew to Beijing. A Trade Deal Came Out. Kind Of.

President Trump traveled to Beijing with 17 top CEOs for a two-day summit with Xi Jinping. Both sides came out claiming victory. The details tell a different story.

Trump Flew to Beijing. A Trade Deal Came Out. Kind Of.

MacroeconomicsMay 11, 2026

The Jobs Report Came Out. It's Complicated.

The government released the April jobs report on May 8th. The headline numbers looked okay. But underneath them, more people dropped out of the workforce, part-time work jumped, and wages came in softer than expected.

The Jobs Report Came Out. It's Complicated.

Monetary PolicyMay 4, 2026

The Fed Holds. Powell Says Goodbye.

The Federal Reserve kept rates on hold for the third straight meeting. But this was not just another boring decision. The Fed is more divided than it has been in decades, and Jerome Powell spoke to the media for the last time as chair.

The Fed Holds. Powell Says Goodbye.

MacroeconomicsApril 27, 2026

Why Trade Wars Raise Prices

The U.S. and China have been trading blows recently in their ongoing tariff disputes. But most of that coverage is political in nature and doesn't translate to much for the average person. That is, until it does.

Why Trade Wars Raise Prices