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Wall Street is bemused by Bessent’s bond plan and the unwinding punt on the Japanese yen—he’s hinting he knows something the markets don’t
NewsAugust 29, 20264 min read

Wall Street is bemused by Bessent’s bond plan and the unwinding punt on the Japanese yen—he’s hinting he knows something the markets don’t

Investors are wondering what Scott Bessent is up to. At the start of the month, the Treasury Secretary’s ‘to-do’ list included purchasing $5 to $10 billion in Japanese yen. This…

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
NewsAugust 29, 20266 min read

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

For roughly 76 million American households, federal income taxes could eventually disappear—if a proposal by billionaire Amazon founder Jeff Bezos ever becomes reality. Recommended Video The Blue Origin owner argued…

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Even billionaires are worried their Gen Z kids can’t keep a job—and their wealth advisors say the fear is ‘very real’
NewsAugust 29, 20265 min read

Even billionaires are worried their Gen Z kids can’t keep a job—and their wealth advisors say the fear is ‘very real’

Even the wealthiest parents in America are worried about their kids’ financial futures. Millions of Gen Zers face unemployment as entry-level hiring has slowed, competition has become fiercer, and AI…

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Forget AI, debt has become the main character on Wall Street as markets just now decided that it’s gotten out of control after years of warnings 
NewsAugust 29, 20264 min read

Forget AI, debt has become the main character on Wall Street as markets just now decided that it’s gotten out of control after years of warnings 

The enormous mountain of debt hanging over the economy has overshadowed the AI boom as the center of attention on Wall Street. Recommended Video For years—decades even—the spiraling trajectory of…

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Trump’s stock disclosure shows more than 1,000 trades in June
NewsAugust 29, 20262 min read

Trump’s stock disclosure shows more than 1,000 trades in June

President Donald Trump made more than 1,000 securities trades in June, including significant purchases of Berkshire Hathaway Inc., Visa Inc., Mastercard Inc. and Cintas Corp., according to a financial disclosure…

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Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says
NewsAugust 29, 20264 min read

Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says

Steve Hanke earned the moniker “Money Doctor” after advising governments around the globe on how to use currencies to get inflation under control. Recommended Video The professor of applied economics…

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SpaceX is hiring in natural gas trading for energy needs
NewsAugust 29, 20262 min read

SpaceX is hiring in natural gas trading for energy needs

Elon Musk’s SpaceX is hiring a trader to build and lead a natural gas trading team to support the space flight company’s growing fuel and power needs. Recommended Video Job postings for…

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Mark Walter’s sports empire offers a glimpse of the money machine behind private credit—and the plumbing keeping it together
NewsAugust 28, 20266 min read

Mark Walter’s sports empire offers a glimpse of the money machine behind private credit—and the plumbing keeping it together

Mark Walter’s sports empire made him one of the most recognizable owners in American sports. His financial empire was considerably less visible, even though it was hiding in plain sight.…

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Women want ‘dads,’ not ‘duds’: A Nobel-winning historian has a theory for falling birthrates, but the economics aren’t so straightforward
NewsAugust 28, 20267 min read

Women want ‘dads,’ not ‘duds’: A Nobel-winning historian has a theory for falling birthrates, but the economics aren’t so straightforward

The world’s most powerful economies are increasingly alarmed by their declining birthrates, and there’s no shortage of theories on why. SpaceX founder Elon Musk suggests society is “teaching a fear…

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American billionaires are showing off their farmland for elaborate hobbies, but a buying spree among the ultrarich risks pricing farmers out
NewsAugust 28, 20265 min read

American billionaires are showing off their farmland for elaborate hobbies, but a buying spree among the ultrarich risks pricing farmers out

No one seems to love the great outdoors as much as billionaires do.  Recommended Video America’s wealthiest are snapping up huge swaths of farmland, and while some are using it…

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