The gap between investment income and work income has never been so glaring.
financial industry
Posted inTechnology
The Great AI Repricing Isn’t Going Well
Companies are backing off on their AI spending. Because investors have made such big bets on AI coming to fruition, that’s a big problem.
Posted inMoney, Politics, and Power
Not All Nepo Babies Are Trumps
DSCC chair’s 22-year-old son strikes it big in pursuit of further gamifying finance.
Posted inMoney, Politics, and Power
The War of Capital
Asset managers, private investment firms, and institutional investors like pension funds have divergent interests, though as the SpaceX IPO reveals, the money power acts in concert.
Posted inEconomic Policy
Greenspan Was the Creator of His Own Disaster
The former Fed chair, who died at the age of 100 this week, deliberately engineered financial markets to be faster and looser. Then they blew up.
Posted inMoney, Politics, and Power
‘Magic Pill’ or Placebo?: Black Politicians and the Crypto Lobby
Young Black congresspeople are winning their seats with support from the crypto industry. But can investing in crypto help close the racial wealth gap?
Posted inEconomic Policy
Aftermath: The Economy Is Propped Up by Government Spending
In today’s edition, we highlight an underdiscussed reason why damage from the war hasn’t eaten the U.S. economy: fiscal stimulus.
Posted inEconomic Policy
Elon Musk Is About to Make Saving for Retirement Even Harder
The upcoming SpaceX IPO will make investing in index funds for retirement worse, while Musk and friends rake in millions.
Posted inTechnology
A Market Bubble Led by AI
Artificial intelligence may not be intelligent enough to accurately value AI companies.
Posted inMoney, Politics, and Power
Elon Musk’s Plan to Make You Invest in SpaceX
He’s got his eye on your retirement savings and his net worth.