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Fed Chair Kevin Warsh is actually managing U.S. debt costs not inflation, economist says, as interest rates threaten to top GDP growth soon |...
Jason Ma -
Trying to pin down Kevin Warsh as a hawk or a dove has been tricky with his statements and actions puzzling Wall Street.As President Donald Trump’s hand-picked Federal Reserve chairman, Warsh was expected to lean toward looser monetary...
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Soaring health insurance costs are quietly preventing wages from rising higher, while workers also shoulder a larger share of premiums, economist says | Fortune
Jason Ma -
Open enrollment season for health care plans is about to begin, and many Americans may get sticker shock after seeing how much premiums will rise.But the rising cost of insurance is also quietly eroding wage gains, preventing workers...
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You should pick your credit card perks like Warren Buffett picks his stocks, TD Bank exec says | Fortune
If you’re a Boglehead like myself, you can talk endlessly about the compounding powers of the three-fund “lazy portfolio”: some bonds, some domestic stocks, and some international ones. Set it and forget it; never look at it again until...
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Nebex CEO: NASA wants a commercial space economy. Here’s how it can enable one | Fortune
Tejpaul Bhatia is the founder and CEO of Nebex, a platform that connects buyers, suppliers, and capital across complex transactions from demand to delivery. He is a space investor, executive, and entrepreneur. His career spans transformative product, platform, and...
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RAND and USC health researchers: Even big self-insured companies can’t rein in health costs | Fortune
For the past decade, the federal government’s response to rising employer costs has been to improve price transparency—the theory being that so long as companies know the price of things, they can shop around or negotiate their way to...
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Why Wendy’s is losing the burger wars—and is now a takeover target for Nelson Peltz | Fortune
In the burger wars currently raging in the United States, there is one clear loser among the major chains: Wendy’s. Its fortunes have declined so much that it’s now the target of Nelson Peltz’s Trian Fund Management, which is...
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China sees the yuan vs. dollar rivalry like Pepsi vs. Coke, expert says — ‘never the market leader, but serviceable in a pinch’ |...
Jason Ma -
Heavy is the head that wears the crown, and contrary to popular belief, Beijing doesn’t want the yuan to dethrone the dollar as the world’s dominant currency, according to a top China scholar.While China has been trying to internationalize...
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If California undid its ‘original sin’ and matched Texas on taxing property, it would raise more revenue than the billionaire tax, economists say |...
Jason Ma -
California voters will decide on Proposition 40 soon, but looming over the controversial billionaire wealth tax proposal is another state ballot measure from nearly 50 years ago.In 1978, voters approved Proposition 13, which capped property taxes at just 1%...
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AI boom hits a wall on Wall Street as OpenAI cuts fundraising target while Meta gets a credit warning over its cash flow, spending...
Jason Ma -
The seemingly endless gusher of capital that’s been showered on Silicon Valley during the AI boom may be coming to an end soon as Wall Street pushes back on massive spending plans.Following a brutal selloff in tech stocks over...
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Mark Zuckerberg is joining Jeff Bezos in Miami’s billionaire bunker: Take a look inside his portfolio | Fortune
With a net worth of $222 billion, Mark Zuckerberg is one of the richest people in the world and the owner of a massive real-estate portfolio that spans the entire U.S.His latest purchase from August is a 440-acre estate...
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Houthis say at least 33 killed in Saudi air strike
Media linked to the Houthi movement in Yemen say at least 33 people, including women and children, have been...