This Is Not France’s "Truss" Moment
Quite a few observers have described the dramatic fall of the Barnier government in France not just as a political crisis but also an economic and financial crisis.Read more
$8 Billion for Intel Won’t Fix America’s Chip Problem
Since its enactment in 2022, the Chips and Science Act — a $280 billion splurge intended to revive US semiconductor manufacturing — has been at best a mixed success. A…
Bitcoin Soars Past $100,000 on Trump’s Pro-Crypto Pick for SEC
President-elect Donald Trump’s pick of a crypto proponent to be the next head of the US securities regulator lifted Bitcoin to $100,000 for the first time as traders warmed to…
Hedge Funds Make MicroStrategy Wall Street’s Hottest Trade
To sate his multibillion dollar rampant appetite for Bitcoin, Michael Saylor has tapped demand from retail investors transfixed by MicroStrategy Inc.’s more than 500% rally this year. He’s also benefited…
Unemployment Claims Up 9K, Worse Than Expected
In the week ending November 30th, initial jobless claims were at a seasonally adjusted level of 224,000. This represents an increase of 9,000 from the previous week's figure and is…