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The advent of stablecoins has made it possible to settle global transactions instantly, but many payment providers have yet to catch up, relying instead on legacy banking infrastructure. The upshot…
Read article →Today, U.S. debt held by the public currently stands at a staggering $31.68 trillion, a little more than 100% of GDP. According to the nonpartisan Congressional Budget Office (CBO), if…
Read article →Moving nearly $2 trillion worth of goods every year, FedEx is deeply connected to the flow of global trade. Facing unpredictable tariffs, fleet disruptions, and intense competition, the company is…
Read article →The U.S. reimposed a naval blockade on Iran and intensified its airstrike campaign Wednesday in retaliation for Tehran’s attacks on ships trying to pass through the Strait of Hormuz. The American strikes…
Read article →Fortune magazine was founded by Henry Luce, one of the most famous Republicans of the 20th century, and yet has a long history of employing left-wing writers. Without getting into…
Read article →For the first time since at least 1974, new homes are selling for less than existing ones, and the culprit is a mix of builders getting generous and sellers refusing…
Read article →Billionaire Warren Buffett said Wednesday that his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune…
Read article →House Republicans on Wednesday unveiled a $95 billion legislative plan focused on boosting defense, aiding farmers and enacting stricter voter registration rules, a sequel to the massive tax and spending cut…
Read article →I called Steve Hanke on the afternoon of July 14, days after he’d flagged something he called a dual bubble forming in AI markets, and one day after IBM suffered…
Read article →IBM shares tumbled Tuesday as CEO Arvind Krishna acknowledged in an unusual letter to investors that the company had failed to adapt quickly enough, a blunt admission that followed a…
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