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The Headline, Decoded At its July 29 meeting, the Federal Reserve held the federal funds target range at 3.5% to 3.75% for a fifth consecutive meeting. The decision itself was widely expected. The more consequential issue for markets was the limited guidance Chair Kevin Warsh offered about how the central bank might respond to renewed …
There is one number making the rounds in financial circles that deserves more attention. OpenAI and Anthropic, the two companies most closely associated with the current artificial intelligence boom, are projected to spend roughly $65 billion this year alone to train and run their AI models. That figure exceeds their combined revenue. It is not …
The Federal Reserve’s most important policy move this past week wasn’t the widely expected quarter-point cut in its policy rate, it was the quiet but highly significant decision to resume buying Treasury securities. Officially, the move is being described as “routine reserve management,” not a return to quantitative easing. But for seasoned Fed watchers and …
Anyone paying attention to financial markets can see that the excitement around artificial intelligence is real. The money flowing into the sector is enormous. The valuations are rising fast. And many of the numbers don’t seem tied to the actual health of the companies receiving the money. When that happens, investors naturally start asking the …
One of the most significant shifts in retirement investing in decades is underway: the Trump administration has signed an executive order intended to open up 401(k) accounts and other employer-sponsored retirement plans to private-market assets – including private equity, private credit, and real estate. For private-asset firms like Apollo, KKR, Carlyle, and Blackstone, this is …
One of the most common – and confounding – questions in investing is: Why are stocks rising right now? Sometimes, there’s a clear explanation: a strong earnings report, favorable economic data, or a shift in interest rates. But more often than not, the market moves in ways that even seasoned professionals struggle to explain. A …