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The central trade-off for designing Disability Insurance (DI) is between providing insurance to those in need while maintaining incentives to work. This paper develops a novel revealed-preference approach to identify the insurance value of DI benefits. We show that comparing the DI take-up response to a change in benefits versus a change in wages identifies…
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, Bloomberg reported on Tuesday. According to the statement, the initiative seeks to establish a “temporary joint maritime corridor” and project for mine clearance to restore safe navigation through the critical waterway….
Shares of CrowdStrike (CRWD +5.77%) furthered their ascent on Monday, as investors’ excitement about the artificial intelligence (AI)-powered cybersecurity leader’s growth potential reached a fevered pitch. Image source: Getty Images. The AI sentinel CrowdStrike’s Falcon platform uses AI to provide real-time threat detection, instant protection, and automated remediation. Companies are increasingly using Falcon to secure…
A steep NAV drop and a federal probe trigger a high-level departure at BlackRock. The private credit market’s roughest stretch in years has claimed its first senior leader at a major asset manager. BlackRock’s Phil Tseng is in the process of leaving his post as CEO of the firm’s publicly traded business development company, according…
Earnings season hits full stride next week, with several of the market’s biggest companies set to report. Investors will be watching not only the headline numbers, but also management commentary on AI spending, consumer demand, tariffs, and the outlook for the second half of the year. Monday Before the Open AstraZeneca (AZN) Baker Hughes (BKR)…
