Adam Smith’s publication in 1776 of An Inquiry Into the Nature and Causes of the Wealth of Nations (WN) may not have had a direct influence on the drafting of the Declaration of Independence. Smith’s The Theory of Moral Sentiments (TMS) was better known in 1776 and certainly did influence the colonists. But Smith’s arguments on political economy may…
The Treasury Department on Wednesday said it will more than double the size of its government debt repurchases, sending yields sharply lower at a time of substantial market stress. With fixed income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets the sensitive longer-duration part of the…
Federal Reserve Chairman Kevin Warsh testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen building on Wednesday, July 15, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images June’s Federal Open Market Committee meeting ended with a much shorter statement from…
United Wholesale Mortgage at the NYSE, January 22, 2021 Source: The New York Stock Exchange Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 40% Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital…
Although the company holds a sizable stake in Alphabet, much like his predecessor, Warren Buffett, current Berkshire Hathaway (BRKA +2.03%) (BRKB +1.71%) CEO Greg Abel isn’t making any major, hyperaggressive bets on artificial intelligence (AI) technology. He’s certainly not unaware of the industry’s rapid growth, though, and is making a point of preparing one of…