Last Thursday the US government tried to borrow money. But investors would only take the supposedly risk free 30 year Treasury at just over 5%, the highest 30 year yield since before the financial crisis. But the difference is that in 2008, US debt was 39% of GDP, today it is 100%. And the rise…
America was born in war. The American Revolution and subsequent constitution of the newly-formed United States reflected some of the key ideas of liberalism—natural rights, government by consent, and limits on state power. The Revolution, however, was just the beginning of war as part of the American identity. Between 1798 and 2023, the United States…
Hot stock Robinhood Markets (HOOD +0.10%) hasn’t been so hot for most of 2026. It’s starting to recover, though, and it’s roughly flat year to date. The trading platform reports second-quarter earnings on July 29. Is now the time to buy? What to expect in the second-quarter report Management doesn’t provide a full quarterly outlook,…
Topline IBM’s stock plummeted on Tuesday to the largest single-day loss in its 115-year history, after CEO Arvind Krishna warned investors the computing firm’s latest quarter was “worse than our expectations” while failing to adapt to rising chip costs. “What played out was worse than our expectations,” CEO Arvind Krishna warned investors. Copyright 2019 The…
Carly Carey is a new mother and a third-year plumbing apprentice in Minneapolis—she’s about two years from taking the state test to become a licensed master plumber. It was during the pandemic that Carly, a middle school English teacher, decided to switch tracks. She now loves using her communication skills to demystify plumbing practices for…
Mortgage interest rates are higher today, as the war in Iran is heating back up. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.53% APR, according to rates provided to NerdWallet by Zillow. This is seven basis points higher than yesterday and 11 basis points higher than a week ago. (See our…
Is Parliament no more than a democracy theme park? beng Mon, 07/13/2026 – 08:59 EST. READ TIME 5 MIN. In her critique of the spring parliamentary session, Green Party Leader Elizabeth May argued that democracy and Parliament, by extension, are being disrespected by the current Liberal majority—declaring that Parliament is no more than a theme…
Given how many times most investors have seen it before, it would be easy to assume an insider or founder is just using the market’s recent strength to cash in — by getting out — while valuations are high. That’s not the case here, though. Every penny of SK Hynix‘s (SKHY +14.99%) recent public offering…
US stock valuations are approaching levels last seen during the dot-com bubble. Investors argue this time is different because of AI. But that is exactly what investors said about the internet in 1999. Nothing illustrates today’s optimism better than the SpaceX IPO.At launch SpaceX was valuing itself at $2 trillion. This means a valuation of …
The California Public Employees’ Retirement System (CalPERS), generated a 14.8% investment return for the fiscal year ended 30 June 2026, comfortably exceeding its long-term annual target of 6.8%, with strong performances from public markets and private equity, according to a report by Bloomberg. The result increased the fund’s assets to $637.1bn and improved its funded…
