How exposed are open economies to global demand shocks? In equilibrium, foreign booms can be absorbed either by domestic consumption (“quantities”) or by real exchange rate appreciation (“prices”). We show that failures of Ricardian equivalence and global financial market imperfections, two frictions popular in much recent work, have opposite effects on the split: while elevated…
The S&P 500 (^GSPC +0.42%) is up by more than 10% over the last three months alone, as of this writing — its most successful quarter in years. But it’s also a historically expensive time to invest, and some metrics are sounding the alarm over the market’s valuation. For example, the Buffett indicator — named…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 17, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT The Federal Open Market Committee approved the following statement for release by a 12…
MGA Fusion Specialty Acquired by Asset Manager Arrow Global Arrow Global Group (Arrow), a UK-based investment manager specializing in private credit and real estate, announced its subsidiary Arrow Global Insurance (AGI) has acquired Fusion Specialty Group, a specialist managing general agent. AGI acquired Fusion from POP Group Holdings, the Sydney, Australia-headquartered insurtech conglomerate, for an…
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Job cuts by U.S.-based employers plunged by 40% in the first half of 2026, compared with the same period last year. That doesn’t mean this is a light year for layoffs, though. Rather, last year’s job-loss total…
This is just a guess, but I’d be willing to bet that very few of us have actually sat down and read the user manuals for our major appliances. Personally, I might pull one out if I needed to look up an error code, but even then I’d probably only look at the relevant pages….
The DRAM – Roundhill Memory ETF (DRAM 2.05%), the first-ever exchange-traded fund (ETF) dedicated to memory stocks, came out of the gate strong, with the fund tripling from its $27 opening price when it debuted on April 2. However, more recently, the fund has pulled back, along with memory stocks, and is down more than…
Overlooked market areas may have a banner second half of the year. ETF Action co-founder Mike Akins is encouraging investors to boost exposure to groups that underperformed compared with major artificial intelligence stocks. He told “ETF Edge” this week that his list includes software and cloud computing names. Many have fallen from “nosebleed valuations” and…
The Securities and Exchange Commission has appointed John Moses as Director of the agency’s Office of Investor Education and Assistance, which provides services and resources to help investors build their financial futures and protect against investment fraud. Mr. Moses joined the SEC staff in 2016 and has served in a variety of positions, including as…
“I’ve always been a little skeptical of the government’s encouragement to delay claiming benefits.”
