Good morning. Are we in a stock market bubble? If you go by the so-called Buffett Indicator, as my colleague Shawn Tully reminded readers in this piece yesterday, the answer is yes. The ratio of total stock market capitalization to…
Prediction markets Kalshi and Polymarket claim to be truth machines that offer insights into everything from elections to interest rates. But they are also something else: Massive sports betting platforms. Recent reports have found that sports wagers accounted for over…
Dr Phillip Swagel is an optimist, both by nature and when he looks at the U.S. economy. This fact is perhaps at odds with what one might assume: Swagel is the director of the Congressional Budget Office (CBO), the nonpartisan…
The delivery robots rolling down your sidewalk have cameras, sensors, and a constant need to dodge whatever is in their path. Think fallen e-scooters, construction zones, and tricky curbs. That data gets stored so that other robots know what lies…
President Donald Trump said the U.S. forcibly seized an Iranian-flagged cargo ship that tried to get around a naval blockade near the Strait of Hormuz on Sunday, the first such interception since the blockade of Iranian ports began last week. Trump on social…
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected. In the 10-minute address, Carney spoke…
Federal prosecutors said a 44-year-old Los Angeles woman was arrested Saturday night at Los Angeles International Airport on suspicion of helping Iran traffic weapons to Sudan, which is in its fourth year of a bloody civil war. Shamim Mafi will face charges…
A refund system for businesses that paid tariffs which the U.S. Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so is scheduled to launch Monday. Importers and their brokers will be able to begin claiming refunds through…
Stock futures tumbled and oil prices jumped on Sunday after hopes that the Strait of Hormuz would fully reopen were deflated over the weekend by renewed gunfire. Futures tied to the Dow Jones industrial average fell 407 points, or 0.82%. S&P 500…
The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported, citing US officials it didn’t identify. UAE Central Bank Governor…