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More evidence that broad-market index funds remain unbeatable, even in the era of AI stock-picking
Even with the rising use of AI, picking market-beating stocks has not become any easier this year, a new report finds.
Elon Musk is now richer than any American ever — and it’s not even close
Musk’s trillioniare status means he’s wealthier than his next three contemporaries combined — and also worth more than historical tycoons like John D. Rockefeller.
Flu season is already here. Here’s what to know about this year’s flu shots
This year’s flu season has arrived about seven weeks earlier than in 2025 or 2024.
Hurricane Isaias to ‘stress test’ oil markets already hobbled by tight fuel supplies
Supply disruptions during the Atlantic hurricane season usually end up being a blip. This year could be very different.
- The Daily Economy Read
The Siren Call to Fight Income Inequality
Wu is after a different, larger game: fixing the economy by capitalizing on the uneasiness that is boosting Democratic chances in the midterm election.
Here’s how much stocks could fall if the Democrats sweep Congress, according to BofA
The rising probability of the Democratic Party taking control of both houses of Congress in the midterm elections poses a “meaningful” threat to risk appetite, said Michael Hartnett, Bank of America’s chief equity strategist.
- The Daily Economy Read
Manufacturing Surged When Tariffs Were Lifted
Tariffs raised costs and manufacturing jobs disappeared. Now, the administration is declaring victory for partially filling the hole it dug.
Florida is voting on whether to slash property taxes. Here’s who it would benefit — and hurt
Amendment 3’s passage could add momentum to other states’ efforts to slash property taxes
As AT&T, Verizon and T-Mobile shares fall, Wall Street assesses the growing SpaceX threat
SpaceX still has a ways to go before it can seriously challenge the three major wireless operators, but it’s making moves to grow its capabilities.
- The Daily Economy Read
Life in The Grim Old Days
Chelsea Follett’s new history shows how wretched life was before the industrial revolution, but our escape from it began long before the steam engine.
- The Daily Economy Read
Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
Is iPhone 18 demand cooling off? Here’s how deep Apple reportedly is cutting component orders
Component orders for the iPhone 18 Pro and the iPhone 18 Pro Max are down about 15% in October, according to Nikkei Asia.
‘I feel like a loser’: My ETFs go up one day and crash the next. Is this a bad sign?
“I presume these are sophisticated investors taking a profit.”
Why the price of this one exchange-traded fund has suddenly gone exponential
An ETF tied to freight futures is surging.
Jelly Roll and Bunnie Xo set to sell $7 million Tennessee home he gave her in divorce
Jelly Roll and Bunnie Xo are bidding farewell to their $7 million Tennessee home, which the country singer handed over to his former wife following their divorce.
Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks
The artificial-intelligence build-out is most often associated with the dot-com boom at the end of the last century, but quants at one Wall Street giant identify another parallel: to the bell-bottomed, polyester suit, high-inflation era of the late 1970s.
SpaceX’s Starlink Mobile plans are pressuring AT&T and Verizon shares
SpaceX plans to purchase Grain Management’s 800 MHz spectrum portfolio in a move to bolster its mobile ambitions. The news is lifting cell-tower stocks.
Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes ‘undue concern’
OpenAI’s annualized revenue reportedly fell short of expectations — but analysts say that reflects differences in how the figure is reported, not weakness in AI demand.
My husband inherited $3 million. He wants a vacation home, but I want to save for retirement. Who’s right?
“I keep thinking about giving each child $750,000 toward a house.”
PepsiCo CEO’s message to employees: If you’re not producing growth, you’re out
PepsiCo CEO Ramon Laguarta says that everything at the company that is not related to growth will not be part of the company.
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