Category: Markets and Macro

Tariffs are usually framed as a blunt weapon that raises prices and rattles allies, but in the pharmaceutical and manufacturing sectors they have also become a lever for redirecting investment. When President Donald Trump tied trade penalties to where critical drugs and components are made, two global firms responded by steering multibillion dollar projects into…

President Donald Trump says he has settled on his next choice to lead the Federal Reserve and is preparing to reveal the decision, signaling a pivotal moment for monetary policy as markets watch for clues on the central bank’s future path. His comments suggest the search phase is effectively over and that the White House…

Investors are already looking past the current slowdown and toward a 2026 landscape that could look very different, with new industrial capacity coming online just as tax policy turns more supportive. Billionaire investor Scott Bessent has emerged as one of the clearest voices arguing that the combination of fresh factory output and lighter fiscal headwinds…

Americans are not just feeling the pinch of higher prices, they are increasingly pointing the finger at President Donald Trump. A new wave of polling shows that by roughly a two to one margin, adults in the United States say Trump has pushed the cost of living up rather than down, a striking reversal from…

Argentina’s economic unraveling is not just a local tragedy, it is a live stress test of what happens when chronic fiscal excess, political fragmentation, and social exhaustion collide. I see in Argentina’s turmoil a warning for other democracies that are flirting with similar pressures, from unsustainable debt and inflation to populist backlashes against traditional parties….

Shrinkflation in 2025 is quietly reshaping everyday shopping, as familiar staples get smaller while price tags stay put. From snack aisles to cleaning supplies, the pattern shows how brands respond to cost pressures without obvious sticker shock, leaving households to do the math. I will walk through eight concrete examples that illustrate how this hidden…

Crypto was sold as the asset class that would outrun inflation, sidestep central banks, and mint a new generation of retail millionaires. Instead, investors are watching violent price swings, sudden crashes, and a steady drumbeat of warnings from traditional finance about just how fragile this market can be. I want to unpack why the “sure…

America is pumping near-record volumes of crude, yet a surprising share of that oil is not a natural fit for the fuel system that keeps the country moving. The mismatch is not about politics or patriotism so much as physics, engineering, and decades of investment decisions that locked refineries into a very specific diet of…

Black Friday shoppers opened their wallets even as the broader economy sent mixed signals, delivering a solid boost to retailers that have spent the year bracing for a slowdown. The surge in spending highlights how resilient consumer demand remains, but it also exposes the trade-offs households are making as they juggle higher prices, rising debt…

Russia’s decision to halt operations at a flagship refinery after a record drone attack on its fuel infrastructure marks a new phase in the war’s economic front. The strike has exposed how vulnerable a $10 billion complex can be to relatively low-cost weapons, and it raises fresh questions about the resilience of global energy supply…