Category: Markets and Macro

Elon Musk is framing a newly released trove of Medicaid spending data as a major victory for his Department of Government Efficiency, or DOGE. The release coincides with a federal finding that 2.8 million Americans may be enrolled in duplicate health coverage plans, a problem the administration says costs taxpayers $14 billion each year. But…

Morgan Stanley is looking to channel fresh capital into India at a time when global private equity markets are experiencing historic levels of deal activity. The firm already operates the Morgan Stanley India Investment Fund, Inc., a closed-end fund listed on the New York Stock Exchange, and its latest annual regulatory filing shows audited holdings…

The International Monetary Fund reshaped its own lending rulebook in March 2023 to clear the path for a major bailout package for Ukraine, a country at war and unable to offer the repayment guarantees the Fund has traditionally demanded. The policy shift, completed with little public fanfare, loosened longstanding requirements around financing assurances and borrower…

Algoma Steel, one of Canada’s largest steelmakers, has seen its stock price surge as bipartisan momentum in the U.S. House to roll back tariffs on Canadian imports collides with an aggressive White House trade posture that has doubled Section 232 duties. The result is a rare market dynamic: a Canadian producer gaining ground precisely because…

Cathie Wood, the high-profile founder of ARK Invest, has built a public case that artificial intelligence will drive prices down so fast and so broadly that traditional economies could buckle under the pressure. Her proposed answer to that deflationary force is bitcoin, a fixed-supply digital asset she argues can serve as a store of value…

President Trump has intensified his public campaign for lower interest rates after fresh inflation data showed consumer prices rising at a slower pace than many analysts expected. With the Federal Reserve holding its benchmark rate steady on January 28, the new numbers give Trump additional ammunition in a pressure campaign that has drawn renewed attention…

The yield curve between the 10-year and 3-month Treasury just flipped positive after a prolonged inversion, a shift that has preceded each of the last four U.S. recessions. This is not a theoretical exercise or a Wall Street parlor trick. The spread’s return to positive territory carries a track record that demands serious attention from…

The Federal Reserve just held interest rates steady while describing the economy in terms that, even a year ago, would have sounded aspirational. Growth is solid, unemployment is stabilizing, and inflation, while still slightly above target, is close enough to the 2% goal that the dreaded recession scenario looks increasingly unlikely. For anyone who spent…

A funding lapse at the Department of Homeland Security would not simply idle a few Washington offices. It could ripple outward into airport security lines, Coast Guard operations, disaster preparedness, and cybersecurity monitoring, touching millions of Americans who rarely think about the agency until something goes wrong. The key question is how quickly and how…

The U.S. Government Accountability Office has issued a direct warning that the federal government’s fiscal trajectory is unsustainable, calling on Congress to develop a concrete strategy before accelerating debt levels trigger broader economic and security consequences. With gross national debt climbing by trillions in a single year and interest costs consuming an ever-larger share of…