Finance

Payrolls fell 23,000 against an expected gain of 80,000, and the S&P 500 closed at a record the same day. That is not the old "bad news is good news" trade — the market was pricing out a hike, not pricing in a cut.

Wells Fargo's tokenized deposit announcement promises 24/7 settlement without leaving the regulated, insured banking system. The same release discloses that deposits held in non-U.S. branches are not FDIC insured. Both statements are true, and the gap between them is the lesson.

The long end sold off while short rates stayed anchored — a steepening driven by term premium, not by expected Fed cuts. What that distinction means, in dollars.

The same June data reads 3.7%, 3.3%, 2.8%, 5.1% or 2.2% depending on the gauge. Picking one is not a technical choice — it moves benefits, brackets and rates.

A $44,000 trade pushed a candidate's odds from 13% to 96%. That's the whole problem with citing thin prediction markets as truth.

The most important piece of US crypto legislation in history is three Senate votes away from becoming law. Here's what the CLARITY Act actually does — and what happens if it doesn't pass.

Judge Katherine Menendez blocked Minnesota's prediction market ban four days before it took effect. It's the clearest federal signal yet that prediction markets are financial instruments — not gambling.

The Federal Reserve held rates at 3.50–3.75% for the fifth consecutive meeting. The decision was expected. Kevin Warsh's refusal to signal what comes next was not.

Alphabet beat estimates and fell 7.4%. Microsoft and Meta report Wednesday. The market is finally running an audit on AI capex — and this is what it's looking for.

Markets are split almost 50/50 on a July 29 rate hike. Here's what a hike or a hold concretely means for mortgages, savings, and your portfolio.