Markets & Investing
Coverage of financial markets, investment strategies, and the economic forces that move money. Connects macro trends to real decisions for investors and professionals.
Latest in Markets & Investing
Cerebras dropped 10% on Day 2 after surging 68% on its IPO — the stock is still 51% above its $185 offering price
Cerebras Systems gave back a chunk of its blockbuster debut on its second day as a public company. Shares of the AI chipmaker fell roughly...
A $25 billion Treasury auction just cleared at 5.046% — the last time the government paid this much to borrow for 30 years was before the iPhone existed
The U.S. Treasury sold $25 billion in 30-year bonds on May 13, 2026, and the clearing yield landed at 5.046 percent. That is the highest...
Gas hit $4.53 and Iran’s ceasefire expires in 48 hours — Kalshi bettors are now pricing in $5.60 a gallon by summer
Filling up a tank of regular gasoline now costs American drivers an average of $4.53 a gallon, the highest pre-summer price since 2022, according to...
Trump said he’s “losing patience” with Iran — the ceasefire expires Sunday, oil hit $107, and gas is 16 cents from the all-time U.S. record
The national average price of a gallon of regular unleaded gasoline has climbed to roughly $4.85, putting it within about 16 cents of the all-time...
The 30-year Treasury yield just hit 5.08% — the highest since 2007 — and every mortgage, car loan, and student loan in America is tied to that number
When the 30-year U.S. Treasury yield crossed 5.08% in late May 2025, mortgage lenders began repricing rate sheets before the trading day was over. Auto...
Retail spending rose for the third straight month — but strip out gas and the American consumer is barely growing at all
Three months of rising retail sales sound like a vote of confidence from American consumers. Look closer, and the streak has a catch: a growing...
132,000 tech workers have been laid off in 2026 — and the companies cutting them just posted record revenues and doubled their AI budgets
By the end of April 2026, technology companies had eliminated roughly 132,000 jobs, according to Layoffs.fyi, the widely cited tracker founded by Roger Lee. The...
Zero rate cuts are priced in for 2026 — and the new Fed chair who started work today has never voted for one
Kevin Warsh walked into the Eccles Building on May 15, 2026, as the 17th chair of the Federal Reserve. The bond market had already written...
Fed Chair Jerome Powell steps down after 8 years, stays on board
When Jerome Powell hands the Federal Reserve chairmanship to Kevin Warsh on May 15, 2026, he will do something almost none of his predecessors have...
The S&P 500 closed above 7,500 for the first time — Cisco’s 19% surge and Cerebras’s $5.5 billion IPO led the charge
The S&P 500 closed at 7,501.24 on Thursday, settling above 7,500 for the first time in the index’s history. The Associated Press confirmed the record,...
Xi warned Trump that differences over Taiwan could lead to a “clash” — on Day 1 of a summit where traders give 81% odds the tariff truce gets extended
Chinese President Xi Jinping looked across the table at Donald Trump on May 14, 2026, the opening day of their bilateral summit, and delivered a...
Cerebras raised $5.5 billion in the biggest tech IPO since Uber — then the stock nearly doubled on Day 1 to a $95 billion valuation
When Cerebras Systems priced 30 million shares at $185 each on Wednesday evening, the AI chip startup had already secured its place in Wall Street...
Cisco cut 4,000 workers on the same day it posted record revenue of $15.84 billion — and doubled its AI orders to $9 billion
On May 13, 2026, Cisco Systems did two things simultaneously: it reported the strongest quarter in its 42-year history, and it told nearly 4,000 employees...
Retail sales rose 0.5% in April — but furniture fell 2%, clothing fell 1.5%, and department stores dropped 3.2% because Americans are spending all their money on gas
Furniture sales fell 2%. Clothing dropped 1.5%. Department stores slid 3.2%. And yet the U.S. Census Bureau’s Advance Monthly Sales report for April 2026 (release...
The new Fed chair takes over with inflation at 3.8%, wholesale prices up 6%, and a 30% chance the Fed raises rates instead of cutting them
Kevin Warsh did not get a grace period. The new Federal Reserve chair took the oath on May 15, 2026, the day Jerome Powell’s four-year...
Producer prices for services jumped 1.2% in a single month, the biggest gain since 2022 — that’s the inflation the Fed can’t blame on oil
Wholesale prices spiked in April 2026, and the usual explanation doesn’t apply. It wasn’t oil. It wasn’t gasoline. It wasn’t a drought or a refinery...
PayPal is slashing 20% of its workforce — 4,760 jobs because the new CEO says the company “lost ground to rivals”
PayPal plans to eliminate roughly 4,760 jobs over the next two to three years, a reduction of about 20% of its workforce, as CEO Alex...
The Senate confirmed Kevin Warsh as Fed chair 54-45 tonight — the closest vote for a central bank leader in modern American history
Kevin Warsh was confirmed as the 17th chair of the Federal Reserve on the evening of May 13, 2026, surviving a 54-45 Senate vote that...
Trump flew 15 billionaire CEOs to Beijing on Air Force One — the same week wholesale prices jumped 6% and gas hit $4.51 back home
On the morning of May 13, 2026, Air Force One lifted off with President Donald Trump and at least 15 chief executives from some of...
Zero rate cuts are priced in for 2026 — and the man who just became Fed chair has never voted for one
The futures market has made its bet for 2026: no rate cuts at all. Fed-funds futures, as tracked by the CME FedWatch tool, now assign...