Finance
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Bill Ackman, David Tepper, and other billionaire fund managers are quietly piling into Amazon
A murderer’s row of hedge fund managers agree on one investment move: Amazon is a bargain megacap stock in the artificial intelligence trade that looks expensive. During the most recent quarters, a roster of money managers including David Tepper‘s Appaloosa Management, Seth Klarman’s Baupost Group, Al Gore’s Generation Investment Management, and Sanders Capital have been…
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A big look at the state of housing in America: Boomers won’t sell, millennials can’t buy, and Gen Z gets to watch the whole thing sort itself out
Since the pandemic, hopeful homebuyers have grown accustomed to a certain narrative: An inventory squeeze and swathes of homeowners unwilling to move means demand for housing has vastly outpaced the supply of available homes. It’s a dynamic that could soon be put into reverse by the same demographic pressures transforming every other part of the…
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Trump’s international student crackdown kicked off a domino effect that could shave nearly $500 billion off the economy
U.S. colleges are dealing with plummeting international student enrollment, and the consequences could go far beyond shrinking tuition revenue. International students have become less likely to pursue education in the U.S. since President Donald Trump’s return to office. The administration has introduced more restrictive anti-immigration policies, including measures that explicitly target foreign-born students, and tightened…
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Current price of oil as of June 24, 2026
At 8:45 a.m. Eastern Time today, the price of oil sits at $75.57 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $2.47 since yesterday morning and roughly $7.40 more than at this time last year. oil price per barrel % Change Price of oil yesterday $78.04…
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Trump claims consumers are being ‘gouged’ by gas companies and orders DOJ price probe, as Bessent warns U.S. must avoid ‘foreign chokepoints’
With tensions in the Middle East slowly unwinding, President Trump wants to see the step-down in oil prices reflected at the pumps for American consumers. In fact, he’s ordered a Department of Justice probe into the issue to find out why gas isn’t already cheaper. In a Truth Social post early this morning, Donald Trump…
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The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting
After nearly four months of fighting, a blockade of one of the world’s busiest shipping corridors, a threat of “annihilation” of an entire country, and a shaky ceasefire, the war in Iran is over—or so it seems. Talks between American and Iranian governments to reach a preliminary deal and officially end the conflict continued well…
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Quantum computing stocks surge after Trump signed executive orders backing the sector
Shares of quantum computing companies were a rare bright spot amid a tumultuous market Tuesday, surging after President Trump signed two executive orders aimed at maintaining U.S. dominance in the emerging technology. While the broader market slumped Tuesday, with investor jitters on AI and tech pushing the tech-heavy Nasdaq down 2.2% and the S&P 500…
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The man who invented the Fed’s magic trick just died. His successor is about to try it again
Some of the most consequential decisions in the global economy of the 1990s were worked out in a bathtub. Alan Greenspan, who died Monday at 100 from complications of Parkinson’s, had a bad back. He soaked it at dawn in a deep tub at home, thinking through the economy before the day began, and it…
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‘London isn’t just calling—it’s cooking.’ Europe’s largest economies face over $600 billion in heat-driven losses by 2030
On Tuesday, United Nations Secretary-General Antonio Guterres delivered a speech at London’s Climate Week. Climate activists could not have hoped for a better day for the UN chief to step up to the podium. With temperatures pushing into the high 90s in London (that’s above 30 for the Celsius heads), Tuesday went down as the…
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AI’s power hunger is turning electric utilities into Wall Street growth stocks — and customers may pay the price
A corporate merger that would form the largest electric utility in the United States is underway. It’s just one of many recent utility mergers and acquisitions as electric utilities enter a period of rapid growth. On May 18, 2026, NextEra Energy announced it would buy Dominion Energy for US$66.8 billion. What’s driving this deal and…