Markets
Governments want to hold America's shares more than its debts
Foreign governments are shifting their U.S. holdings from bonds toward stocks, trading safe debt for riskier equities. When countries reallocate at this scale, the effects ripple through the global economy.
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AI & Tech
The AI boom meets a new kind of crypto scam
Payment cards linked to crypto accounts may be enabling Chinese buyers to pay for access to American AI models, creating a new kind of sanctions-dodging scam. The AI boom's hunger for computing and models has given old crypto tricks a new twist.
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AI & Tech
How the AI boom could worsen the rich world's fiscal crunch
Even if artificial intelligence boosts growth, it may make tax collection harder for rich-world governments. The AI boom could deepen, not fix, the fiscal crunch facing heavily indebted countries.
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Business
The era of speedball capitalism has dawned
America is in the middle of a financial revolution. A new era of fast, leveraged, highly financialized capitalism is reshaping how companies and investors behave.
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Economy
A hurricane is coming to tax systems
Governments should be preparing for the upheaval that artificial intelligence will bring to tax systems, but most are not. A hurricane is coming for public revenues and few finance ministries are ready.
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World
Don't put Donald Trump and Kim Jong Un in a room together
A summit between the two self-described friends could go horribly wrong. Putting Donald Trump and Kim Jong Un in a room together is a dangerous idea.
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Ideas
Effective altruism is this century's biggest idea
Effective altruism may be this century's biggest idea. The movement is admirable in its ambition to do the most good, but dangerous in its conclusions.
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Personal Finance
Investing for babies involves knotty trade-offs
New parents face hard trade-offs in how to invest for a baby: favor financial capital, human capital, or something else? The choice shapes both the child and the family.
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Markets
Financial astrology is a serious business in India
Financial astrology is a serious business in India. That is bad news for investors' returns.
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Asia
Research on grasping bureaucrats startles Singapore
New research on self-dealing bureaucrats startled Singapore. It may say more about the country's academic culture than about its famously clean civil service.
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