Jonathan Levin

Federal Reserve Chair Jerome Powell ends his tenure atop the world's most powerful central bank with his legacy mostly cemented.

There’s a whiff of panic among investors these days. US Treasury yields have climbed to levels unseen in more than a year at the same time as a furious rally has left stocks near all-time highs. Surely, both moves can’t coexist for long, goes the narrative. Why are stock traders ignoring the warning bells ringing loudly in bond markets?

Federal Reserve Chair Kevin Warsh heads into his first full week on the job facing an impossible situation. His campaign for the position strongly alluded to the possibility of lower interest rates, something President Donald Trump had been openly demanding of Fed leadership. He also committed to reforming Fed communications to give a lot less “forward guidance,” a tool that has made the Fed less nimble in his reckoning. Warsh will have to backtrack on at least one of those stances as fixed-inco

A series of suspicious oil trades earlier this year, during the US-Israeli conflict with Iran, prompted the White House to go so far as to send a staff-wide email warning against insider trading. Remarkably prescient trades had become such a regular occurrence that President Donald Trump’s government had grown concerned with the optics — and that’s saying something for an administration that has flaunted its conflicts of interest!

Opinion Well-founded concerns persist the Trump administration is doing too little to police insider dealing in both traditional oil markets and new prediction ones. Jonathan Levin

Space Exploration Technologies Corp. is a special company that most investors will want in their portfolios… eventually. It dominates the launch business, has an unrivaled collection of satellites in orbit to provide broadband and offers exposure to artificial intelligence (making it a great hedge against the risk that AI will get you fired). That constellation of facts is pretty remarkable — and it’s not really up for debate, whether you trust serial exaggerator Elon Musk or not.

If a company were burning through essentially all of its cash flow each month, I’d be pretty nervous about its prospects. But that’s basically how Americans have been running their households since Donald Trump returned to the presidency with an inflationary agenda of tariffs and, most recently, higher energy prices from the conflict with Iran.

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The latest earnings season is drawing to a close, and it’s revealed how the artificial intelligence boom is engulfing more and more of the S&P 500 Index. The profits are pouring in, yet the US is increasingly a single-narrative market — one where stocks will swoon together when the music stops playing.