2026-01-02 20:00:12
Social media algorithms know me better than I do. Who knew I’d get such joy from watching Love Luxury, a handbag reseller with a YouTube channel that typically features bereft women trying to sell Birkin bags gifted from former lovers? “It is just too painful to keep,” one says. “Oh, and the stickers are still on … can I get $50,000 for it?”
2026-01-02 19:30:08
The prediction market Kalshi Inc. just publicized the results of a study demonstrating its ability to generate more accurate inflation forecasts than the consensus of Wall Street analysts. The study itself has not been released so we don’t know which Wall Street consensus estimate was used or how Kalshi extracted a forecast from the betting patterns of its customers.The latter point is crucial as it will go a long way to answering how useful such platforms can be for investors and the market ove
2026-01-02 19:00:12
Although the first quarter of the new century has seen four presidents, it is doubtless Donald Trump who will most fascinate future historians. And with the first year of his second term nearly in the books, our stocktaking of the moment must begin with what has been most mashed and mangled since Jan. 20: the rule of law.
2026-01-02 13:00:08
As space rapidly becomes an essential battlefield, Europe risks being left behind. Its current approach to the new space race — regulate first, compete later — is unlikely to help.
2026-01-02 12:30:08
When the FIFA World Cup kicks off in North America in June, the trophy won’t be the only prize up for grabs. Nike Inc. and Adidas AG will be battling on and off the pitch to win sales and to raise the profile of their brands in the US and around the world. With the games hosted in its home markets, and with Elliot Hill in place as chief executive officer for long enough to make a difference, the tournament is Nike’s to lose.
2026-01-02 12:00:08
Investors were rationally exuberant in 2025. US consumers remained remarkably resilient, keeping the world's largest economy out of recession. The tariff blizzard waxed and waned, eventually settling at levies still compatible with maintaining global growth, albeit at an anemic level. Central banks around the world eased monetary conditions, helping to slow an increase of government bond yields amid increased sovereign debt supply. The value of global equities set a fresh record. The coming year
