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Congress Is Playing Favorites With the Prediction Markets Bill

2026-03-26 20:00:06

Follow any March Madness game, the popular NCAA basketball tournament, on your phone this week and it might feel like you’re experiencing the same pattern: score update, betting prompt, score update, betting prompt. Even Coinbase, the crypto app, is pushing March Madness “markets” to home screens.

A Columbia Student Strike May Foreshadow the End of Unions

2026-03-26 19:30:04

I was a graduate student at Columbia University when the United Auto Workers tried to unionize my classmates. I didn’t think it was a good idea. Our needs as students were much different from autoworkers, not to mention the dues and extra taxes we would owe.

Private Credit Has an AI Recovery Problem

2026-03-26 19:00:19

Private credit funds lent a lot of money to software companies at the beginning of the decade when they were being snapped up in a rush of expensive buyout deals. Now many of these tech businesses are braced for disruption by artificial intelligence, and some might end up defaulting on that debt. I fear private credit firms won’t recover as much of their loans as they’d hoped.

Rubio’s Courtroom Moment Has 2028 Implications

2026-03-26 19:00:06

When Secretary of State Marco Rubio testified against his longtime ally David Rivera in federal court in Miami this week, it was reportedly the first time a sitting cabinet member had taken the stand in a criminal trial since 1983.

Your Roof Is Ground Zero of the Insurance Crisis

2026-03-26 18:30:04

A house gives its owner at least two big things: wealth and the ability to sleep indoors. A roof makes both possible. When the roof goes, the home’s value evaporates and it becomes a campsite with walls.

Finance Isn’t Prepared for an Iran Crisis. It Should Be

2026-03-26 18:00:09

With the war in Iran entering its second month, markets are starting to look worried. Financial regulators should be, too.