No Nuclear, No AI: How the Energy Layer Became the AI Layer
AI data centers run on electrons. Here’s why Big Tech is signing nuclear contracts — and how the investment ecosystem breaks down from uranium mining to SMR development.
Markets
Markets
Why Nvidia Borrowed $25 Billion It Didn’t Need
Nvidia has $62.6 billion in cash. Last week, it issued $25 billion in corporate bonds anyway. If that seems contradictory,
Markets
Forward Guidance: The Fed’s Most Powerful Tool — And What Warsh Just Did to It
The Fed invented forward guidance to move markets with words. Here’s how it evolved since 2008 — and what Kevin Warsh’s missing dot signals about the era ending.
Markets
AI Export Controls: Why Platform Investors May Win
AI models are becoming the new semiconductors — assets governments want to control at the border. Anthropic recently restricted two
Markets
One Dot Just Moved Markets. Here’s What the Fed Dot Plot Actually Is.
The Fed held rates steady — but the dot plot moved markets anyway. Here’s what the dot plot is and why nine anonymous dots matter more than the decision itself.
Markets
When Hardware Becomes a Bond: The New Logic of AI Infrastructure Investing
AI infrastructure investing used to be about counting chips. CoreWeave just changed the question. The company’s model works like this:
Markets
The Fed Decision Is Already Priced In. The Press Conference Is Not.
When the Federal Reserve announces its rate decision tomorrow, most investors will watch the number. That’s the wrong thing to
Markets
Why Good Earnings No Longer Guarantee a Rising Stock
For most of the past decade, stock buyback investing* had a quiet superpower: it made earnings per share* look better
Markets
Why Japan’s Interest Rate Decision Moves US Markets
The Bank of Japan* is expected to raise its benchmark interest rate tomorrow — from 0.75% to 1%. It sounds
Markets
Iran Oil Deal: What the Hormuz Truce Means for Investors
The Iran oil deal struck this weekend moves fast. A ceasefire is in place, and a formal signing is scheduled