Author: Admin

Vice President JD Vance speaks with reporters after his arrival at Joint Base Andrews in Maryland, May 28, 2026.Matt Rourke | AFP | Getty ImagesVoters are worried about the cost of living. Comments from the GOP this week are not likely to console them. President Donald Trump, in an interview Wednesday, said the word “affordability” was “devised” by Democrats to disparage him. The Republican National Committee sent out a fundraising text attributed to Vice President JD Vance that said groceries “cost what they cost.” And Sen. Darline Graham, R-S.C., who won the nomination for a full Senate term on Tuesday,…

For all their talk of investing for the long run, active fund managers like to trade.Take Terry Smith for example, whose flagship Fundsmith Equity fund reported portfolio turnover of 51.8% in the first half of 2026. In his mid-year letter to shareholders, Smith said the fund had started building positions in 12 companies while exiting, or starting to exit, 13 others. For a fund whose investment mantra ends with “do nothing”, that’s a lot of activity.For investors in active funds, keeping tabs on what they own can be a challenge. Try 6 free issues of MoneyWeek today Get unparalleled financial…

Defense3 hospitals from Okinawa to Tokyo to expand capacity for wounded and new departmentsExpanded medical facilities and supply stocks are part of Japan’s ongoing defense buildup. (Taken from Japan Ground Self-Defense Force’s social media post)RYOTA OGATAAugust 27, 2026 06:30 JSTTOKYO — Japan will expand beds at Self-Defense Forces hospitals to ensure the facilities can accommodate casualties during an emergency, Nikkei has learned.

When you’re planning a vacation, you probably aren’t thinking about worst-case medical scenarios. Travel insurance, if it comes up at all, is often viewed as a way to protect against a canceled flight or lost baggage. But a serious medical emergency abroad can wreak havoc on your finances. The U.S. Centers for Disease Control and Prevention estimates an international air ambulance can cost $30,000 to $250,000.  Emergency medical evacuation insurance is designed to protect against that risk. Here’s everything you need to know about how this benefit works, what it pays for, and how to choose a plan that actually…

A goat herder in Northern California just did something more typical of a Wall Street investment bank – hedge risk with derivatives. Tim Arrowsmith’s labor costs were about to more than triple after a state wage exemption policy expired on June 30. No insurer would cover that risk. No futures contract existed for it. So he paid $50,000 for a contract on Kalshi that pays him $500,000 if Sacramento doesn’t fix the rule by October 1. Now, if Sacramento does fix it, his labor costs stay the same and he’s only lost $50,000. If they don’t, he’ll have $500,000 to…

Fresh Insights Leveraging for liquidity Texas Permanent: upping its liquidity risk? Source: Getty Texas Permanent School Fund is increasing its leverage capacity as it seeks to capitalise on market opportunities, our colleagues at Buyouts report (registration required). The move – which would raise the pension’s capacity from 10 percent to 15 percent – is designed to make dry powder available while keeping private equity commitments steady, staff noted at a 20 August meeting.

George Kurtz, CEO and founder of CrowdStrike, speaks to the Economic Club of New York in New York City, U.S., Oct. 23, 2025. Brendan McDermid | ReutersCrowdStrike popped more than 11% in extended trading after the cybersecurity company topped Wall Street’s fiscal second-quarter estimates and boosted guidance as artificial intelligence threats mount.Earnings per share: 31 cents adjusted vs. 29 cents expectedRevenue: $1.47 billion vs. $1.44 billion expectedRevenue jumped 26% in Q2 from $1.17 billion a year ago, with CEO George Kurtz calling it “the best quarter in CrowdStrike’s history” in the earnings release.”The Mythos moment translated into mass-market acceptance that…

I wrote this post because I needed a kick in the pants. I was finishing my fifth straight day of seven to nine hours of nonstop childcare, plus three posts and a newsletter, and I still had four more days to go. My wife and I were both sick, but she had it worse, so I had to step up. What follows is mostly me talking myself out of quitting. If you’ve been struggling with motivation to take care of your children, maybe this post will help. Most parents assume they have 18 years with their children. You get them at…

Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce shares soared 14% in extended trading on Wednesday after the cloud software vendor reported results and issued guidance that surpassed Wall Street projections.Here’s how the company did relative to LSEG consensus:Earnings per share: $5.90 adjustedRevenue: $11.35 billion vs. $11.32 billion expectedSalesforce’s revenue increased 11% from a year earlier in the fiscal second quarter, which ended on July 31, according to a statement. Net income of $3.53 billion, or $4.29 a share, jumped 87% from $1.89…

Using Danish registry data, we study how managers’ gender attitudes shape gender inequality in the workplace by exploiting the birth of a daughter – as opposed to a son – as a plausibly exogenous shock to male managers’ gender attitudes. Comparing within-firm changes in women’s labor outcomes depending on the gender of the manager’s newborn child, we find that women’s relative earnings and employment increase by 4.4% and 2.9% respectively following the birth of the manager’s first daughter. These effects are driven by an increase in managers’ propensity to substitute male hires with female hires that have comparable education, hours…