KEY POINTS Wall Street increasingly has noticed that the Fed is continuing to expand on its mandate of price control and full employment. Over the past year, the central bank has taken on climate control and ensuring that employment growth is spread evenly through...
The day after Independence Day in the U.S., Jeff Bezos will give up the day-to-day reins of the now-colossal company he founded nearly three decades ago. Bezos, speaking Wednesday at Amazon’s annual shareholder — his last as CEO — announced that he will step aside...
Stanley Druckenmiller is widely considered one of the greatest investors ever. Born in Pittsburgh in 1953, he studied English at Bowdoin College before starting work towards an Economics PhD at the University of Michigan. In 1977, he dropped out of the PhD program...
China plans to open two nuclear breeder reactors beginning in 2023. These reactors make weapons-grade plutonium as part of their operation. International scientists are worried about what this means for Chinese nuclear weapons. On the tiny, nondescript island of...
In the very first scene of HBO’s “Silicon Valley,” Big Head complains, “Money [is] flying all over Silicon Valley, but none of it ever seems to hit us.” Well, Big Head, it might be time for a move to Ann Arbor, Raleigh, or Atlanta. America’s VC landscape is...