My mid-week morning practice WFH reads:
• US Economic system Reality Sheet: State of the Union 2026: USAFacts’ data-driven snapshot of the place the financial system truly stands — jobs, inflation, debt, progress — stripped of spin. (USAFacts)
• FedEx sues Trump administration for full tariff refunds after Supreme Courtroom ruling: FedEx isn’t ready round — it’s suing for a full refund of tariffs paid underneath IEEPA authority that the Courtroom simply declared unconstitutional. (Fox Enterprise) see additionally Trump’s new tariffs are simply as unlawful as his outdated tariffs: The Supreme Courtroom struck down the primary spherical. The substitute tariffs invoked underneath a special statute have the identical constitutional issues. (Widespread Data)
• Diversification: It’s Not Only for Protection Anymore: The case for diversification has all the time been about danger discount. Now it’s beginning to seem like an offensive technique too, as focus danger bites the mega-cap commerce. (Wall Avenue Journal)
• Trump’s Problem to Free Market Capitalism: Stakes in personal corporations. Handshake offers with chief executives. The president’s financial agenda — tariffs, industrial coverage, selecting winners — represents a basic break with Republican free-market orthodoxy. The celebration goes together with it anyway. The president’s financial coverage has drifted removed from rules that lengthy outlined the Republican Occasion. Is it capitalism in any respect? (New York Instances)
• US most likely shed jobs final yr, high Federal Reserve official says: Christopher Waller says he would again March charge lower if there are additional indicators of weakening within the labour market: US employment most likely fell in 2025, underscoring how the labour market weakened throughout the first yr of Donald Trump’s second time period, in keeping with new projections by a high Federal Reserve official. (Monetary Instances)
• How Prediction Markets Polymarket and Kalshi Are Gamifying Fact: Prediction markets promised to be the way forward for info discovery. As an alternative they’re turning into one other type of leisure playing with a veneer of mental respectability. Two corporations are pioneering a brand new method of predicting the longer term. Critics name it unregulated playing. (Bloomberg free) see additionally The economics of the Kalshi prediction market: A deep dive into how prediction markets truly work — the mechanics of worth discovery, liquidity, and whether or not these platforms are producing helpful info or simply noise. (VoxEU / CEPR)
• What the Rich Need in Their Non-public Jets: At a time when the ultrarich are prioritizing privateness, inside designers are making yachts and personal planes really feel extra like flats than transportation, customizing personal plane with options that make top quality look quaint. A glance contained in the arms race of airborne luxurious. (Wall Avenue Journal)
• Justice Division withheld and eliminated some Epstein information associated to Trump: An NPR investigation finds the DOJ has eliminated or withheld Epstein information linked to the president. The quilt-up is turning into the story. (NPR)
• Methods to discuss wine like a traditional particular person: Wine language is absurd — filled with geological jargon, French loanwords, and descriptions that make no earthly sense. Right here’s methods to navigate it with out sounding like a sommelier or a idiot. (Washington Put up)
• Rose Byrne Can, and Does, Do It All: An Oscar nominee for a film wherein every little thing crashes down on her (actually), Byrne is shifting gears with the Broadway comedy “Fallen Angels.” (New York Instances)
Remember to try our Masters in Enterprise interview this weekend with Hilary Allen, Professor of Regulation on the American College Washington School of Regulation. She focuses on monetary regulation, banking legislation, securities regulation, and know-how legislation, with a selected give attention to how new monetary applied sciences like fintech, crypto, and AI intersect with monetary stability and public coverage.
“Institutional traders” — landlords who personal 1000+ housing models — are a tiny sliver of single-family properties
Supply: The Bulwark
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