Good morning, readers. I'm senior reporter Phil Rosen. If you didn't see Friday, Elon Musk has named the former NBC exec Linda Yaccarino as Twitter's new CEO.
Happy Saturday, folks. I'm Phil Rosen, it's good to see you today.
As we've talked about all week, there's a looming debt-ceiling deadline right around the corner, and unless lawmakers get their act together, financial markets could soon be in for a world of pain.
Today I'm eager to share my conversation with a top personal finance and economy expert from Bankrate.
Good morning to everyone except the fast-approaching debt ceiling. Phil Rosen here.
Happy Friday eve, readers. Phil Rosen here, clocking in from NYC.
There's a lot to say about financial markets these days — the debt ceiling is a fast-approaching crisis, the banking sector has been rattled by failures, and stocks are still fighting the Fed.
The secondary impacts of these risks are less obvious. What happens in each worst-case scenario?
Commercial real estate may hold one answer.
Howdy readers. I'm Phil Rosen, writing to you from New York City.
The Oval Office is no stranger to high drama, but Tuesday's meeting held particular gravity — President Joe Biden met with House Speaker Kevin McCarthy and other congressional leaders to hash out debt-ceiling particulars.
As expected, the rendezvous produced nothing definitive as far as conclusions.
In any case, one outcome that many hold with a high degree of certainty is that financial markets are going to feel pain if the "x-date" bell tolls.
Good morning, friends. Phil Rosen here. Today we're talking housing — but before we get to that, the big thing to watch today is President Joe Biden's meeting with congressional leaders.
The cadre will look to resolve the hotly-contested debt ceiling stalemate.
Experts have cautioned that the so-called "x date" — when the country tips into a catastrophic default — could loom mere weeks away.
Welcome back, team. Phil Rosen here, reporting from New York.
While I was enjoying NBA games and "Succession" this weekend, my colleague Theron Mohamed was rubbing shoulders and shaking hands with some of the world's top investors in Omaha for Berkshire Hathaway's annual shareholder meeting.
Before we get to the news, we've got a dispatch from Theron — our in-house Warren Buffett expert — on the legendary conference.
Welcome to the weekend. Phil Rosen here, writing to you from Manhattan.
I'm somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin's been the top performing asset by a landslide — it's up more than 73%.
I caught up with a blockchain executive to get the scoop on why that rally could see more upside as the economy slows down.
Good morning to yet another day of the bank crisis. Phil Rosen here — can you believe it's been almost two months since Silicon Valley Bank collapsed?
But here we are still talking about which banks could be next to fall.
Happy Friday eve, readers. Phil Rosen here. Surprising no one, the Fed raised interest rates by 25 basis points yesterday.
That puts the Fed Funds Rate above 5% for the first time since 2007. Remember, the higher that goes, the more expensive it becomes for consumers and businesses to borrow.