In The Headlines Are U.S. Stocks Dangerously Overvalued? While the S&P 500 is reaching all-time highs on optimism over the newly elected administration’s economic agenda, some Wall Street strategists are increasingly worried about a widely followed valuation measure that has reached levels that preceded most of the major market crashes of [...]

In The Headlines The U.S. Emerges as an Energy Superpower For decades, America depended on the world for energy. Today, the U.S. is becoming a global supplier of oil and natural gas in its own right. This year, for the first time ever, the U.S. started turning gas from prolific shale [...]

In The Headlines Sluggish Growth Ignites Trade Restrictions Around the World President-elect Donald Trump has pledged to scrap the Trans-Pacific Partnership, renegotiate the North American Free Trade Agreement, and penalize Chinese imports when he takes office. But protectionism is already rising around the world, and global trade is slowing. Responding to [...]

In The Headlines Is China Headed for Japanese Style Economic Stagnation? China and Japan may seem to inhabit alternative economic universes. After more than two decades of stagnation, Japan is a fading global power that cannot seem to revive its fortunes no matter what unorthodox gimmicks it tries. By contrast, China’s [...]

In The Headlines Automaton and the Changing Face of American Manufacturing The loss of American manufacturing jobs has been a mainstay issue of national elections for many years. The underlying problem now, though, is not foreigners taking American jobs, but instead the fact that factories do not need as many people [...]

In The Headlines The Rationale behind the Aggressive Shift to Passive Investing The move from actively managed investments to passive index funds has been a hot topic lately. Fund flow data show that investors are voting with their feet. Some in the industry have dubbed this trend “flowmageddon.” Bill Miller, the [...]

In The Headlines Do Hedge Funds Face a Slow and Painful Death? “It’s miserable, miserable,” Howard Fischer, the 57-year-old manager of $1.1 billion Basso Capital Management says of hedge fund returns over the past few years. “If that’s the normal expectation, I don’t have a business.” Fischer’s lament and ones like [...]

In The Headlines Dairy Farmers Innovate to End the Glut of Milk Farmers in the U.S. are pouring out tens of millions of gallons of excess milk, amid a massive glut that has slashed prices and has filled warehouses with cheese. More than 43 million gallons of milk were dumped in [...]

In The Headlines Russia’s Farming Renaissance Challenges American Growers Almost 25 years after watching the Dawn of Communism collective farm where he grew up land in the dustbin of history, Andrey Burdin is helping turn Russia into something the communists never could: a grain-export powerhouse. Over the last few years, Burdin [...]

In The Headlines Adidas Uses Focus, Speed, and Celebrities to Drive a Comeback When Angelique Kerber won the U.S. Open in September to bring the women’s tennis title to Germany, she was decked out head-to-toe in gear by Adidas. NFL wide receiver DeAndre Hopkins kicked off the Houston Texans season wearing [...]