Turkey Liquidated Almost All US Treasury Holdings in March

Turkey offloaded almost all of its US Treasuries in March as it stepped up efforts to defend the lira amid intense economic pressure from soaring energy costs. The amount of Treasuries held by Turkey fell to $1.8 billion by the end of March, down from $16 billion the...

Nvidia Tells Skeptical Investors AI Is Ready to Go Mainstream

Nvidia Corp., facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant data center operators that have fueled its runaway growth. Though spending has continued to surge from...

Repeat After Me, Stocks Are Not an Effective Inflation Hedge

Surveys indicate that investors are piling into stocks even as they see rising inflation. That’s likely to backfire as equities aren’t the hedge against price growth they are often taken to be. It’s time to pay much more attention to real quantities again. Inflation...

Bitcoin Grows More Dependent on Saylor’s Buying Machine

For most of its history, Bitcoin’s price was driven by a sprawling cast of buyers: idealists, speculators, early adopters, and, more recently, institutional investors looking for a new portfolio hedge. Demand was fragmented and hard to predict. In 2026, it is neither....

Surf Air, SpaceX, xAI Staffers Line Up SPAC for Space Assets

A group of aviation and telecommunication experts, including former staffers from Surf Air Mobility, xAI, and SpaceX, are forming a blank check company that will seek to take a space company public, as Wall Street chases the industry. Futurecorp Space Acquisition 1 is...

PepsiCo to Raise Prices on Small Chip Bags Over Higher US Costs

PepsiCo Inc. is preparing to raise prices on some of its smaller bags of chips, according to people familiar with the matter, even after reining in the cost of its larger packages in response to consumer pushback. In the coming weeks, the soda and snacks maker plans...

Vanguard Favors Treasuries as 10-Year Yields Near Range Top

Vanguard Group Inc., one of the world’s largest money managers, is sticking with its bet on US Treasuries, saying yields in the $31 trillion market are near the top of its expected range for 10-year notes. “In US rates, we maintain a long duration bias with yields...