Matt Phillips
Posts
Why Manheim Index is Wall St.'s Leading Inflation Indicator
The Manheim Used Vehicle Value Index, an obscure tracker of wholesale used-car prices, has become closely watched by the finance world’s high rollers.
Former employer of ‘Roaring Kitty’ fined $4 million over his role in pumping up GameStop.
The employee, Keith Gill, was also carrying out trades on behalf of three other people not affiliated with MassMutual, according to the settlement.
Climate Change Calls for Backup Power, and One Company Cashes In
Generac, a Wisconsin-based manufacturer that dominates the market for standby home generators, is an unlikely Wall Street darling.
Stocks Shake Off Bad News to Rally for Seventh Straight Month
With expectations that interest rates will stay down and government spending will stay up, the stock market has learned to live with the pandemic, even...
The S.E.C. head is considering banning a key way Robinhood makes money.
Gary Gensler, the chair of the Securities and Exchange Commission, called payment for order flow “an inherent conflict of interest.”
Banks Are Bingeing on Bonds, but Not Because They Want To
Banks are awash in deposits, and their customers are taking out fewer loans. So they have little choice but to buy up government debt, even...
God, Money, YOLO: How Cathie Wood Found Her Flock
Ms. Wood says the Holy Spirit moved her to strike out on her own after an up-and-down career in money management. But it’s her belief...
To Know How Investors Are Weighing Economic Growth, Watch This Number
The yield on the 10-year Treasury note is often a reliable indicator of how Wall Street views the prospects of economic growth — especially when...