The $40 trillion in your mortgage
Washington borrowed its way past a round number this week, and the bill arrived in European bond markets. Plus: what one quarter of AI spending actually costs a shareholder.
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Who is actually paying for the AI boom?
The Brontë sisters owned railway shares. So did Charles Darwin and the novelist William Thackeray, according to the historians William Quinn and John Turner. By one estimate, about a quarter of all members of Parliament did too. In the mid-1840s, half of respectable Britain was betting on the new
The wealth record Europe missed
A $50 billion listing with $140 million in sales, a new investment account in Spain, and why long bonds had a bad September.
Financial Life Simulator: Live 18 to the End in 30 Minutes
I built a free game that lets you live a whole financial life, 18 to the end, in about half an hour - then replays it with one decision changed.
Most stocks lose to cash
An index that fired Volkswagen, a €5 fee aimed at your Temu basket, and a job market that's easy to keep and hard to enter - plus what £10 billion buys in a bank app.