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You can feel it in the data — the economy isn’t evenly expanding. The latest Federal Reserve regional surveys show that only about 20% of the U.S. population lives in areas considered “in expansion.” That’s near the lowest level outside a recession. Most of America,… More >>

There’s an old saying in markets: “In the long run, stock prices follow earnings.” That’s as true today as it was a century ago — maybe even more so. After another strong start to earnings season, the data remind us that corporate America’s profit engine remains… More >>

Investing isn’t just for the wealthy anymore — and that’s a good thing. For decades, ownership in America—of homes, businesses, and stocks—was concentrated in the hands of a few. But that’s changing, at least as far as stocks are concerned. The past five years have marked… More >>

Earnings season was supposed to be simple: margins near record highs, analysts expecting another solid quarter, and the Federal Reserve setting the stage for an easier policy path. But just as corporate America started polishing its prepared remarks, a familiar risk… More >>