The Basis Point

In Higher For Longer inflation war, how does Fed chief Jay Powell stay so calm?

Fed has hiked rates 5.25% at 11 of 13 meetings since March 2022. How long is this Higher For Longer phase?

SoFi and Figure founder Mike Cagney on fintech bank charters and whether blockchain is viable

CPI inflation 3.7% as of Aug 2023, and 4.4% if you exclude food and gas. Here’s all of it in 1 chart

Almost half of homebuyers under 30 got help from family money

A third of people quit jobs when promoted. Is it better to just give raises?

Apple pays $5m for Michael Lewis ‘Going Infinite’ book (due Oct 3) on Sam Bankman-Fried crypto grift

Do No-Work Fridays Result In Less Quitting Or More Firing?

The low- to no-work Friday feels more like a seasonal slacking story than a trend. And quiet quitting plays for social media climbers but hobbles corporate climbers.

Robots don’t remodel kitchens. That’s why 95% of contractors don’t sweat AI taking jobs. Are they right?

Cash out mortgages half of last year even with home equity near peak

Will rich people allow AI to record their conversations with financial advisors? Morgan Stanley thinks so.

How $2.2 Billion Barbenheimer Movie Haul Relates To Mortgage Biz

Goldman’s consumer vision required it to be both liked by regular people and feared by Wall Street. Now it’s neither.

0% student loan rates since March 2020 rise to 3-7% today — what now for borrowers?

‘Grift Shift’ is my favorite new phrase for investors moving from crypto to AI