Felix Salmon

In this week’s newsletter: More companies get into financial literacy philanthropy; crypto regulation; the USDC carry trade; China’s flex on Macau; and much more.

In this week’s newsletter: How crypto can’t resist the lure of regulatory arbitrage; corporate fraud; women’s degrees; El Salvador; rising credit scores; and much more. All in 1,469 words, a 5.5-minute read.

You’ll have to scroll past a very famous and very scary chart before you reach other stories on crypto, stablecoins, lawyers, bankers, and much more.

In this week’s newsletter: The post-pandemic economy; the uselessness of economic forecasts; the rise of BNPL; how banks are failing at anti-racism; Robinhood goes meme; and much more.

In this week’s newsletter: Fast-growing giants; the return of the debt ceiling; why Europe leads in sustainable investing; the CFA exam pass rate; plentiful jobs; and much more.

In this week’s newsletter: The impact of ESG investing; Hong Kong’s status as a financial center; the future of trading shares in private companies; the Texas two-step; and much more. 

In this week’s newsletter: Inflation, moats, deer, concrete, NFTs, and much more. 

In this week’s newsletter, I focus mainly on China and fintech, but I do find space for a fabulous junk-bond chart.

Also in this week’s newsletter: Why America’s so weak on antitrust; more Robinhood revelations; Duolingo files for an IPO; booming stocks; and much more. All in 1,671 words, a 6-minute read.

In this week’s newsletter: Lina Khan vs. big tech; a new future for Fannie and Freddie; the small-business boom; the failure of COVAX; and much more. It’s 1,755 words, a 6.5-minute read.

Welcome to a special edition of Axios Capital, where the whole newsletter is devoted to a single subject.

In this week’s newsletter: Unemployment-claim crime, stablecoins, digital currencies, and NFTs. Also: Housing costs, Chinese EVs, and much more. 

In this week’s newsletter: The differing meanings of inflation, the financial importance of a good story, AMC (of course), unreliable financial advisers, crypto investors, the Libor mess, used-clothes unicorns, and much more. 

In this week’s newsletter, I look at the power of shareholders, focusing on energy and media. It’s bigger than you think — except, of course, at Amazon.

In this week’s newsletter: Making money off the YOLO investing boom; the new Coinbase pay structure; gyrating consumer prices; rich states; ethical companies; ransomware; and much more. All in 1,756 words, a 6.5-minute read.

In this week’s newsletter: Recovering from chaos; the Robinhood debate; the death of Nuzzel; the question marks over the Gates Foundation; Peloton’s woes; David Swensen; and much more. All in 1,844 words, a 7-minute read.

In this week’s newsletter: What to make of the Super League fiasco; how green finance went mainstream; how banks aren’t lending, or hiring senior Black executives; the hottest experiential artist; excessive executive pay; and much more.

In this week’s newsletter: Coinbase, dogecoin, Tiger, Madoff, housing, renting, and much more. 

In this week’s newsletter: Active trading, corporate taxes, stupidly expensive art, pandemic rebounds, fintech outperformance, and a mea culpa. 

In this week’s newsletter: Archegos, Greensill, Miley Cyrus, Morphosis, Alan Turing, Harriet Tubman, infrastructure, secret loans, NFTs, and much more. 

The fever still rages — but never has it been more certain that by this time next year, and probably much earlier, the delirium will have broken.

In this week’s newsletter, I look at the differences between how the U.S. and Europe are approaching the current coronavirus wave; the weirdness that is the current stock market; Visa’s status as a monopoly; the sale of Supreme; podcast wars; and much more.

A GDP report for the ages; how dual interest rates can save the world; Africa’s funding gap; PetSmart loses Chewy; Google’s app rebrand; an unusual Sotheby’s auction; and much more.

Auctions make the world better

The fideist slogan credo quia absurdum (“I believe because it is absurd”) is the best way to make sense of the Trump administration.