The Latest from

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  September 21, 2026

  The rate hike the bond market was waiting for

  

  On Wednesday last week, the Federal Open Market Committee unanimously voted to raise its benchmark interest rate by 0.25 percentage points, bringing the federal-funds target range to 3.75% to 4%, marking the Fed’s first rate hike since July 2023.

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  September 14, 2026

  Wholesale is still a durable business model

  

  Successful businesses often turn simple ideas into durable competitive advantages. The strongest models are not always the most innovative, but those that create an economic structure competitors struggle to replicate. In today's FA Alpha Daily, we examine the retail strategy behind some of the industry's most successful businesses.

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  August 31, 2026

  The AI infrastructure cycle still has room to grow

  

  ASML (ASML) plays a critical role in the semiconductor industry, making its business an important indicator for the broader technology cycle. Recent developments at the company are raising new questions about the strength and direction of demand. In today’s FA Alpha Daily, we explore what ASML’s latest moves could signal for the market.

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  August 24, 2026

  Energy is American reindustrialization’s biggest bottleneck

  

  America’s industrial revival is gaining traction as businesses respond to changing economic and investment trends. As this momentum builds, new constraints could influence how far the recovery can go. In today’s FA Alpha Daily, we examine what investors should watch as U.S. industry continues to expand.

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  August 17, 2026

  Dealmaking continues to pick up amid market concerns

  

  In January, financial-infrastructure giant Global Payments (GPN) closed one of the biggest fintech deals in years. The company bought payment processor Worldpay for more than $24 billion.

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  August 10, 2026

  Big Tech’s once-positive cash flows are turning negative

  

  Alphabet (GOOGL) had spent its entire life as a public company producing positive free cash flow.

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  August 3, 2026

  One of AI’s biggest hedge funds suddenly collapsed

  

  For many, the word brings to mind glossy brochures, catchy one-liners, or flashy ad campaigns. Said another way, a field and activity that’s tied to consumer brands or big companies.

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  July 27, 2026

  There’s a case to be made for flat interest rates

  

  Inflation accelerated earlier this year after the U.S. began a war with Iran, and that revived concerns that the Fed may have to hike rates.

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  July 20, 2026

  Traders are changing their tune on interest rates

  

  Kevin Warsh began his tenure as Federal Reserve chairman with investors expecting a hard line on interest rates. And that’s the reason why President Donald Trump nominated him in the first place.

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  July 13, 2026

  Computing capacity isn’t the only thing hyperscalers have to prioritize

  

  Copywriter

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  July 6, 2026

  Corporate America is buying new machines

  

  Corporate America spent years getting the most out of old machines.

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  June 29, 2026

  Decoding Warsh’s first FOMC

  

  Kevin Warsh took over as Chair of the Federal Reserve late last month.

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  June 22, 2026

  There’s a downside to today’s “IPO mania”

  

  A surge in public offerings is giving investors access to some of the world's most sought-after companies for the first time. While this wave of new listings has fueled excitement across the market, it is also raising questions about how a growing supply of shares could influence investor demand. In today's FA Alpha Daily, we discuss the forces behind today's IPO boom and what it could mean for investors going forward.

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  June 15, 2026

  SpaceX’s public debut just broke the IPO mold

  

  SpaceX’s public debut was anything but typical.

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  June 8, 2026

  Corporate America is borrowing again

  

  For the past few years, a missing puzzle piece has kept our market outlook mixed. We were cautious as banks tightened lending standards back in 2023. At the same time, the market kept climbing, raising valuations and sentiment.

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  June 1, 2026

  This endowment is facing a cash squeeze

  

  The U.S. has continued—and continues—to navigate a complex geopolitical and military landscape in recent years.

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  May 18, 2026

  The workaround for AI’s “energy problem”

  

  Nathan Ough's $500 billion promise came wrapped in red tape.

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  May 11, 2026

  America’s debt debate is intensifying yet again

  

  A recent Bloomberg Opinion piece warned that U.S. policymakers are pulling the country toward a fiscal black hole. The report behind that warning—a new Brookings Institution chartbook—gives the bears plenty to work with.

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  May 4, 2026

  Private equity’s “exit” door is getting jammed

  

  Private equity (“PE”) funds are built with an expiration date in mind.

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  April 27, 2026

  Consumers aren’t out of the woods yet

  

  Last week, Allbirds (BIRD), the shoemaker that built its brand equity on sustainability and eco-friendliness, saw its stock rise by as much as 500% after announcing its pivot to a GPU as a Service and AI-focused cloud solutions company

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