The U.S. and China are climate frenemies—and maybe that’s OK

Do government deficits matter?

Good morning. Do government deficits matter? That’s a debate that goes back as far as Thomas Jefferson, and also has haunted a good part of my career. I covered the supply siders who said tax cuts would pay for themselves, and Bob Dole, when he cleaned up the mess that resulted. I was there when George […]

Even the October markets rally Reveals no signs of cooling

That is the internet edition of this Bull Sheet,” Fortune’s no-BS daily newsletter about the markets.  Subscribe to get it from your inbox . The worldwide economies continue to rally because U.S. stocks have but recovered in the September swoon. The S&P 500 completed higher at 3446.83 on Thursday, in accord with its own Sept. […]

From Bitcoin to Asian tech stocks, these are the biggest winners and losers of the 2020 global markets

That kink in your neck? It might be from watching your portfolio this year whipsaw from precipitous lows to glorious highs in what seemed like a blink. But who could complain? In December, investors drove up stocks to a series of fresh all-time highs on all three major U.S. exchanges. The Dow Jones Industrial Average […]