Elon Musk has called for a "universal high income" to replace traditional welfare systems, arguing that AI and automation will create abundance. However, critics note that Musk's proposal differs from universal basic income by focusing on high incomes rather than basic needs.
New data suggests bitcoin may be emerging as a leading safe haven asset, with recent performance indicating its potential role in portfolio protection during market uncertainty.
Wall Street firms are showing increasing interest in bitcoin, with multiple institutions competing to enter the cryptocurrency market. This heightened activity reflects growing institutional adoption of digital assets.
Robinhood is growing twice as fast as Charles Schwab across all major metrics, prompting traditional brokerages to adopt crypto, prediction markets, and tokenization strategies to remain competitive.
The S&P 500 has recorded three consecutive weeks with at least 3% gains, an occurrence that has only happened three times in the last 76 years. The previous two instances preceded some of the most powerful bull runs in American history, with average returns of 33% over the following 12 months.
The equity risk premium is a key component in corporate finance hurdle rates, valuation discount rates, and financial planning expected returns. A 2026 update of the author's comprehensive paper on ERP is now available for practitioners.