How might a U.S. fiscal crisis unfold? Capital Economics charts the path

The Golden State’s perpetual morass when it comes to quick development has been generating all the wrong kinds of headlines. In addition to the growing issues with housing production and affordability, it seems like any megaproject or big idea envisioned for California sinks due to red tape and regulations.  The state’s perpetually delayed high-speed rail…

Cybersecurity specialist CrowdStrike (CRWD +0.51%) has had an amazing 2026. Its shares were already up 61.4% year-to-date before its latest earnings report on Aug. 26, which I predicted would send the stock soaring. I was right: the company’s shares are now up 78.2% for the year to $211.92 per share as of this writing. And…

Bitcoin prices (BTCUSD) have been dipping below $74,000 this week after giving back the gains from the US midterm elections. Hotter-than-expected US inflation data has raised expectations of a Federal Reserve (Fed) rate hike in the December FOMC meeting, while uncertainty over US crypto rules and outflows from spot bitcoin funds have added pressure. Bitcoin…

Internal Revenue Service federal building Washington DC USA Private schools issuing tax-exempt bonds since September are navigating complex new disclosure questions prompted by a Trump administration proposal to revoke tax-exempt status from institutions promoting diversity, equity, and inclusion initiatives. Processing Content For attorneys tasked with crafting the bond disclosure, the question is how to accurately…

Families are facing a major shake-up to the inheritance tax regime from April 2027 when unused pensions will form part of estates for inheritance tax (IHT) purposes. Historically, many pension pots have fallen outside the IHT net, making them a useful vehicle to transfer wealth through generations. But under new rules, announced in the 2024…