Stocks return to record highs. Investors who sat tight during the recent momentum crash are being rewarded.

Few things unite homeowners more than their shared disdain for rising property taxes. It’s no surprise, then, that Florida Governor Ron DeSantis’s calls for state property taxA property tax is primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment. Property taxes…

One of the wildest months in recent memory for the U.S. stock market is ending on yet another remarkable note: A highflying hedge fund run by an AI wunderkind in his mid-20s has apparently just been carried out on a stretcher.

We thank Caroline Flammer, Shanjun Li, Johannes Strobel, Sourabh Velaga, Yian Yin, Eric Zou, and conference and seminar participants at the AEA 2026 Annual Meeting, University of Cambridge, Cornell University, LU-JNU Joint Conference for Sustainable Finance and Development in the Digital Era, McGill University and NBS-PRI-ECGI Public Lecture Series at the Nanyang Technological University for…

We thank Brian Copeland, Lucas Davis, Tatyana Deryugina, Jenya Kahn-Lang, Matthew Kotchen, Severin Borenstein, Stephanie Weber, Catherine Wolfram, and participants at the UC Berkeley Energy Camp for helpful discussions, Andrew Tang and Benji Reade Malagueno for excellent research assistance, and the Sloan Foundation through the Environmental and Energy Policy and the Economy series, the Cowles…

Image by torstensimon from Pixabay Renewable energy generation around the world grew by nearly 10%, according to new figures from the International Renewable Energy Agency, which show “the world is rallying behind electrification as a cornerstone of the energy transition”. The 2024 figures show that the increase of 9.8% in 2024 put the proportion of…