Micron’s stock sinks toward worst monthly drop in 11 years as China fears escalate

Over the July 4th weekend, the Honorable William Reynolds Archer Jr. passed away at the age of 98. Mr. Archer served in the Texas House of Representatives from 1967 to 1971 and the US House of Representatives from 1971 to 2001, including as Chairman of the House Ways and Means CommitteeThe Committee on Ways and Means, more commonly referred…

We thank Lori Beaman, Federico Bugni, Ivan Canay, Joel Horowitz, and participants at Northwestern University Development Lunch for insightful comments. We thank Ejin Kim, Caleb Kwon, and Harneet Singh for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic…

We rely on experts for a lot of our information. By “expert,” I mean someone who is paid for their opinion. Roger Koppl uses this definition in his 2018 book Expert Failure, and I use the same definition in my research, which is based on his book. This definition is useful because it allows us…

Buyers of complex goods and services often rely on the advice of expert intermediaries who are themselves imperfectly informed about the quality of the available options. How well do these intermediaries learn about that quality and act on it? We study this question in the setting of referrals from primary care physicians (PCPs) to specialists,…

Thursday, June 5, 2025 U.S. Army’s Efforts to Modernize Artillery, Missiles for a New Era of Warfare The U.S. Army is shifting its focus from counterinsurgency-style warfare to large scale combat operations. And with this shift comes an urgent need for artillery and missile systems that are more mobile, durable and more lethal than what…

Rising Treasury yields show how “enormously worried” the market is about inflation — and whether the Fed will back up its tough talk with action