If you haven't already.

Pennies cost more to make than they are physically worth. The downside to ending them? It is possible that more products like groceries will be priced in 5 cent increments, and retailers will round up, which could end up costing us all more. We'l have to wait and see.

Typo. 1932, not 1930!.

Sources: Lords of Finance, p 363; “Victory in Maine predicted by Fess,” New York Times, August 27, 1930; “Labor Commissioner Stewart Quits Post,” New York Times, July 3, 1932.

In 1930, Ethelbert Stewart — Commissioner of Labor Statistics "widely recognized as the foremost analyst of labor conditions in the United States" — was "retired" by President Hoover. His offense? Challenging the administration’s false claims about employment. History rhymes.

RT @dealbook: In today’s DealBook: @andrewrsorkin scoops OpenAI’s $8.3 billion funding round; breaking down Trump’s tariff barrage; @m_dela….

Context: MSFT said today that it would spend $120 billion on capital expenditures on AI, up from $80 billion. 🤯.

Back is January, Microsoft’s CEO Satya Nadella told me: "All I know is, I'm good for my $80 billion.". Well, he just upped the ante this afternoon. He is now “good for” $120 billion.

My note from today's @dealbook. please let me know your thoughts.

RT @bostonbookfest: BBF proudly presents An Evening with Andrew Ross Sorkin. The bestselling author and journalist joins us to discuss his….

On June 12, 1934, FDR signed the Reciprocal Trade Agreements Act—a radical change in how America did business with the world. It delegated trade authority from Congress to the president, enabling faster, bilateral deals. It was a pivot from the wreckage of Smoot–Hawley —

The Billy Joel doc on @HBO really got to me. It peeled back layers I didn’t expect—his longing, his restlessness, his search. And the search we’re all on.

On July 23, 1965, President Lyndon Johnson ended the use of real silver in dimes and quarters. Overnight, our pocket change was no longer precious. Why? To fight silver shortages. To battle inflation. That small shift—90% silver to copper-nickel “clad”—was a massive moment.

On this day—July 22, 1937—the Senate rejected FDR’s “court‑packing” plan (70–22), protecting what was described then as “judicial independence” in the face of political pressure. FDR proposed to expand the Supreme Court and shift its ideological balance. An image of the court

RT @The_AI_Investor: If you still don't get Nvidia and the AI opportunity, watch this 10 times. This was from January 2024, and it's bec….

What do you think?.

This is what I wrote in today’s @dealbook about the kiss-cam video: “The moment seems to encapsulate the pervasive schadenfreude within our culture, especially our office culture, and a deep-seated animosity toward bosses and colleagues. It highlights a zero-sum mentality in.

In 1965, LBJ physically shoved Fed Chair William McChesney Martin against a wall at his Texas ranch to demand lower rates. Trump is now publicly threatening Powell’s job over rates. The stage changes, but the tension between politics and the Fed remains timeless.