Stocks Sailing Smoothly Through Policy Crosscurrents So Far

Published on August 14, 2025

We have been pleasantly surprised by how well stocks have handled the sharp increase in tariffs. Since the market low from the early April tariff scare, the S&P 500 Index has gained more than 28%.

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US Department of Labor helps recover $520 million in suspected fraudulent pandemic-era unemployment insurance payments

August 14, 2025
WASHINGTON – The U.S. Department of Labor’s Office of Inspector General today announced the successful recovery of approximately $520 million in suspected fraudulent unemployment insurance payments made during the COVID-19 pandemic. These funds, which had been frozen by a financial institution, have now been returned to the state of Maryland as a result of a coordinated recovery effort involving t

ChatGPT-5 Hasn’t Fully Fixed Its Most Concerning Problem

August 14, 2025
Sam Altman has a good problem. With 700 million people using ChatGPT on a weekly basis — a number that could hit a billion before the year is out — a backlash ensued when he abruptly changed the product last week.