Analysis & Explainers
Longer reads on stocks, crypto and markets - the context behind the headlines.
Visa vs Mastercard: The Structural Differences in Their Business Models
A comparison of how Visa and Mastercard each generate revenue, their different exposures to cross-border flows, and their strategies for the rise of account-to-account payments.
Stablecoins: Three Designs and How Each One Can Break
A clear guide to the three stablecoin models and the specific failure modes that have caused historical de-pegs.
MarketsHow to Read a Cash Flow Statement: A Step-by-Step Guide
A step-by-step guide to reading a cash flow statement, including understanding the three sections, free cash flow, and red flags for aggressive accounting.
EconomyHow the Fed Sets Interest Rates: The Machinery Behind the Decision
A look inside the Federal Reserve's toolkit for setting the federal funds rate and influencing the broader economy.
What the 10-Year Treasury Yield Tells You About the Economy
An explainer on the 10-year Treasury note, its yield, and the chain from government debt markets to your finances.