Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter, fringe political philosophy and taking big risks. She is also one of the supporting players in Sam Bankman-Fried's FTX catastrophe.

Another financial innovation hits a reality wall

Latin for the machine in reverse, contra machina, sums up our current dilemma. Wake up, we believe its contra machina, the machine is running in reverse and it’s not a pretty picture for risk assets.

The monthly payment required to buy a home has risen by about 50% since September.

William Barr made his name serving as attorney general for two presidents, George H. W. Bush and Donald J. Trump. But he made his fortune out of office, collecting more than $50 million in compensation as an executive and director for some of America’s largest companies.