The article argues that market prices are inherently transitory and primarily influenced by technological advances and globalization rather than Federal Reserve policies. It uses the example of the decline in telephone booth costs to illustrate how innovation drives price changes, often lowering costs in one area while increasing them in others due to wealth shifts. The piece defends the Fed's stance on 'transitory inflation' after the COVID-19 lockdowns, stating that blaming the Fed for inflation ignores the complex global economic factors beyond its control. It concludes that the Fed cannot quickly fix price shifts caused by global cooperation, new technologies, or supply chain disruptions, and that expecting otherwise is unrealistic.
Micron Technology is expected to see a modest stock price increase of about 1.4% by September 1, 2026, reaching an average price of $980. This forecast is based on a machine learning model combining multiple AI tools and technical indicators. The com...
Michael Saylor reaffirmed his view of Bitcoin as digital economic energy that can be securely controlled by individuals, companies, or governments. Strategy, the company he leads, holds 840,447 Bitcoin, about 4% of the total supply, valued at $64.86 ...
Solana's real-world asset (RWA) ecosystem surpassed $4 billion in total value for the first time in August 2026, nearly tripling from $1.4 billion in January. This growth was steady, with $263 million in net inflows over 30 days, contrasting Ethereum...
Solana has reduced its slot time from 400 milliseconds to 350 milliseconds as part of a planned four-step upgrade aiming to reach 200 milliseconds. This update speeds up block production without increasing network capacity, shortening the duration of...
Amazon's stock is considered reasonably priced with a 24/7 Wall St. price target of $343.50, implying a 32.8% upside from the current $259.39. This optimism is driven by AWS's fastest growth in 18 quarters at 36.7%, and CEO Andy Jassy's vision of AWS...
