Adam Schwartz

Adam Schwartz is a staff writer at P&L, covering markets, economic policy, and the financial system. He previously worked in credit research, analyzing corporate debt, rate cycles, and balance-sheet risk.

Latest

Aug 11, 2026

Markets

US Treasury Buys Yen in First Such Intervention in Decades

Washington bought yen for the first time in decades, with the New York Fed selling euros for yen after Japan moved first — a rare joint defense of a currency near multi-decade lows

1 min read

Aug 11, 2026

Markets

The 30-Year Treasury Yield Just Hit 5.27%, a 2007 High

The 30-year Treasury yield hit 5.27%, the highest since 2007, as bond markets tightened financial conditions the Fed declined to touch

1 min read

Jul 24, 2026

Economy

Fed hike odds hit 38% as oil tops $100 a barrel

The FedWatch reading jumped from 12% a week earlier, though most economists polled by FactSet still expect a hold.

1 min read

Jul 24, 2026

Markets

Magnificent Seven loses nearly $800 billion in one day on AI spending

Tesla plunged 14.52% on weak profits, its worst earnings-reaction day on record, and Alphabet fell 7.1%.

1 min read

Jul 24, 2026

Markets

Intel falls 6.5% and drags chip stocks to a losing week

Sandisk sank almost 11% and Micron lost 6%, even as Intel's second-quarter results beat Wall Street estimates.

1 min read

Jul 24, 2026

Economy

Fed hike odds jump to 38% ahead of Wednesday's decision

Three Fed officials warned in recent speeches that rates may need to rise if inflation doesn't cool from its 3.7% pace.

1 min read

Jul 24, 2026

Markets

Alphabet and Tesla shed about $500 billion on AI spending worries

The S&P 500 fell 1.2% and the Nasdaq 2.2%, their worst one-day drops since June 23, as investors questioned AI returns.

1 min read

Jul 24, 2026

Markets

Nasdaq drops 2.1% as AI spending and $100 oil hit stocks

Brent crude gained 7% to settle at $100.69, and the 10-year Treasury yield pushed past 4.7%, its highest since January 2025.

1 min read

Jun 29, 2026

Company Deep Dive

Alphabet trades near-term free cash flow for long-term dominance in computational utility

Alphabet is shifting from an asset-light ad distributor to a high-capex, vertically integrated provider of synthesized AI intelligence, trading near-term free cash flow for computational utility dominance.

34 min read

Jun 29, 2026

Company Deep Dive

Alphabet shifts from ad distributor to high‑capex AI infrastructure with custom TPUs

Custom TPUs let Alphabet absorb AI inference costs and undercut competitors who pay a hardware tax to third-party vendors, creating a supply-side moat.

34 min read

Load more