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

Jun 14, 2026

Economy

Fiscal Dominance and 4.2% Inflation Narrow the Federal Reserve Policy Path

A structural inflation floor driven by tariffs and demographics leaves the Fed with a narrow policy window between reigniting price growth and cracking an overleveraged fiscal position.

4 min read

Jun 11, 2026

Technology

SpaceX prices stock at $135, setting valuation near $1.8 trillion

SpaceX priced shares at $135 in SEC filing, implying a valuation near $1.8 trillion before Friday's Nasdaq debut.

1 min read

Jun 11, 2026

Markets

World Bank cuts global growth forecast to 2.5% for 2026

The World Bank cut its 2026 global growth forecast to 2.5%, the weakest outlook since the pandemic began in 2019.

1 min read

Jun 11, 2026

Markets

SpaceX plans public share sale at $1.75 trillion valuation

Bankers value SpaceX at $1.75 trillion in the planned share sale, putting it among the world’s 10 most valuable companies.

1 min read

Jun 10, 2026

Economy

U.S. consumer prices rise 4.2% in May as Iran conflict lifts energy costs

U.S. consumer prices rose at a 4.2% annual rate in May, the fastest pace in three years, as Iran-related energy disruptions lifted costs.

2 min read

Jun 8, 2026

Consumer Sentiment

NY Fed survey shows 43.7% of households feel worse off than a year ago

43.7% of households said they were worse off financially than a year ago in the New York Fed survey.

1 min read

Jun 8, 2026

Economy

Factories, Restaurants and City Halls Add Workers as Hiring Widens

Employers added more than half a million jobs from March through May, a sharp shift from last year’s slowdown.

1 min read

Jun 8, 2026

Economy

Consumers see weaker finances and job prospects in NY Fed May survey

The share of households saying they are worse off financially rose to 43.7%, the highest since January 2023.

3 min read

May 29, 2026

Company Deep Dive

TSMC Grows Gross Margin to 59.9% as Fabless Chip Designers Rely on Its Nodes

TSMC leverages its neutral foundry model to turn product design risks into a manufacturing annuity, yielding a 59.9% gross margin in 2025.

5 min read

May 28, 2026

Sector Transformation

Federal drug pricing policies force GLP-1 margin compression and volume dependency

Federal price caps limiting GLP-1 treatments to $350 monthly force pharmaceutical companies to trade premium margins for mass-market volume.

5 min read

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