Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes

The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.

The Debt Problem Is Enormous, and the System for Fixing It Is Broken

Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.

Corporate America Has Dodged the Damage of High Rates. For Now.

Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.