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70K on Sep 17, 2026 → 65K on Oct 7, 2026
Rank in Substack’s finance leaderboard: #21 today · #26 a week ago
Tracked since Sep 17, 2026 — 21 daily snapshots so far. The card below is built from what we track and refreshes nightly.
of 525 ranked finance newsletters
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Most-reacted post we have seen: AMD Just Paid $8.2 Billion for a Team That Didn't Exist Two Years Ago — 2 reactions on Sep 29, 2026.
Good evening from the coast. A reader wrote in asking for strategies to save money and bypass taxes after retirement. It’s a question I hear often, so tonight I’ll answer it with two examples from this week’s news: the coming wave of IPOs, and gold. The short answer You can’t skip taxes, but you can choose when, where, and how much you pay. Using the rules to pay less is legal and called tax avoidance. Hiding income is evasion, and it’s a crime. Three levers do most of the work: timing, location, and giving. IRS Notice: Mandatory Roth rule now in effect A major regulatory shift has quietly…
Good afternoon from the coast. Say you drive a diesel pickup or a motorhome. You saw the headline about “red diesel” and wondered whether you can use it and whether it saves you anything. Here is the plain answer. The short answer President Trump signed an order Monday that tells the IRS not to penalize highway use of red diesel through December 31. The federal tax break is worth 24.4 cents a gallon on a fuel that now costs $6.32. It adds no new fuel to the market, and your state’s rules still matter. This Gold IRA Mistake That Costs Retirees Thousands Every Year It happens more than most…
Image source: Reflection Good morning from the coast. Say you run a small hospital. You’d like an AI tool that reads patient records and drafts letters. But those records can’t leave your building, so you can’t send them to someone else’s computers. A new American AI model is aimed at people in exactly that spot. It’s called Beam, and it was announced Monday. The 60-second version Reflection AI unveiled Beam, a model companies can download and run on their own equipment. The files that make it work are due later this month. Reflection says Beam matches a Chinese rival on reasoning with 3 to 4…
Good evening from the coast. The Nobel season opened this morning, and it ends in the one announcement that has become a political event: the Peace Prize, on Friday. This issue covers the full week, the fixation at its center, and a closed-door meeting that landed the same weekend. Monday’s Prize: Medicine The Nobel Assembly at Karolinska Institutet awarded the 2026 Prize in Physiology or Medicine to Karl Deisseroth of Stanford and the Howard Hughes Medical Institute, and to Peter Hegemann and Georg Nagel of Germany. The three share 12 million Swedish kronor for optogenetics. Hegemann and…
On Friday, October 2, President Trump announced one-time payments of $90 to more than 20 million people enrolled in Medicare Part B. The White House says most recipients will see the money this month. Let me lay out what is confirmed, who qualifies, and how to think about it. What Was Announced According to the White House fact sheet, the payment is $90 per person, a single time. Trump’s own post said “nearly $100,” and the fact sheet then set the figure at $90. Plan around $90. Most recipients will get a direct deposit in early October. People without direct deposit on file will get a paper…
Good morning from the coast. Elon Musk’s net worth rose $61 billion on Friday. Forbes put it at $979.7 billion by mid-afternoon, up 6.64% from Thursday. One day, one number, and the world’s richest man sits within 2% of a trillion dollars again. A $61 billion day sounds like a miracle. It was a normal stock-market rally applied to an enormous pile of stock. What Moved the Number SpaceX (SPCX) rose 7.35% and closed at $158, its highest close since early July. Tesla (TSLA) rose 4.65% and closed at $370.59. Tesla did the heavy lifting on the news. The company reported 486,532 vehicle deliveries…
Good morning from the coast. You asked me a hard question, and it deserves a long, honest answer instead of a short, dramatic one. Four relationships are generating war headlines simultaneously: China and Taiwan, North and South Korea, Russia and NATO’s eastern flank, and the United States and Cuba. The natural assumption is that every world leader has suddenly decided war serves their interests. I spent real time checking that assumption against actual intelligence assessments, prediction markets, and expert analysis rather than headlines. The honest answer is more interesting than “everyone…
Good evening from the coast. Five weeks from the midterms, the nonpartisan forecasters who track this for a living have moved sharply in one direction. Let me walk through the math, because the House and Senate stories are genuinely different this cycle. The House: Increasingly Not Close Cook Political Report now rates 216 seats Safe, Likely, or Lean Democratic, 197 the same way for Republicans, with 22 true toss-ups left. Democrats need 218 to win the majority. Cook’s own founder, Charlie Cook, called the House a “done deal” for Democrats in a weekend interview, projecting a gain in the…
Soldiers wave to colleagues as a section of the last American military convoy to depart Iraq. Getty Images/Mario Tama The United States completed its full military withdrawal from Iraq today, ending Operation Inherent Resolve, the 12-year, 86-country coalition mission formed in 2014 to defeat ISIS. The last American troops left Erbil this week. President Trump called it a “victory” on social media. Let me walk through what’s actually confirmed here, because the speculation around this one is getting ahead of the facts. What’s Confirmed This withdrawal was negotiated in 2024 and continued…
Good morning from the coast. Axios published a warning this week: China wants to stop licensing drugs from the West and start competing directly with Big Pharma. Two days later, Novo Nordisk gave the clearest possible example of exactly how that shift happens. What Novo Just Did Novo Nordisk agreed to pay up to $2.6 billion to China’s Jiangsu Hengrui Pharmaceuticals for rights to an experimental weight-loss pill. It’s Novo’s second major GLP-1 licensing deal with a Chinese partner this year, following an earlier agreement with United Laboratories International for a drug that showed nearly 20…
Gen. Alexus G. Grynkewich, Supreme Allied Commander Europe speaks on stage during a press conference at NATO Headquarters in Brussels on May 19, 2026. (Omar Havana/Getty Images) Good evening from the coast. NATO’s Supreme Allied Commander Europe, General Alexus Grynkewich, told the European Parliament’s security committee this week that China, Russia, Iran, and North Korea are “collaborating in ways directly counter to all of our global interests.” He’s said versions of this before, in January and again in September. The message hasn’t changed. It’s gotten more urgent. Let me separate what’s…
Good morning from the coast. Reuters obtained a leaked copy of Anthropic’s IPO prospectus this week, and it’s one of the strangest documents I’ve read in this business. It reads like a hypergrowth pitch deck stitched together with a warning label. The Growth Is Real Anthropic’s revenue jumped roughly 1,088 percent in 2025, landing near $4.59 billion, up from around $387 million the year before. Twelve-fold growth in a single year is the kind of number that normally carries a company straight to a listing on its own merits. The company is reportedly targeting a valuation north of $2 trillion…
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