Analysis
Data Centers Now Drive 40% Of PJM's Record Capacity Costs
The grid operator's latest auctions show artificial-intelligence buildout reshaping how much households and businesses pay for electricity, with utilities…
Analysis: What the Numbers Mean
Extended pieces following one change, a tariff or a shortage or a rate move, from origin to the company margin and consumer price it reaches.
Analysis
Why Does Treasury Market Liquidity Keep Regulators Awake at Night?
The world's benchmark market now trades like a crowded corridor, and three episodes since 2019 explain the supervision schedule that followed.
Analysis
Are Airline Loyalty Programs Worth More Than the Airlines Themselves?
The miles liabilities on carrier balance sheets run into the tens of billions, and the co-brand card economics underneath them explain why.
Analysis
How Do You Spot a Semiconductor Cycle Peak Before the Filings Confirm It?
Chip demand runs in multi-year swings, and inventories plus lead times turn before revenue does — the 2022 bust printed the playbook.
Analysis
Why Consumer Staples Margins Keep Surviving Inflation Cycles
Packaged-food and household brands passed through the 2021–2023 cost shock with margins intact, and the filings show the machinery that did it.