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WALL STREET

Paul Ryan

The Private Ryan

In remarks at a private gathering in Wyoming, the former House speaker offered his most unvarnished commentary yet on America’s looming fiscal crisis, his beef with Trump’s tariffs, and how to get the country back on track. By the end, the audience was even joking that he should take another run at the White House.
William D. Cohan • September 7, 2025
William D. Cohan • September 3, 2025
Tricky Don
Niall Ferguson
Even in remote Wyoming, at a private gathering of august business leaders, academics, and political wisemen, Trump was inescapable. Yet as Niall Ferguson argued, the president’s shocks to the rules-based global order are merely… Nixonian.
William D. Cohan • August 24, 2025
Nothing but a Jay Thing
Jerome Powell
As hiring slows and inflation picks up, all of Wall Street’s hopes appear fixed on Jerome Powell, the sphinx-like Fed chairman, whose cryptic pronouncements could determine the fate of this bull market—and, increasingly, the president’s bond portfolio, too.
Jerome Powell
William D. Cohan • August 20, 2025
Jackson Hole Lotta Love
As Wall Street waits with bated breath for Jay Powell’s latest interest rate smoke signals to emerge this Friday at the annual Wyoming confab, we may be missing the larger story about mispriced risk in the economy.
Aravind Srinivas
William D. Cohan • August 17, 2025
Perplexity’s $34.5 Billion Hail Mary
There are plenty of reasons to be… perplexed by Aravind Srinivas’s unsolicited, all-cash offer for Google Chrome, which is definitely not for sale. But M&A lore is filled with examples of minnows attempting to swallow whales whole—and sometimes they’ve succeeded.
donald trump
William D. Cohan • August 13, 2025
Wall Street Braces for C.E.O. Trump
The latest shots fired against JPM, BofA, and especially the zinger aimed at David Solomon, have sent a chill up many a spine in finance. When will Trump come for Wall Street as he has for universities and law firms?
David Ellison
William D. Cohan • August 10, 2025
Ellison’s Long Deleveraged Recap Journey Into Night
News and notes on the viability of David Ellison and Gerry Cardinale’s Paramount promises, plus Zaz’s stock conundrum.
James jim Chanos
William D. Cohan • August 6, 2025
Jim Chanos in the Metaverse
The storied short seller has recently been focused on Bitcoin and MicroStrategy, but he’s increasingly turning his attention to the hyperscalers—the tech companies currently spending hundreds of billions on A.I. infrastructure. And though he isn’t shorting Meta, he told me from the yacht that he had some concerns about its lofty valuation.
Jim Grant
William D. Cohan • August 3, 2025
Saks’ Gunpoint Consensus
The latest Wall Street scholarship on Saks Global—from the heralded ‘Grant’s Interest Rate Observer’ to ‘Pari Passu’ to ‘Covenant Review’—offers a tragic and epic narrative of decadence and “consensus at gunpoint.”
David Solomon
William D. Cohan • July 30, 2025
Han Solomon
The Trump administration is practically tempting the Wall Street behemoths to revisit the golden days of pre-crisis big-bank mergers. Will David Solomon bite?
Pam Bondi
William D. Cohan • July 27, 2025
The Epstein Files Backdoor
While Republicans have fled Washington for the summer in the hopes that the Epstein scandal goes away, attorney Dan Novack’s FOIA battle with the F.B.I. has been wending its way through the courts. This fall, we may finally get some answers.
Dan Yergin
William D. Cohan • July 23, 2025
The World According to Yergin
Welcome to the fourth annual State of the Energy Markets conversation with my friend Dan Yergin, Pulitzer Prize–winning author and vice chairman of S&P Global.
David Solomon
William D. Cohan • July 20, 2025
The New Goldman Age
David Solomon has Goldman Sachs operating as effectively as ever—returning billions to shareholders and prepared to take advantage of the regulatory environment to capitalize on a fertile M&A landscape.
James Chanos
William D. Cohan • July 16, 2025
The Chanos Big Short
Michael Saylor’s Bitcoin repository, now known as Strategy, is enjoying a 2x premium on its BTC holdings. Is this legit, or simply erogeny for Bitcoin maximalists? The legendary short Jim Chanos has another idea…
Marc Metrick Saks
William D. Cohan • July 13, 2025
Make-Up Saks
News and notes on the latest creditor-on-creditor violence taking place at Marc Metrick’s debt-stacked baby, Saks Global—including a new twist in the form of a potential big short.
david zaslav
William D. Cohan • July 9, 2025
Zaz’s $6 Billion Debt Dowry & A Hedge Fund’s Happy Ending
As Warner Bros. Discovery prepares to split in two, Wall Street is salivating over the financial alchemy underpinning the company’s plans to pay down, and divvy up, its outstanding debts—with something like $20 billion or so staying with the cable TV group, and the remaining $6 billion following Zaz on his new Studios & Streaming journey.
Marc Metrick
William D. Cohan • July 2, 2025
Everything You Wanted to Know About Saks…
…But were too afraid to ask. Yes, we’ve reached the creditor-on-creditor violence stage of this financial soap opera.
Zohran Mamdani
William D. Cohan • June 25, 2025
How Wall Street Stopped Worrying and Learned to Love the Bomb
In an informal survey of the lords of high finance, executives praised Trump’s strike on Iran, admitted to getting a little verklempt over Israel, and said they won’t worry about the market until there are American boots on the ground. It’s the New York mayor’s race that keeps them up at night.