THE LATEST ARTICLES
NEWSLETTERS
Richard Baker
William D. Cohan April 20, 2025
The high-stakes roll-up of iconic department store brands Saks and Neiman Marcus is now straining under the weight of its junk-bond financing. Facing spiking yields, vendor unrest, and now Trump’s trade war, Richard Baker’s bold bet is fast becoming a cautionary tale.
Christopher Ruddy
William D. Cohan April 16, 2025
When the Fox wannabe’s stock popped (and then plunged) after its I.P.O. earlier this month, the billionaires got out in time and retail investors got burned. Same as it ever was…
scott bessent donald trump
William D. Cohan April 13, 2025
The latest inside chatter on Wall Street about Trump’s tariff-induced economic hellscape.
donald trump tariffs
William D. Cohan April 9, 2025
Trump’s global tariff war has wiped out more than $5 trillion in equity-market value. But, as always, the most reliable clue about what’s heading our way is the bond market. Buckle up…


donald trump
William D. Cohan April 6, 2025
There are multiple contradictory theories making the rounds among smart investors to rationalize Trump’s trade war: forcing other nations to play fair, raising revenue to offset tax cuts, crashing the economy to refinance the debt. The one point of agreement: C.E.O.s are nervous, very nervous.
carlos watson
William D. Cohan April 2, 2025
How Carlos Watson, with help from Donald Trump and his “pardon czar,” remade himself as the victim of his own $100 million fraud.
Elon Musk
William D. Cohan March 30, 2025
News and notes on the biggest deals of the week on Wall Street, for better or worse.
Brad Karp
William D. Cohan March 26, 2025
Many senior finance executives are terrified that, once Trump finishes throwing darts at Big Law, he’ll take aim at banks and private equity firms. “If the government decides that it wants to get you, … don’t fight,” one Wall Street C.E.O. told me.


gary cohn donald trump
William D. Cohan & Peter Hamby March 23, 2025
An honest conversation about the stock market “correction,” the folly of Trump’s trade wars, the Scott Bessent security blanket, the rotation into Europe, and why Wall Street is missing Gary Cohn.
mike mayo
William D. Cohan March 19, 2025
Mike Mayo, the august Wells Fargo analyst, offers the bull case for Trump’s hard reset of the economy, strangling bureaucracy, gutting Dodd-Frank, and why he thinks the banking sector is ready to rip. Has Mike sipped the Kool-Aid, or should everyone just chill out?
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