Author: David Reyes

A more subdued dialogue has been emerging somewhere between the talking heads on cable news and the constant buzz of lower Manhattan’s trading floors. It’s not in a panic. It’s not even very loud. However, it persists. Even the most obstinate optimists tend to double-check their portfolios when Warren Buffett, of all people, begins to hint that the numbers no longer add up. The Buffett Indicator, which measures the value of all US stocks relative to GDP, recently increased to 227%. That number is not informal. Buffett wrote in Fortune back in 2001 that readings close to 200% were like…

The underwater picture of Orion’s heat shield that the Navy diver took in the afternoon of April 10 has a subtly unsettling quality. With the rectangular ablative tiles arranged in that recognizable honeycomb grid, the capsule hangs there in the Pacific, suspended like a weird deep-sea creature. The discoloration is visible. The soot is visible. However, you can also see something that the Johnson Space Center engineers had been secretly hoping for since Orion left Earth: a heat shield that, despite all the odds, returned largely undamaged. It’s difficult not to interpret those pictures of the splashdown as a sort…

As is common with these Hollywood departures, the news arrived quietly on a Friday, but anyone keeping an eye on the Yellowstone universe could sense a slight shift in the ground. For three weeks. Before Dutton Ranch’s May 15 debut, that is all of the runway left, and Chad Feehan, the man behind it, has packed up and left. He won’t return if the show gets a second season, which seems less like a possibility and more like a certainty waiting in line, given the recent commotion surrounding anything bearing Taylor Sheridan’s name. What draws attention is the timing. Projects…

Almost everyone who has used a computer in the past ten years has a story about Windows updates. The laptop independently determined that 9:14 a.m. on a Tuesday was the ideal time to install a 2GB cumulative patch, which is why the presentation would not load. The flight on which a stranger across the aisle gazed helplessly at a blue progress bar. These are not dramatic tales. These are tiny cuts, the kind that quietly build up until they affect consumers’ perceptions of a product they otherwise rely on. It appears that Microsoft has finally paid attention. Aria Hanson detailed…

A showrunner abandoning a hit while it continues to draw in over five million viewers each week seems a little out of the ordinary. Andrea Newman is in that situation, and the announcement—which was verified late on April 24—does not bear the typical signs of a forced departure. No disclosures regarding differences in creativity. There are no unnamed quotes from irate cast members. Only a declaration, a successor, and a date for the conclusion are already marked on the calendar. Since the second episode of Chicago Fire debuted in October 2012, Newman has been a part of the show. Take…

The most bizarre things in the Gulf of Alaska remain silent. A small, smooth, eerily metallic-looking sphere sat fixed to a rock more than two miles below the surface, where sunlight has not recently reached for any meaningful definition. It had a single hole on one side, was about four inches wide, and had the color of a tarnished coin. Like reluctant witnesses, white sponges surrounded it. The cameras remained steady, the remotely operated vehicle that discovered it in August 2023 paused, and a room full of marine scientists on the deck of the NOAA Ship Okeanos Explorer became motionless.…

The fact that the cease-and-desist letter arrived on a Tuesday is the kind of information that is obscured by the story’s more prominent details. The Shanghai-based electric vehicle manufacturer Nio, which has been aggressively expanding into Europe over the past two years, was given until June 5 to reply. World Environment Day. That date was obviously chosen on purpose. Charge Peak, a small holding company owned by Toronto-based businessman Larry Krauss and registered in the British Virgin Islands, is the claimant. It is the owner of the remaining intellectual property of Better Place. This Israeli start-up burned through almost a…

The news coming out of Canary Wharf this month is a little unsettling. Next, the pension plan that the majority of British workers have never consciously selected but most likely contribute to, has been pouring money—roughly £30 billion, according to some accounts—into the financial sectors that regulators kindly refer to as “non-bank intermediation” and that the general public refers to as “shadow banking.” Economists and former pension ministers have responded sharply, and it’s difficult to ignore the distinct discomfort in their voices. This is not the typical complaint from Westminster. It seems more like a warning. In 2011, Nest was…

This week, the scene at the Russell & Bromley window in Covent Garden tells you most of what you need to know. There are fewer shelves. Compared to before, the lighting seems harsher. The closure is announced in an apologetic handwritten card next to the door, as though the store is ashamed of how things turned out. This is not how anyone envisioned the final chapter for a company that has discreetly dressed the feet of royalty for over a century. In January, the 1873-founded Russell & Bromley filed for administration. The result was evident by April. The name, the…

James Cleverly, the shadow housing secretary, telling the audience at a housing summit in London that he has just received an eviction notice from his own landlord, has an almost poetic quality. The man who warned about a “six-month fire sale” of rental properties for the majority of the previous year is now packing boxes. Even if you tried, you couldn’t write a better script. Nevertheless, thousands of living rooms throughout England are witnessing the same scene, which Inside Housing magazine will not cover. The landlords are selling. Tenants are in a hurry. Landlord Action’s phones are still ringing. DetailInformationLegislationRenters’…