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Jason Ma

Jason Ma

Fortune

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The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns

Bank of America reaffirmed its year-end price target of 7,100 for the S&P 500, representing a 5% drop from the week's closing level.

yesterday 1

Fortune

Jason Ma

After a nearly 800% explosion, this AI supplier is about to make its U.S. debut and could signal if the market can still boom—or is headed for a bust

Shares of South Korea's SK Hynix will list on the Nasdaq and are expected to start trading on Friday.

yesterday 0

Fortune

Jason Ma

Investment firm’s cofounder sues after being fired for neglecting the in-person work mandate he signed, saying it applies to employees not owners

“We have both junior and senior employees commuting over one hour each way to work, and yet you feel this policy doesn’t apply to you.”

yesterday 8

Fortune

Jason Ma

U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower

Hamilton recognized how debt can unlock resources that could transform the young republic. But first he had to untangle the mess created by the...

previous day 2

Fortune

Jason Ma

Russia’s fuel crisis is so bad that a mom and her baby waited in line for 18 hours to get gas — ‘Are we in the Soviet Union?’

Energy analysts have estimated that 25% or more of Russia’s oil refining capacity has been taken offline by Ukraine's drone attacks.

previous day 1

Fortune

Jason Ma

Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice

Money contributed to Trump Accounts at launch will be put in the State Street SPDR Portfolio S&P 500 ETF as an initial default investment.

previous day 1

Fortune

Jason Ma

The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis

"Not only the fact of independence but also the appearance of independence is key to the Federal Reserve’s design."

29.06.2026 2

Fortune

Jason Ma

Hyperscalers could end up resembling airlines—plagued by small margins, intense competition, and high expenses, AI skeptic warns

“In placing massive hyperscaling bets, investors are setting lavish expectations about future earnings.”

29.06.2026 3

Fortune

Jason Ma

Social Security is headed for a day of reckoning, and Congress is running out of time to save boomers. Lawmakers are proposing some hard choices

"Why should a middle-class nurse pay a larger share of her paycheck than a wealthy corporate lawyer?"

28.06.2026 2

Fortune

Jason Ma

Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz

Sources told Axios that the U.S. and Iran agreed to halt attacks and meet in Qatar on Tuesday to resolve differences over the Strait of Hormuz.

28.06.2026 4

Fortune

Jason Ma

Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire

"The collision course is set, and worse is yet to come."

28.06.2026 6

Fortune

Jason Ma

The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls

"It’s less dramatic than a palace coup, but this is what decline looks like."

27.06.2026 8

Fortune

Jason Ma

The contrarian view for Fed rate cuts: Payrolls will weaken, inflation will plunge, and Kevin Warsh was ‘largely performative’ in his hawkishness

"He had to sound hawkish to draw a clear line between himself and the White House."

27.06.2026 5

Fortune

Jason Ma

Forget the ceasefire — The U.S. and Iran are still exchanging attacks over the Strait of Hormuz as Tehran tries to shut down a competing route

The U.S. carved out an alternate path that runs along Oman's coast and said Saturday that it's been expanded to accommodate inbound and outbound...

27.06.2026 10

Fortune

Jason Ma

AI boom may be on its last legs amid stock volatility and dash for cash—but will go out in a blaze of glory with ‘blow-off phase’ before bubble pops

"This volatility is, in our view, evidence of excessive froth and calls into the question the sustainability of this rally."

26.06.2026 5

Fortune

Jason Ma

The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says

"The Fed was willing to look through the tariffs, but it is losing patience after the latest round of supply shocks."

22.06.2026 9

Fortune

Jason Ma

Why men keep dropping out of the labor force: It starts in childhood, when kids see how males around them struggle, economists say

"Our findings suggest that experience effects can turn short-run declines in labor demand into long-run declines in labor supply."

21.06.2026 40

Fortune

Jason Ma

Dow futures drop and oil jumps as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: ‘You close it and you won’t have a country’

He also said the U.S. may take over the strait, adding "I'll blow the s--t out of them. If they don't make a deal, we'll collect tolls."

21.06.2026 8

Fortune

Jason Ma

Who needs rate cuts? Even the Fed’s new chair admits companies are easily raising capital on financial markets amid epic stock and debt binge

Corporate bond issuance in the year through May totaled $1.23 trillion, up 21% from a year ago.

20.06.2026 3

Fortune

Jason Ma

Shipping companies will decide when the Strait of Hormuz is truly open—not the U.S. or Iran—and the latest deal is already sowing confusion

"Will the Iranian announcement be enough to deter them? Or will Iran need to resort to force and directly violate the MOU's terms?"

20.06.2026 4

Fortune

Jason Ma

A new trade war may be brewing. This time, Europe is taking a page from Trump’s playbook — ‘We no longer live in a world of pink ponies and rainbows’

China's goods trade surplus with the EU hit 360.6 billion euros in ​2025, up 15% from 2024. And in the first four months of this year, the gap has...

20.06.2026 5

Fortune

Jason Ma

The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year

“Our working assumption is that ~80% of energy flows will resume by the end of Q3, but a return to ‘normal’ could stretch into 2027.”

15.06.2026 10

Fortune

Jason Ma

Iran emerges from war with its economy in free fall and inflation on some food items above 400%. If the regime doesn’t fix it, ‘there will be trouble’

"But even with aid, Tehran’s ability to manage its domestic woes will remain limited, and the internal pressures will build."

15.06.2026 10

Fortune

Jason Ma

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world’s top superpower can at least punch open a hole

Hegseth said the U.S. naval blockage in Iran is "impenetrable" and 125 million barrels of oil have now exited the Gulf, "showing that we control the...

14.06.2026 8

Fortune

Jason Ma

Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but ‘the gamble does not always pay off’

"As a result, the most likely outcome is that in the 75th year, the government will end up with a big pile of debt, requiring large interest...

14.06.2026 8

Fortune

Jason Ma

Markets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and ‘I never cared about regime change’

“Deal with the Islamic Republic of Iran is now complete. Congratulations to all!"

14.06.2026 10

Fortune

Jason Ma

The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends

"The reason is that companies tend to issue when equity demand is strong, earnings momentum is healthy and investor risk appetite is elevated."

13.06.2026 10

Fortune

Jason Ma

Trump expects to sign a deal with Iran on Sunday, but Tehran may want to avoid giving him a gift on his birthday

"Seems fitting that this should serve as the endgame."

13.06.2026 10

Fortune

Jason Ma

‘It’s not a jailbreak’ — Research leading to U.S. export restrictions on top Anthropic models was for defense, cybersecurity CEO says

"It was Defense Oriented Prompting (DOP), capabilities defenders need."

13.06.2026 10

Fortune

Jason Ma

With SpaceX IPO, Elon Musk is the world’s first trillionaire — but he mostly lives in a tiny home in south Texas. ‘There is no food in the fridge’

SpaceX raised $75 billion on Thursday in the largest IPO ever after offing more than 555 million shares at $135 a piece, valuing the company at over...

12.06.2026 10

Fortune

Jason Ma

While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond

In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services...

11.06.2026 20

Fortune

Jason Ma

How retail investors can participate in the SpaceX IPO

The SpaceX IPO is expected to price Thursday evening, with shares trading Friday on the Nasdaq under the ticker SPCX.

08.06.2026 10

Fortune

Jason Ma

SpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX

"Selling flows in recent winners and levered products from retail to invest in SpaceX could be very large."

07.06.2026 9

Fortune

Jason Ma

Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos

Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own...

07.06.2026 10

Fortune

Jason Ma

Trump calls Iran war a ‘military exercise’ even as Hormuz fighting heats up and denies promising no new wars — despite repeated pledges

"First of all, I didn't guarantee no war," Trump claimed. "Why would I have built the strongest military in the world?"

07.06.2026 10

Fortune

Jason Ma

Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes

"Dario and Sam have begun to walk back their claims of massive job loss, but the damage to public trust is done, and now the chickens are coming home...

06.06.2026 10

Fortune

Jason Ma

The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’

"The attack drones posed an immediate threat to regional maritime traffic," U.S. Central Command said.

06.06.2026 10

Fortune

Jason Ma

This may be the maximum level of U.S. debt that’s sustainable before interest payments trigger a default crisis that even steep tax hikes can’t fix

"Bond markets unravel sooner when investors believe that the government will not restore fiscal sustainability."

06.06.2026 20

Fortune

Jason Ma

Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out

"The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot."

05.06.2026 10

Fortune

Jason Ma

Putin is running out of money to wage war on Ukraine, and this Russian-occupied territory is running out of fuel as Kyiv smashes supply lines

Russia is reeling as casualties reach staggering heights, recruitment of replacement troops wanes, and areas far from the frontlines come under...

05.06.2026 10

Fortune

Jason Ma

The Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies

Over the last three weeks, Central Command has guided about 70 ships in and out of the Persian Gulf.

01.06.2026 10

Fortune

Jason Ma

Financial markets are losing the security blanket that’s bailed them out of trouble so many times, top economist warns

"While the willingness to shield markets may endure, the capacity to do so is less."

31.05.2026 10

Fortune

Jason Ma

Data centers could help determine who wins the next war, and a shortage of compute would be ‘catastrophic,’ retired general says

"Nearly every function in the military depends on the ability to store, move, process, secure and exploit vast quantities of data at speed and scale."

31.05.2026 7

Fortune

Jason Ma

Wall Street may have solved a nagging mystery in global oil markets as doomsday scenarios have yet to arrive

China has quietly emerged as the global oil market's stealthy swing consumer, potentially holding off doomsday a while longer.

31.05.2026 10

Fortune

Jason Ma

After Blue Origin rocket explosion, NASA’s entire moon exploration program depends on SpaceX for now as Musk eyes blockbuster IPO soon

"Blue Origin’s inability to launch Blue Moon anytime soon is likely to put the company out of the running for Artemis III."

30.05.2026 9

Fortune

Jason Ma

Oil bosses warn prices will soar in a matter of weeks as inventories near unprecedented lows — ‘I mean really, really low levels’

"You can debate whether that’s going to hit those really low levels in two weeks or three weeks. Once you get to that point, then you’ll see price...

30.05.2026 10

Fortune

Jason Ma

Damn the torpedoes — More ships are quietly slipping through the Strait of Hormuz as helicopters scare off Iran’s fast-attack boats

To sail through the strait without being detected by Iran, many ships are turning off their Automatic Identification Systems.

30.05.2026 10

Fortune

Jason Ma

Russia warns war costs are ravaging its finances while Ukrainian ‘drone overmatch’ sends Putin’s forces reeling in new phase of combat

Economic growth is also stagnating, with GDP expected to tick up just 0.4% this year, down from a previous view for 1.3%.

29.05.2026 7

Fortune

Jason Ma

Markets rejoice as deal to reopen Hormuz nears, but U.S. forces conduct ‘self-defense strikes’ on Iranian missile sites and boats laying mines

“U.S. forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces."

25.05.2026 10

Fortune

Jason Ma

SpaceX stock is about to join this growing constellation of public companies building a space-based economy

In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services...

24.05.2026 10

Fortune

Jason Ma