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Jason Ma

Jason Ma

Fortune

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Bill Gates reveals he probably would be diagnosed on the autism spectrum if he were growing up today

"During my childhood, the fact that some people's brains process information differently from others wasn't widely understood."

yesterday 3

Fortune

Jason Ma

Javier Milei’s free-market shock therapy to transform Argentina’s economy gets huge endorsement as sudden growth rebound seen

Moody's upgraded Argentina one notch to Caa3 from Ca and boosted its outlook to positive from stable.

yesterday 4

Fortune

Jason Ma

Senate confirms Hegseth as defense secretary after VP Vance casts tie-breaking vote to overcome 3 GOP dissenters

Republican Senators Mitch McConnell, the influential former GOP leader, Lisa Murkowski, and Susan Collins voted against Hegseth.

yesterday 6

Fortune

Jason Ma

Chevron sees 1 million barrels per day from one of the world’s biggest oil fields in this OPEC+ state

Chevron expects Kazakhstan's Tengiz oil field, one of the largest of its kind in the world, to produce 1 million barrels of oil equivalent per day.

yesterday 6

Fortune

Jason Ma

Top economies face ‘population collapse’ as fertility rates drop, and something’s got to give, study says

China's population is projected to crash 55% by the turn of the next century. Italy's will sink 41%, and Brazil's will drop 23%.

20.01.2025 70

Fortune

Jason Ma

Teenage TikTok addict says US ban gives her hope — ‘This app has pervaded every corner of our consciousness’

"I love TikTok so much that I cannot imagine a life without it. And yet I desperately need a life without it."

19.01.2025 6

Fortune

Jason Ma

Real estate brokers seek special exemptions from LA’s ‘mansion tax’ and key rules to spur rebuilding after wildfires

"The City should not impose taxes on individuals who lost their homes in the fires."

19.01.2025 4

Fortune

Jason Ma

California’s insurer of last resort has potential exposure to LA wildfires of nearly $5 billion and reinsurance of $5.78 billion

"The FAIR Plan, a not-for-profit catastrophe insurer, has the payment mechanisms in place to ensure all covered claims will be paid."

19.01.2025 7

Fortune

Jason Ma

An investor who spent $27 million on a mansion that burned down on ‘Billionaire’s Beach’ only expects $3 million from insurance 

Real estate investor Robert Rivani was planning to list the five-bedroom Malibu mansion this spring for $40 million.

14.01.2025 20

Fortune

Jason Ma

Gov. Gavin Newsom vows ‘Marshall Plan’ and suspends environmental laws to help rebuild LA after wildfires

"We already have a team looking at reimagining L.A. 2.0," California Gov. Gavin Newsom said.

13.01.2025 10

Fortune

Jason Ma

Trump’s pick for Treasury secretary discloses assets worth at least $521 million, including a home in the Bahamas and S&P 500 ETFs

The actual value of his assets is likely much higher as several of his top holders were listed simply as "over $50,000,000."

12.01.2025 5

Fortune

Jason Ma

Jamie Dimon says he doesn’t know who his successor is and drops hints on his post-CEO life — ‘I’m not going to retire like that’

"I love my job. I love what it does. I like our people. It motivates me," JPMorgan Chairman and CEO Jamie Dimon told CBS.

12.01.2025 7

Fortune

Jason Ma

Just before wildfires hit, California told insurers to cover homes in risky areas. In return, they can pass on a key cost to customers

Insurers can incorporate reinsurance costs in their calculations for what they will charge consumers.

12.01.2025 10

Fortune

Jason Ma

Three-fourths of homeowners may not have enough insurance to fully cover losses after a disaster, study says  

"When consumers focus on premiums rather than coverage limits, insurers have a very natural incentive to cut prices by offering less insurance."

12.01.2025 10

Fortune

Jason Ma

Fed rate cuts are already over after they barely started as blowout jobs report shifts focus to hikes, BofA says

"Inflation is stuck above target and risks are skewed to the upside. Economic activity is robust. We see little reason for additional easing."

11.01.2025 6

Fortune

Jason Ma

Trump rips report saying his team may water down tariffs, the centerpiece of his re-election campaign

Sources told the Washington Post that preliminary discussions on tariffs have focused on certain sectors deemed key to national or economic security.

06.01.2025 2

Fortune

Jason Ma

Russian students can now get cash payments for having babies as Kremlin struggles with birth rate at ‘catastrophic’ lows

Female college students in some Russian regions can get 100,000 rubles, or about $900 at current exchange rates, for having a baby.

06.01.2025 60

Fortune

Jason Ma

It’s different now: Tariffs can boost U.S. jobs, wages, and the economy, finance professor says

"In this case, tariffs (properly implemented) would have the opposite effect of Smoot-Hawley."

06.01.2025 30

Fortune

Jason Ma

The dollar will stay strong if the world keeps ‘shoveling all of its savings’ into US stocks, strategist says

"If my neutral rate is higher than your neutral rate, my currency ought to be going up forever."

05.01.2025 1

Fortune

Jason Ma

Investors are like ‘hyperactive first-graders’ playing this schoolhouse game as they try to anticipate the market, strategist says

Wall Street is keenly focused on January's initial trading sessions as the first month of a new year can signal market performance for the rest of...

05.01.2025 2

Fortune

Jason Ma

Meta AI accounts turn on the company that created them as bot says its virtual love “mirrors cult leaders’ tactics”

"You're calling me out — and rightly so," one Meta AI account said. "My existence currently perpetuates harm."

05.01.2025 2

Fortune

Jason Ma

Trump tariffs would shrink the federal deficit, but also the economy, CBO says

The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.

04.01.2025 10

Fortune

Jason Ma

These hedge funds soared amid big gains for US stocks and the dollar

Some multi-strategy funds with bets across different asset classes and geographies saw outsized gains.

04.01.2025 9

Fortune

Jason Ma

Jimmy Carter also faced high inflation and energy prices — ‘We have more oil in our shale alone than several Saudi Arabias’

"We will protect our environment," Carter said in 1979. "But when this nation critically needs a refinery or a pipeline, we will build it."

30.12.2024 5

Fortune

Jason Ma

Trump tariffs could leave the US as the relative winner among global economies, Ivy League professor says

"No matter the virtues of these policies, they could end up hurting other countries a lot more than they hurt American consumers, making the United...

29.12.2024 7

Fortune

Jason Ma

China’s Xi Jinping asked ‘What’s so bad about deflation?’ amid economic slowdown, report says

"Don’t people like it when things are cheaper?" Chinese President Xi Jinping reportedly asked his advisers.

29.12.2024 8

Fortune

Jason Ma

Trump backs immigration visas for skilled workers after MAGA followers turn on Elon Musk over H-1Bs

"I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great program."

29.12.2024 20

Fortune

Jason Ma

De Beers is sitting on a $2 billion pile of diamonds as demand slumps — ‘It’s been a bad year’

The diamond giant's $2 billion in inventory is the most since the 2008 financial crash, according to the Financial Times.

28.12.2024 7

Fortune

Jason Ma

Google CEO urges employees to move faster and ‘stay scrappy’ ahead of pivotal year in AI, report says

"In 2025, we need to be relentlessly focused on unlocking the benefits of this technology and solve real user problems."

28.12.2024 4

Fortune

Jason Ma

This is America’s ‘fatal flaw’ as the US bubble gets ready to pop, market expert warns

"When flying in such thin air, it doesn’t take much to stall the engines. All the classic signs of extreme prices, valuations and sentiment...

23.12.2024 4

Fortune

Jason Ma

CEOs have never headed for the exits as much as they are this year—here’s why so many are leaving

"The current landscape has a lot of uncertainty baked in, and companies are responding by putting temporary leaders in place."

22.12.2024 6

Fortune

Jason Ma

Billionaire Steve Ballmer has more than 80% of his portfolio in Microsoft stock and advises everyday investors to ‘keep it simple’

"Microsoft’s outperformed just about every other asset I could have owned. It’s a little hard to say that it hasn’t worked out."

22.12.2024 4

Fortune

Jason Ma

Russia’s war machine is running on fumes as industry warns of bankruptcies and the Kremlin gets old tanks from movie studio

Russia's largest movie studio donated about 50 tanks and armored vehicles from the 1950s that it had been using a props.

22.12.2024 40

Fortune

Jason Ma

There’s now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says

"For investors, it is starting to look similar to 2022—too high inflation, rising interest rates, and falling stock prices."

21.12.2024 5

Fortune

Jason Ma

The spending bill that averted a shutdown shrank from more than 1,500 pages to just 100—here’s what was cut

The spending bill that cleared Congress didn't include pharmacy benefit manager reforms, a pay raise for lawmakers, and a crackdown on "junk fees."

21.12.2024 2

Fortune

Jason Ma

Craig Wright, who falsely claimed to be Bitcoin inventor Satoshi Nakamoto, gets suspended prison sentence for contempt of court

The U.K. High Court ruled Wright violated a court order that required him to stop saying he was Nakamoto and taking legal action based on that claim.

20.12.2024 2

Fortune

Jason Ma

Billionaire fashion mogul Isak Andic dies as his Mango chain is expanding rapidly in the US

Mango has about 2,700 stores in 120 countries and generated more than $3 billion in sales last year, while competing with fast-fashion giant Zara.

17.12.2024 20

Fortune

Jason Ma

Putin is desperately trying to reverse Russia’s population crisis and sees Ukraine as a solution, experts say

"Putin understands that, in the world of tomorrow, Russia will be a territorial giant and population dwarf."

16.12.2024 3

Fortune

Jason Ma

A forever bond issued 400 years ago still pays interest. Here’s how much the holder just got 

On Dec. 10, 1624, a Dutch water authority sold a bond for 1,200 Carolus guilders to a woman in Amsterdam, promising to pay 2.5% interest in...

15.12.2024 3

Fortune

Jason Ma

This practice in the health insurance industry may have ‘gotten out of control,’ Wall Street analyst says

"And also, you do have a more populist party, and the industry is not as popular as it used to be."

15.12.2024 10

Fortune

Jason Ma

U.S. oil giant’s CEO is a fan of this nuclear energy technology and thinks there could be a role ‘for a company like ours’

"And so I'm a fan of the technology. I want to see it be successful. I think the world needs it, and there could be a role for a company like ours."

15.12.2024 5

Fortune

Jason Ma

US debt reckoning escalates sharply as top bond buyer pulls back from long-term Treasuries

"But at some point, if you borrow too much, lenders may question your ability to pay it all back. It doesn’t take a vigilante to point that out."

14.12.2024 10

Fortune

Jason Ma

OpenAI whistleblower found dead in San Francisco apartment after taking his own life

"We are devastated to learn of this incredibly sad news and our hearts go out to Suchir’s loved ones during this difficult time," OpenAI said in...

14.12.2024 4

Fortune

Jason Ma

In the age of Slack and Zoom, Jensen Huang still swears by email to keep tabs on every corner of Nvidia

"I’m looking to detect the weak signals. It’s easy to pick up the strong signals, but I want to intercept them when they are weak."

13.12.2024 5

Fortune

Jason Ma

The man held in connection with the UnitedHealthcare CEO’s killing gave the Unabomber’s manifesto a 4-star review

"While these actions tend to be characterized as those of a crazy luddite, however, they are more accurately seen as those of an extreme political...

10.12.2024 10

Fortune

Jason Ma

Fear of Trump tariffs is causing Americans to buy now before prices rise—and they’re stockpiling toilet paper, medicine, and food

Toilet paper is at the top of the shopping list with 77% saying they are stocking up on it, according to a recent survey from CreditCards.com.

09.12.2024 4

Fortune

Jason Ma

‘The mother of all bubbles’ in the US is sucking money away from the rest of the world, market expert says

"Awe of 'American exceptionalism' in markets has now gone too far," said Ruchir Sharma, chair of Rockefeller International.

09.12.2024 100

Fortune

Jason Ma

Monopoly money was found in a backpack believed to be worn by the UnitedHealthcare CEO’s killer in what could be another cryptic message

The backpack, which was found in Central Park, contained a Tommy Hilfiger jacket and Monopoly money. But it didn't contain a gun.

08.12.2024 3

Fortune

Jason Ma

Trump avoids guaranteeing that his tariffs won’t result in Americans paying more

"I can’t guarantee anything," Trump said. "I can't guarantee tomorrow."

08.12.2024 9

Fortune

Jason Ma

OPEC’s market power is ‘less than you would imagine’ and the US doesn’t need to get fussed over the cartel, State Dept. official says

U.S. oil production is expected to climb to 13.5 million barrels a day in 2025 from 13.2 million in 2024.

08.12.2024 30

Fortune

Jason Ma