Top StoryThe Capitals' OT Win Changes Nothing About Your Life — Unless You Bet on It
A rookie's overtime goal in November is fun, not fate. Here are the two decisions a Capitals-Senators result should actually affect, and the one it shouldn't.
Vanguard's $200 Million Problem Is a Rounding Error — Until You Check the Denominator
The Altruist deal's borrowing costs look alarming against Vanguard's reputation. Against its actual balance sheet, the math tells a different story — and a more interesting one.
Read more
The United Cockpit Scare Wasn't an Intelligence Failure. It Was a Paperwork One.
The man accused of storming a United cockpit and threatening a bomb had been deported twice. The reason he was on the plane anyway is a chain of small bureaucratic decisions no agency owns.
Read more
The Taylor Fritz Numbers Don't Say What You Think They Say
Prediction markets, set-by-set prices, and the denominator problem: why single-match tennis odds get read as forecasts when they aren't.
Read more
The Market Priced In the Inflation Report. It Didn't Price In What Comes Next.
The October CPI report is in, and stocks opened like the coast is clear. The problem is what a hot-but-not-catastrophic inflation print does to the Fed's next two meetings — and to everything priced off them.
Read more
The South Florida Basketball Game Nobody's Watching Is Still Paying Somebody
A Veterans Day matinee in Annapolis is a money story wearing a box score. Here's who actually cashes in when a game tips off in an empty gym.
Read more
The Ozempic Blindness Warning Is Real — and It's Not the Reason to Panic
The FDA's new vision-loss label on GLP-1 drugs sounds terrifying. The math says otherwise — and the real risk is what people do after they read the headline.
Read more
Rex Ryan's Arrest Is a Story About Contracts, Not Cuffs
The headline is a felony charge. The money story is who's on the hook for the payout, who can void the deal, and why ESPN's biggest risk isn't PR — it's the insurance policy behind the talent.
Read more
The NFL Trade Deadline Is a Cash Register, Not a Scoreboard
The Jaguars went all-in, the Vikings found a quarterback, and Jonathan Taylor got stranded. Follow the money and the deadline looks less like a football story than a financing story.
Read more
Natalie Harp and the C-SPAN Giggle: Who Actually Got Paid Here?
The viral mystery woman is a sideshow. The real story is a president using unpaid airtime to commandeer a cable network's premiere — and the money that flows around it.
Read more