Shawn Tully

Shawn Tully

Shawn Tully is a senior editor-at-large at Fortune.

  • ANKARA, TURKIYE – OCTOBER 28: A digital screen displays Meta logo and a mobile phone screen displays founder of Meta Mark Elliot Zuckerberg in the foreground in Ankara, Turkiye on October 28, 2025. (Photo by Arda Kucukkaya/Anadolu via Getty Images)Investing

    ‘Say thank you and get out’: Why one top strategist says to dump Magnificent 7 stocks now

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  • Stock market numbers are displayed as traders work on the floor of the New York Stock ExchangeInvesting

    S&P 500 will return just 3% a year for the next decade, top strategist warns

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  • Jamie Dimon, chief executive officer of JPMorgan Chase & Co., arrives ahead of an event with Javier Milei, Argentina’s president, not pictured, at the National Museum of Decorative Art in Buenos Aires, Argentina, on Friday, Oct. 24, 2025. Milei will hold talks with Dimon and other JPMorgan executives on Friday and deliver a speech to Latin American CEOs at an event organized by the Wall Street bank. Photographer: Tomas Cuesta/Bloomberg via Getty ImagesInvesting

    The $265 billion private credit meltdown: How Wall Street’s hottest investment craze turned into a panic

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  • DORAL, FLORIDA – MARCH 09: U.S. President Donald Trump speaks to the Republican Members Issues Conference at Trump National Doral Miami on March 9, 2026 in Doral, Florida. House Republicans are in Florida for their annual retreat as the war in Iran continues and gas prices rise nationally. Recently Rep. Kevin Kiley (R-CA) announced he was leaving the Republican party to become an Independent, further complicating the GOP’s thin majority in the House. (Photo by Roberto Schmidt/Getty Images)Economy

    The latest accounting on Trump’s Iran war show it could spike the national debt by $65 billion over 60 days

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  • IN FLIGHT- MARCH 7:U.S. President Donald Trump speaks to members of the media traveling on Air Force One while heading to Miami on March 7, 2026. President Trump and other members of the government attended the dignified transfer of six soldiers from the 103rd Sustainment Command who were killed in action by an Iranian drone strike on March 1 in Port of Shuaiba, Kuwait during “Operation Epic Fury”. (Photo by Roberto Schmidt/Getty Images)Economy

    Trump’s Iran war is costing American taxpayers $1 billion a day as the national debt spirals out of control

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  • BARCELONA, SPAIN – 2026/03/02: The logo of SpaceX company is seen at the Mobile World Congress 2026 (MWC) at the Fira de Barcelona. The GSMA Mobile World Congress one of the most important technology and communications trade shows worldwide, held annually in Barcelona, with the biggest technology and mobile companies from all over the world presenting their latest products. (Photo by Davide Bonaldo/SOPA Images/LightRocket via Getty Images)Investing

    To justify a $1.5 trillion market cap after its IPO, SpaceX would need to earn more than Berkshire Hathaway. Here’s why that’s unlikely

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  • African American engineer working automatic robotic arm machine in factory. Male technician maintenance automatic robotic hand in smart factory, industrial and manufacturing conceptAI

    The unexpected 92,000 drop in payrolls is a clue we might be reading the AI jobs narrative all wrong

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  • WASHINGTON, DC – MARCH 5: White House Senior Advisor to the President and Tesla and SpaceX CEO Elon Musk departs the U.S. Capitol Building on March 5, 2025 in Washington, DC. Musk was meeting with Republican senators at a closed door lunch. (Photo by Andrew Harnik/Getty Images)Investing

    SpaceX is poised to raise more money in its IPO than was raised in last year’s 90 IPOs combined

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  • RIYADH, SAUDI ARABIA – OCTOBER 27: Ray Dalio attends the Fortune Global Forum Riyadh 2025 on October 27, 2025 in Riyadh, Saudi Arabia. (Photo by Amal Alhasan/Getty Images for Fortune Media)Economy

    Ray Dalio, Scott Bessent and House members from both sides of the aisle are rallying around a ‘3% solution’ to tame the out of control national debt

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  • (COMBO) This combination of pictures created on September 28, 2020 shows<br /> Democratic presidential candidate and former Vice President Joe Biden(L) speaking at a &#8220;Build Back Better&#8221; Clean Energy event on July 14, 2020 at the Chase Center in Wilmington, Delaware, and US President Donald Trump speaking during a briefing at the White House September 27, 2020, in Washington, DC. &#8211; At the September 29, 2020 election debate, millions of Americans will watch as the two antagonists &#8212; who depict each other as existential threats to the country &#8212; step into the ring live on television after months of shadow-boxing. (Photos by Olivier DOULIERY and Brendan Smialowski / AFP) (Photo by OLIVIER DOULIERY,BRENDAN SMIALOWSKI/AFP via Getty Images)Economy

    New Fed report proves Milton Friedman and Joe Biden understood something vital about immigration—and explains why growth may sputter under Trump

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  • WASHINGTON, DC &#8211; NOVEMBER 17: U.S. President Donald Trump delivers remarks at the McDonald’s Impact Summit at the Westin DC Downtown on November 17, 2025 in Washington, DC. Trump spoke on the economy and highlighted his One Big Beautiful Bill Act, including its provisions for tax breaks on tips and overtime as he addressed the group of McDonald’s restaurant franchise owners. (Photo by Win McNamee/Getty Images)Economy

    New CBO report shows national debt spiraling into uncharted territory by 2035—and Trump’s tariff defeat will make the picture even worse

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  • Michael Saylor, co-founder and executive chairman of MicroStrategy Inc., speaks during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Thursday, May 29, 2025. The event will examine Bitcoin&#8217;s evolving global impact, with speakers from education, policy, finance, and technology. Photographer: Ronda Churchill/Bloomberg via Getty ImagesInvesting

    When Bitcoin prices turned against Michael Saylor, he quietly pivoted to a risky financial gambit at Strategy

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  • CEO of the Internal Revenue Service (IRS) Frank Bisignano looks on before US President Donald Trump speaks about &#8216;Trump Accounts&#8217; at the Andrew W. Mellon Auditorium in Washington, DC, on January 28, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)Economy

    Inside the radical revamp of Social Security where a Wall Street CEO is changing almost everything at the $1.6 trillion benefits agency

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  • Commissioner of the Social Security Administration Frank Bisignano looks on as US President Donald Trump speaks prior to signing a presidential proclamation honoring the 90th anniversary of the Social Security Act in the Oval Office of the White House in Washington, DC on August 14, 2025. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Economy

    Meet the first CEO of the IRS: A Jamie Dimon protégé facing a $5 trillion test this tax season

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  • Kevin Warsh, governor of the U.S. Federal Reserve, speaks during a panel discussion at an Executives&#8217; Club of Chicago luncheon in Chicago, Illinois, U.S., on Thursday, Nov. 18, 2010. Warsh said debate over the central bank&#8217;s unconventional monetary policy shouldn&#8217;t impair the Fed&#8217;s independence from politics. Photographer: Tim Boyle/Bloomberg via Getty ImagesEconomy

    Kevin Warsh will inherit a challenge no Fed chief has faced since post-World War II regarding the spiraling $31 trillion national debt

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