Shawn Tully

Shawn Tully

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

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Cliff Asness, co-founder and managing principal of investment firm AQR Capital Management LLC. Photographer: Chris Goodney/Bloomberg via Getty Images

Bonds Are The Most Expensive They’ve Been in 64 Years. Here’s What That Means for Your Portfolio

FILE PHOTO: A subsea oil and gas tree is lowered into a testing pool at the General Electric Co. (GE) manufacturing plant in Montrose, U.K. Photographer: Simon Dawson/Bloomberg via Getty Images

The Most Fascinating Standoff in Corporate America: The Accountant Who Exposed Madoff vs. GE

Trump: Andrew Harrer—Bloomberg via Getty Images; Xi: Lintao Zhang—Getty Images for IAAF

Trump Thinks He Is Winning the Trade War. The Data Tell a Different Story

WASHINGTON, July 31, 2019 — A man walks by the U.S. Federal Reserve building in Washington D.C., the United States, on July 31, 2019. U.S. Federal Reserve on Wednesday lowered interest rates for the first time since the 2008 global financial crisis, amid rising concerns over trade tensions, a slowing global economy and muted inflation pressures. The Federal Open Market Committee, the Fed’s rate-setting body, trimmed the target for the federal funds rate by 25 basis points to a range of 2 percent to 2.25 percent after concluding its two-day policy meeting, in line with market expectation. (Photo by Liu Jie/Xinhua via Getty) (Xinhua/Liu Jie via Getty Images)

The Bond Market Has a Message for the Fed: You’re Not in Charge Anymore

DETROIT, MICHIGAN – JULY 31: Democratic presidential candidate Sen. Kamala Harris (D-CA) speaks during a television interview in the spin room after the Democratic Presidential Debate at the Fox Theatre July 31, 2019 in Detroit, Michigan. 20 Democratic presidential candidates were split into two groups of 10 to take part in the debate sponsored by CNN held over two nights at Detroit’s Fox Theatre. (Photo by Scott Olson/Getty Images)

Private Insurance Can’t Survive Under Kamala Harris’ Healthcare Plan. Here’s Why

LAS VEGAS, NV – JANUARY 06: Netflix CEO Reed Hastings delivers a keynote address at CES 2016 at The Venetian Las Vegas on January 6, 2016 in Las Vegas, Nevada. CES, the world’s largest annual consumer technology trade show, runs through January 9 and is expected to feature 3,600 exhibitors showing off their latest products and services to more than 150,000 attendees. (Photo by Ethan Miller/Getty Images)

This Model Shows How Netflix Can Earn Its $145 Billion Valuation—or Blow It

New York Stock Exchange , Scores milled about the entrance t

There Have Been Two Times in History Stocks Have Been This Expensive: 1929 and 2000

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How an Old School Jordanian Sweets Maker Made it to Walmart

LOS GATOS, CA – JANUARY 22: A sign is posted in front of the Netflix headquarters on January 22, 2014 in Los Gatos, California. Netflix will report fourth quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)

Netflix Investors Should Focus on This Alarming Number—Not Subscriber Growth

Warren Buffet at annual shareholders meeting 2019

One of Warren Buffett’s Favorite Metrics Is Flashing Red—a Sign That Corporate Profits Are Due for a Hit

Trouble Seeing a Specialist? Here’s What’s Driving the ‘Doctor Drought’

A for sale sign is posted in front of a home in Forsyth County north of Atlanta, Georgia. (Photo by Chris Rank/Corbis via Getty Images)

Suburban Sticker Shock: Why Does the Same House in L.A. Cost Three Times as Much as Atlanta?

Michelle Gass of Kohl’s.

More People Named Jeffrey Got Top CEO Jobs Than Women Last Year

Citigroup CEO Michael Corbat speaking at the 2019 Fortune Brainstorm Finance conference in Montauk, N.Y.

Citi CEO: In an Age of Fintech Disruption, Don’t Sleep on the Bank Branch

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Meet the A.I. Landlord That’s Building a Single-Family-Home Empire