Kevin Dugan

1 month ago | wsj.com | Kevin Dugan

Creditors’ lawsuits allege the crypto winter began earlier than believed, and with actions by Digital Currency Group’s founder, Barry SilbertIn the depths of the brutal 2022 meltdown in the digital-assets market, billionaire crypto entrepreneur Barry Silbert had a message for investors like Mark Cuban who were worried about getting wiped out: Stay calm, your money is safe, we’re solid.

2 months ago | wsj.com | Kevin Dugan

Conservative activists like Christopher Rufo are taking inspiration from Antonio Gramsci, the 20th-century Marxist thinker who drew up a battle plan for winning culture wars. Christopher Rufo is perhaps the most potent conservative activist in the U.S. Last year, he led the campaign that pressured Harvard University into replacing Claudine Gay as its president.

2 months ago | wsj.com | Kevin Dugan

The author of ‘The Fourth Turning’ plans to show the possibilities of investing well in a generational crisisAfter President Trump unveiled his historic tariffs, the immediate market frisson signaled that the world as Wall Street knew it was ending. Global alliances were unraveling in real time, and the historical record seemed empty of any useful precedents. Bill Ackman, an outspoken supporter of Trump’s policies, warned of an “economic nuclear winter.”To some traders, though, this was nothing.

2 months ago | wsj.com | Kevin Dugan

Former Federal Reserve Chairman Paul Volcker (Diana Walker/Getty Images)The Trump administration has claimed that the shock of tariffs will soon wear off and usher in an era of American prosperity. Economists warn that not all shocks have such endings. One that comes to mind is former Federal Reserve chairman Paul Volcker's sudden hike in interest rates in the early 1980s, which put the U.S. economy into a recession.

2 months ago | wsj.com | Kevin Dugan

Arnold Haro held up a single bullet to his cellphone camera, loaded it into his Smith & Wesson and spun the chamber. It was 3:28 p.m. on Feb. 21, and he was in his ranch home in an isolated corner of California. He seemed in distress, scratching his scalp, breathing heavily. “If I die, I hope you guys turn this into a meme coin,” he told his followers on X, where he was livestreaming.