Steven Malanga is the George M. Yeager Fellow at the Manhattan Institute for Policy Research and senior editor of City Journal.
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG.
Steven Malanga is the George M. Yeager Fellow at the Manhattan Institute for Policy Research and senior editor of City Journal.