Money, Wealth & Power—A Daily Look at the Financial World
Retail investors kept funneling money into Nvidia and Tesla shares even as broader markets sold off in early March 2026, creating a striking split in how everyday traders responded to rising uncertainty. While aggregate buying activity slowed for the first time this year, according to JPMorgan data, inflows into AI and software stocks surged to…
Las Vegas built its legend on the promise of easy fun and affordable indulgence, but a growing number of Americans now see the trip as more hassle than escape. From rising prices to shifting travel habits, the city is colliding with a tougher economic mood and a more demanding audience. The result is a sharp…
Homeowners routinely sabotage their own property values through preventable mistakes that range from botched renovations to willful ignorance of environmental hazards, according to warnings from real estate professionals surveyed for the latest national remodeling data. With buyers growing more cautious and federal disclosure rules tightening scrutiny on everything from lead paint to flood risk, the…
The average 30-year fixed mortgage rate fell to 6.01% last week, its lowest point in more than three years, offering a rare window of relief for homebuyers who have spent months sidelined by elevated borrowing costs. The decline coincided with a U.S. Supreme Court decision that struck down most of the tariffs imposed by the…
U.S. home prices in several high-cost regions have started to decline, trapping recent buyers who purchased near the market’s peak with shrinking equity and few options to move. At the same time, a new study finds nearly half of Americans feel stuck in their current homes as elevated mortgage rates freeze the broader housing market….
The U.S. housing market closed out 2025 with home prices still climbing nationally even as sales volume dropped sharply, creating a widening gap between what sellers expect and what buyers can afford. National house prices rose 1.8 percent year over year in the fourth quarter of 2025, according to the Federal Housing Finance Agency, while…
Federal regulators and antitrust enforcers have spent years documenting how real estate agents mislead buyers and sellers, from disguised referral kickbacks to inflated property claims. The Consumer Financial Protection Bureau, the Department of Justice, and the Federal Trade Commission have each flagged specific deceptive practices that cost consumers thousands of dollars per transaction. With commission…
The investor group led by developer Michael Shvo has agreed to sell the Transamerica Pyramid, San Francisco’s most recognizable skyscraper, to a Cyprus-based entity backed by German pension fund Bayerische Versorgungskammer, according to Bloomberg reporting on February 24, 2026. The deal caps a rapid investment cycle in which Shvo’s group acquired the 48-story tower and…
A group of at least 17 Senate Democrats introduced the American Homeownership Act on February 24, 2026, targeting private equity firms and hedge funds that have been buying up single-family homes across the country. The legislation, led by Sen. Elizabeth Warren (D-Mass.) and Sen. Jeff Merkley, would strip tax breaks from large institutional landlords and…
U.S. home sales dropped sharply in January even as mortgage rates fell to their lowest point in more than three years, a disconnect that has left the housing market in an unusual bind. Pending home sales fell to the second-lowest level shown in Federal Reserve Economic Data, while the National Association of Realtors reported a…