Money, Wealth & Power—A Daily Look at the Financial World
For many households, the sticker shock of a $500,000 listing is only the beginning of the problem. The real barrier is a less visible income threshold that lenders quietly enforce, a line that can keep otherwise solid earners locked out of midrange homes. I want to unpack how that hidden line is drawn, why it…
Nvidia’s latest outlook, projecting an eye catching $65 billion in quarterly sales, has turned a long running debate about an “AI bubble” into a more urgent question about how far and how fast this new computing cycle can run. The forecast is not just a beat on expectations, it is a signal that demand for…
BYD has just logged its slowest annual sales growth in half a decade, yet the company is still on track to overtake Tesla in global electric‑vehicle sales. That combination of cooling momentum and rising dominance captures the new reality of the EV race, where scale, pricing power, and geographic reach matter as much as raw…
The Trump administration’s decision to end a long term lease for three public golf courses in Washington has abruptly upended a high profile experiment in nonprofit management of public land. Instead of a gradual handoff or negotiated transition, the move has thrown local golfers, city officials, and the nonprofit operator into a scramble over who…
In a corner of the Deep South that national investors often skip, Curtis “50 Cent” Jackson has quietly assembled one of the most aggressive celebrity real estate plays in the country. Instead of chasing luxury towers in coastal hubs, he is buying vacant lots, historic facades and tired civic buildings in a mid‑sized Louisiana city…
The housing market has been stuck in a stalemate, with would-be buyers sidelined by high borrowing costs and owners reluctant to give up ultra-cheap loans. A growing body of data now points to a specific mortgage rate level that could break that gridlock, expanding the pool of qualified borrowers and coaxing more sellers off the…
California’s housing market is entering 2026 with a familiar and uncomfortable pattern: prices are climbing faster than new homes can be built, and the gap between what people earn and what a roof costs keeps widening. The state is seeing signs of renewed sales activity, but the underlying shortage of homes and the surge in…
Trump Media & Technology Group is trying to turn political identity into an investable asset class, betting that partisan enthusiasm can be packaged into exchange-traded funds and sold as a path to market-beating returns. With President Donald Trump back in the White House and culture-war branding saturating consumer products, the company’s new funds test whether…
Home sales have slumped to levels not seen since the aftermath of the last housing bust, leaving agents staring at the slowest pipeline in more than a decade and wondering how long the drought will last. Transactions have dried up even as prices hold near record highs, a combination that is squeezing buyers, sellers and…
Renovation budgets are getting hammered by scams that hide inside contracts, invoices, and even the materials nailed into your walls, and the losses now run into hundreds of millions of dollars a year. I see a clear pattern in the data: the same tricks repeat across fake contractors, padded change orders, and inflated insurance claims,…