Money, Wealth & Power—A Daily Look at the Financial World
Artificial intelligence is no longer a niche bet on the edge of the tech sector, it is the organizing principle for a market that is racing from roughly $25 trillion in enterprise value toward a projected $29 trillion by the end of the year. Capital is chasing not just headline-grabbing models but the full stack…
Homeowners are pulling listings at the fastest clip in years, turning what looked like a straightforward buyer’s market into a more complicated standoff. Delistings have jumped 28 percent, and sellers are yanking homes from the market at a pace not seen in nearly a decade as they refuse to cave to lower offers. Instead of…
Amy Schumer has finally parted ways with her storied Brooklyn Heights townhouse, accepting an $11 million offer that came in well below what she originally paid. The sale locks in a roughly $1.25 million loss on the property, a rare outcome in one of New York City’s most coveted brownstone neighborhoods. For a celebrity who…
Across the country, homeowners are discovering that the tax bill arriving in the mailbox can feel as punishing as the mortgage itself. Property values have climbed far faster than incomes, and the result is a wave of anger that is reshaping state budgets, local politics, and even national tax debates. What began as scattered complaints…
For many buyers, a $500,000 home sits right on the line between aspiration and reality, especially in markets where prices have sprinted ahead of paychecks. The real question is not whether that price tag looks intimidating, but exactly how much income it takes to carry the monthly payments without stretching your budget to a breaking…
Palantir CEO Alex Karp has turned a onetime Catholic retreat in the Rockies into one of the most expensive residential land deals in Colorado history, paying a record $120 million for a former monastery outside Aspen. The purchase instantly vaults a quiet religious property into the center of a national conversation about tech wealth, land…
Nvidia has already rewritten the record book for market value, but one bold forecast now argues the chip designer could be worth $8.5 trillion as soon as next year. That kind of leap would not just extend Nvidia’s dominance in artificial intelligence, it would reshape the hierarchy of global markets. I set out to examine…
The Twin Cities have become an unlikely laboratory for solving one of the hardest problems in American life: how to add homes fast enough that regular people can still afford to live near jobs, schools, and transit. By pairing aggressive zoning reform in Minneapolis with a more cautious, rent-focused strategy in Saint Paul, the region…
Wall Street’s last major holdout has finally put a number on where it thinks the S&P 500 is headed in 2026, and the call points to a fresh leg higher rather than a tired bull market running on fumes. With every big bank now projecting double-digit upside, the debate has shifted from whether the rally…
Texas is about to test whether the center of gravity in U.S. equity markets can shift away from Manhattan, and it is doing it with a war chest that is getting larger by the week. The Texas Stock Exchange is targeting a $270 million capital raise, with Goldman Sachs and Bank of America reportedly committing…