Money, Wealth & Power—A Daily Look at the Financial World
For a growing share of Americans, the classic path of working, saving and eventually buying a modest house no longer lines up with reality. Prices have sprinted ahead of paychecks, borrowing has become more expensive, and the starter homes that once anchored the market are scarce. The result is a generation that still believes in…
Paul Walker’s personal 2005 Ford GT, long tucked away in private hands, is suddenly back in public view as it heads to auction, reconnecting fans with one of the most coveted cars from his real-life garage. The supercharged American supercar, finished in a striking red over black, is emerging after years off the radar, and…
AI has become the story driving markets, corporate strategy, and political attention, and the money chasing it is starting to look dangerously detached from reality. If that enthusiasm curdles into a full-blown bubble, the damage will not stop at a handful of speculative tech stocks, and traditional bond holdings will not provide the clean escape…
Vaccine makers are facing a fresh wave of market turbulence after a senior Food and Drug Administration official linked Covid shots to heart problems in younger men, rattling investors who had already grown wary of the sector. The selloff reflects more than a single memo, it captures a broader reckoning over how regulators weigh rare…
Across the United States, a growing share of homes are sitting unsold as owners quietly pull their listings rather than accept what they see as disappointing offers. The shift marks a sharp turn from the bidding wars of the pandemic era and signals a housing market where patience, not panic, is shaping seller behavior. Instead…
California entered the Newsom era with some of the nation’s highest housing costs and deepest poverty, and the gap between what homes cost and what residents earn has only widened. Rents and home prices have continued to outpace wages, while the state’s ambitious promises on affordability and homelessness have collided with local resistance, construction bottlenecks,…
Alphabet’s latest stumble in artificial intelligence has given some high-profile investors confidence that the market has already delivered its verdict on the stock. The claim that “it’s already over” for the Google parent reflects a view that the company has ceded the strategic high ground in AI to faster, more focused rivals, and that the…
Wall Street is heading into 2026 with a rare mix of optimism and unease, and that tension alone is a warning sign for the S&P 500. Earnings forecasts, artificial intelligence enthusiasm and a resilient economy are all supportive, yet the same forces are inflating valuations and compressing the margin for error. When growth looks solid…
Reverse mortgages are being sold to older homeowners as a lifeline, but the fine print often turns that promise into a trap that can strip away equity just when retirees need it most. Dave Ramsey has become one of the loudest voices warning that these complex loans can function like predatory products, especially for people…
Corporate investors now control a significant slice of American neighborhoods, with large firms and institutional buyers holding roughly 9 percent of all U.S. residential land. That shift is reshaping who becomes a homeowner, how much rent costs, and what kind of leverage ordinary families have in the housing market. I see a landscape where financial…