Money, Wealth & Power—A Daily Look at the Financial World
Meta’s decision to hand its most ambitious artificial intelligence push to a 29-year-old outsider has triggered an unusually public backlash from one of the field’s most influential figures. Yann LeCun, the company’s former chief AI scientist and a widely cited “AI godfather,” is warning that putting Alexandr Wang in charge of superintelligence efforts risks alienating…
The Warner Bros bidding war has become the defining corporate drama of the streaming era, pitting legacy studios and tech giants against each other in a scramble for scale. The headline-grabbing narrative of a Kushner-style political twist blindsiding a $108.4 billion deal and derailing a Netflix exit reflects the fevered speculation around this saga, but…
The United States has crossed a threshold that many economists once treated as a distant warning, not an imminent reality. With federal obligations now measured in the tens of trillions of dollars, Janet Yellen is arguing that the country is edging toward a line that earlier generations of policymakers hoped never to test. I see…
The claim that Joe Biden personally slapped a $25 million bounty on Nicolás Maduro has raced across social media, but the reality is more bureaucratic and more rooted in decisions that began before he took office. The reward on the Venezuelan leader grew out of long running U.S. narco terrorism charges and a standing State…
Allegations that more than $100 million slipped out of Minnesota’s safety net programs are not about a single scam or a lone bad actor. They reveal a pattern of weak oversight, rapid program expansion, and opportunists who learned to treat public aid as a cash machine. I see a story that stretches from pandemic food…
Federal investigators say they were able to create fake Obamacare customers, sign them up for coverage, and quietly collect an average of $2,350 a month in taxpayer-funded subsidies, all without providing the documentation the law requires. The findings point to deep cracks in how the Affordable Care Act marketplace verifies identity and income, and they…
US copper futures have punched through to a fresh record, the first new peak since the summer’s tariff-driven spike jolted metals markets and forced manufacturers to rethink their cost assumptions. The latest leg higher reflects a powerful mix of tight supply, resurgent industrial demand and financial momentum that has turned the red metal into a…
New York City’s congestion pricing experiment has delivered the kind of numbers that usually live in planning textbooks, not on real streets. Traffic into the core has dropped by the tens of millions of trips, speeds are up, and the air is measurably cleaner, all while the city quietly banked hundreds of millions of dollars…
The White House is trying to convince voters it is “laser focused” on the cost of living at the very moment its own tariff strategy is being forced into a rethink. After months of escalating trade measures that helped push up prices on everyday goods, President Donald Trump is now pausing some increases and floating…
The United States is suddenly positioning itself not just as the world’s largest oil producer, but as a potential gatekeeper of the planet’s biggest reserves. By moving aggressively into Venezuela after the fall of Nicolás Maduro, Washington is trying to turn a onetime adversary’s buried wealth into long term leverage over global energy flows. I…