Money, Wealth & Power—A Daily Look at the Financial World
After a year of breathless hype, the workplace AI boom is hitting a wall. Usage is no longer climbing in a straight line, and in some corners of the economy it is actually slipping as workers, managers, and executives reassess what these tools are really good for. The story is not that AI has vanished…
Bitcoin’s latest boom has minted new millionaires and revived old prophecies of digital gold, but it has also inspired a very different kind of bet. While traders cheer fresh highs, a German coder is quietly positioning himself for a spectacular collapse, convinced that the market’s most aggressive optimists are building on sand. His wager is…
Financial markets are no longer treating President Trump’s tariff strategy as background noise. Investors are staring at a Federal Reserve that is openly warning about inflation and asset prices just as the White House doubles down on trade barriers, and the result is a market that is starting to flash red instead of shrugging it…
Floyd Mayweather has spent a career turning expectations on their head, and his post-boxing life is no different. The undefeated champion has quietly built a sprawling business portfolio, and his latest move into digital gambling shows that his new hustle is less about nostalgia and more about owning the future of entertainment. What looks like…
Paramount’s new five-day office mandate was supposed to reset culture after a bruising merger. Instead, it triggered a mass exit that wiped out roughly 600 jobs and saddled the company with about $185 million in costs tied to those departures. The episode has become a high-profile stress test of the return-to-office era, showing how quickly…
The Deion Sanders experiment in Boulder was always going to be expensive, but the scale of Colorado’s projected shortfall has turned a bold football bet into a campus-wide budget crisis. With a deficit pegged at roughly $27 million and tempers flaring over who pays for what, the program that once symbolized a new era of…
The artificial intelligence boom has become the defining growth story of the U.S. economy, lifting stock indexes, fueling a construction wave of data centers, and reshaping corporate investment plans. A new warning from forecasters argues that the same forces powering this surge could also be a major vulnerability, if inflated expectations around AI unwind faster…
Jamie Dimon spent years ridiculing Bitcoin, yet the bank he leads is now one of the most aggressive adopters of the blockchain rails that grew up around it. The apparent contradiction is not a simple change of heart so much as a calculated effort to separate speculative tokens from the underlying infrastructure and then dominate…
Intel’s latest rally in the stock market underscores how quickly sentiment can swing when Wall Street spies a credible path back into Apple’s supply chain. Reports that the chipmaker is poised to manufacture advanced processors for future Apple devices sent the shares sharply higher, signaling renewed investor faith in Intel’s turnaround story. The move also…
Bank customers are facing a new wave of highly convincing phone scams that mimic real bank outreach and drain accounts in a matter of minutes. According to federal investigators, cybercriminals have already stolen $262 million from Americans in 2025 by posing as financial institution support staff and taking over victims’ accounts. I see a clear…