Money, Wealth & Power—A Daily Look at the Financial World
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…
Boeing is telling investors it is finally ready to turn the corner from crisis management to cash generation, projecting that its commercial jet business will throw off billions of dollars in the coming year. The company is leaning on a ramp-up in key programs and a cleaner balance sheet to argue that its long-promised financial…
Artificial intelligence is transforming work at a speed that rivals the early internet era, but the most important story is not just which jobs are at risk. It is the surge of new, often better paid roles that are emerging around the technology itself. I see a clear pattern: the people who learn to build,…
America’s biggest fast-food names are quietly shrinking their footprints as the economics of a cheap burger grow harder to sustain. Rising food, labor and operating costs are colliding with customers who are finally pushing back on higher prices, forcing chains to close hundreds of restaurants and rethink what “value” looks like. The closures are scattered…
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