Money, Wealth & Power—A Daily Look at the Financial World
Michael Burry is once again sounding alarms, arguing that U.S. equities are heading into a stretch of “bad years” that could leave today’s investors with far less than they expect. Instead of a quick correction, he is warning of a drawn-out comedown from an era of easy money, aggressive speculation, and faith in technology narratives….
General Motors is pouring nearly $900 million into its New York engine complex, a bet that big trucks and V8 powertrains will remain central to its business even as the industry races toward electrification. The move centers on a sweeping upgrade of the company’s Tonawanda Propulsion plant outside Buffalo, positioning it as a hub for…
The most fragile part of America’s financial system is not sitting on bank balance sheets. It is a sprawling, lightly regulated web of private lenders and investment vehicles that now rivals traditional banks in size, yet operates largely out of public view. If stress hits this hidden credit engine at the wrong moment, the damage…
Goldman Sachs has just thrown a bucket of cold water on the long-held belief that U.S. stocks are the safest and strongest bet for the next decade, warning that American equities could trail the rest of the world for years. Yet the same research also argues that the U.S. economy itself is set to outperform…
Lindsey Graham is now railing against the same surveillance machinery that he spent years helping to build and protect, turning a long running national security debate into a very personal fight. His outrage, sparked by revelations that federal agents scrutinized his own communications, has exposed a sharp clash between his past votes for expansive spying…
Artificial intelligence is moving deeper into the financial advice business, not to replace human advisers outright but to strip away the repetitive work that keeps them from clients. Sequoia Capital’s latest bet on an AI wealth platform signals that the next competitive edge in advisory firms will come from software that handles the grunt work…
Speculation around artificial intelligence now rivals the frenzy that once surrounded dot-com stocks, but the similarities only go so far. The current boom is unfolding in a more mature market, with deeper cash flows and more concentrated power, even as investors replay familiar patterns of hype, overbuilding and fear of missing out. To see how…
Target’s latest round of corporate layoffs, cutting 1,800 office roles after 11 quarters of flat or falling sales, marks a sobering reset for one of America’s most recognizable retailers. The move caps a long stretch in which the company has struggled to reignite growth while juggling inflation, shifting shopper habits, and the lingering effects of…
Over the next 20 years, the jobs most likely to thrive will combine strong demand with skills that are hard to automate. Based on current projections and detailed reporting on growth sectors, I see a clear pattern: roles that manage complexity, work directly with people, or guide advanced technology are positioned to gain the most….
The Federal Aviation Administration set out to reward the workers who kept the air system running during the government shutdown, but a single attendance rule ended up excluding most of the people it was meant to recognize. Instead of a broad thank-you, the bonus program turned into a case study in how a rigid metric…