Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump is still a billionaire many times over, but his latest financial disclosure shows a sharp reversal from the highs he enjoyed over the past year. After a surge that made him significantly richer since 2024, his estimated fortune has now fallen by $1.1 billion, a swing that underscores just how volatile his…
Texas trucking and logistics employers are shedding jobs at a pace that is reshaping how freight moves across the state, from oilfield runs to tech-enabled urban routes. Instead of a single dramatic collapse, a series of shutdowns, bankruptcies and deep layoffs has left thousands of drivers, dispatchers and warehouse workers facing uncertain futures. I see…
Warren Buffett’s decision to step back from the chief executive role at Berkshire Hathaway is being read across corporate America as a rare example of a founder-style leader exiting on his own terms while leaving a durable structure behind. For Fortune 500 boards wrestling with aging icons, activist pressure, and restless investors, the Berkshire playbook…
Artificial intelligence is often framed as a job destroyer, but Nvidia chief executive Jensen Huang is betting on a different outcome. He argues that as AI spreads through every industry, work will not disappear so much as it will be reshaped, leaving people with more to do, not less, even as specific tasks are automated….
Federal prosecutors say a small group of technologists and entrepreneurs turned the world’s hottest artificial intelligence hardware into contraband, routing high‑end Nvidia processors out of the United States and into China in defiance of export controls. The four defendants now face a sweeping criminal case that tests how far Washington is prepared to go to…
Bitcoin’s blistering rally to a fresh record in October has given way to a harsh reversal, with the price now roughly 30% below that peak and dragging the wider crypto market into a deep selloff. The slide has turned what looked like a new era of mainstream acceptance into a stress test of investor conviction,…
President Donald Trump has helped secure the release of a longtime U.S. resident who spent years in a Saudi prison over social media posts critical of the kingdom’s leadership. The case of Saad Almadi, a 75-year-old Florida retiree, has become a vivid test of how far Washington will go to challenge a key security partner…
Eli Lilly’s entry into the $1 trillion club has turned a century-old drugmaker into the market’s newest momentum story, powered less by traditional pharma pipelines than by a cultural obsession with weight loss. The surge in appetite for GLP-1 drugs has pushed the company into the same valuation stratosphere as the biggest technology names, forcing…
The United States has just added another trillion dollars to its tab in barely more than two months, pushing the national debt to levels that would have seemed unthinkable a generation ago. The pace of borrowing has shifted from a slow climb to a sprint, turning what was once a distant concern into an immediate…
For years, Black Friday functioned as retail’s high holy day, the moment shoppers were expected to line up, click in, and spend big. That grip is loosening as discounts spread across the calendar, consumers grow more strategic, and retailers quietly reshape their playbooks to protect profits rather than chase one-day volume at any cost. I…