Money, Wealth & Power—A Daily Look at the Financial World
The Trump administration has awarded $10,000 bonuses to just 776 Federal Aviation Administration employees who maintained perfect attendance as air traffic controllers during the recent government shutdown, recognizing their unwavering service amid intense operational pressures. Unions representing aviation workers are protesting the decision, arguing that thousands of other FAA staff who also reported for duty…
Amazon is quietly trimming its physical grocery footprint again, closing more Amazon Fresh locations in November as it reworks a strategy that once promised a sweeping bricks-and-mortar presence. The latest round of cuts signals that the company is still searching for a profitable formula for selling food in person, even as it doubles down on…
Michael Burry’s decision to wind down his hedge fund structure has not pushed him to the sidelines. Instead, the investor best known for calling the 2008 housing bust is signaling that he is trading more directly, with fewer formal constraints and a renewed focus on themes he believes markets are mispricing. For anyone who has…
Netflix’s latest splashy partnership with Meghan Markle has triggered a backlash that goes beyond celebrity fatigue, raising questions about how the streamer spends subscriber money at a time of price hikes and belt-tightening. The reported $100 million deal is being framed by critics as a symbol of corporate disconnect, with viewers and investors asking whether…
The Saudi crown prince capped his swing through the United States with a flurry of investment announcements that underscored how central Washington remains to his economic and security ambitions. I see the trip’s closing stretch less as a ceremonial farewell and more as a carefully staged finale, designed to lock in big-ticket deals while signaling…
Before she built a fortune on shapewear and celebrity deals, Sara Blakely nearly took a job sweating inside a chipmunk costume at Disney World. Her decision to walk away from that path, and instead bet on an untested hosiery idea, turned a door-to-door fax machine salesperson into a billionaire founder whose story still reshapes how…
Market swings have become a regular feature of investing life, but the emotional whiplash they create is optional. Suze Orman has spent decades arguing that the real edge in turbulent times is not a secret stock tip, it is a disciplined system that keeps ordinary investors from sabotaging themselves. Her approach to rocky markets is…
Self-made billionaires who climbed from nothing show how poverty, rejection and instability can still lead to extraordinary wealth. Their stories, grounded in specific places, dates and dollar figures, reveal patterns of grit that matter for anyone trying to build a business or career from scratch. I focus on 19 names whose journeys are documented across…
Artificial intelligence has become the market’s defining growth story, but not every investor wants to chase non‑profitable high flyers. I see a small group of established dividend payers quietly building the infrastructure, chips, and networks that make AI possible, while still trading at valuations that leave room for both income and capital appreciation. By focusing…
Meta is racing to turn its social platforms into an AI gateway, and the bill for that ambition is arriving faster than many investors expected. I see those rising costs as painful in the short term but ultimately necessary if the company wants to defend its core ad business and unlock new revenue streams by…