Money, Wealth & Power—A Daily Look at the Financial World
SpaceX is still a private company, yet it is already trying to script its life as a future blue chip. The rocket and satellite group is working on a massive initial public offering that could value it in the trillions of dollars and is simultaneously pushing to qualify for flagship benchmarks like the S&P 500…
Bitcoin’s latest plunge has erased every price gain it notched after Donald Trump’s re-election, turning what had been a euphoric run into a harsh lesson in how quickly crypto momentum can reverse. The token has not only slipped below the levels it traded at around the 2024 vote, it has also shed a large chunk…
The dollar’s next big move is back in focus after a long run of strength, and investors are looking for clear signals on where it goes from here. Bank of America has been warning clients that the greenback’s trajectory is shifting, and that the easy gains from a strong United States currency may be behind…
Mass layoffs at brand-name employers are back in the headlines, and the numbers are jarring enough to make almost anyone glance over their shoulder at work. U.S. companies have announced job cuts at a pace not seen since the aftermath of the 2008 financial crisis, with transportation, tech and health care all slashing staff. The…
The economist who earned the nickname “Dr. Doom” for flagging the 2008 financial crisis long before it hit is now training his sights on digital assets. Nouriel Roubini is warning that a brutal reckoning for cryptocurrencies is no longer a distant risk but an imminent event that could wipe out vast paper wealth and expose…
Warnings about a 2026 market bust are getting louder, and they are not coming from fringe doomsayers. Hedge fund billionaire Paul Tudor Jones is comparing the current backdrop to the late 1990s, arguing that the setup “feels exactly like 1999” and that the next year could be even more “explosive” than the dot‑com peak. The…
The value of the U.S. dollar is sliding at the very moment Washington is signaling it is comfortable with that decline. A currency that has long been treated as a symbol of American strength is now being nudged lower by the very administration that is supposed to protect its credibility. The shift is deliberate, and…
The safest asset in global finance is suddenly at the center of a geopolitical staring contest. With European investors sitting on roughly $8 trillion of U.S. Treasury debt, the threat that those bonds could be dumped in a political dispute is no longer an abstract academic exercise but a live bargaining chip in a widening…
U.S. employers are cutting staff at a clip not seen since the aftermath of the financial crisis, jolting a labor market that had seemed remarkably resilient. The spike in announced layoffs, concentrated in big-name companies and key industries, is colliding with a slowdown in hiring and a murkier picture of overall job creation. For workers,…
Mortgage borrowers and home shoppers have spent the past two years riding a roller coaster of rate spikes, bidding wars and sudden freezes in activity. Now, J.P. Morgan is sketching out what it sees as the next decisive turn, with a call that mortgage costs will ease while home price growth effectively hits pause. That…
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