Money, Wealth & Power—A Daily Look at the Financial World
The latest pullback in U.S. equities is being driven not by banks or energy, but by the very companies that powered the post‑pandemic boom. As software names sell off and investors reassess the cost of artificial intelligence, the S&P 500 and Nasdaq have slipped even as the Dow hovers near records. Alphabet’s earnings and aggressive…
Boston Scientific just delivered the kind of quarter most medical device makers would envy, yet its stock was punished so severely that it ended the day as the S&P 500’s biggest loser. The selloff was not about what the company has achieved so far, but about what investors fear it might not deliver a few…
The fight over who controls the ports at each end of the Panama Canal has erupted into a full‑blown geopolitical clash, with China warning that Panama will pay a “heavy price” after a court decision that President Donald Trump is touting as a strategic win. At stake is far more than a single concession: the…
The United States is deep in a housing crunch, but the country cannot even agree on how deep. Depending on which expert you ask, the nation is short a couple of million homes or closer to 20 million, a spread so wide it scrambles any sense of scale. That fog around the numbers is not…
Across much of the planet, people say the cost of living and shaky economies are the defining emergencies of their time. In the United States, a different answer keeps rising to the top: the political system itself. That split is more than a polling curiosity, it is a window into how Americans and the rest…
Global markets are shifting from quiet competition to open confrontation, and money itself is becoming a weapon. Ray Dalio is warning that the world is moving toward a “capital war” in which currencies, reserves, and payment systems are used to pressure rivals, and he argues that Gold is one of the few assets that can…
Pinterest is facing a backlash from its own workforce after firing engineers who tried to bring transparency to a fresh round of job cuts. The clash over an internal layoff tracker lands at a moment when executives across the industry are invoking artificial intelligence to justify restructurings, tighten control over data, and police internal dissent….
Elon Musk is trying to drag the cloud business into orbit, and the price tag is staggering. Analysts now estimate that his vision of vast SpaceX data centers circling Earth could require as much as $5 trillion in annual spending, a figure that would dwarf today’s entire global cloud and semiconductor markets. The plan hinges…
For decades, Wall Street and Big Law have quietly minted money by selling access to structured financial and legal information. Now a new generation of artificial intelligence is threatening to erode that advantage by learning directly from the raw text, filings, and contracts those firms once controlled. The same data that powered premium terminals and…
Google cofounder Sergey Brin has been linked to a $42 million mansion on the Nevada side of Lake Tahoe, a purchase that lands just outside the reach of California’s proposed “billionaire tax” on extreme wealth. The timing of that deal, alongside other moves by Brin and fellow Google cofounder Larry Page, has turned a luxury…
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