Money, Wealth & Power—A Daily Look at the Financial World
Oracle’s stock has been hammered, dropping 47% from its peak as investors question whether its aggressive artificial intelligence spending and new role in TikTok are worth the risk. The sell-off has turned a former market darling into a battleground name, with some on Wall Street now arguing the pessimism has gone too far. The key…
Tesla is no longer just tweaking its cars, it is rebuilding its entire business around artificial intelligence and humanoid robots, and spending like it intends to own the core technology that will power them. The company is pouring tens of billions of dollars into AI infrastructure, robotics hardware, and a new ecosystem of software that…
Representative Ro Khanna has become one of the most prominent national voices backing California’s proposed wealth tax on billionaires, aligning himself with organized labor even as some of his own Silicon Valley constituents revolt. Rather than brokering a formal deal between billionaires and unions, he is using his platform to pressure both sides in public,…
President Donald Trump’s hard line on immigration is no longer just a political fight in Washington. It is now a boardroom issue for some of the country’s biggest companies, as investors demand to know how aggressive enforcement and new rules are reshaping workforces, supply chains, and reputations. The result is a rare collision between shareholder…
Bitcoin’s latest lurch lower has revived the nightmare scenario that a cascade of forced selling could wipe out more than a trillion dollars in paper wealth in a matter of weeks. The fear is not just about price, but about what a violent unwind would do to investor psychology, regulatory plans, and the narrative that…
New York’s newest budget fight has quickly turned into a personal and political clash. Mayor Zohran Mamdani is warning that New York City faces a $12 billion shortfall and demanding higher taxes on the wealthy, while Gov. Kathy Hochul is publicly dismissing his alarm as a manufactured emergency and resisting his “tax the rich” drumbeat….
President Donald Trump has used a new opinion piece in the Wall Street Journal to claim that his sweeping tariffs did not just protect American industry, but “brought America back” from the brink. In the op-ed, he casts his trade policy as the central reason the United States went from what he calls a “DEAD”…
Millions of low income households are bracing for a sweeping overhaul of food assistance that experts say could sharply cut off access to groceries and deepen hunger across the country. The Trump administration’s new work rules for the Supplemental Nutrition Assistance Program are arriving at the same time that a massive funding reduction is baked…
The US money supply has quietly pushed to fresh records, and the scale of that shift is now colliding with stretched stock valuations in a way that is hard for Wall Street to ignore. Measures of M2, the broad gauge that tracks cash, checking, savings, and retail money market balances, are back at all‑time highs…
Karoline Leavitt’s rise from New Hampshire congressional hopeful to White House press secretary has unfolded under a cloud of unresolved campaign debt. Her failed House run did not just end with a loss at the ballot box, it left a six-figure tab that still hangs over her political brand and raises persistent questions about how…
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