Money, Wealth & Power—A Daily Look at the Financial World
Apple has just written its biggest acquisition check in more than a decade, snapping up Israeli AI startup Q.ai in a multibillion dollar deal that instantly ranks as its second-largest purchase after Beats. The move signals that the company is no longer content to let rivals define the future of AI hardware and instead wants…
Microsoft’s sudden stock slump has turned a long-simmering worry into a flashing red warning light for artificial intelligence investing. A company that was treated as the safest way to ride the AI wave just erased hundreds of billions of dollars in value in a matter of hours, exposing how fragile the story can look once…
Software investors just watched a market darling turn into the face of a selloff. ServiceNow’s double‑digit slide has become shorthand for a broader rout in enterprise software, as traders suddenly price in the risk that artificial intelligence could compress margins, shorten product cycles, and upend long‑standing subscription models. The move has pushed a wide swath…
Investors just watched two of the world’s most closely watched tech giants move in opposite directions. Meta stock rocketed higher while Microsoft slumped, even though both companies are pouring money into artificial intelligence and reporting solid headline numbers. The split is less about who is “winning” AI and more about how clearly each company is…
The United States is racing to build a new fleet of gas-fired power plants to feed artificial intelligence, turning server farms into one of the most powerful forces reshaping the grid. The boom promises faster chatbots and smarter cars, but it also locks in decades of fossil fuel use at the very moment scientists say…
Microsoft’s latest earnings jolt has turned a long‑running wobble in software into a full‑blown rout, wiping out hundreds of billions of dollars in market value and pushing the sector into a classic bear market. The company beat Wall Street’s headline expectations, yet its heavy spending on artificial intelligence infrastructure and a softer cloud outlook were…
Seattle’s long tech boom is colliding with a sharp new reality, as mass layoffs, rising Unemployment and a chill in hiring unsettle a city that once seemed insulated from downturns. The shift is most visible in the shadow of Amazon’s headquarters, where thousands of corporate workers are being cut even as the company posts strong…
Dow is preparing one of the largest workforce reductions in its modern history, cutting 4,500 jobs as it pivots aggressively toward artificial intelligence and automation. The move signals how deeply digital tools are reshaping even the most traditional corners of heavy industry, with software now treated as a core production asset alongside reactors and railcars….
Tesla has finally hit a wall that critics long predicted, logging its first annual revenue decline just as Elon Musk moves to scrap the company’s most recognizable luxury electric vehicles. Revenue slipped even as Musk doubled down on a risky bet that the future of the business lies not in cars but in humanoid robots…
New York City’s new mayor, Zohran Mamdani, is opening his term with a blunt message to the richest residents and corporations: the city’s $12 billion budget hole will be filled from the top. He is demanding higher taxes on wealthy New Yorkers and large firms to stabilize services and undo what he brands as a…
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