Money, Wealth & Power—A Daily Look at the Financial World
Teenagers have always been a leading indicator of where the digital economy is heading. They shape social media trends, drive viral content, and often determine which platforms thrive — and which fade away. However, recent studies indicate that Elon Musk’s X (formerly Twitter) is quickly losing relevance with this critical demographic, which could have serious…
Layoffs are looming, the economy feels like it’s teetering, and Gen Z is freaking out. Their solution? Showing up to the office in the same outfit every day, channeling Steve Jobs in a bid to feel some control. Forget the “office siren” vibes or risky crop tops—those got people fired in 2024. Now, younger workers…
Eric Trump and Donald Trump Jr. are jumping into the Bitcoin mining game, partnering with Hut 8 to kick off a new outfit called American Bitcoin. Announced on March 31, this deal sees Hut 8 handing over most of its mining gear to American Data Centers—a group backed by the Trump brothers and other investors—in…
A Discovery of Unprecedented Scale A massive iron ore deposit in Western Australia’s Hamersley region has turned heads—55 billion metric tons, valued at $5.7 trillion. It’s the biggest find ever, rewriting what geologists thought about iron formation timelines, pushing the date back to 1.4 billion years from 2.2 billion (Source: Daily Galaxy). This could lock…
For years, being featured on Forbes’ “30 Under 30” list was seen as a golden ticket to credibility, funding, and fast-tracked success. But lately, it’s starting to feel more like a red flag. The latest name to crash and burn? Charlie Javice—founder of the college financial aid startup Frank—who was just convicted of defrauding JPMorgan…
Elon Musk and Mark Zuckerberg are having a rough stretch, and it’s not just their companies feeling the heat. Tesla’s sales are sliding—down 35% in San Diego alone, a spot that used to be a goldmine for the electric car giant (Source: FOX 5 San Diego). Meanwhile, Zuckerberg’s Meta just got snubbed by FuriosaAI, a…
Johnson & Johnson is making a massive bet on American soil. Over the next four years, the healthcare giant plans to invest more than $55 billion in the United States, a move that signals both strategic positioning and political compliance. With the threat of tariffs hanging over pharmaceutical imports, J&J is playing offense—prioritizing domestic manufacturing…
The IRS has long been criticized for outdated systems, bloated budgets, and inefficiencies that wouldn’t fly in the private sector. Now, DOGE—a Trump-backed spending watchdog with ties to Elon Musk—says it has helped eliminate $1.5 billion in waste from the IRS’s modernization efforts. According to Sam Corcos, CEO of health tech company Levels and a…
Empty egg shelves are becoming a familiar sight in grocery stores across the U.S., and it’s not just your local chain running low. A widespread bird flu outbreak wiped out nearly 19 million birds in January alone, sending egg prices through the roof and leaving supply lines scrambled. Some breakfast spots are even charging an…
Sam Altman, the head of OpenAI, recently took to the internet with a plea: “Can y’all please chill on generating images? This is insane, our team needs sleep.” He’s not exaggerating—ChatGPT’s image-making feature, powered by the latest GPT-4o release, has users hammering the system so hard that “GPUs are melting” under the load. To keep…