Money, Wealth & Power—A Daily Look at the Financial World
Janus Henderson is set to leave the public markets in a landmark private equity style transaction that values the investment manager at $7.4 billion and hands control to activist powerhouse Trian and growth investor General Catalyst. The all cash deal caps years of pressure on traditional asset managers to scale up, modernize their technology and…
Thiel-backed digital bank Erebor is preparing to vault into a higher league of fintech valuations, targeting a new price tag of $4.35 billion on the back of fresh capital and hard-won regulatory approvals. The move signals how aggressively Silicon Valley founders and investors are still willing to bet on banking startups that promise to blend…
The Trump administration is betting that a new, ultra‑expensive visa pathway can turn immigration into a direct profit center for the federal government. Branded the Trump Gold Card, the program invites wealthy foreigners to pay seven‑figure fees in exchange for a fast track to live and invest in the United States, with officials arguing that…
The battle for Warner Bros. Discovery has turned into a proxy fight over who gets to define the future of streaming, with Wall Street, Silicon Valley, and the White House all hovering over the same asset. A hostile $108 billion push from Paramount collided with a friendlier, nearly $83 billion agreement with Netflix, and Jared…
Mark Zuckerberg spent more than a decade presenting himself as one of Silicon Valley’s most prominent champions of immigration reform. Now, in a quiet but consequential shift, he has severed financial ties with the very advocacy group he helped create to push that cause in Washington. The retreat raises pointed questions about how durable tech…
SpaceX is quietly turning Tesla’s most polarizing pickup into a fleet workhorse, ordering well over a thousand Cybertrucks at a moment when retail buyers are pulling back. The scale of those internal purchases is large enough to move Tesla’s sales needle on its own, raising questions about where genuine demand ends and corporate self-dealing begins….
Amazon is preparing a logistics shakeup that could pull a $6 billion revenue stream away from the U.S. Postal Service and force as many as 6.3 billion packages a year onto new routes. The potential breakup would unwind a decades long alliance that helped both sides dominate American e‑commerce delivery and everyday mail service. I…
Yann LeCun is trying to bend the rules of startup gravity. Before his new artificial intelligence company has a product, a public launch, or even a fully visible team, he is already aiming for a multibillion dollar valuation that would put the venture in the same league as some established AI players. The move tests…
Tech’s richest founders are circling the next big frontier in physics, and the Future Circular Collider at CERN is rapidly becoming the focal point of that interest. While a specific $1 billion pledge from tech billionaires is unverified based on available sources, the scale of private wealth now eyeing deep science, combined with CERN’s own…
TikTok has agreed to carve out its American business into a new venture controlled by Oracle and a group of United States investors, a move designed to keep the app running in its largest market while satisfying national security hawks in Washington. The deal effectively approves a sale of TikTok’s U.S. unit into a complex…