Money, Wealth & Power—A Daily Look at the Financial World
Jefferies has just delivered one of the starkest institutional warnings yet that quantum computing is no longer a distant abstraction for digital assets. By scrapping a sizeable bitcoin position and shifting the capital into gold, the firm’s top strategist has turned a technical security debate into a live asset allocation decision for mainstream portfolios. The…
Canada has stunned Washington by tearing up its own copy of the US playbook on Chinese electric vehicles, replacing a 100% wall of tariffs with a near single-digit duty. Instead of matching the United States’ hard line, Ottawa has opted to welcome a limited wave of low-cost Chinese EVs in exchange for better access for…
Nancy Pelosi is concentrating a striking share of her wealth in two familiar tech giants, turning Microsoft and Alphabet into cornerstone income plays rather than just growth vehicles. Her latest disclosures show a deliberate tilt toward these dividend payers, signaling that even one of Washington’s most closely watched investors is leaning into big-tech cash returns…
Foreign demand for United States government IOUs has never been higher, even as the country’s overall borrowing soars to levels that would once have been unthinkable. Global investors now hold a record pile of Treasurys, roughly matching the “global cash stampede” implied in the headline, even while the national debt races past $38 trillion and…
Jamie Dimon has spent years batting away speculation that he might swap Wall Street for Washington, but his latest comments draw the line more sharply than ever. He is adamant there is “absolutely, positively no chance” he will run the Federal Reserve, yet he has also made clear that a call about the Treasury Department…
Chip makers jolted markets higher in a burst of preholiday trading, yanking the 500 back from an early wobble and turning a choppy session into a broad-based win for risk assets. A powerful rebound in semiconductor names, combined with easing energy prices and resilient demand for artificial intelligence hardware, helped the benchmark index shrug off…
Oil’s latest slide has been driven less by barrels and more by words. Crude futures dropped about 4% after President Donald Trump signaled he was stepping back from threats of an immediate America military strike on Iran, abruptly cooling a risk premium that had built up over fears of a wider conflict in the Gulf….
Elon Musk is no longer just talking about universal basic income. He is now sketching a future in which artificial intelligence and robots generate so much wealth that a “universal high income” covers housing, food, healthcare and more, making traditional retirement saving almost beside the point. The idea sounds utopian, but it also raises sharp…
Nvidia stock has jolted higher again, catching the eye of anyone watching the artificial intelligence trade. The move reflects a rapid reset in expectations around AI spending, chip supply, and how long Nvidia can keep dominating the most lucrative corner of the semiconductor market. I see the latest pop less as a one-off spike and…
Nvidia’s status as the market’s defining artificial intelligence hardware play is now being matched by a renewed show of confidence from Wall Street. Baird has reiterated its positive stance on NVDA and set a fresh price objective of $275, arguing that the company’s advantage is no longer just about chips but about the breadth of…