Money, Wealth & Power—A Daily Look at the Financial World
Oil traders are suddenly being asked to imagine a world where crude prices are cut in half, not by a shock collapse in demand, but by a deliberate flood of new supply. JPMorgan is floating a scenario in which benchmark prices could slide more than 50 percent within two years, a move that would reshape…
Treasury Secretary Scott Bessent has put a firm timeline on one of the biggest open questions in economic policy, saying President Donald Trump is likely to select a new Federal Reserve chair by Christmas. That signal compresses the political and market calendar, turning what is usually a drawn-out vetting process into a sprint with major…
Nvidia is trying to slam the brakes on talk that the artificial intelligence boom is a speculative mirage. As critics warn of an “AI bubble” and social media conspiracists compare the chip giant to Enron, the company is mounting a full-throated defense of both its business model and its accounting. The stakes are enormous, not…
Policymakers keep reaching for the minimum wage as a quick fix for rising prices, but the mechanics of inflation do not bend that easily. Higher pay can help low earners catch up to past price spikes, yet it does little to restrain the forces that are actually pushing the cost of living higher. Why inflation…
Liz Truss has re-emerged in public life not with a policy platform but with a pitch: an exclusive investment tied to a luxury workspace aimed squarely at the ultra-wealthy. Her new role fronting a high-end redevelopment of a former security service headquarters crystallises how a short, turbulent spell in office has given way to a…
Even with Mortgage interest rates predicted to test painful highs, there are still concrete economic wins in mortgages and jobs to be thankful for. Recent reporting on artificial intelligence in housing finance points to faster approvals, new tech roles and smarter risk tools that can cushion households and workers against volatility. I look at five…
Alphabet’s market value is pressing against the $4 trillion mark, powered by a renewed conviction that its artificial intelligence hardware can become a profit engine in its own right. As investors reassess what the company’s custom chips might be worth, Morgan Stanley’s bullish math on future unit sales is giving fresh fuel to a stock…
Urban Outfitters is learning that shoppers will tolerate higher prices, but only on their own schedule. Customers are stretching out the time between purchases and waiting for promotions, yet the retailer has not seen the kind of broad price revolt that might force a full reset of its strategy. That tension, between delayed buying and…
Bitcoin’s latest selloff has rattled even seasoned crypto traders, but the scale of the damage depends very much on where you look. Prices have fallen sharply from recent peaks, large chunks of capital are sitting in the red, and sentiment has cracked, yet the market is also showing signs of stabilizing and even staging a…
Nvidia’s latest slide has rattled the market, but the sharp move looks less like a verdict on the company and more like a rush for the exits. Jim Cramer is arguing that the selling is being driven by fear rather than any collapse in the chipmaker’s core business, and he is openly framing the drop…