Money, Wealth & Power—A Daily Look at the Financial World
Mark Zuckerberg has surged into fourth place on the global wealth league table, overtaking Jeff Bezos after a sharp market reaction to Amazon’s latest earnings. The reshuffle underscores how quickly fortunes can swing when tech giants miss expectations and investors reprice their faith in different business models. It also highlights the growing premium markets are…
Ray Dalio has spent decades trying to answer one question that obsesses every investor: how do you keep compounding through booms and busts without getting wiped out. His answer, refined across crises and bubbles, is a single rule that sits above all the others: build a portfolio of multiple, uncorrelated return streams so no single…
Jeff Bezos’ fortune is so large that it can feel abstract, a string of digits that might as well belong to another planet. Yet if I translate that wealth into something as concrete as a slice of Amazon stock for every person in the country, the numbers suddenly become personal, and the result is smaller…
President Donald Trump is suing the Internal Revenue Service and the Treasury Department for at least 10 billion dollars, even as he sits atop the very government he is trying to force to pay him. The case, built around the leak of his tax records, has now collided with basic questions of conflict of interest,…
Greg Abel has wasted little time putting his stamp on Berkshire Hathaway, quietly unloading a long-favored holding that Warren Buffett once championed. The move, coming just as Abel settles into the top job, signals that the long era of “do nothing” loyalty to legacy positions is giving way to a more active, even unsentimental, approach…
Larry Ellison and Jeff Bezos have become the most visible casualties of a sharp reset in investor expectations for artificial intelligence, with more than $66 billion in paper wealth erased from their fortunes in a matter of weeks. The rout has hit precisely the companies that spent the past two years selling Wall Street on…
President Donald Trump has signed a new order that dramatically expands how much low-tariff Argentine beef can enter the United States, effectively quadrupling the quota for cheaper imports. The move is framed by the White House as a way to keep burgers and other beef products affordable at a time of tight domestic supply, but…
Oil markets are entering 2026 with a paradox that should worry drivers as much as drillers: forecasts point to a glut of crude, yet a leading economist is warning that a financial squeeze on Big Oil could still choke future supply and send gasoline prices sharply higher. The tension between today’s comfortable inventories and tomorrow’s…
The United States just watched a wave of clean energy investment evaporate. Companies walked away from more than $34 billion worth of projects, shelving factories, wind farms, solar arrays, and battery plants that were supposed to anchor the next generation of the power system. The result is a sudden reversal in a sector that had…
More than $1 trillion in market value has evaporated from the world’s largest technology companies in a matter of days, as investors abruptly reassess how much artificial intelligence growth they are willing to pay for. At the center of the rout is Amazon, which has seen nearly $240 billion wiped from its valuation after unveiling…