Money, Wealth & Power—A Daily Look at the Financial World
American Bitcoin has quietly become one of the most closely watched corporate holders of Bitcoin, and its latest purchase underlines why. The Trump-backed miner added 416 BTC to its balance sheet, lifting total reserves to 5,843 BTC and signaling that its treasury strategy is built around aggressive accumulation rather than short term trading. For investors…
On paper, the United States is enjoying a powerful rebound, with headline growth, solid hiring and confident forecasts all pointing to a “booming” economy. Yet for millions of households, the lived reality is a grinding affordability crisis that makes that boom feel like a mirage. The gap between the glossy numbers and everyday life is…
California is racing toward a high-stakes showdown over whether to slap a new levy on its richest residents just as some of those fortunes are already heading for the exits. A proposed wealth tax aimed squarely at billionaires has split Democrats, rattled Silicon Valley and drawn in some of the country’s most powerful unions. At…
The Federal Reserve has chosen to hold its benchmark interest rate in a range of 3.5 to 3.75 percent, resisting direct pressure from President Donald Trump to ease more aggressively even as major stock indexes flirt with or surpass record highs. The move underscores a widening gap between a White House eager for cheaper money…
New York City’s new mayor is betting that the way out of a deep fiscal hole runs straight through the bank accounts of its wealthiest residents. Facing a projected $12 billion deficit and a fragile recovery in public services, Zohran Mamdani is pushing a steep tax increase on high earners as the centerpiece of his…
Investors entered 2026 riding a powerful bull market and a wave of optimism about earnings, but that confidence is colliding with a stark warning from Federal Reserve Chair Jerome Powell. After a year in which major indexes surged and valuations stretched, Powell has signaled that equity prices look expensive and that policy makers are in…
The race to build the infrastructure behind artificial intelligence has turned a handful of chip specialists into market barometers, and Nvidia sits squarely at the center of that storm. As demand for AI training and inference explodes, one of Nvidia’s closest partners has suddenly become a focal point for investors trying to gauge how far…
Warren Buffett has repeatedly argued that the most reliable income streams come from simple, productive assets that quietly compound for decades. In his letters, he has singled out two personal investments whose cash flows he expects will “probably increase in the decades to come,” and I see those examples as a practical roadmap for anyone…
Morgan Stanley has delivered a stark reality check to Tesla investors just as the electric car maker heads into a closely watched earnings report. The bank’s new view suggests that the market has already priced in a best‑case future for Tesla’s artificial intelligence and robotics ambitions, leaving little margin for disappointment in the near term….
Bitcoin’s latest pullback has revived an old fear in crypto markets: that one decisive breakdown could end the current cycle in brutal fashion. The idea that Bitcoin “is done” if it loses a specific price zone is not just social media hyperbole, it reflects how tightly sentiment, leverage and long term narratives are now tied…