Money, Wealth & Power—A Daily Look at the Financial World
Jamie Dimon has never been shy about warning of storms on the horizon, but his latest language is stark even by his standards. The JPMorgan Chase chief executive has argued that World War III has effectively already started, driven by a web of conflicts and nuclear brinkmanship that he now ranks as a greater danger…
Chicago is staring at a $1.15 billion budget gap for 2026 while its own workforce is sitting on $23.5 million in unpaid tickets, water bills and other fees. The numbers do not come close to balancing out, but together they expose a deeper problem of credibility and enforcement inside City Hall. If the people who…
Elon Musk has turned his fire on Washington’s balance sheet, arguing that America’s swelling national debt is no longer just a long‑term worry but an imminent threat. With the total burden already past $38.56 trillion and annual interest costs overtaking the military budget, he is now warning that without a radical productivity leap from artificial…
Microsoft has just suffered the kind of gut punch that rattles even seasoned investors: the stock plunged 11.7% in a single session, its worst fall since the Covid panic, wiping out more than $440 Billion in market value virtually overnight. The sell-off came even though the company beat headline earnings expectations, a reminder that in…
President Donald Trump is treating the Dow Jones Industrial Average’s surge past 50,000 as a personal vindication, casting the milestone as proof that his tariff-heavy trade strategy is working. He is now openly talking about the Dow hitting 100,000 points by the time he leaves office in January 2029, folding that audacious target into a…
Across the country, small business owners are discovering that the promises of a boom under President Donald Trump have curdled into a grind of higher costs, unstable rules, and shrinking support. From tariffs that jack up input prices to cuts at the very agency meant to help entrepreneurs, the policy mix coming out of Washington…
An Australian AI infrastructure specialist backed by Nvidia has just secured one of the largest private debt packages the sector has seen, a $10 billion loan arranged by Blackstone and Coatue Capital. The financing gives Firmus Technologies a war chest to build out massive data center capacity tailored to energy-hungry AI workloads, turning a once-niche…
Tesla is preparing to spend more than it ever has, shifting from a pure-play electric car maker into what Chief Executive Officer Elon Musk describes as an artificial intelligence and robotics powerhouse. The company is lining up about 20 billion dollars of capital expenditure to chase robotaxis, humanoid robots and the computing infrastructure that ties…
Alphabet is testing the outer limits of corporate finance, pairing a massive $20 billion bond sale with plans for an ultra-rare 100-year security. The parent of Google is using its balance sheet strength and investor hunger for Big Tech exposure to lock in long-term money just as the artificial intelligence race demands unprecedented capital. The…
The latest plunge in Bitcoin has rattled even seasoned traders, but one of Wall Street’s most famous value investors is treating the slide as a buying opportunity, not a warning sign. Billionaire Bill Miller is arguing that the leading cryptocurrency has already found its floor around $60,000, framing the recent volatility as a stress test…