Money, Wealth & Power—A Daily Look at the Financial World
The new space race is no longer a one‑horse show. While Elon Musk’s SpaceX dominates launch and satellite headlines, a cluster of rivals is quietly building rockets, spacecraft and networks that could reshape how investors gain exposure to orbit. I will walk through seven key competitors taking on Musk in launch and satellite services and…
Wealthy Californians are not just booking weekend trips to Las Vegas, they are quietly uprooting their lives and balance sheets and planting them across the state line. The draw is not the slots or the Strip, but a radically different tax code, legal environment, and cost structure that is reshaping where the richest Americans choose…
Wall Street is about to confront a merger so large and so unusual that it will effectively test whether public markets are ready to bankroll a vision of space-based internet fused with frontier artificial intelligence. By folding his rocket company into his AI startup at a valuation of $1.25 trillion, Elon Musk is turning Starlink’s…
The United States is preparing to send a large new wave of taxpayer money to the United Nations, reversing a period of withheld dues and deep cuts that pushed the world body toward a budget crisis. The move will not only start chipping away at arrears that run into the billions, it will also lock…
US lawmakers were expected to push a sweeping cryptocurrency framework over the finish line, only to pull back at the last moment with a blunt message: they “unfortunately can’t support” the package in its current form. The sudden reversal has exposed deep fractures between banks, digital asset firms, and regulators at the exact moment the…
The global electric car boom that was supposed to redefine the auto business is suddenly looking fragile. After years of being told that battery vehicles were an unstoppable, “inevitable” replacement for gasoline, the industry is confronting slowing sales growth, collapsing margins and a brutal reset of expectations. The panic is not about whether EVs have…
President Donald Trump’s One Big Beautiful Bill has reshaped how state residents experience federal taxes, and some places are clearly coming out ahead. I look at where households are seeing the largest direct savings and how the bill’s design, especially its treatment of SALT and refunds, channels the biggest benefits. These six states are cashing…
The world’s diplomatic map is being redrawn in the space between two superpowers. As the rivalry between the United States and China hardens into a long term feature of global politics, a cluster of “middle powers” is quietly building its own web of cooperation, from critical minerals to nuclear diplomacy. Rather than choosing sides, these…
Artificial intelligence just delivered one of the sharpest gut punches to markets since the early pandemic panic, vaporizing roughly $400 billion in software and tech value in a matter of days. The trigger was not a scandal or a regulatory shock, but the debut of a single workplace AI assistant and a wave of copycat…
The US dollar has slipped to a four‑year low, down about 11% over the past year, turning the world’s most important currency into a quiet but powerful force in household budgets. That slide is already lifting prices on imported goods and nudging inflation expectations higher, even as policymakers debate whether a softer currency can help…