Money, Wealth & Power—A Daily Look at the Financial World
The United States just received a brutal reminder that Bitcoin cuts both ways. A reserve that was meant to showcase Washington’s embrace of digital assets has seen nearly $5 billion in paper gains erased in a matter of days, as a violent crypto selloff ripped through markets and exposed how deeply public balance sheets are…
Inflation anxiety that dominated the early 2020s is giving way to something closer to relief, even as memories of price spikes still shape how Americans shop, save, and vote. At the same time, the Dow Jones Industrial Average has vaulted to record territory, with the Dow Jones Industrial Average crossing 50,000 and signaling a powerful…
President Donald Trump promised that his corporate tax overhaul would unleash a wave of investment and jobs. Buried in the fine print, it also delivered a quiet windfall to one of the country’s most powerful companies, Amazon, by sharply reducing what the retailer owes the federal government. The result is a multibillion dollar shift in…
Elon Musk has quietly handed over nearly $100 million in Tesla stock to charity, a move that instantly vaulted him into the upper tier of American givers for the year and trimmed a sliver off his vast fortune. The gift, disclosed only through regulatory paperwork, arrived at the very end of 2025, just as his…
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…