Money, Wealth & Power—A Daily Look at the Financial World
Elon Musk has quietly written another eight-figure check into the 2026 midterm cycle, a fresh $10 million aimed at keeping Republicans in charge of Congress. The move confirms that the billionaire is not just dabbling in politics but positioning himself as a central financier of the party’s power structure, even after publicly musing that he…
The hottest trade in markets is starting to look fragile in all the wrong places. Nvidia and Oracle, two of the most visible beneficiaries of the artificial intelligence boom, are now signaling that the financing and demand assumptions behind the AI buildout may be less bulletproof than investors once believed. Their latest moves around OpenAI,…
Internal combustion engines once defined the modern car industry, but the center of gravity is shifting fast. Global automakers are carving out timelines to end new gasoline and diesel models, governments are locking in phaseout dates, and investors are rewarding companies that treat electric drivetrains as the default rather than the niche. The gas era…
US and European carmakers have collectively torched $114 billion chasing an electric future that stubbornly refuses to arrive on schedule. What was sold as a smooth, inevitable transition has instead become a costly lesson in how fast political fashion and boardroom hype can outrun consumer reality. The result is a historic capital misfire that is…
President Donald Trump’s decision to tap Kevin Warsh as the next chair of the Federal Reserve is not just a political or Wall Street story. It is a direct line to what happens to your savings account, your credit card bill, and the size of your paycheck over the next few years. The person who…
Bitcoin’s latest plunge has shattered the aura of invincibility that built up during its long bull run under President Donald Trump and beyond. Instead of erasing every dollar of appreciation since 2017, the crash has wiped out the bulk of the speculative premium that turned a niche asset into a global phenomenon, leaving prices far…
Donald Trump’s former top economic adviser is sounding an alarm that cuts against the usual victory laps about growth and markets. Gary Cohn, who once helped sell the promise of broad prosperity, now argues that the United States has split into a “K-shaped” economy where asset owners surge ahead while workers struggle to cover the…
Copper has exploded into the spotlight, sprinting to record territory alongside gold and silver as investors crowd into metals. The red metal has surged on a mix of supply shocks and future‑facing demand from electric vehicles, grids, and artificial intelligence, then lurched into a sharp pullback that has left traders debating whether this is a…
Wall Street’s biggest worry is no longer a looming recession or a collapse in corporate profits. The new fear is that the market itself has become structurally fragile, with a handful of crowded trades and policy-sensitive assets capable of triggering sudden, self-reinforcing selloffs. Instead of asking whether the economy will slow, investors are increasingly asking…
SpaceX is racing toward a 2026 public listing with expectations that Starlink will be the engine behind a potential trillion‑dollar valuation. For investors, the satellite internet unit looks like a pure growth story, but the reality in orbit is far more complex than a simple subscriber chart. Before buying into the hype, I see three…