Money, Wealth & Power—A Daily Look at the Financial World
Jefferies has just delivered one of the starkest institutional warnings yet that quantum computing is no longer a distant abstraction for digital assets. By scrapping a sizeable bitcoin position and shifting the capital into gold, the firm’s top strategist has turned a technical security debate into a live asset allocation decision for mainstream portfolios. The…
Donald Trump’s tariff salvos at close allies are reshaping the global trade map, and nowhere is that clearer than in the sudden warmth between Ottawa and Beijing. Faced with new barriers on everything from cars to canola, Canada is moving to lock in a strategic partnership with China that would have been politically unthinkable a…
President Donald Trump is recasting himself as a consumer crusader, targeting the fees, interest charges and investment strategies that have long powered Wall Street’s earnings. His affordability push now stretches from credit cards to single-family homes, promising relief for households squeezed by high prices while unsettling banks, private equity firms and institutional landlords. The political…
Former OpenAI CTO Mira Murati built Thinking Machines into a $12 billion symbol of the AI boom, but a sudden wave of departures has turned her showcase lab into a case study in how fragile that success can be. Co-founders, senior scientists, and rising stars are streaming out to rivals just as the company chases…
Stock splits are back in fashion, and one name keeps surfacing whenever investors talk about the next big move: Meta Platforms. Since its market debut, the social media and advertising powerhouse has delivered roughly a 1,550% gain, turning early believers into long-term winners and putting it squarely in the conversation as a potential 2026 stock-split…
Amazon is closing in on a milestone that would have sounded outlandish a decade ago: becoming the first company in the United States to generate one trillion dollars in annual sales. The path to that figure runs through a decade of relentless expansion in retail, logistics and cloud computing, and a recent acceleration in both…
Crypto traders spent the week watching a legislative calendar instead of a price chart, and they did not like what they saw. A key United States market structure bill that was supposed to clarify how digital assets are regulated instead became a fresh source of uncertainty, and the result was a sharp slide in prices…
Walmart is turning the most stressful part of grocery shopping, the checkout line, into a test bed for artificial intelligence that does the work of a human cashier and a personal shopper at once. Instead of tapping through menus or scanning every barcode alone, customers are being handed over to AI “agents” that can guide…
A mega-operator behind more than 130 Popeyes restaurants in the Southeast has fallen into Chapter 11, exposing how fragile even the biggest fast-food franchise empires can be when debt, rising costs, and legal fights collide. The collapse of Sailormen Inc., a long‑time powerhouse in the Popeyes system, now hangs over workers, landlords, and lenders from…
Tesla has secured an extra five weeks to answer detailed questions from U.S. auto safety regulators about how its Full Self-Driving system behaves in real traffic, buying time as it combs through more than 8,000 potential violations. The National Highway Traffic Safety Administration’s decision to extend the deadline keeps pressure on the company while also…