Money, Wealth & Power—A Daily Look at the Financial World
The wealthiest investors in the United States are quietly reshaping their portfolios, trimming exposure to stocks and building the largest cash buffers they have held in years. Their shift away from public markets is not a passing mood swing, it reflects a calculated response to market volatility, policy uncertainty, and a growing menu of alternatives…
President Donald Trump is telling Americans that inflation is “crushed” and that the only thing still climbing is their retirement balance. For anyone watching prices at the grocery store while their 401(k) statement finally looks healthy again, the reality feels more complicated. I want to unpack what the data actually shows about inflation, how strong…
The chief executive of Waste Management runs a company worth tens of billions of dollars, yet he has spent nights riding garbage trucks and sitting through 1 a.m. safety briefings to understand what his crews face on the street. His approach turns a routine utility business into a case study in how hands-on leadership, worker…
America’s silver story used to be simple: domestic mines and refiners could largely cover what industry and investors needed, and imports were a supplement rather than a lifeline. That balance has flipped, leaving the country exposed to volatile prices, fragile supply chains, and geopolitical shocks just as silver becomes more critical to clean energy and…
Bank of America is sifting through a tidal wave of Gen Z job seekers, and only a tiny fraction are making it through. Chief executive Brian Moynihan says the bank selected 2,000 recent graduates from a pool of 200,000 applications, a ratio that captures just how unforgiving the entry-level market has become. For many young…
Amazon’s internal projections about automation are unusually blunt: instead of simply trimming headcount at the margins, the company is mapping out how to redesign its warehouses so it never has to hire tens of thousands of people in the first place. The New York Times has now surfaced plans that point to a specific target,…
Across the United States, small businesses are entering the new year facing a policy shock that many owners say feels uncomfortably familiar. Instead of a virus, the threat now comes from a mix of tariffs, funding cuts and health cost spikes that rivals warn could hit local shops and factories as hard as the Covid…
Some of the most coveted metals on the planet are not just expensive, they are almost unimaginably scarce in Earth’s crust and in accessible ore deposits. Their rarity is rooted in deep planetary chemistry, violent stellar origins, and unforgiving economics that make them far harder to obtain than familiar names like gold or silver. I…
Layoffs used to be framed as a last resort, delivered face to face and wrapped in at least a gesture of gratitude. Now they arrive as calendar invites, system lockouts, and mass emails that treat people like line items. As companies lean on “modern” tools and euphemisms to cut costs quickly, many workers are discovering…
Shaquille O’Neal spent nearly two decades bullying defenders in the paint, but his most lucrative work has come far from the hardwood. Today his sprawling restaurant and franchise portfolio throws off more cash than his NBA paychecks ever did, turning a dominant center into a disciplined owner-operator. The numbers behind that shift tell a story…