Money, Wealth & Power—A Daily Look at the Financial World
SpaceX is finally moving from rumor to reality on a public listing, and the numbers attached to that debut are unlike anything public markets have seen from a private tech company. At the same time, the potential valuation is so large that it could push Elon Musk’s personal fortune into uncharted territory and make the…
The United States is in the middle of its harshest wave of corporate job cuts since the first year of COVID, with 1.17 m positions wiped out in less than a year and a growing share of those losses tied directly to artificial intelligence. Behind that headline number sits a quieter crisis: billions of dollars…
The battle for Warner Bros. Discovery has turned into a proxy fight over who gets to define the future of streaming, with Wall Street, Silicon Valley, and the White House all hovering over the same asset. A hostile $108 billion push from Paramount collided with a friendlier, nearly $83 billion agreement with Netflix, and Jared…
General Motors is shutting the doors on America’s oldest operating auto plant, sending roughly 6,000 workers home and jolting a community that has organized its identity around the factory floor. The closure caps years of restructuring across the company’s North American footprint and raises a blunt question for workers and towns alike: what happens when…
Donald Trump is telling Americans to brace for an economic shift he says the country has “never seen,” and he is pairing that warning with a promise that some households could come out far richer if they position themselves correctly. As 2026 approaches, the stakes are not just political but deeply personal, from the size…
Starbucks is quietly turning one of corporate America’s most ambitious education perks into a central pillar of its talent strategy, expanding a free bachelor’s degree benefit just as enrollment jumps 60%. The company is betting that paying for a first-time Bachelor will not only change workers’ lives but also harden its own pipeline of future…
As artificial intelligence reshapes how I work, it is also quietly creating roles that did not exist a few years ago. Rather than simply replacing tasks, AI is spawning new specialties that blend technical fluency with human judgment, ethics, and communication. Looking ahead, I see at least four new jobs emerging as core pillars of…
Mark Zuckerberg spent more than a decade presenting himself as one of Silicon Valley’s most prominent champions of immigration reform. Now, in a quiet but consequential shift, he has severed financial ties with the very advocacy group he helped create to push that cause in Washington. The retreat raises pointed questions about how durable tech…
The U.S. is heading into 2026 with a labor market that looks oddly calm on the surface but feels anything but stable for workers. Hiring has slowed, layoffs are not exploding, and unemployment is drifting higher without the usual drama of a deep recession. I see a year taking shape where job seekers face a…
Elon Musk now sits on a fortune so large that even a sweeping, multi‑year baby bonus program would barely register on his personal balance sheet. A $1,000 payment for every newborn in the United States, repeated annually for four years, sounds like the kind of policy that would demand a vast new tax or a…