Money, Wealth & Power—A Daily Look at the Financial World
The AI buildout is not just minting fortunes in Silicon Valley boardrooms, it is rewriting pay scales on dusty job sites where data centers rise out of farmland and exurbs. As hyperscale facilities multiply to feed machine learning models, the tradespeople who pour the concrete, pull the wire, and install the cooling systems are suddenly…
Elon Musk is once again trying to reset expectations about what a “job” even means, arguing that artificial intelligence and robotics will advance so quickly that most people will not need to work at all within the next two decades. Instead of scrambling for a paycheck, he envisions a world where income is guaranteed, labor…
Ford is tallying the damage from a sprawling parts theft scandal that investigators say ran through its own assembly lines and warehouses, costing the automaker millions and exposing gaps in how it tracks high‑value components. The alleged schemes, tied to at least one former employee and a Michigan family, have forced the company to confront…
Japan’s once sleepy bond market is suddenly at the center of global risk, and the quiet mechanics of the yen carry trade have burst into public view. As yields rise and the cost of borrowing in yen climbs, Robert Kiyosaki is arguing that a decades long credit boom has hit a breaking point and that…
Across industries, workers are bracing for layoffs at the same time that everyday expenses keep climbing, a combination that is forcing people to rethink not just where they work but what they want from their careers. Instead of chasing linear promotions, more employees are weighing stability, flexibility and financial security against burnout and constant uncertainty….
Eli Lilly is cutting what self-paying patients shell out for its blockbuster obesity drug Zepbound when they buy single-dose vials directly through its own online pharmacy. The move reshapes the cash market for GLP-1 weight-loss drugs, tightening pressure on rivals and testing how far manufacturers will go to answer political and public anger over sky-high…
Instagram is scrapping its hybrid experiment and telling most of its United States workforce to prepare for a full return to the office in 2026, with chief Adam Mosseri warning that the coming year will be “tough.” The shift to a five‑day, in‑person schedule marks one of the most aggressive reversals of Work From Home…
Prices that climb month after month feel like a slow tax on daily life, from the grocery aisle to the rent bill. Yet history shows that the real economic wrecking balls are often the sudden crashes, when asset values, wages or jobs fall faster than households can adjust. I want to unpack why steady increases…
Tariffs are quietly reshaping the cost of the holidays, pushing up prices on everything from twinkling lights to the gadgets under the tree. Instead of absorbing those increases, retailers are passing them along, which means some of the most traditional seasonal buys now come with a hidden premium. If I want to keep my budget…
NASA has effectively stepped back from a flagship commercial spaceplane it once touted as part of the future of space station logistics, reshaping the trajectory of a program that has absorbed roughly a billion dollars in public and private money. Instead of flying a full slate of cargo missions to the International Space Station, Dream…