Money, Wealth & Power—A Daily Look at the Financial World
Ford is staring at a rare kind of supply chain crisis, with a second blaze in roughly two months at a critical aluminum supplier now threatening to turn a manageable disruption into a multibillion dollar earnings drag. The company has already warned that the first incident could slice as much as $2 billion from profit,…
Big Tech’s artificial intelligence boom is being sold as a revolution in productivity, but the numbers suggest it is also a carefully engineered financial machine. Michael Burry has zeroed in on how a handful of platforms are using AI narratives, accounting choices, and capital spending cycles to magnify reported profits and market power in ways…
Bill Ackman is preparing to take his flagship hedge fund business to the public markets, potentially giving everyday investors a rare way to buy into one of Wall Street’s most closely watched managers. The plan centers on a new listed vehicle and a possible firm-level float in 2026, raising the question that matters most to…
Artificial intelligence is no longer just a buzzword in software, it is rapidly reshaping the physical grid that keeps the lights on. As tech companies race to build bigger and more powerful data centers to train and run AI models, the electricity demand behind that boom is starting to filter into household power bills. I…
Artificial intelligence is no longer a distant threat to the labor market; it is already capable of automating a sizable slice of work that people in the United States are paid to do today. New research from the Massachusetts Institute of Technology estimates that existing AI systems could technically handle tasks equivalent to 11.7% of…
Policymakers keep reaching for the minimum wage as a quick fix for rising prices, but the mechanics of inflation do not bend that easily. Higher pay can help low earners catch up to past price spikes, yet it does little to restrain the forces that are actually pushing the cost of living higher. Why inflation…
Skipping work has become an art form, and the most common lies people tell to get out of a shift are surprisingly predictable. From sudden illnesses to elaborate stories about professional development, these excuses reveal as much about workplace culture as they do about individual behavior. I will walk through the 10 most common lies…
SoftBank has just delivered one of the starkest reminders yet that even the loudest AI narrative cannot defy gravity in public markets. After a feverish run-up on the promise of artificial intelligence, the group has now seen its shares sink roughly 40% from their recent peak as investors reassess the risks of its concentrated bets….
Europe’s methodical approach to artificial intelligence is often framed as a drag on innovation, yet the same caution is quietly shaping a distinctive competitive edge. By forcing hard choices on safety, transparency and data rights early, European policymakers are building an AI market that may scale more slowly but could prove more resilient, trusted and…
Liz Truss has re-emerged in public life not with a policy platform but with a pitch: an exclusive investment tied to a luxury workspace aimed squarely at the ultra-wealthy. Her new role fronting a high-end redevelopment of a former security service headquarters crystallises how a short, turbulent spell in office has given way to a…