Money, Wealth & Power—A Daily Look at the Financial World
Warren Buffett told investors in 1999 that the stock market’s best days were behind it, arguing that two powerful tailwinds, falling interest rates and swelling corporate profits, had run their course. More than two decades later, his caution has resurfaced in his annual letters to Berkshire Hathaway shareholders, where he has acknowledged that “eye-popping” returns…
Blue Owl Capital Corporation II disclosed on February 17, 2026, that it had entered into loan sale agreements totaling $1.4 billion across its funds, a move that signals deepening stress inside the $3 trillion private credit market. The transaction, filed with the SEC, involved a retail-facing private credit vehicle grappling with liquidity mismatches between illiquid…
Tesla slashed Cybertruck pricing on Feb. 20, 2026, introducing a new dual-motor all-wheel-drive variant at $59,990 and cutting the top-tier Cyberbeast by $15,000 to $99,990. The catch: CEO Elon Musk said the pricing applies “only for the next 10 days,” turning a significant discount into a high-pressure sales event. The move signals that Tesla is…
A federal statute that many car buyers have never heard of gives them the right to sue a dealer who rolls back or misrepresents a vehicle’s odometer reading with the intent to defraud. Under 49 U.S. Code Section 32710, a private citizen can file a civil lawsuit and recover three times their actual damages or…
President Donald Trump’s 25% tariffs on imported automobiles and parts have pushed some new-vehicle sticker prices up by as much as $4,000, even as the share of domestically produced cars sold in the United States has climbed to roughly 55%. The price increases and the domestic-content shift are two sides of the same policy coin:…
Nvidia has placed a major bet on silicon photonics and co-packaged optics, a networking approach that uses light carried through silicon photonics to move data between switches and systems more efficiently than traditional electrical signal paths and pluggable optics. The company announced Spectrum-X Photonics and Quantum-X Photonics, two new networking switch platforms built on co-packaged…
Broadcom delivered a blockbuster fiscal fourth-quarter earnings report powered by surging AI chip demand, but a warning about near-term margin pressure triggered a sharp selloff in its shares and sent tremors across the broader tech sector. The results forced Wall Street analysts to revisit their models, with Bank of America among those reassessing its outlook…
Greg Beard took charge of the U.S. Department of Energy’s Office of Energy Dominance Financing on January 29, 2026, becoming the new director of what the agency calls the largest energy lender in the world. According to the department, the office now oversees more than $289 billion in available loan authority, positioning it as a…
More than four in ten U.S. employers are using or considering giving workers the same small raise regardless of performance, a compensation strategy known in HR circles as “peanut butter” increases because the money gets spread thin and even. Survey findings highlighted by Payscale suggest the approach is gaining traction as raise budgets tighten and…
Anthropic CEO Dario Amodei told the New York Times that office jobs across the United States face serious disruption from artificial intelligence agents, a warning that lands as federal labor data already shows automation eating into clerical employment. His remarks, published on February 12, 2026, align with a growing body of academic research mapping exactly…