Money, Wealth & Power—A Daily Look at the Financial World
Investors have been asking whether the artificial intelligence boom has already tipped into mania, but one influential market thinker argues the classic conditions for a true bubble are not fully in place. In his view, the missing ingredient could arrive if OpenAI goes public, turning a powerful narrative into a flood of new stock that…
President Donald Trump’s latest tariff moves are starting to ripple through store shelves, and the federal government’s tariff haul has reportedly plunged by about $3 billion as a result. With Tariff Revenue falling from earlier peaks and new refund promises tied to those duties, several everyday products are poised to get cheaper even as households…
Tech leaders are selling a vision in which artificial intelligence delivers limitless prosperity, shorter workweeks, and a world where creative pursuits replace drudgery. On the ground, many workers are instead watching their bargaining power erode as software quietly absorbs tasks that once justified middle class salaries. The gap between those two realities is becoming the…
California’s tech workforce is heading into 2026 on edge as Google, Amazon and Pinterest move ahead with fresh rounds of job cuts that hit the state’s core innovation hubs. The latest notices signal that the wave of tech layoffs that began earlier in the decade is not over, and that even well established giants are…
When a young clinician walks away from a secure medical career, the story usually ends with regret, not a unicorn-in-waiting. Dr. Thomas Kelly took the opposite path, quitting medicine to build a single AI tool that now anchors a healthcare startup valued at roughly $465 million. His company, Heidi Health, has turned one doctor’s burnout…
Cuba’s leadership turned subsidized Venezuelan crude into a lifeline of hard currency, even as ordinary families endured rolling blackouts, food shortages and failing infrastructure. The gap between the government’s oil trade and the reality in darkened neighborhoods now sits at the center of a regional crisis that stretches from Havana to Caracas, Mexico City and…
Michael Saylor built his reputation, and Strategy’s market identity, on the idea that Bitcoin is a once‑in‑a‑generation monetary asset worth betting the corporate balance sheet on. After the latest pullback, that bet is temporarily in the red, with the company’s massive stack now sitting below its aggregate purchase price. Yet the structure of Strategy’s financing,…
Public anxiety about artificial intelligence is no longer a niche concern, it is a political and social force that the biggest tech platforms can feel at their gates. When a leading AI founder warns that ignoring that anger will eventually bring a mob to your doorstep, he is not speaking in metaphors so much as…
Donald Trump’s family quietly agreed to sell nearly half of its flagship crypto venture to a powerful royal from the United Arab Emirates in a deal valued at $500 million, according to recent investigative reporting. The transaction handed a foreign intelligence heavyweight a major foothold in a business closely associated with the sitting president, while…
Elon Musk has thrown his considerable online weight behind Warren Buffett’s famously blunt “five minute” idea for fixing America’s deficit, turning a decade‑old sound bite into a fresh political flashpoint. The plan is brutally simple, it targets Congress directly, and it promises to bring America’s debt under control by changing the incentives that drive federal…