Money, Wealth & Power—A Daily Look at the Financial World
Most companies are pouring money into artificial intelligence and getting little more than expensive prototypes in return. Studies of generative AI projects repeatedly land on the same brutal figure: around 95% of initiatives fail to produce measurable financial gains, even as spending climbs into the tens of billions of dollars. Yet a small minority of…
Corning has spent 175 years quietly mastering glass and materials science, and that patience just paid off in a very modern way. The company has secured a multiyear agreement worth up to $6 billion to supply fiber infrastructure for Meta’s next wave of AI-ready data centers across the United States. The deal turns a legacy…
Citigroup is moving at unusual speed to prepare its workforce for artificial intelligence, putting 175,000 employees through mandatory training before automation rewrites what many of them do for a living. The bank is not just dabbling in new tools, it is trying to rewire how a global financial giant works day to day, from back-office…
Tesla’s once untouchable aura as the default electric car brand has taken a sharp hit. In 2025, the company’s brand value dropped by 36%, erasing roughly $15 billion and underscoring how quickly public perception can shift when a founder’s persona begins to overshadow the product. The slide capped a three year stretch of erosion that…
Newly released accounts from the United Kingdom show just how severe the financial damage has been to Elon Musk’s social network. X’s British arm recorded a 58% collapse in revenue in 2024, a far steeper fall than many analysts had expected and a stark indicator of how fragile the platform’s advertising base has become. The…
The warning from a top economist that President Donald Trump’s policies are steering the United States toward a full blown financial crisis is not arriving in a vacuum. It is landing in an economy marked by a sliding dollar, fragile confidence and deep political bets on growth that may not materialize. Taken together, the signals…
German companies poured money into Chinese factories, research centers and joint ventures in 2025, even as political rhetoric in Washington and Berlin warned of overreliance on Beijing. Investment flows reached their highest level in four years, turning the threat of a new trade war into a catalyst for deeper corporate entanglement with the world’s second‑largest…
Millions of Americans are working, yet unable to secure the hours or wages they need to cover basic bills. The official unemployment rate still looks low, but a growing body of data shows a far larger share of the workforce stuck in unstable, low paid, or part time roles that do not add up to…
The world’s biggest trade deals of 2026 are being signed without Washington at the table, and that is not a coincidence. From a vast India–EU pact to new agreements linking Canada and China, major economies are wiring together alternative trade routes while the United States leans on tariffs and one-off bargains. What is taking shape…
Meta’s decision to spend up to $6 billion on optical fiber has abruptly elevated a 175-year-old glassmaker from industrial stalwart to critical infrastructure provider for the AI era. The company best known for casserole dishes and smartphone glass is now wiring the physical backbone of Meta’s next generation of AI data centers. In the process,…