Money, Wealth & Power—A Daily Look at the Financial World
Mark Cuban recently directed a blunt message at the biggest names in technology, arguing that their AI strategies are failing the vast majority of American businesses. His comments cut to a tension that has been building for months: while trillion-dollar companies race to build ever-larger AI models, the overwhelming share of U.S. firms operate without…
Foreign investors bought U.S. stocks at the fastest clip in at least a decade during 2025, even as President Donald Trump’s escalating tariff regime rattled global trade and prompted widespread predictions of capital flight from American markets. According to Bloomberg, net foreign purchases of U.S. equities jumped 134% year over year, with overseas buyers snapping…
SoftBank’s energy subsidiary plans to build a $33 billion natural gas power plant near Portsmouth, Ohio, a facility so large it would become the biggest of its kind in the United States. The Portsmouth Powered Land Project, with a planned capacity of 9.2 gigawatts, sits at the center of a sweeping U.S.-Japan investment deal and…
Economic strategist Jim Rickards has issued back-to-back warnings projecting a 50% market collapse tied to the 2024 U.S. election cycle, citing political instability, dollar erosion, and the threat of civil unrest as converging forces. The predictions, distributed through press releases in October 2024, arrive without backing from federal agencies or independent economic models, yet they…
The Public Utilities Commission of Ohio (PUCO) has issued an order that would reduce certain FirstEnergy electric charges in its Ohio service territories, a move described by state officials as cutting roughly $39.4 million in net annual revenue for the utility. In a statement about the decision, state Rep. Sean P. Brennan said updated tariffs…
Toyota has built a stripped-down, modular pickup truck that starts at roughly $13,000 in Thailand, and the online speculation is predictable: what if Americans could buy a brand-new truck for a fraction of what a full-size F-150 costs? The vehicle in question is the Hilux Champ, a two-passenger workhorse that Toyota developed under its IMV…
A wave of tariffs on timber, lumber, and derivative products like upholstered wooden furniture and cabinetry is squeezing American furniture manufacturers from multiple directions at once. The White House has framed these duties as a national security measure, but for the workers and small firms that make up the domestic furniture sector, the policy is…
The National Association of Realtors reported that pending home sales in the United States fell again in January, dropping 0.8% to an index reading of 70.9. The decline caught economists off guard and added to growing concern that the spring buying season, typically the strongest stretch of the year for residential real estate, may disappoint….
The American beef industry is telling shoppers to stop waiting for relief at the meat counter. With the U.S. cattle herd still shrinking and ranchers showing little appetite to rebuild, the message from producers and federal data alike is blunt: today’s elevated beef prices are not a temporary spike but a structural shift that will…
Bernie Sanders rallied supporters at The Wiltern in Los Angeles, throwing his weight behind a proposed one-time 5% wealth tax on California billionaires and declaring that for the ultra-rich, “enough is never enough.” The initiative, formally tracked as a constitutional amendment under Initiative 25-0024A1, would affect roughly 200 people and direct the vast majority of…