Money, Wealth & Power—A Daily Look at the Financial World
Palantir CEO Alex Karp has turned a onetime Catholic retreat in the Rockies into one of the most expensive residential land deals in Colorado history, paying a record $120 million for a former monastery outside Aspen. The purchase instantly vaults a quiet religious property into the center of a national conversation about tech wealth, land…
Nvidia has already rewritten the record book for market value, but one bold forecast now argues the chip designer could be worth $8.5 trillion as soon as next year. That kind of leap would not just extend Nvidia’s dominance in artificial intelligence, it would reshape the hierarchy of global markets. I set out to examine…
The Twin Cities have become an unlikely laboratory for solving one of the hardest problems in American life: how to add homes fast enough that regular people can still afford to live near jobs, schools, and transit. By pairing aggressive zoning reform in Minneapolis with a more cautious, rent-focused strategy in Saint Paul, the region…
Wall Street’s last major holdout has finally put a number on where it thinks the S&P 500 is headed in 2026, and the call points to a fresh leg higher rather than a tired bull market running on fumes. With every big bank now projecting double-digit upside, the debate has shifted from whether the rally…
Texas is about to test whether the center of gravity in U.S. equity markets can shift away from Manhattan, and it is doing it with a war chest that is getting larger by the week. The Texas Stock Exchange is targeting a $270 million capital raise, with Goldman Sachs and Bank of America reportedly committing…
Stock leadership is finally starting to change, and that shift is opening the door to a very different kind of bullish case. Instead of chasing the same mega-cap winners that powered the early stages of this cycle, investors are being nudged toward trimming those highfliers and redeploying capital into the parts of the market that…
The Federal National Mortgage Association, better known as Fannie Mae, is preparing to shut its San Francisco hub and shift those operations to Birmingham, Alabama, a move that has already been framed in partisan shorthand as an escape from “woke California” to the Deep South. The relocation of a major housing finance player from one…
The World Cup is set to turn parts of the United States into a temporary gold rush for short term rentals, and some cities are already emerging as clear front runners for host earnings. From Texas to the Mid Atlantic, local projections and early corporate planning point to specific markets where demand for beds will…
President Donald Trump is telling voters that his policies have sliced nearly $3,000 a year off typical mortgage bills, casting the shift as proof that he has made homeownership more affordable. The claim lands at a moment when borrowing costs have indeed eased from their recent peak, but household budgets are still straining under high…
Predictions of a rich-person stampede out of New York after Zohran Mamdani’s mayoral win have not materialized. Instead, the city’s top-end property market is heating up, and the so‑called “Mamdani effect” is increasingly being used to describe renewed appetite for living and investing in New York rather than a rush for the exits. Luxury contracts,…