Money, Wealth & Power—A Daily Look at the Financial World
For would-be buyers, the housing market has shifted from stretch goal to near impossibility. Since 2019, the cost of purchasing a typical home has exploded, and now President Donald Trump is pitching a dramatic new fix: a ban on big investors buying single-family houses. I see a real risk that, layered on top of already…
Bay Area real estate insiders are once again warning that prices have detached from reality, arguing that the region has slipped back into what they bluntly call bubble territory. Their concern is not just about eye‑popping list prices, but about a pattern of bidding and expectations that, in their view, looks unsustainable even by local…
Across Southern California’s burn zones, the ruins of the Eaton and Palisades fires are turning into something survivors never expected to face: long-term construction sites with no construction. Families who escaped with their lives say they are now trapped in a second disaster, a grinding conflict with insurers that has left foundations exposed, framing half…
Advanced Micro Devices has been one of the market’s most closely watched artificial intelligence chip stories, but even by its standards the latest surge was abrupt. The stock ripped higher in a single session as traders rushed to price in a new wave of optimism around data center demand, valuation, and the company’s position in…
Exxon Mobil is back in the market’s spotlight, with its shares climbing to fresh records as investors reassess the company’s exposure to Venezuelan crude and its broader refining strategy. The stock’s surge reflects a rare moment when geopolitics, White House pressure and a long-term bet on heavy oil flows are converging in Exxon Mobil’s favor….
The record $41 million judgment against a Southeast Washington landlord is more than a headline-grabbing penalty. It is a blunt reminder that tenants living with leaks, mold, rodents, or failing heat are not powerless, and that the law in the District of Columbia can hit negligent owners where it hurts most. If you are in…
One year after wind driven flames tore through foothill neighborhoods from Pacific Palisades and Altadena to other corners of Los Angeles County, the skyline over the burn scar is still dominated by concrete foundations and twisted rebar instead of new roofs. Fewer than a dozen houses have been fully rebuilt, even as thousands of families…
A Forest Park, Georgia couple watched their tenant fall more than $13,000 behind on rent while, according to court records, she continued to spend on luxury items. The case ended with a Judge finally ordering her out, but only after months in which she remained in the home without paying. Her story captures how a…
Big bank stocks sold off sharply after President Donald Trump floated a hard ceiling on credit card interest, a political sound bite that instantly translated into billions of dollars in lost market value. The reaction underscored how a single comment about capping rates can rattle a sector that has grown dependent on high-cost plastic to…
Wall Street is once again confronting a full‑blown crisis of confidence as the Department of Justice’s criminal probe into the Federal Reserve detonates across trading desks. The renewed “Sell America” stampede is pushing investors out of U.S. assets and into havens, reviving a pattern that many hoped had been buried with earlier bouts of political…