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’s stock has been whipsawed by headlines about China export controls and the rapid rise of custom AI accelerators like Google’s TPUs, yet one of Wall Street’s most influential chip analysts is refusing to back away from a bullish call. The core argument is simple: even with geopolitical risk and intensifying competition, Nvidia’s technology lead…
Bitcoin has once again slumped toward the $86,000 region, erasing billions in paper wealth in a matter of hours and reviving a familiar question for traders and regulators alike: what, exactly, set it off this time. The move has all the hallmarks of a classic crypto air pocket, with cascading liquidations, nervous macro sentiment and…
Meta’s stock has surged as investors reward a sharp pivot away from its most expensive Metaverse ambitions and toward more disciplined spending and artificial intelligence. With the shares already pricing in a dramatic turnaround, the debate now is whether that momentum can realistically carry Meta toward a four-digit share price in 2026 or if expectations…
Elon Musk is now openly second-guessing his decision to run the Department of Government Efficiency, the Trump administration experiment better known as DOGE. After months of defending the project as a bold attack on waste, he is describing its results as only modest and saying he would not take the job again if offered a…
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…
Across Florida, a growing slice of homeowners now owe more on their mortgages than their houses would fetch on the open market. They are boxed in by higher rates, cooling prices and rising insurance costs, unable to sell without writing a painful check and struggling to keep up with payments in homes they no longer…
Donald Trump’s push for a 50-year home loan has split his own party and delighted big lenders, crystallizing a deeper fight over who really benefits from stretching mortgage debt across a lifetime. Republicans who brand themselves as fiscal hawks see a policy that locks families into decades of extra interest, while banks see a new…
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…