Money, Wealth & Power—A Daily Look at the Financial World
Across the United States, a once unthinkable shift is underway as obsolete office towers are reborn as housing at a pace that would have sounded fanciful before the pandemic. Nowhere is that transformation more visible than in New York, where a deep office slump and a chronic housing shortage are colliding to turn conversion projects…
New York City landlords are watching their tax bills climb faster than their rents, and many say the political class has no real plan for what happens next. As property taxes surge and legal challenges mount, the city’s housing market is being reshaped in ways that threaten both small owners and the tenants who rely…
Tech investors are being pulled in two directions at once: the market is rewarding anything tied to artificial intelligence, yet volatility is punishing anyone who chases the story without discipline. For those trying to cut through the noise, two large‑cap names stand out as high‑conviction ways to participate in the next leg of digital infrastructure…
Bill Ackman is telling investors to stay patient with Fannie Mae and Freddie Mac, arguing that the real payoff will come only if Washington finally restructures the mortgage giants instead of keeping them in a financial limbo. His case rests on the idea that the government-sponsored enterprises are far more valuable than their current market…
Artificial intelligence has already rewritten the script for markets and corporate strategy, yet the scale of capital pouring into the sector suggests investors are still betting that the story is only in its early chapters. Valuations look stretched in places, but the combination of rapid enterprise adoption, aggressive infrastructure buildout and a still‑evolving technology stack…
From couture fashion to the roof over your head, the rental economy has quietly expanded into corners of life that used to be all about ownership. I see people now renting items that would have seemed outlandish a decade ago, using short-term access to stretch budgets, experiment with style, and reduce waste. Here are nine…
Two new fortunes have crystallized out of one of the largest transactions in digital assets, instantly reshaping the leaderboard of crypto wealth. The deal, centered on a South Korean exchange group, shows how a single corporate move can turn long-time founders into billionaires while testing whether public markets are finally ready to treat crypto infrastructure…
The billionaire behind the world’s most famous plastic party cup is quietly steering a multibillion‑dollar fortune into some of the market’s most controversial corners. His shift into so‑called “sin stocks” is not just a personal bet on profit over virtue, it is a stress test for a financial era that claims to prize sustainability while…
Boston’s rental market, long defined by bidding wars and waitlists, is suddenly showing cracks. Vacancies are lingering, asking prices are slipping, and landlords who once dictated terms are now signaling they are ready to bend on almost anything to fill units. The shift is reshaping how power flows between owners and tenants in one of…
Michael Burry is once again positioning himself against a market darling, this time arguing that Tesla’s soaring share price bears little resemblance to its underlying economics. The investor made famous by The Big Short is not just skeptical of the electric car maker’s valuation, he is warning that the company’s growth story now rests on…