Money, Wealth & Power—A Daily Look at the Financial World
California’s housing crisis has intensified under Gov. Gavin Newsom as the state struggles to keep pace with soaring demand, rising rents and deepening homelessness in its largest cities. On 2025-11-29, California officials warned that Trump funding cuts could deepen the homelessness crisis, highlighting a new federal threat to ongoing state efforts and signaling a shift…
Amy Schumer is navigating a high-stakes New York real estate sale at the same time her marriage is ending, a collision of personal and financial pressure that would test anyone. The comedian is trying to offload a roughly $14 million Manhattan home in a luxury market that has cooled, while her divorce from chef Chris…
Michael Burry is once again positioning himself against one of the market’s most crowded trades, taking aim at Nvidia’s artificial-intelligence boom and pairing that skepticism with fresh shorts on Palantir. His latest moves, revealed in regulatory filings and amplified by a leaked internal memo, frame a sharp challenge to the dominant narrative that AI infrastructure…
Los Angeles leaders promised a swift recovery after the January wildfires, but the neighborhoods that burned are still defined more by ash and paperwork than by new roofs and front doors. The city has cleared debris, mapped out rebuilding zones, and announced funding streams, yet the core reality remains: the homes that vanished in those…
Buying a house in retirement can feel like the final step toward stability, but the numbers and risks often tell a different story. Recent reporting highlights how fixed incomes, volatile housing markets and rising regional costs can turn a dream home into a long-term liability. I want to walk through six specific reasons not to…
Bitcoin’s latest consolidation phase has not shaken one of its most visible Wall Street bulls. Tom Lee still argues that the world’s largest cryptocurrency can push to fresh record territory by year-end, even as he trims back the most explosive parts of his forecast. For investors trying to separate durable conviction from hype, his evolving…
Alphabet’s push to sell its in-house AI chips to outside customers has abruptly reshaped expectations for the entire data center hardware trade. Instead of a tidy duopoly in accelerators, investors now have to price in a world where Google is not just a cloud platform but a direct rival to Nvidia and AMD in the…
IonQ has just delivered one of the clearest reality checks in quantum computing, and the price tag is impossible to miss: $2.5 billion in deals that now function as a de facto warning label on the entire sector. The company is racing to buy its way into a future market that even its own peers…
America’s car market is entering a strange new phase, where dealer lots are filling up even as many buyers struggle to keep the vehicles they already have. Instead of a clean crash in sticker prices, I see a grinding reset driven by swelling inventories, aggressive discounting, and a wave of repossessions that is reshaping who…
Runaway prices punish savers, squeeze paychecks and scramble retirement math, but they also reveal which strategies actually hold up when money loses purchasing power. Warren Buffett has spent decades navigating inflationary cycles, and two of his favorite defenses keep resurfacing in his public comments and portfolio moves. I see those twin pillars as a practical…