Money, Wealth & Power—A Daily Look at the Financial World
Toto Wolff has cashed in part of his long-held equity in Mercedes, selling a significant slice of his ownership to American billionaire George Kurtz while staying in charge of the Formula One operation. The move reshapes the shareholder map around one of the sport’s most successful modern teams without immediately disturbing Wolff’s role as team…
Florida’s reputation for soaring housing costs hides a quieter reality: in several cities, a budget of $225,000 can still get you into a single-family home. By focusing on markets where recent reporting shows prices at or under that threshold, I can pinpoint nine places where buyers are not shut out. Each city on this list…
Advanced Micro Devices is trying to turn the AI gold rush into a durable growth story, and Lisa Su just gave investors some of the clearest numbers yet on how big that opportunity could be. Her latest guidance sketches out a company that expects to grow faster than the broader chip industry, lean into data…
Saving for a 10% down payment is easier in some states than others, and recent research helps clarify where that milestone comes fastest. I focus on 10 states where a mix of income levels, home prices, and mortgage options shortens the timeline, while also noting how private mortgage insurance, immigration patterns, and typical down payment…
Passing a house to children is supposed to feel like a gift, yet in practice it is one of the easiest ways for parents to accidentally create tax headaches, family conflict, and even financial risk for themselves. The most common errors are rarely about bad intentions and more often about trying to “keep it simple”…
Home values are slipping across the country, and the pullback is no longer confined to a few overheated neighborhoods. More than half of U.S. properties have given up ground over the past year, and in some once red-hot metros, the share of homes losing value is so high it amounts to a near wipeout for…
Foreclosure activity is climbing again, a clear sign that the financial strain built up during the past few years is finally breaking through the surface of the housing market. A 19 percent jump in filings is not yet a repeat of the last housing crash, but it is a sharp enough move to signal that…
Wall Street is confronting a cyber incident that cuts to the core of how modern finance actually runs, through sprawling data vendors that sit between banks and the real economy. A hack at a major real estate technology provider has forced some of the biggest lenders in the United States to trace where their information…
The stock market has just broken a technical streak that had quietly been running in the background for months, and it is the kind of shift that only shows up a few times in a generation. After an unusually long run of strength, a key trend line finally gave way, ending a pattern that had…
New and used vehicles are now so expensive that a basic trip to the dealership can feel like a luxury purchase rather than a routine necessity. Sticker prices on mainstream models have climbed to historic levels, and the cost of financing has risen alongside them, leaving buyers squeezed from every angle. I am seeing a…