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Patrick Dwyer, managing director of Miami-based boutique wealth management and planning firm Aligned by NewEdge Wealth, said even billionaires worry about their children’s futures.Mr. Dwyer says his clients, the ultra-high-net-worth individuals (mainly those with net worths of $100 million to $1 billion or more), are especially concerned that their children, primarily between the ages of 22 and 35, are unable to maintain careers in traditionally stable and lucrative industries such as technology, law and medicine.The U.S. job market is currently challenging for young people in general, regardless of individual or family income. The unemployment rate for new graduates has steadily…
The slide in enterprise software stocks that crushed the market for much of last week subsided for a second straight day in some big-name companies in Monday trading. Is it time to buy? Morgan Stanley thinks so, advising clients in a note on Sunday about “attractive entry points” for Microsoft and Salesforce, whose stocks have fallen on concerns that artificial intelligence will harm their businesses. Both club stocks had been on a continuous rise, but the recent damage has been severe. Microsoft stock has fallen 17% in the past three months. Salesforce fell nearly 20% over the same period. Investor…
According to the Munich Security Report 2026, the world is in an era of “wrecking ball politics” led by US President Donald Trump, and the international order that has flourished for decades is under unprecedented strain. The annual report, released ahead of the Munich Security Conference, squarely described President Trump as the most powerful person to challenge existing rules and institutions, arguing that his approach risks dismantling long-standing alliances and norms. “More than 80 years after construction began, the post-1945 U.S.-led international order is now being destroyed,” the report said. The report names Trump as one of the most prominent…
Here’s the biggest voice on Wall Street on Monday: Wolf upgrades Robinhood to outperform peers Wolf says investors should buy the push. “We are upgrading HOOD stock to Outperform (from Peer Perform) to take advantage of the recent decline/deterioration in sentiment surrounding the broader cryptocurrency ecosystem.” Morgan Stanley enters TeraWulf and Cipher Mining as Overweight, saying it expects “significant upside” from both Bitcoin miners. “We are bullish on increasingly attractive valuations for Bitcoin-to-data center conversions and see significant upside potential for WULF and CIFR.” KeyBanc upgrades Timken from sector weight to overweight KeyBanc said it likes the manufacturing company’s new…
The most fascinating story in American work culture right now isn’t that AI will take your job. That means AI will save you from that. It’s the version the industry has spent the past three years selling to millions of nervous people who want to buy it. Yes, some white-collar jobs will disappear. But for most other roles, the argument is that AI is a force multiplier. You become a more capable and indispensable lawyer, consultant, writer, programmer, financial analyst, etc. Tools help, reduce effort, and everyone benefits. But a new study published in the Harvard Business Review actually follows…
Databricks just raised $7 billion in equity and debt at a valuation of $134 billion. I don’t blame you if your eyes are cloudy. This is the first mega-round for the company to count, and at some point, it won’t be news for another private company to raise another huge amount of money.But here’s why it’s important. Databricks is starting to behave more like a public company as it inches closer to its IPO. And the company’s financial statements tell us more than just the size of the check.80% of databases on the Databricks platform are currently built by AI…
Tech stocks led a three-day sell-off last week, but some on Wall Street remain confident in the trade, citing a key factor: profits. “Earnings growth, which continued to grow at nearly 30% in the fourth quarter, shows no signs of slowing yet,” Deutsche Bank strategists led by Parag That said in a note Friday. While analysts’ consensus forecasts are for tech profit growth to be a “remaining strong” 23% this year and slow to 20% in 2027, future expectations for mega-cap growth and tech (including software) have actually risen this fiscal year, the New York-based strategists wrote. Software stocks in…
Google CEO Sundar Pichai gestures to the audience at Google’s annual I/O developer conference on May 20, 2025 in Mountain View, California.David Paul Morris | Bloomberg | Getty Imagesas alphabet The company is returning to the bond market to fund its artificial intelligence buildout, but the company recognizes new risks associated with the rise of AI and heavy investments in infrastructure.In its annual financial report late last week, Google’s parent company highlighted the potential impact of AI on its core advertising business and how the costly effort could ultimately result in “excess capacity.” “To meet the demand for computing power…
Tokyo — Holding a snap election was a risky gamble. Her career was at stake. But now, Japan’s Sanae Takaichi enjoys the benefit of Japan’s strongest government majority since World War II. Here’s how this unapologetic conservative, who President Trump lavishes praise on, did it. Her popularity has soared in the four months since she took over, energizing normally disengaged young voters and giving a new face to the country’s political landscape, which for decades has been dominated by older men. This mass appeal led to a landslide victory on Sunday, giving Takaichi’s ruling Liberal Democratic Party a historic two-thirds…
Lady Gaga talks about her ‘meaningful’ appearance at Bad Bunny’s Super Bowl Halftime Showlady gaga I have nothing but gratitude for bad bunny. Hours after the “Abracadabra” singer made a surprise appearance, 2026 Super Bowl Halftime Show February 8thshe expressed her gratitude to the Puerto Rican rapper (born). Benito Antonio Martinez Ocasio) for allowing her to play a role in his historic performance. “Thank you Benito for including me in this powerful, important and meaningful performance,” she wrote. Instagram post on February 9th. “I’m so honored to be a part of this moment. It’s even more special because it was…