Range

$60B. For a coding app. More than WhatsApp. More than LinkedIn. More than the biggest cybersecurity deal ever made. And the price is the least interesting part of this story. In 78 days, Musk quietly spent $310B — and consolidated more of the AI stack than anyone on Earth. Is Cursor worth $60B? Debatable. Is this M&A? Not even close. It's a data moat. And we should all be paying attention.

Mortgage applications jumped 10% this week. Here's why: 🏡 Mortgage rates fell to 6.35% this week, down from 6.42% last week. 🏡 Home prices have remained relatively stable YoY (+1.1% per AEI, the slowest since 2012). 🏡 30-year rates are now 55 bps lower than this same week last year.

Meet Trump's pick to replace Powell as Fed chair. Kevin Warsh had his Senate confirmation hearing today — and his testimony told us a lot about how he'd lead our central bank. The clock is ticking for the Senate to come to a decision — Powell's term ends May 15th. Would you trust Warsh with the economy? 👇

Range Radar: Tim Cook is stepping down after 15 years as Apple's CEO. Here's what he built: - $3.65T in market cap added - Stock up 1,886% - Led the first company ever to hit $1T, $2T, and $3T Swipe to see his full legacy by the numbers.

The Alternative Minimum Tax was created in 1969 to catch a handful of ultra-wealthy households. In 2026, it's coming for anyone earning $500K+. AMT is a complex tax system most high earners haven't had to plan for in recent years: it once hit over 5.2 million Americans, but after a series of tax code changes in 2017, that dropped to ~200,000. You probably haven't owed it in nearly a decade — but that could be changing this tax year. Tony Molina, CPA breaks down what shifted and why it matters right now.

A Fed chair confirmation hearing, Tesla Q1 earnings, and a shaky ceasefire with Iran. Isabel Contreras walks us through what we're watching this week: → Fed chair nominee Kevin Warsh will speak before the Senate Banking Committee tomorrow: we'll get a glimpse into how he might lead the central bank. → Tesla earnings Wednesday: will Q1 earnings make up for their miss in deliveries for the quarter? → The Iran ceasefire is on thin ice after tensions escalated over the weekend. All eyes are on where the conflict will stand ahead of Trump's resolution deadline coming up Wednesday. We'll stay on top of these and other key market-moving events throughout the week. Stay tuned. #markets #investing #marketrecap #stockmarket #Tesla #Fed #Iran

🗞️ This week's Range Weekly Review newsletter is live: We get into AI hype minting new meme stocks, the S&P 500 hitting a fresh record high, and much more.

When it comes to your wealth, your questions often can’t wait until “the next available appointment.” That’s why we created Rai: our always-on AI wealth advisor. Get access to actionable advice that’s specific to you, built on our planning team’s financial expertise. No appointment necessary. ➡️ Range VP of Engineering, Meg Rose, digs into how Rai works for you.

❌️ "You need a relationship to manage your money." That's the lie traditional wealth management has been selling for decades. High minimums. High fees. And you still end up piecing together estate documents, a retirement plan, and tax strategy on your own. ✅️ The truth: You don't need a relationship. Just a top-notch strategy. Welcome to modern wealth management.

Only 1 in 5 high earners get a tax refund. But here's what's wild — when they do, the average is nearly $30K. So what happens to the other 80%? Dig into these high-earner tax stats.