Money, Wealth & Power—A Daily Look at the Financial World
The U.S. national debt has reached an unprecedented $38 trillion, sparking alarm among financial experts and policymakers. A budget watchdog expressed dismay, stating, “It’s tough to decide what the most appalling part is of today’s announcement.” This milestone underscores the escalating fiscal pressures facing the nation. JPMorgan warns that America is “going broke slowly,” while…
Whoopi Goldberg, an Oscar-winning actress and co-host of “The View,” recently revealed that she cannot afford to quit her role on the popular talk show due to financial pressures. Despite her successful career, Goldberg’s admission underscores the financial challenges she faces post-divorce, a situation that resonates with many Americans who find themselves working longer than…
Billionaire investor Ray Dalio has drawn a stark comparison between the current economic climate in America and the turbulent early 1970s, a period marked by high inflation and social unrest. He warns that a major US asset, likely the dollar or bonds, could fail as a reliable store of wealth due to escalating debt and…
The US economy is experiencing its fastest growth in nearly two years, a development the White House has described as “explosive growth.” This surge is largely attributed to a significant increase in consumer spending. As the economy rebounds, discussions continue about the extent to which President Trump’s policies have contributed to this momentum. While economic…
The U.S. national debt has reached an unprecedented $38 trillion, sparking alarm among financial experts and policymakers. A budget watchdog expressed dismay, stating, “It’s tough to decide what the most appalling part is of today’s announcement.” This milestone underscores the escalating fiscal pressures facing the nation. JPMorgan warns that America is “going broke slowly,” while…
Whoopi Goldberg, an Oscar-winning actress and co-host of “The View,” recently revealed that she cannot afford to quit her role on the popular talk show due to financial pressures. Despite her successful career, Goldberg’s admission underscores the financial challenges she faces post-divorce, a situation that resonates with many Americans who find themselves working longer than…
Billionaire investor Ray Dalio has drawn a stark comparison between the current economic climate in America and the turbulent early 1970s, a period marked by high inflation and social unrest. He warns that a major US asset, likely the dollar or bonds, could fail as a reliable store of wealth due to escalating debt and…
The US economy is experiencing its fastest growth in nearly two years, a development the White House has described as “explosive growth.” This surge is largely attributed to a significant increase in consumer spending. As the economy rebounds, discussions continue about the extent to which President Trump’s policies have contributed to this momentum. While economic…
Vanilla Ice, the rapper who rose to fame with his 1990 hit “Ice Ice Baby,” has successfully transformed his initial music success into a diversified real estate and media empire reportedly worth $20 million. Despite stepping back from the music scene, he claims to have “made millions for doing nothing,” attributing his wealth to strategic…
A newly passed bill in Congress eliminates federal taxes on tips, overtime pay, and Social Security benefits, providing immediate relief to millions of American workers and retirees starting in the 2026 tax year. This legislation, signed into law on November 5, 2025, has been hailed as a ‘game changer’ for boosting take-home pay, though it…
As the U.S. housing market faces a significant downturn, home sales are projected to hit their lowest point since 1995. Despite this grim outlook, a potential turning point looms on the horizon. The market is approaching a ‘magic’ number that could unlock increased activity and affordability, offering a glimmer of hope for prospective buyers. This…
Financial advisor Dave Ramsey has recently voiced his frustration with millennials and Gen Z, criticizing them for wanting to own homes without putting in the necessary work. He argues that these younger generations lack the discipline required for financial success, contrasting their attitudes with his principles for successful investing. This perspective comes at a time…
President Trump’s tariffs are projected to impose a staggering $1.2 trillion cost on global businesses this year, according to recent economic analysis. While businesses face the direct hit, consumers are ultimately shouldering most of the burden through higher prices on everyday goods. This development marks a sharp escalation from prior trade policies, urging immediate strategies…
The Social Security Administration’s announcement of a 2.8% cost-of-living adjustment (COLA) for 2026 has sparked significant criticism from recipients and experts. They argue that this increase is insufficient to meet the rising costs of essentials like housing and healthcare. With an average monthly boost of just $50 for retirees, this “meager” adjustment is seen as…
