Money, Wealth & Power—A Daily Look at the Financial World
Amazon’s decision to cut roughly 15 percent of its human resources staff is not an isolated belt-tightening move, it is part of a sweeping bet that artificial intelligence can run large chunks of a modern corporation. For American workers, the question is not only how many jobs vanish in Seattle, but whether this model of…
Wall Street is entering 2026 with stocks near record highs, a second Trump term in the White House and a growing chorus warning that the market’s long run is living on borrowed time. The question investors care about is not whether the next big drop will ever arrive, but whether the combination of stretched valuations…
The moment an economist bursts into laughter while fact checking a president is not just a viral clip, it is a verdict on how far political spin has drifted from measurable reality. When that president is Donald Trump, whose economic storytelling has long stretched the limits of accuracy, the laughter becomes a shorthand for a…
House investigators and federal authorities are now circling one of the most prominent progressive figures in Congress, zeroing in on how Rep. Ilhan Omar’s family wealth appears to have ballooned in just a few years. The scrutiny follows financial disclosures that suggest a dramatic jump in assets, turning a onetime insurgent outsider into a multimillionaire…
Wall Street closed a choppy week with modest declines in the major indexes and a notable surge in the dollar, as investors tried to decipher what President Donald Trump really intends to do with Kevin Hassett and the Federal Reserve. The prospect that a leading Fed Chair contender might stay put at the White House…
President Donald Trump’s revived push to buy Greenland has moved from late-night punchline to live policy debate, complete with internal cost estimates and strategic talking points. The headline numbers are staggering, with a potential price tag approaching $1 trillion and official projections that any meaningful financial payoff would be decades away. The question is no…
The Biden-era language of “friendshoring” has given way to something blunter. U.S. Commerce Secretary Howard Lutnick is now pairing upbeat talk about an American manufacturing boom with a stark warning to foreign memory chipmakers: invest in U.S. plants or face tariffs of up to 100% on key products. The message is aimed squarely at South…
The age profile of billion-dollar AI founders is collapsing at a speed that would have seemed absurd even a decade ago. Unicorns that once emerged from veterans in their late thirties or forties are now being built, scaled and sold by people barely out of college. The wild part is that this is not just…
Bill Nye has spent the past year warning that deep cuts to NASA would be an “extinction-level event” for American space exploration. Now that Congress has moved to fully fund the agency despite pressure from the White House, he is responding with a mix of relief, frustration and a renewed warning that flat budgets can…
Tourism has roared back, and the money now flowing across borders is reshaping which countries sit at the top of the global travel economy. The biggest winners are not always those with the most postcard views, but the places that have turned visitor arrivals into serious export income and fiscal firepower. I want to map…