Money, Wealth & Power—A Daily Look at the Financial World
The recession that so many analysts warned about has not arrived. Instead, the United States has delivered one of its strongest bursts of growth in years, with output, markets and household spending all defying the gloomier forecasts. The surprise is not that the economy is growing, but that it is doing so at a pace…
Kevin Hassett is turning up the pressure on the Federal Reserve, arguing that policymakers are moving too slowly to unwind the high interest rates that defined the last inflation fight. His warning that the Fed is “behind the curve” on cuts lands at a moment when growth is strong, markets are jittery and the White…
Long before Donald Trump entered the White House, Warren Buffett had already zeroed in on what he saw as Trump’s most dangerous business habit: an addiction to leverage that turned every downturn into a potential wipeout. Buffett framed it not as a partisan jab but as a case study in how even a talented dealmaker…
President Donald Trump has turned a sanctions enforcement operation off the coast of Venezuela into a blunt declaration of ownership, saying the United States will keep or sell crude seized from tankers linked to Nicolás Maduro’s government. His comments move the dispute beyond maritime policing and into a direct contest over who controls Venezuelan oil…
Janus Henderson is set to leave the public markets in a landmark private equity style transaction that values the investment manager at $7.4 billion and hands control to activist powerhouse Trian and growth investor General Catalyst. The all cash deal caps years of pressure on traditional asset managers to scale up, modernize their technology and…
Wall Street’s favorite barometer of anxiety is flashing something close to serenity as 2025 winds down, even after a powerful multi‑year rally in U.S. equities. The CBOE Volatility Index, better known as the VIX, is sitting near levels that historically signal comfort rather than concern, even as the economic and policy backdrop grows more complicated…
Flames and smoke over the Gulf of Finland have turned Russia’s main Baltic oil gateway into a battlefield, as a wave of 221 drones ripped through air defenses and set critical fuel infrastructure ablaze. The strikes around St. Petersburg and its satellite ports have inflicted losses that Russian officials and independent analysts alike estimate in…
Michael Burry has become shorthand for market skepticism, but his latest alarm is not about a single stock. His new focus is on how deeply American households are tied to equities, and how fragile that wealth could be if sentiment turns. If he is right, the risk stretches far beyond his headline‑grabbing short on Palantir…
The stock market is entering 2026 with a statistical pattern that has appeared only twice in roughly a century and a half, and both prior instances ended badly for overconfident investors. The S&P 500 has delivered a powerful multi‑year surge, valuations are stretched by several historic measures, and a handful of giant technology names are…
A massive cyberattack on a key banking technology provider has quietly put the identities of roughly 400,000 people at risk, turning a behind-the-scenes vendor into the epicenter of a financial privacy crisis. For those caught up in the fallout, the story is not only about stolen data but also about whether they can force the…
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