Money, Wealth & Power—A Daily Look at the Financial World
Inflation did not pause when Washington did. Price pressures were already edging higher before the federal shutdown froze key data, and the delayed Consumer Price Index release now threatens to reveal that the cost of living kept grinding upward out of public view. As the government restarts its economic calendar, I see a risk that…
The White House is mounting an unusually direct appeal to the richest Americans, urging them to pour private money into new “Trump accounts” that are meant to seed investment portfolios for children. The push effectively turns a flagship policy of President Trump into a philanthropic challenge for billionaires and high net worth families, blending public…
Jared Kushner’s private equity vehicle has abruptly stepped away from one of the most contentious media takeover fights in years, leaving Paramount’s pursuit of Warner Bros Discovery looking far more fragile. The withdrawal removes a politically connected source of capital from an already polarizing bid and sharpens the contrast with Warner Bros Discovery’s preferred path,…
The latest UK labour market numbers look uncomfortably soft, with unemployment rising and vacancies shrinking, yet they still fall short of the kind of clear-cut weakness that would let policymakers relax. The data point to a jobs market that is losing heat but not collapsing, a halfway house that keeps pressure on the Bank of…
Ken Griffin is turning corporate philanthropy into a direct benefit for his own staff, putting millions of dollars behind Citadel employees who want to serve on nonprofit boards or launch community projects. Instead of treating giving as a top‑down branding exercise, he is effectively writing checks to amplify the causes his workforce chooses to champion….
The delayed November jobs report finally gives a clearer read on how the labor market is handling higher interest rates, and it arrives just as investors are trying to gauge when the Federal Reserve might start cutting. The numbers point to a cooler but still resilient economy, which complicates the path for borrowing costs rather…
The penny is finally slipping out of everyday American life, but what replaces it is still very much up for debate. Production has stopped, cash registers are adjusting, and lawmakers are scrambling to write rules for a world where the smallest coin no longer exists in circulation. I see a country that agrees the old…
Dividend investors often focus on yield screens and payout ratios, but sometimes the most important signal comes from the corner office. When the chief executive of a global payments giant explains why customers pay that company first, it offers a rare window into the durability of its cash flows and, by extension, the staying power…
America’s national debt has quietly crossed a threshold that will shape the lives of younger Americans far more than any viral trend or election cycle. With the federal IOU now measured in tens of trillions of dollars, the costs of past decisions are colliding with the financial futures of Gen Z and Millennials just as…
Federal prosecutors say a sprawling operation quietly moved some of the world’s most coveted artificial intelligence hardware out of the United States and into China, sidestepping export controls that were supposed to keep those chips out of foreign militaries’ hands. The alleged scheme, centered on high‑end Nvidia processors and worth roughly $160 million, now sits…