Money, Wealth & Power—A Daily Look at the Financial World
A top defense giant with extensive operations in Virginia is drawing fresh attention after revealing a bold strategic shift as a new political era begins in the state. Democratic Gov. Abigail Spanberger took office on January 17, 2026, and immediately signed ten executive orders focused on affordability, signaling a shift in state priorities that could…
Crypto lender BlockFills suspended client withdrawals on February 11, 2026, as bitcoin prices slid sharply, according to Reuters. The company, backed by Susquehanna, serves institutional clients. The sudden freeze leaves some customers unable to access funds at a time of heightened volatility across digital asset markets. BlockFills Freezes Withdrawals as Bitcoin Falters BlockFills, a crypto…
Boeing locked in orders for almost 100 jets from two Vietnamese carriers on February 19, 2026, in a combined package valued at more than $30 billion, according to The Wall Street Journal. Sun PhuQuoc Airways and Vietnam Airlines both signed agreements with the American planemaker, giving Boeing a sizable single-country order announcement. The deals arrive…
Foreign investors bought U.S. stocks at the fastest clip in at least a decade during 2025, even as President Donald Trump’s escalating tariff regime rattled global trade and prompted widespread predictions of capital flight from American markets. According to Bloomberg, net foreign purchases of U.S. equities jumped 134% year over year, with overseas buyers snapping…
President Donald Trump approved Japan’s first $36 billion batch of U.S. investments on February 17, 2026, directing capital into energy and materials projects across Ohio, Texas, and Georgia. The deals represent the opening tranche of a $550 billion pledge that Japan made in exchange for relief from American tariffs on its exports. For Japanese manufacturers…
SoftBank’s energy subsidiary plans to build a $33 billion natural gas power plant near Portsmouth, Ohio, a facility so large it would become the biggest of its kind in the United States. The Portsmouth Powered Land Project, with a planned capacity of 9.2 gigawatts, sits at the center of a sweeping U.S.-Japan investment deal and…
Bondholders led by Nuveen LLC filed a lawsuit in early February 2026 alleging that the owners of the American Dream mall in East Rutherford, New Jersey, worked with local borough officials to deliberately slash the property’s assessed value, costing investors at least approximately $24 million per year. The complaint claims the mall’s valuation fell from…
Economic strategist Jim Rickards has issued back-to-back warnings projecting a 50% market collapse tied to the 2024 U.S. election cycle, citing political instability, dollar erosion, and the threat of civil unrest as converging forces. The predictions, distributed through press releases in October 2024, arrive without backing from federal agencies or independent economic models, yet they…
The Public Utilities Commission of Ohio (PUCO) has issued an order that would reduce certain FirstEnergy electric charges in its Ohio service territories, a move described by state officials as cutting roughly $39.4 million in net annual revenue for the utility. In a statement about the decision, state Rep. Sean P. Brennan said updated tariffs…
Toyota has built a stripped-down, modular pickup truck that starts at roughly $13,000 in Thailand, and the online speculation is predictable: what if Americans could buy a brand-new truck for a fraction of what a full-size F-150 costs? The vehicle in question is the Hilux Champ, a two-passenger workhorse that Toyota developed under its IMV…