Money, Wealth & Power—A Daily Look at the Financial World
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…
America’s race to lock down copper has turned a once-sleepy industrial metal into a frontline asset of economic and geopolitical strategy. Prices are surging, domestic premiums are distorting global benchmarks, and a metal best known for wiring and plumbing is suddenly a proxy for how the United States plans to build, electrify, and defend its…
The latest national employment snapshot arrived late and underwhelming, and it cuts directly against President Donald Trump’s preferred story of an economy on the verge of liftoff. Instead of confirming an “economic boom,” the delayed numbers point to a labor market that is losing momentum, with weaker hiring, higher unemployment, and a year that is…
Lowe’s is quietly executing one of the most sweeping tool resets in recent memory, clearing Craftsman V-Series hand tools from shelves across its roughly nationwide footprint. The move turns a once‑promising premium line into a clearance event, while signaling a deeper shift in how the Craftsman brand is being positioned for professionals and serious DIYers….
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