Money, Wealth & Power—A Daily Look at the Financial World
The Federal Reserve has cut interest rates for the third straight meeting, bringing borrowing costs to their lowest level since 2022 and signaling that the bar for any further easing is now significantly higher. The move caps a year in which policymakers tried to thread the needle between cooling inflation and avoiding unnecessary damage to…
UBS is preparing another deep round of cost cutting that could put up to 10,000 more roles at risk as it absorbs Credit Suisse and aligns itself with a harsher 2025 banking landscape. The planned reductions would extend a restructuring that is already reshaping one of Europe’s most important financial institutions and sending a fresh…
The Trump administration’s Education Department is now asking hundreds of employees it tried to push out to come back and help clean up a mounting civil rights backlog. The unusual recall request, aimed at former staff in the agency’s Office for Civil Rights, exposes how a politically driven downsizing collided with the legal obligation to…
Investors looking ahead to 2026 are increasingly focused on political risk, and at the center of that conversation is President Donald Trump’s trade agenda. I see three intertwined catalysts around Trump’s tariff push and the Supreme Court’s role that could plausibly turn a routine correction into a full-blown stock market crash if they unfold in…
The warning lights on the United States economy are no longer subtle. A growing stack of data and expert analysis now points to a national slowdown that could hit households, markets, and public finances at the same time, turning a series of “soft” signals into a hard economic shock. I see a pattern emerging across…
Tim Draper has never been shy about bold forecasts, and his latest one is as audacious as ever: he believes Bitcoin can climb to $250,000 within roughly the next year. That target would require a dramatic repricing of the world’s best known cryptocurrency, but it also fits a pattern of conviction that has defined Draper’s…
The sudden collapse of a once-hyped electric vehicle startup has turned a $148 million valuation into a cautionary tale and left hundreds of workers scrambling for answers and unpaid wages. What looked like a bold new player in American trucks and SUVs has instead become a stark example of how quickly the electric gold rush…
Car buyers have heard a lot of big promises about relief at the dealership, and President Donald Trump’s latest pledge to knock $1,000 off the price of a new vehicle lands squarely in that frustration. The claim sounds simple, but the policy mechanics behind it are anything but. To understand whether that kind of discount…
Netflix’s move to buy Warner Bros. Discovery’s storied film and TV empire has set off one of the most bitter corporate brawls Hollywood has seen in years, and no rival has fought harder than Paramount. As Netflix closed in on Warner Bros., Paramount tried to derail the streaming giant’s bid with a mix of aggressive…
Forbes has moved aggressively to cut costs, abruptly dismissing dozens of contributors as part of a broader effort by its leadership to present the company as “financially sound” to investors and potential buyers. The decision, which follows earlier staff reductions, signals a strategic shift away from the sprawling contributor network that once defined the brand’s…
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