Money, Wealth & Power—A Daily Look at the Financial World
Criminals have found a new way to turn your mailbox and front porch into a direct pipeline to your bank account, combining old-fashioned doorstep theft with increasingly sophisticated debit card fraud. Instead of only skimming cards at gas pumps or tricking people online, they are intercepting replacement cards and PIN mailers, then draining accounts before…
Donald Trump is now facing questions over reports that he floated a multitrillion dollar “peace” scheme for Ukraine that would also unlock a massive cash windfall for the United States. The alleged $2 trillion concept, framed as a way to end the war while monetizing frozen Russian assets, has quickly become a test of how…
Congress has moved aggressively to dismantle a signature Biden-era limit on drilling, turning a once-technical regulatory fight into a clear test of how far lawmakers are willing to go to expand fossil fuel production. The latest vote does more than scrap a single rule, it caps a months-long campaign to roll back environmental safeguards across…
Rep. Troy Nehls of Texas is stepping away from Capitol Hill, removing one of President Donald Trump’s most vocal House allies from the next Congress and opening a rare vacancy in a deep-red district. His decision to retire at the end of his current term adds another name to a growing list of Republicans opting…
Holiday shopping has become a prime hunting ground for cybercriminals, and new research shows just how exposed people are when the season’s rush kicks in. Nearly one in three consumers has already been hit by a festive-season scam at some point, and the financial and emotional fallout can linger long after the decorations come down….
JPMorgan has just put a hard deadline on the Federal Reserve’s next move, warning that waiting beyond December to cut interest rates could turn a manageable slowdown into something more dangerous. By shifting its forecast toward an imminent pivot, the bank is effectively telling investors, businesses, and policymakers that the window to engineer a soft…
Foot Locker is preparing a sweeping reset of its brick-and-mortar footprint in the United States, with hundreds of mall stores slated to close and thousands of jobs potentially affected over the next two years. The company is betting that a leaner, more strategically placed store network, combined with stronger digital sales, can stabilize a business…
Starbucks is facing a high-stakes test of its brand as a progressive employer, with Senator Bernie Sanders spotlighting a pay gap that puts nearly $96 million in compensation for the company’s chief executive alongside thousands of workers still waiting for a first union contract. The clash is no longer just about one coffee chain, it…
A sweeping recall of Airbus jets is rippling through U.S. aviation, pulling hundreds of workhorse aircraft into an unexpected maintenance spotlight and touching fleets at American Airlines, Delta Air Lines, and other major carriers. The move is forcing airlines, regulators, and passengers to confront how a highly technical safety issue on a European-built airframe can…
Artificial intelligence is moving from experimental tool to everyday infrastructure, and Bill Gates is arguing that the labor market is not ready for how quickly that shift will hit. He is framing the next wave of AI as a turning point that will reorder tasks, careers, and even national competitiveness faster than most policymakers and…