Money, Wealth & Power—A Daily Look at the Financial World
Key pillars of the United States economy are starting to look fragile, even as major stock indexes hover near record territory and market volatility remains subdued. Corporate profits, consumer spending and credit quality are all flashing early warning signs that do not square with the calm in equities. The gap between what is happening on…
The arrest of “Real Housewives of Potomac” alum Mia Thornton on accusations she stole roughly $11,000 in furniture from a luxury rental has pushed one of Bravo’s most polarizing figures from reality TV drama into real-world legal jeopardy. The case, which centers on an Atlanta-area condo and a detailed warrant listing missing items, now sits…
The story of 650 Harley-Davidson dealers going dark across four states in a $377 million crunch is less a single shock than the culmination of years of pressure building inside the brand’s retail network. What looks like a sudden meltdown is, in reality, the collision of a profitable manufacturer, fragile local franchises, and a customer…
The long running feud between Ray J and the Kardashian empire has exploded back into court, with the R&B singer accusing Kim Kardashian and Kris Jenner of breaking a multimillion dollar deal tied to their infamous sex tape. At the center of his new lawsuit is a claim that a $6 million settlement was supposed…
Mark Cuban has built a reputation as a blunt, self-made billionaire who loves to talk about the hustles that shaped him, but even by his standards, one recent story stands out. Long before “Shark Tank” and the Dallas Mavericks, he says he engineered a dorm-room “Ponzi” that helped cover his junior year of college and…
Allegations that Meghan Markle walked away from a fashion shoot with a $1,700 dress she did not pay for have revived long running questions about how the duchess navigated the blurred lines between celebrity, commerce, and royal protocol. The claim, resurfacing years after the shoot itself, now sits alongside a wider pattern of contested stories…
Bill Gates’ daughter Phoebe has described growing up in a household where she and her siblings were discouraged from using their father’s name in public until they were well into their teens, a deliberate effort to blunt the impact of one of the most recognizable identities in tech. Her account offers a rare, ground-level look…
Ukraine’s latest long-range strike on a Russian refinery has done more than torch steel and concrete. It has crystallized how a campaign once dismissed as symbolic is now biting into Moscow’s export machine and wiping tens of billions of dollars off projected oil revenues. The estimated 37 billion dollar hit to fuel exports is not…
Target’s latest round of white-collar layoffs is not just a story about one retailer trimming costs. It is a window into how large employers now treat corporate staff as a flexible expense line, even after years of record profits and aggressive hiring. What looks like a one-off restructuring at a big-box chain instead reflects a…
President Donald Trump has escalated his hard line on immigration with a sweeping promise to “permanently pause” migration from what he calls “Third World Countries,” turning a long-running political fight into an existential test of how the United States defines its borders and its values. His vow, delivered in the wake of a deadly shooting…