Money, Wealth & Power—A Daily Look at the Financial World
Traders spent much of the autumn convinced the Federal Reserve was done cutting rates for the year, but a fresh run of data has forced them to reconsider. Softer inflation, a cooler labor market and a less resilient consumer have combined to put a December move back on the table, even after policymakers signaled a…
Ford is pouring $2 billion into its Louisville Assembly Plant to pivot from gasoline crossovers to mass-market electric vehicles, a bet that could redefine the company’s U.S. manufacturing footprint. For roughly 2,000 workers in Kentucky, however, that transformation comes with a 10 month shutdown and no guarantee that every job on the line today will…
TGI Fridays is shrinking at a pace that would have been unthinkable when its red-and-white awnings defined the casual dining boom. After reporting a $477 million loss and moving to close roughly 71 percent of its U.S. restaurants, the chain is now a case study in how quickly a legacy brand can unravel when debt,…
As prices on everything from groceries to school supplies keep climbing, more Americans are quietly changing where they shop. The shift is not about brand loyalty or store aesthetics as much as it is about one blunt calculation: which retailer reliably lets a paycheck stretch further. That simple math is increasingly pushing shoppers toward Walmart…
For months, voters have wanted a straight answer on whether the inflation shock is finally behind them or just hiding in the data. The Treasury secretary has now given the clearest response yet, sketching out how far prices have cooled, how much pain still lingers, and what it will take to keep the recovery intact….
The warning lights on the United States economy are no longer confined to obscure data tables. A growing chorus of economists now argues that the expansion is losing altitude, with slower hiring, stubborn inflation and weakening confidence all pointing in the same uneasy direction. The message is blunt: the US may be drifting toward trouble,…
Financial markets are no longer just gaming out the next move from the Federal Reserve, they are gaming out the next move from Federal Reserve Governor Stephen Miran. As President Donald Trump’s newest pick settles into his role, his push for faster and deeper rate cuts is turning him into a potential swing voice on…
California’s ambitious effort to modernize its 911 system has collapsed after more than $450 million in spending, leaving residents with aging infrastructure and state leaders facing sharp questions about accountability. Instead of a seamless digital network, the state is now scrambling to stabilize legacy systems and explain how a marquee public safety upgrade unraveled. The…
America’s debt load is closing in on $30 trillion, and the warning from Senator Ron Johnson is blunt: the country is living on borrowed time as interest costs crowd out core government functions. The numbers are not just abstract accounting entries, they are reshaping the federal budget, financial markets, and the political fights that define…
Federal Reserve Governor Christopher Waller used a high-profile appearance in New York to sharpen his case as a steady hand for the central bank’s top job, casting himself as a pragmatic inflation fighter who is comfortable with markets and politics alike. His remarks, coming shortly after a closely watched talk by hedge fund executive Jason…
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