Money, Wealth & Power—A Daily Look at the Financial World
The Saudi crown prince has just put a number on his ambition for the United States, and it is big enough to reset expectations on both sides of the relationship. By pledging a vast new wave of capital into American industry and technology, he is turning what used to be a transactional oil-for-security bargain into…
Across housing, healthcare, child care, and basic goods, the cost of staying afloat is rising faster than paychecks, and the squeeze is no longer confined to any single city or income bracket. Policymakers now invoke an “affordability crisis” as routinely as they cite inflation, yet the underlying math shows that without deliberate intervention, the gap…
The combined fortunes of the richest people on earth have grown so large that they are now measured in fractions of global GDP, not just in billions of dollars. When I break that scale down to the level of a single person, the numbers look far less like a magic ticket and far more like…
The Federal Reserve’s first rate cuts after a long tightening cycle rarely stay confined to Wall Street. They ripple through credit cards, mortgages, savings accounts, and investment portfolios, reshaping how far every dollar in a household budget can go. Understanding those mechanics is the difference between watching policy happen to you and using it to…
Beef has become one of the clearest symbols of America’s food inflation, with prices hovering near historic peaks even as shoppers keep tossing steaks and ground chuck into their carts. Instead of walking away from the meat case, households are reshuffling budgets, trimming elsewhere, or trading down in cuts so they can keep beef on…
Congress has moved to shut down most of the hemp-derived THC economy almost overnight, turning what had become a $28 billion experiment in quasi-legal cannabis into a regulatory dead end. By tying a sweeping new cap on intoxicating compounds to a must-pass funding deal, lawmakers effectively erased what industry advocates say is 95% of the…
Vladimir Putin’s financial envoy has quietly become one of the most effective operators in the new era of great power competition, exploiting gaps in Washington’s diplomacy to advance the Kremlin’s interests while keeping his own profile low. By the time senior American envoys realized how thoroughly they had been maneuvered, the damage to Western leverage…
Legal veterans and democracy watchdogs are sounding alarms that the Justice Department could be twisted into a cash machine for President Donald Trump and his allies, with taxpayer-funded settlements replacing the traditional firewall between law enforcement and political power. The concern is not only about individual payouts, but about whether the country’s premier law enforcement…
Food aid that is supposed to keep low income families fed is quietly bleeding away through a wave of electronic theft that federal officials now say may be costing as much as $12 billion a year. Instead of hacking government databases, scammers are targeting the weakest point in the system, the plastic cards and payment terminals…
Nvidia’s latest earnings fireworks have collided with a wall of investor anxiety, leaving its chief executive acknowledging that the company is trapped in what he calls a no-win situation. As markets debate whether artificial intelligence is in bubble territory, he is trying to convince Wall Street that record demand for Nvidia’s chips reflects a structural…