Money, Wealth & Power—A Daily Look at the Financial World
Two rulings handed down within hours have sharply constrained President Donald Trump’s immigration agenda, underscoring how the courts continue to shape the boundaries of executive power. In one case, a federal judge blocked the administration from ending protections for Syrians living legally in the United States, while in another, an appeals panel rebuked efforts to…
Donald Trump’s media company has slipped into a market reality that no campaign rally can spin away, with its stock plumbing fresh lows just as the president faces a thicket of political and legal pressures. The selloff has erased billions of dollars in paper wealth, undercutting the narrative that Trump Media & Technology Group would…
Topgolf is changing hands again, this time with a Los Angeles private equity owner stepping in at a valuation of $1.1 billion that crystallizes just how much the once high‑flying concept has come back to earth. The deal, which gives a financial sponsor control of the tech‑driven driving range chain while its former parent refocuses…
The Navy’s top civilian leader has put a blunt point on a problem that shipyard workers have been talking about for years: the military cannot match the hourly pay and benefits offered by big-box retailers and logistics giants. When the secretary of the Navy says he is losing skilled labor to Buc-ee’s and Amazon, he…
The federal case against two Cleveland pitchers has exposed a tightly choreographed betting operation that, according to prosecutors, turned inside information on Major League Baseball games into a $450,000 windfall for corrupt gamblers. What began as unusual wagering patterns on specific in-game outcomes has now escalated into criminal charges that test the sport’s modern relationship…
Anthropic’s latest funding wave has pushed the artificial intelligence startup into a valuation tier usually reserved for the largest consumer-tech platforms, with investors now said to be pricing the company at roughly 350 billion dollars. That figure, tied to a cluster of mega deals with strategic backers, signals that the market is treating Anthropic not just…
The Trump administration is no longer just talking about shrinking the federal role in schools, it is actively breaking apart the Department of Education and redistributing its core functions across the government. What began as a political slogan about returning power to states has hardened into a structural reorganization that could permanently alter how the…
President Donald Trump has turned his long-running feud with Federal Reserve Chair Jerome Powell into a fresh test of presidential power, claiming that advisers and lawyers have stopped him from removing the central bank chief. His latest comments sharpen a yearslong pattern of public threats, legal pushback and political theater around the Fed, even as…
President Trump is turning his affordability message into a fast‑food stage show, using McDonald’s as the backdrop for a broader economic sales pitch. By bringing his argument about prices and paychecks into a setting built on value menus and combo deals, he is trying to convince Americans that their wallets are in better shape than…
Across advanced economies, the people who clock in, pay tax through their payslips and juggle childcare with commutes are increasingly convinced they are underwriting a parallel system for those who neither work nor contribute. The political shorthand is that “working families” are paying for a “benefits class,” but the real story is more complicated: it…