Money, Wealth & Power—A Daily Look at the Financial World
International enrollment at U.S. colleges is sliding at a pace that would have been hard to imagine a decade ago, and the inflection point is not subtle. After President Donald Trump’s overhaul of student visa rules, new foreign student numbers have dropped sharply, reshaping campus finances and the country’s talent pipeline in the process. I…
Costco’s food court has long been a kind of unofficial reward for surviving the warehouse aisles, a place where a $1.50 hot dog combo and cheap pizza slices felt almost untouchable. Now the chain is tightening rules and reshaping the menu in ways that signal a new era for that cult favorite corner of the…
Gold’s blistering run has forced one of Wall Street’s most influential commodity teams to redraw its map for the next cycle. After a year in which the metal has already logged gains of more than 40% in 2025 and notched fresh records, Goldman Sachs is now projecting that the rally still has room to run…
On November 17, 2025, the Federal Reserve’s vice chair used two public appearances to stress that tradeoffs in the current economy reinforce the need to “proceed slowly” on interest-rate cuts, signaling a more cautious stance on policy easing. Later that evening, the vice chair reiterated that economic trade-offs justify lowering rates slowly, underscoring how recent…
MacKenzie Scott’s latest wave of giving has sent more than $700 million to Historically Black Colleges and Universities, a sum large enough to reshape balance sheets and ambitions across a sector that has long done more with less. The scale of the commitment is historic, but just as striking is the way it centers institutions…
President Donald Trump is presiding over an economy that looks sturdy on the surface but is increasingly fragile underneath. Growth headlines and stock indexes obscure a mounting pile of structural risks that top economists say are the direct result of his policy choices. From tariffs to erratic messaging, the pattern points to a White House…
Talk of a federal shutdown tends to fade once Congress cuts a deal, yet the political and structural forces that nearly close the government rarely disappear. They accumulate, like pressure behind a dam, until the next deadline brings the same arguments roaring back. That is why the latest wave of shutdown chatter feels less like…
Costco has long sold itself as the rare retailer that lets shoppers feel like insiders, trading an annual fee for access to bulk bargains and that famously unchanging $1.50 hot dog combo. Now the company is quietly reshaping that bargain, leaning harder on membership tiers and new rules that push more customers toward its most…
America’s red ink is often framed as a uniquely alarming problem, but the reality is that the United States is borrowing in a world where nearly every major economy is leaning heavily on debt. To understand how serious the situation is, I need to look not only at the sheer size of U.S. obligations, but…
Holiday shoppers heading into the aisles this year are getting a rare bit of relief: the typical Thanksgiving spread is expected to be slightly cheaper overall, even as some key ingredients keep climbing. After several seasons of sticker shock, the core promise for 2025 is a modestly lower grocery bill if you are willing to…
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