Money, Wealth & Power—A Daily Look at the Financial World
The U.S. economy added 130,000 jobs in January 2026, the strongest monthly gain in months, while the unemployment rate ticked down to 4.3 percent from 4.4 percent the prior month. The report, released on February 11, arrived alongside a massive downward revision to earlier job estimates, creating a split-screen view of a labor market that…
IMF Chief Economist Pierre-Olivier Gourinchas used the release of the January 2026 World Economic Outlook Update to lay out a series of financial risks that, taken together, amount to a warning about systemic fragility in global markets. While the baseline forecast holds global GDP growth steady at 3.3% for 2026, the fine print tells a…
Global Logistics and Fulfillment, LLC has filed a voluntary petition for Chapter 11 bankruptcy protection in Las Vegas, signaling serious financial distress at the logistics firm. The filing, docketed in the U.S. Bankruptcy Court for the District of Nevada, opens a restructuring process that will test whether the company can reorganize its obligations or faces…
Klarna’s chief executive has signaled that the Swedish fintech company intends to shrink from roughly 3,000 employees to fewer than 2,000 by the end of the decade, driven largely by artificial intelligence replacing human tasks. The target is not new in spirit, but the 2030 timeline and the scale of cuts already completed make it…
Warner Bros. Discovery is accelerating its planned merger with Netflix while simultaneously testing whether a rival suitor can outbid the deal, creating a compressed timeline that could reshape the entertainment industry’s ownership map within weeks. The company has locked in a shareholder vote for March 20, 2026, and its board unanimously backs the Netflix transaction,…
Wisconsin Republican lawmakers have introduced Senate Bill 1 at the start of the 2025 legislative session, targeting property tax relief through an expanded school levy tax credit. The move follows the tax and University of Wisconsin funding debate in the state’s 2025-27 budget cycle, raising questions about how additional property tax relief would be paid…
At the 2026 Munich Security Conference, Rep. Alexandria Ocasio-Cortez pitched a progressive economic vision on a global stage, only to face pointed pushback from an Argentine lawmaker who had watched a similar wealth-tax experiment falter in her own country. The exchange between the New York Democrat and Argentine Deputy Daiana Fernandez Molero exposed a fault…
A proposed constitutional amendment to abolish all real property taxes in Ohio has cleared its first legal hurdle, forcing a hard question that homeowners, renters, and local officials alike will have to answer: if the state eliminates billions of dollars in property tax revenue, how much more would Ohioans need to pay in income taxes…
General Mills Inc. cut its financial outlook after Chief Executive Jeff Harmening warned that inflation, reductions to SNAP benefits, and geopolitical uncertainty are squeezing American households to the breaking point. The announcement dragged shares of the Cheerios maker lower and amplified a broader sell-off across the packaged food sector, where executives are now openly acknowledging…
Apple has scheduled a press event for March 4, 2026, and Apple-focused reporting expects it to feature at least one lower-priced product. Rumors have also pointed to a budget MacBook for spring 2026, and some coverage has speculated that Apple could extend its new “e” branding to a future entry-level iPhone. The history of Apple’s…
Retirement Shield
The money news that hits your wallet
The free Retirement Shield newsletter covers the benefits, tax, and cost-of-living changes that affect what you keep, a couple of times a week.