Money, Wealth & Power—A Daily Look at the Financial World
The One Big Beautiful Bill Act was pitched as a clean solution to years of policy gridlock. Supporters argued that one sweeping package could resolve fights over taxes, safety net programs, and public investment all at once. Signed into law by President Trump on July 4, 2025, it now carries a very different label from…
A Missouri businessman who tried to walk away from millions in obligations instead walked straight into a financial dead end. By hiding assets while seeking bankruptcy protection, he lost the very shield that was supposed to give him a fresh start, leaving roughly $8.4 million in debt still hanging over him. His case shows how…
Bank of America has quietly warned that the story investors are telling themselves about this market may be incomplete. In a research note on the Q4 2025 earnings season, the bank’s analysts flagged four big themes that, taken together, point to rising risk rather than smooth sailing. The headline items are artificial intelligence spending and…
Vertiv has become one of the clearest stock-market proxies for the AI infrastructure boom, and its latest quarter shows why. The Nvidia partner reported a surge in orders and profit that points to deep demand for the power and cooling gear behind high-end data centers. Management also laid out a 2026 product roadmap tied to…
Wall Street traders spent Wednesday torn between celebration and second thoughts after a blowout U.S. jobs report sent stocks sharply higher before a choppy late-session drift. The strong hiring data jolted expectations for how quickly the Federal Reserve might cut interest rates, turning what looked like a straightforward rally into a debate over whether good…
Jeremy Grantham has spent decades warning investors when markets drift away from reality, and his latest signal is blunt: he thinks U.S. stocks face serious trouble. His long-term valuation models, combined with his public comments on an emerging artificial-intelligence bubble, now point in the same direction. Taken together, they send a clear message that a…
The National Restaurant Association is warning that a Trump-era Federal Trade Commission “junk fees” rule could saddle restaurants with $168 million in new costs and eventually push higher prices onto diners. The group argues that a regulation pitched as a crackdown on hidden charges would instead force thousands of eateries to reprint menus, retrain staff,…
California built its global reputation on climate ambition, yet Governor Gavin Newsom’s latest spending blueprint sharply pares back the state’s environmental muscle just as climate impacts intensify. The plan trims core climate and natural resources programs, then leans on one-time fixes and future borrowing to keep marquee initiatives alive on paper. The result is a…
Vanguard’s Total International Stock ETF has just delivered the kind of performance that forces investors to rethink long-held home bias habits. The Vanguard Total International Stock ETF, known by its ticker VXUS, has returned 38.4% over the past year, more than doubling the 15.0% gain from Vanguard’s broad U.S. tracker VTI and leaving the S&P…
Personal bankruptcies are climbing again in the United States, and the latest numbers are not a blip. New data highlighted by Rep. Brendan Boyle shows filings rising to their highest levels in years under President Donald Trump, with an 11 percent jump in a single year that added roughly 55,000 more cases to the system….