Money, Wealth & Power—A Daily Look at the Financial World
The United Nations is pressing the United States and other member states for answers over a ballooning pile of unpaid dues that senior officials say is pushing the organization toward a cash crunch. Secretary-General António Guterres has warned that nearly $1.6 billion in arrears is already on the books, even before disputed estimates of a…
Economists Gregory Daco and Mark Zandi are warning that the United States’ strong growth numbers may be masking rising risks for ordinary Americans. Even as gross domestic product (GDP) climbs, they see signs that many households, small businesses, and younger workers could be hit hard if the economy slows, raising doubts about how solid the…
The gap between rich and poor cities in the United States is not just about who earns more on paper. Once you adjust incomes for what they actually buy, the map of American prosperity looks very different. A six-figure salary in one metro can feel tight, while a far smaller paycheck somewhere else can cover…
Chegg’s latest leadership shake-up underscores how sharply executive fortunes can diverge from worker realities. A Bay Area tech chief is set to depart with a $3.5 million package even as the company trims staff and tightens budgets. The gap between a CEO’s negotiated exit and the uncertainty facing laid-off employees has become a defining fault…
The latest Job Openings and Labor Turnover Survey from the U.S. Bureau of Labor Statistics suggests that headline payroll numbers may be missing a growing share of job losses. While the official unemployment rate still looks relatively steady, the churn in hiring, openings, and separations points to a softer labor market than many workers experience…
Mark Cuban has turned his fight over high drug prices into a political challenge, urging Donald Trump to “crush big medicine” and back his bare-bones approach to prescription costs. His pitch is simple: strip away middlemen, publish the math, and let patients see exactly what they are paying for. A cardiologist pushing back on that…
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…
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