Money, Wealth & Power—A Daily Look at the Financial World
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….
Nikki Haley is turning her party’s favorite talking point on its head, arguing that the Trump economy is not the success story Republicans keep selling but a strain that leaves families without a sense of progress. Her warning is blunt: if voters do not start to feel genuine hope about their own finances, the GOP…
European Union policymakers are preparing to clamp down on methane leaks across the oil and gas supply chain, and one of the world’s biggest producers is sounding an alarm about the price tag. An Exxon executive has warned that the bloc’s new methane rules could lift refiners’ crude costs by 13 percent, a jump that…
Cuba is running out of fuel, and with it, time. As the island’s reserves dwindle to what officials describe as only days of supply, President Donald Trump is under mounting pressure from Republican lawmakers to close a remaining embargo loophole that still allows some licensed trade. The fight over that gap is no longer an…
Chipotle is preparing to charge more for its burritos again, and its leadership is signaling little concern about scaring off its core clientele. The company’s top executive, Chipotle CEO Scott Boatwright, has argued that most of the chain’s diners earn more than $100,000 a year, a profile that he suggests can comfortably absorb higher menu…
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