Money, Wealth & Power—A Daily Look at the Financial World
Once hailed as a savvy dealmaker, Jason Ader is now confronting a public unraveling that is as personal as it is financial. His bankruptcy paperwork, which reportedly lists two guinea pigs alongside an Apple Watch, has turned a Wall Street star’s fall from grace into a viral spectacle. Behind the odd inventory of assets lies…
American households are quietly rewriting their budgets as food inflation eats up a larger share of every paycheck. New data shows that even as headline inflation cools, the cost of feeding a family is still rising fast enough to force trade offs on everything from dining out to debt payments. The shift is subtle but…
After months of public sparring over tariffs, oil purchases and geopolitical alignment, Washington and New Delhi have finally locked in a sweeping trade pact that resets one of the world’s most consequential economic relationships. The agreement slashes key duties, ties market access to energy choices and signals that both sides were unwilling to let a…
Immigration and Customs Enforcement has long relied on private companies to build its digital and physical infrastructure, but that relationship is starting to fray in ways that reach far beyond public boycotts. Under pressure from shareholders, employees, and foreign regulators, global firms are quietly restructuring, spinning off units, and rerouting investment to distance themselves from…
Corporate leaders keep invoking artificial intelligence as a job killer, yet the official numbers still show a labor market that looks more bent than broken. The gap between the rhetoric and the data is widening, and into that space has crept a new suspicion: that some executives are using AI as a convenient story to…
Across the United States, the promise of keeping every dollar of your paycheck has turned nine no‑income‑tax states into migration magnets. Yet as more workers eye these destinations, the question is whether skipping state income tax really leaves people ahead or simply shifts the bill into less obvious corners of their budgets. I see a…
Coinbase chief Brian Armstrong has been cast as Wall Street’s latest villain, but he is leaning into the role rather than retreating from it. After a high profile profile branded him the financial sector’s “Enemy No. 1,” the Coinbase CEO fired back, arguing that the real fight is not banks versus crypto but whether the…
The world’s largest private hoard of bullion has quietly become one of Washington’s most important new creditors, turning a fortress of gold into a vast reservoir of U.S. Treasurys. That pivot is unfolding just as traditional foreign buyers step back and gold itself surges on fears about America’s debt path. The result is a feedback…
President Donald Trump is betting that a massive cache of critical minerals can become the backbone of a more resilient American industrial base. With a new $12 billion initiative branded “Project Vault,” the administration is moving to stockpile rare earths and other strategic materials that underpin everything from electric vehicles to fighter jets, while trying…
Oracle is staring at one of the most dramatic restructurings in its history, as market jitters over its swelling debt collide with an aggressive bet on artificial intelligence infrastructure. An analyst has flagged potential cuts of up to 30,000 jobs and the possible sale of major assets, just as the company moves to raise tens…