Money, Wealth & Power—A Daily Look at the Financial World
Canada’s new auto pact with South Korea is more than a diplomatic flourish. It is a deliberate attempt to turn the country into a prime landing spot for electric vehicle and battery factories at a moment when global incentives and trade rules are shifting fast. By inviting Korean automakers and battery giants to build on…
Canada’s federal government is moving to claw back public money from General Motors after the automaker slashed jobs at its flagship Ontario truck plant, igniting a high-stakes fight over what taxpayers should expect in return for corporate subsidies. The confrontation lands just as hundreds of autoworkers are walking out of the Oshawa facility for the…
America’s factories were supposed to be the big winners of Donald Trump’s second term. Instead, the country’s most politically prized industry is caught between a tariff shock, a currency gamble, and a supply chain experiment that is still very much in progress. The question now is not whether manufacturing is under strain, but whether the…
South Carolina’s record-setting incentive package for Scout Motors was supposed to be a clean, capped bet on thousands of electric vehicle jobs. Instead, the public cost of the project has already blown past expectations, with the state now roughly $150 million over its original budget for the Blythewood manufacturing campus. The gap is forcing lawmakers…
Americans have never been more tied to the stock market. With roughly 45% of household financial assets now sitting in equities, families are riding a bull run that has lifted wealth on paper while quietly concentrating risk. That exposure is rising just as several key market gauges and policymakers warn that the next chapter may…
Jim Cramer is telling investors that the easy money phase of this bull run is over and that unrealized gains are not a safety net for what could come next. His message is blunt: take profits in the most speculative corners of your portfolio now so you are not forced to sell quality holdings in…
Jeffrey Gundlach has spent years warning that the era of easy money and a relentlessly strong dollar would not last. Now the investor widely known as the “Bond King” is spelling out how he thinks portfolios should be rebuilt for a world of stubborn inflation and a weaker greenback. His message is blunt: treat the…
BlackRock’s latest hit in private credit has become a stress test for an entire corner of global finance that usually prefers to operate out of sight. A sharp markdown at BlackRock TCP Capital and a separate 100% loss on a private loan have jolted investors who had treated this opaque asset class as a relatively…
Across the American West, the winter economy that depends on deep snow and reliable cold is buckling under a season that looks more like late March than midwinter. From Colorado to New England, resort operators and small shop owners describe a brutal crunch in which lifts sit idle, hotel rooms go empty, and the bills…
Inflation is supposed to be the great leveler, but in the aisles of Walmart it is sorting shoppers into winners and losers. As everyday customers stretch paychecks to cover rent and groceries, the retailer is quietly turning into a destination for households that once treated it as a last resort. The result is a company…
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