Money, Wealth & Power—A Daily Look at the Financial World
Nobel Prize-winning economist Joseph Stiglitz has warned that President Trump’s trade policies are turning the United States into a “scary place to invest,” increasing the risk of stagflation as GDP growth has already slowed. The warning comes ahead of a new 10% import surcharge scheduled to take effect on February 24, 2026, layering fresh costs…
The Supreme Court struck down President Trump’s sweeping tariffs imposed under the International Emergency Economic Powers Act, or IEEPA, and the ruling has set off a corporate scramble for refunds on billions of dollars in collected duties. For collectors of luxury Swiss watches and other high-end imports that carried steep tariff surcharges, the decision could…
Warren Buffett used his 2025 shareholder letter to make a striking claim: if roughly 800 of the largest U.S. corporations matched Berkshire Hathaway’s federal tax contributions, individual Americans would owe nothing to the IRS, and Social Security could be fully funded without raising personal rates. The assertion, delivered alongside Berkshire’s 2024 annual report, doubles as…
Heartland Coca-Cola Bottling Company has opened a massive new production campus in Olathe, Kansas, backed by more than $400 million in investment and built to run four high-speed production lines across 700,000 square feet. The facility, which sits on 150 acres, represents one of the largest single-site beverage manufacturing expansions in the Coca-Cola system in…
The U.S. economy is projected to add 5.2 million jobs between 2024 and 2034, and the gains are not spread evenly. Federal labor data published in January 2026 shows hiring concentrated in healthcare, clean energy, and cybersecurity, with several roles growing at two to four times the national average. For workers weighing a career shift…
Ohio Governor Mike DeWine has warned that a proposed constitutional amendment to eliminate property taxes statewide could lead to a dramatic increase in the state sales tax to cover the resulting revenue gap. The warning follows a formal step forward for the ballot initiative: Ohio Attorney General Dave Yost accepted the petition title and summary…
Oregon lawmakers are advancing legislation that would dramatically expand property tax exemptions for large-scale data centers, building on the state’s existing enterprise zone framework to offer abatements stretching up to 15 years. The proposal arrives as tech companies race to build massive server farms to power artificial intelligence workloads, raising hard questions about whether rural…
Amazon is weighing a contribution of up to $50 billion to OpenAI’s latest funding round, a move that would rank among the largest single corporate bets on artificial intelligence ever made. The potential investment arrives as Amazon CEO Andy Jassy has told employees that AI-driven efficiency will shrink the company’s workforce, raising a pointed question:…
Warren Buffett, who is scheduled to step down as Berkshire Hathaway CEO at the end of 2025, spent decades telling investors that market chaos is not a threat but an invitation. His shareholder letters, written over nearly six decades, repeatedly made the same case: panic selling destroys wealth, while disciplined buying during downturns builds it….
Microsoft is directing its Seattle-area workforce to return to the office three days per week starting February 23, according to an internal company memo. The mandate, communicated by corporate vice president Amy Coleman, signals a firm departure from the flexible remote arrangements that defined the company’s pandemic-era workplace culture. The policy will roll out in…