Money, Wealth & Power—A Daily Look at the Financial World
When President Trump ran for a second term, he put a simple, dramatic pledge at the center of his economic pitch: he said he would cut household energy bills by 50% within his first year back in office. Twelve months on, the numbers on electricity, natural gas and home heating tell a very different story….
Meta is cutting deep into its metaverse ambitions, eliminating 331 Reality Labs roles in Washington in a move that hits the Seattle tech corridor at a vulnerable moment. The job losses are part of a broader restructuring of the company’s virtual and augmented reality business, which has already shed roughly a tenth of its global…
President Trump’s return to the Oval Office has coincided with a sharp acceleration in federal borrowing, with a fiscal watchdog estimating that the national debt jumped by roughly $2.25 trillion in his first year back in power. That surge, layered on top of earlier policy choices like his signature tax law, is reshaping the long…
Billionaire hedge fund managers are quietly rotating out of one of Wall Street’s most beloved growth stories and into a niche BlackRock vehicle tied to Bitcoin. The shift pits the steady, cash‑gushing power of Amazon against a speculative bet that a single exchange‑traded fund could ultimately climb as much as 13,500%, according to some of…
The latest Wall Street rout has fused geopolitics and markets in a way that is hard to ignore. The Dow has slumped more than 850 points while the dollar has weakened, as investors try to price the fallout from President Trump’s escalating Greenland tariff threats and a deepening rift with Europe over trade. What began…
Federal prosecutors say a small group inside President Donald Trump’s tech-focused DOGE initiative crossed a bright red line: tapping into the Social Security Administration’s most sensitive systems and quietly moving data to an outside server. The Department of Justice now alleges that DOGE staffers working inside the agency tried to create a live replica of…
Recession talk and rapid advances in automation have many workers wondering which careers can actually survive the next downturn and the rise of AI. I focus here on hands-on and public-facing roles that do not require a bachelor’s degree, yet typically pay $50K or more once you are established. Each job combines strong demand with…
President Donald Trump is selling his new health agenda as a windfall for families, promising that the government will send cash directly to people to help them buy coverage. At the same time, premiums on the Affordable Care Act Marketplaces are climbing sharply and key subsidies have been allowed to lapse, leaving many households facing…
A 35-year-old digital nomad has turned pet sitting into a full-time lifestyle, earning around $60,000 a year while skipping rent entirely and keeping their life packed into just two suitcases. Instead of a fixed address, they rotate through homes around the world, trading animal care and house stewardship for a place to stay. It is…
President Donald Trump’s threat to slap tariffs on European allies over a stalled bid to acquire Greenland has triggered a market jolt that goes far beyond another trade skirmish. The reaction has laid bare how a United States carrying roughly $34 trillion in debt is far more vulnerable to sudden shifts in investor confidence than…