Money, Wealth & Power—A Daily Look at the Financial World
Grocery shoppers have been promised relief as President Donald Trump tears up some of his own food tariffs, but the gap between policy headlines and the price at the register is stubbornly wide. Tariff cuts can, in theory, pull certain staples lower, yet the structure of supermarket supply chains means any plunge in prices is…
U.S. bank shares are under heavy pressure as Wall Street races to price in President Donald Trump’s proposed 10% ceiling on credit card interest. The looming deadline for lenders to respond has turned a long-simmering political promise into an immediate market test, with traders dumping financial stocks and scrambling to gauge how far profits and…
President Donald Trump has repeatedly floated the idea of replacing the federal income tax with tariffs, telling Americans that future federal operations could be funded without traditional income levies. If that vision ever moved from rally line to law, the shock would not be evenly distributed, and some states would be far more exposed than…
When large sums of cash arrive in a poor community, the change can look like magic at first glance: debts vanish, roofs get fixed, and market stalls suddenly fill with new goods. Yet what really happens when so‑called “free money” floods a fragile economy is far more complex than a simple before‑and‑after snapshot. The evidence…
The Trump administration’s new “common sense” food pyramid puts meat and other animal proteins at the top of the plate, recasting decades of federal nutrition advice around a protein-first message. The shift promises bigger portions of steak and eggs, but it also raises immediate questions about what that means for grocery bills, health risks and…
Across the world, billionaire fortunes are hitting fresh records just as everyday paychecks are stretched by higher rents, pricier groceries and rising debt. The result is a widening gap between those whose wealth compounds quietly in the background and those whose wages barely keep up with the checkout total. I want to unpack how that…
The artificial intelligence trade has already mints its first generation of winners, but the next leg of upside is likely to come from stocks that still trade at reasonable valuations. I see a handful of chipmakers, platform giants and contrarian software names that could power the next bull run in AI while still looking cheap…
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…
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