Money, Wealth & Power—A Daily Look at the Financial World
The Supreme Court is on the verge of deciding how far President Donald Trump can go in using tariffs as a unilateral tool, and the stakes extend far beyond trade. If the justices endorse his emergency tariff strategy, legal experts say it could effectively hand the White House a broad power to levy taxes on…
Google co-founder Larry Page has quietly executed one of the priciest residential moves in American history, assembling a Miami waterfront compound for roughly $173 million and, in the process, positioning himself to save millions in future taxes. The deal drops one of Silicon Valley’s most influential fortunes into Florida at the exact moment California is…
Tax filing for 2026 is shaping up to be very different from the last few years, with a larger standard deduction and a fresh round of business-friendly write offs reshaping how much income actually gets taxed. The changes grow out of President Trump’s “One Big Beautiful Bill,” which locks in several individual breaks while expanding…
The Supreme Court’s looming decision on President Donald Trump’s emergency tariffs has already reshaped the rules for importers, with a new, hard deadline for refund claims and a rapid shift to digital processing. Instead of waiting for the justices to rule, trade officials have locked in a timetable that could determine who recovers billions in…
California is testing a radical idea in tax policy: instead of waiting for billionaires to sell stock or cash out, the state would tax a slice of their fortunes directly. The proposal, branded as a one-time levy on extreme wealth, could reshape how some of the richest people on earth relate to the state that…
President Donald Trump has floated the idea of sending most households a one-time $2,000 “tariff dividend,” pitching it as a way to give Amer families a share of the money collected at the border. The promise sounds simple: tariffs go up, checks go out, and ordinary consumers come out ahead. The reality is more complicated,…
Millions of workers are starting the year with a quiet but meaningful shift in their favor: federal tax changes that can leave more money in each paycheck. The new rules, driven by President Donald Trump’s latest tax package and routine Internal Revenue Service adjustments, are beginning to filter into payroll systems and could reshape how…
The penny is vanishing from American cash drawers, but the real fight is happening at the checkout screen. As stores reprogram registers and lawmakers rush to catch up, the country is arguing over a deceptively simple question: when a total lands between nickels, should the final price tilt in favor of the shopper or the…
Tax season in 2026 is shaping up to be unusually complicated, with President Donald Trump’s latest tax changes promising bigger refunds for some households and higher bills for others. The headline-grabbing claim is that families could see checks worth several thousand dollars, even figures like $9,033, as the new law and retroactive breaks filter through…
Pulling $5,000 in cash out of your bank feels like a big move, and it often sparks an even bigger worry: will this put me on some government list. The short answer is that a single $5,000 withdrawal does not automatically trigger an IRS report, but it does sit inside a web of rules that…