Money, Wealth & Power—A Daily Look at the Financial World
Texas is testing how far a state can go in tying everyday life to immigration status, and the backlash is coming from places Republican leaders do not usually expect: county tax offices and the auto industry. A new push to tighten identification rules for vehicle registration has united local officials, car dealers and immigrant advocates…
President Donald Trump’s call for a one year, 10% ceiling on credit card interest has put Wall Street’s most powerful executives on the spot. The idea sounds simple and popular, but the people who actually run the card business say it would ripple through everything from bank earnings to who gets approved for plastic in…
Across the United States, drivers pulling up to the green pump are finding that diesel often costs more than regular gasoline, even in regions with the highest gas prices. On the other side of the Atlantic, many European motorists still pay less for diesel than for petrol, despite their reputation for steep fuel taxes. The…
President Donald Trump’s latest tariff threats have turned a long‑running dispute over Greenland into a direct shock for European markets, hitting everything from car stocks to corporate borrowing costs. Investors are suddenly having to reprice the risk that a political standoff could morph into a full‑blown trade war between the United States and key European…
Asia-Pacific equities started the week on the back foot as traders tried to price a rare mix of geopolitical brinkmanship and slowing economic momentum. Benchmarks across Asia and the Pacific slipped while investors weighed escalating tensions around Greenland and braced for a fresh batch of China data that could confirm a loss of speed in…
Markets have spent the start of 2026 fixated on a single number that now acts as a kind of speed limit for the expansion. If the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures index, loses momentum in the wrong way, the chain reaction through earnings, valuations and sentiment could be the most destabilizing…
Half of veterans are walking away from their first civilian jobs within a year, even as their spouses face some of the highest unemployment and underemployment rates in the country. At the same time, one major financial institution is promising a $500 million push to stabilize military family finances and keep talent in the workforce….
Netflix has torn up its original playbook for buying Warner Bros. Discovery and returned with a jolt to Hollywood’s system: an all-cash offer for the entire company. The revised bid, valued at $72 billion, swaps financial engineering for hard currency and instantly raises the stakes for every rival studio and streamer watching from the sidelines….
First Brands Group has told a Houston court that without a fresh $600 m lifeline, the auto parts maker will have to shut down, putting a decade of debt-fueled expansion and a vast supply chain at risk. The company is already in Chapter 11 and says that without $600 million in new money, it cannot…
A major Danish pension manager is walking away from a chunk of the safest asset in global finance, and it is doing so with unusually blunt language about the state of America’s books. By deciding to sell roughly $100 million in U.S. government debt, the fund is turning a routine portfolio move into a pointed…