Money, Wealth & Power—A Daily Look at the Financial World
Amazon is starting to feel the bite of President Trump’s latest tariffs, and shoppers are responding in the most predictable way possible: they are trading down. Instead of paying more for familiar labels, customers are abandoning big brands in favor of cheaper alternatives, a shift that Amazon CEO Andy Jassy says is already visible in…
Nvidia’s gravity-defying run is finally meeting resistance. After a blistering stretch in which the chip designer became the market’s purest play on artificial intelligence, its stock has started to slide as investors question how long the industry can sustain breakneck growth. The pullback is not just about one bad day of trading, it is a…
The sudden rush to dump dollars and Treasurys has turned a simmering geopolitical dispute into a full‑blown market story, with investors racing into gold as if a fire alarm had gone off on Wall Street. What began as another round of tough talk from President Donald Trump over Greenland has morphed into a broader “Sell…
An elderly Texas grandmother who thought she had lost nearly all her savings to fraud has forced a rare about-face from one of the country’s biggest banks. After weeks of refusing to reimburse her, Wells Fargo returned roughly $15,000 to the 83-year-old only after television cameras and national coverage put a spotlight on her case….
President Donald Trump is escalating his long‑running feud with major institutions by vowing to sue JPMorgan Chase for what he describes as politically motivated “debanking” after the January 6 attack on the U.S. Capitol. He is casting the threatened case as a test of whether powerful financial firms can quietly cut off access to money…
President Donald Trump’s latest move on student loans pauses some of the harshest collection tools just as younger voters are voicing anger over affordability. A prominent watchdog has branded the maneuver “beyond ridiculous,” arguing that the temporary freeze is less a coherent policy than a political gambit aimed at Gen Z borrowers. The clash over…
President Donald Trump’s push to cap credit card interest rates at 10% for one year has collided head‑on with Wall Street’s largest lenders, and Bank of America is emerging as one of the most forceful critics. The bank’s leadership is warning that a hard ceiling on rates would not simply trim profits, it would reshape…
The Trump administration is signaling that banks may soon unveil a new kind of plastic branded as “Trump cards,” a proposal that fuses the White House’s populist credit card push with its broader fight over access to financial services. The idea lands at a moment when President Donald Trump is pressuring lenders on interest rates…
President Donald Trump is preparing to halt federal payments to jurisdictions with sanctuary policies starting February 1, a sweeping move his allies frame as a crackdown on crime and misuse of public money. The plan would target cities and states that limit cooperation with federal immigration authorities, potentially touching everything from housing grants to transportation…
Protests that began after a federal immigration officer shot a man in Minneapolis have escalated into a national test of presidential power, as President Donald Trump threatens to invoke the Insurrection Act to send active-duty troops into Minnesota. The confrontation is no longer only about a deadly encounter on an icy city street, but about…