Money, Wealth & Power—A Daily Look at the Financial World
America’s debt pile has grown so large that it now shapes every conversation about interest rates, markets and long‑term growth. To understand whether that trajectory ends in a full‑blown crisis, I find it more useful to compare the United States with other heavily indebted countries than to argue in the abstract about “too much” borrowing….
Black Friday is once again proving to be a stress test for the American consumer, and so far the numbers point to surprising strength rather than a pullback. Even as households juggle higher borrowing costs and lingering inflation, shoppers are still turning out for deals, reshaping how and where they spend rather than retreating from…
Across the country, anger over the cost of living is no longer a background hum, it is the dominant soundtrack of daily life. A growing number of strategists argue that the fury is not just about inflation in the abstract, but about a specific trap: households earning around $140,000 a year who feel too “rich”…
President Donald Trump is pitching his new tariff “dividend” as a simple way to turn trade policy into cash in voters’ pockets, but the backlash has been swift from economists, lawmakers and even some conservatives who usually cheer tax cuts. The promise of checks funded by tariffs collides with the reality that these levies are…
Kevin Hassett is no longer just a name on the long list of potential central bankers in Washington; he is openly signaling that he is prepared to take the gavel at the Federal Reserve if President Donald Trump calls. His public comments, combined with a flurry of reporting that casts him as the leading contender,…
President Donald Trump is confronting the steepest slide in public support of his second term, with multiple national surveys now converging on the same conclusion: his standing with voters has eroded sharply in just a few weeks. The latest numbers show his approval sinking into the high 30s and even the mid 30s in some…
President Donald Trump has moved a simmering dispute with Caracas into the skies, declaring that the airspace above and around Venezuela should now be treated as off limits. His warning, delivered in public remarks and amplified online, instantly raised questions about legal authority, aviation safety and the next phase of a long running confrontation with…
Nearly half of the country is now flashing recessionary warning lights, with twenty-three states already meeting a common rule-of-thumb definition of contraction and several others hovering just above the line. As growth cools and regional economies diverge, the risk is shifting from isolated slowdowns to a broader drag on national GDP that could be harder…
The destruction of a vast Russian stockpile of Iranian-made attack drones has abruptly removed a major threat from Ukraine’s skies and exposed how vulnerable Moscow’s supply chain has become. By wiping out roughly 1,000 Shahed systems in a single operation, Ukrainian forces did not just erase an estimated nine-figure cache, they also signaled that Russia’s…
US shoppers pushed Black Friday e-commerce to a new high, with Adobe estimating that online spending reached about $11.8 billion as discounts and flexible payment options drew consumers to digital checkouts. The record haul underscores how holiday demand is increasingly shifting to the web even as households juggle inflation, higher borrowing costs, and lingering economic…