Money, Wealth & Power—A Daily Look at the Financial World
The head of the world’s largest asset manager is sounding an alarm that Washington can no longer ignore. BlackRock CEO Larry Fink is warning that the United States is drifting toward a full-blown debt crisis, with borrowing costs, political gridlock, and global competition all converging into a threat that could reshape markets and living standards….
Crypto companies and their allies have poured tens of millions of dollars into Washington to shape the rules that will govern their business, only to watch a centerpiece regulatory bill stall at the last moment. The money trail reveals a sophisticated political machine that spans campaign giving, dark-money advocacy, and direct lobbying, all aimed at…
President Donald Trump’s latest financial disclosure shows him moving quickly to capitalize on the streaming industry’s biggest proposed shake up, adding roughly $1 million in bonds tied to Netflix and Warner Bros just days after publicly signaling he would “be involved” in their merger talks. The purchases drop a sitting president directly into the capital…
Wall Street is entering 2026 with stocks near record highs, a second Trump term in the White House and a growing chorus warning that the market’s long run is living on borrowed time. The question investors care about is not whether the next big drop will ever arrive, but whether the combination of stretched valuations…
The moment an economist bursts into laughter while fact checking a president is not just a viral clip, it is a verdict on how far political spin has drifted from measurable reality. When that president is Donald Trump, whose economic storytelling has long stretched the limits of accuracy, the laughter becomes a shorthand for a…
House investigators and federal authorities are now circling one of the most prominent progressive figures in Congress, zeroing in on how Rep. Ilhan Omar’s family wealth appears to have ballooned in just a few years. The scrutiny follows financial disclosures that suggest a dramatic jump in assets, turning a onetime insurgent outsider into a multimillionaire…
Wall Street closed a choppy week with modest declines in the major indexes and a notable surge in the dollar, as investors tried to decipher what President Donald Trump really intends to do with Kevin Hassett and the Federal Reserve. The prospect that a leading Fed Chair contender might stay put at the White House…
President Donald Trump’s revived push to buy Greenland has moved from late-night punchline to live policy debate, complete with internal cost estimates and strategic talking points. The headline numbers are staggering, with a potential price tag approaching $1 trillion and official projections that any meaningful financial payoff would be decades away. The question is no…
The Biden-era language of “friendshoring” has given way to something blunter. U.S. Commerce Secretary Howard Lutnick is now pairing upbeat talk about an American manufacturing boom with a stark warning to foreign memory chipmakers: invest in U.S. plants or face tariffs of up to 100% on key products. The message is aimed squarely at South…
Bill Nye has spent the past year warning that deep cuts to NASA would be an “extinction-level event” for American space exploration. Now that Congress has moved to fully fund the agency despite pressure from the White House, he is responding with a mix of relief, frustration and a renewed warning that flat budgets can…