Money, Wealth & Power—A Daily Look at the Financial World
Ken Griffin is betting that the inflation scare is not coming back in full force, but he is not promising a painless landing either. The founder and CEO of Citadel expects price growth to settle in a band between the mid 2 percent and 3 percent range next year, a level that would sit slightly…
Bitcoin’s latest slide has turned Michael Saylor’s high‑conviction bet into a live stress test. The former software executive has spent years transforming MicroStrategy into a kind of publicly traded Bitcoin vault, arguing that volatility is the price of long‑term upside. With the token under pressure and leverage baked into the structure, the question now is…
The next chair of the Federal Reserve will take office at a moment of strong growth, stubborn inflation risks, and deep political polarization. With President Donald Trump openly demanding loyalty on interest rates, the central bank’s next leader will be chosen less for distance from politics than for alignment with the White House’s economic instincts….
Rising American tariffs were designed to squeeze foreign competitors, especially in Asia, and to pull production back to U.S. soil. Instead, they have supercharged a different trend: a rapid redirection of global supply chains toward the southern border. As companies race to stay inside the U.S. market while dodging higher duties, Mexico has emerged as…
The U.S. economy has shifted back into high gear, with growth in the latest quarter accelerating at the fastest pace in two years as households kept spending despite higher prices and borrowing costs. At the center of that surprise is the American consumer, whose willingness to travel, dine out and keep upgrading everything from cars…
Bitcoin’s next act is already being scripted by one of its most vocal institutional advocates. Swan Bitcoin founder and CEO Cory Klippsten is publicly calling for BTC to climb to a fresh record in 2026, framing the coming cycle as more measured than the manic surges that defined earlier peaks. His thesis hinges on a…
American households are paying more for electricity, and the trend is not slowing down. Power bills have been rising faster than overall U.S. inflation, squeezing budgets just as energy-hungry data centers and electric vehicles ramp up demand. Behind the scenes, researchers and utilities are testing a counterintuitive idea that could blunt those increases: invite new,…
One of the cofounders of Palantir recently dismissed elite college undergraduates as a “loser generation,” a phrase that lands like a slap in a moment when students are already questioning the value of their degrees and their place in a volatile economy. The remark crystallizes a widening rift between tech elites who see higher education…
Canadian visitors once filled Seattle’s waterfront hotels, outlet malls and stadium seats, but that familiar stream has thinned into a trickle. The drop is now big enough to show up in national ledgers, with U.S. tourism bleeding billions of dollars as cross-border travel patterns shift and Canadians quietly choose other destinations. What looks like a…
When a single employer dominates a rural economy, a closure is not just a business story, it is a community shock that rearranges every part of daily life. In a small Nebraska town built around a beef plant, thousands of workers are now watching the floor drop out from under them, and the ripple effects…