Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump’s early 2025 executive order calling for a U.S. sovereign wealth fund set off a chain of events that has quietly reshaped the U.S. International Development Finance Corporation, a federal agency originally designed to support overseas development. What began as a 90-day planning exercise for a new national investment vehicle has instead become…
Meta CEO Mark Zuckerberg and his wife Priscilla Chan are reportedly shopping for a waterfront mansion on Indian Creek Island in Miami, a gated enclave already home to some of the wealthiest people in the country. The reported purchase, with an estimated price range between $150 million and $200 million, comes as California advances a…
Consumer staples prices across the United States have reached levels not seen in a quarter century, stretching household budgets and pushing stock valuations for the sector into territory that has historically preceded sharp corrections. Grocery prices alone have climbed roughly 26% over five years, and packaged food sales in the U.S. have stagnated as shoppers…
The Supreme Court struck down President Trump’s sweeping tariff regime in February 2026, invalidating executive orders that had imposed duties on imports from nearly every U.S. trading partner. But weeks after the ruling, American consumers searching for lower prices on electronics, household goods, and industrial materials are finding the same sticker shock they faced before…
JPMorgan Chase CEO Jamie Dimon delivered a pointed warning to investors during the bank’s latest company update, urging those riding the current market rally to “take a deep breath and watch out.” The remarks came as JPMorgan simultaneously pitched shareholders on a spending plan that amounts to roughly $2 billion per week in operating costs,…
Democratic Socialists of America allies in the New York State Legislature are advancing a progressive income tax bill that begins hitting earners at $323,200, a threshold far below the million-dollar line that dominates campaign messaging. The measure, Assembly Bill 2023-A3115, is tied to DSA-backed Assemblymember Zohran Mamdani, who is now running for New York City…
The U.S. Department of Agriculture released per-acre payment rates for its $12 billion Farmer Bridge Assistance Program on December 31, outlining key details of a one-time subsidy package first announced weeks earlier by President Trump and Secretary of Agriculture Brooke L. Rollins. The bulk of the money, up to $11 billion, flows to row-crop producers,…
Bitcoin miners are staring down a profitability squeeze after a punishing stretch that pushed expected revenue per unit of computing power to a record low. Data from Luxor’s Hashrate Index shows that the average USD hashprice in December 2025 fell to $37.89 per petahash per second per day, a new all-time low for the metric….
A wave of new import tariffs that took effect in spring 2025 has driven sharp retail price increases on groceries, vehicles, and clothing, hitting American household budgets across three of the most common spending categories at once. The cost shock traces directly to executive actions imposing broad ad valorem duties on imported goods, with some…
Taiwan’s government has flatly refused to reopen the terms of its recently signed trade agreement with the United States after a Supreme Court ruling limited presidential tariff authority. Vice Premier Cheng Li-chiun told reporters that preferential tariff treatment for Taiwan’s exports, set at 15 percent under the arrangement with Washington, will not change. The comments…