Money, Wealth & Power—A Daily Look at the Financial World
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…
The United States is confronting a long running erosion in its public finances that has already produced past credit rating downgrades and continues to worry investors who track the country’s debt, deficits, and political gridlock. Even without a fresh cut in the headline sovereign rating right now, the underlying story is that the fiscal picture…
Health care workers are warning that President Donald Trump’s new student loan plan does more than trim federal spending, arguing it effectively downgrades nursing from a recognized profession to a second-tier job. By stripping nursing programs of “professional degree” status and capping how much students can borrow, they say the administration is sending a blunt…
Donald Trump’s decision to roll back some of his own tariffs has turned a long-running political argument into an unusually clear economic confession. By easing levies that his administration once sold as cost-free toughness on trade, the White House is implicitly acknowledging what shoppers have felt for years: those tariffs helped push prices higher and…
OpenAI’s rapid ascent has been powered not only by breakthroughs in generative models but by an enormous buildout of physical infrastructure that sits on other companies’ balance sheets. Those partners, from cloud giants to specialist data center operators, are now carrying about $96 billion in debt tied to supplying the “compute” that keeps OpenAI’s systems…
President Donald Trump’s promise to pardon former Honduran president Juan Orlando Hernández, who is serving a lengthy U.S. sentence in a drug trafficking case, has jolted politics in both countries and triggered a wave of criticism from lawmakers and law enforcement veterans. The move ties U.S. clemency power directly to a polarizing figure in Central…