Money, Wealth & Power—A Daily Look at the Financial World
The American job market is sending mixed signals: official data still shows relatively low unemployment and steady paychecks, yet workers describe their prospects as bleak and employers are quietly tightening the screws. The disconnect is so sharp that even Federal Reserve officials now argue that the labor market can feel terrible without the spectacle of…
Bill Ackman is preparing to take his flagship hedge fund business to the public markets, potentially giving everyday investors a rare way to buy into one of Wall Street’s most closely watched managers. The plan centers on a new listed vehicle and a possible firm-level float in 2026, raising the question that matters most to…
Artificial intelligence is no longer just a buzzword in software, it is rapidly reshaping the physical grid that keeps the lights on. As tech companies race to build bigger and more powerful data centers to train and run AI models, the electricity demand behind that boom is starting to filter into household power bills. I…
Wall Street is heading into the Federal Reserve’s final policy meeting of the year with nerves frayed, after stocks just suffered their weakest November since the depths of the 2008 crisis. The market’s slide has sharpened the focus on whether policymakers will deliver a December rate cut that traders increasingly see as a test of…
Nvidia’s latest lurch in value has reignited a familiar debate on Wall Street: whether the artificial intelligence trade is entering a more volatile, late-cycle phase rather than a fresh leg higher. The company has swung from euphoric gains to sharp losses in a matter of sessions, and the idea of it adding hundreds of billions…
The fight over interest rates in Washington has shifted from the Federal Reserve’s policy decisions to the plumbing that makes those decisions work. As borrowing costs remain a central political and economic flashpoint, the Treasury secretary is now challenging the Fed’s framework for steering short term rates, turning a technical debate over “ample reserves” into…
Jim Cramer is not backing away from Nvidia, even as the stock whipsaws on every new headline about artificial intelligence, interest rates, or chip demand. He has framed the chipmaker as a core holding at the center of a once‑in‑a‑generation technology shift, not a name to rent for a quick trade. His stance rests on…
Gas prices have quietly slipped below the three dollar mark across most of the United States just as the Thanksgiving travel rush gets underway, easing one of the biggest cost pressures on drivers. The shift reflects a rare alignment of softer global oil prices, steady refinery output, and cooling demand that is giving holiday travelers…
Federal Reserve Chair Jerome Powell has been edging from polite caution to blunt alarm about the stock market, and the shift is colliding head on with President Donald Trump’s escalating tariff strategy. What began as a warning that equities looked “richly valued” has evolved into a broader concern that trade policy, inflation and market froth…
JD Vance is betting that a sweeping legal assault on campaign finance rules will help Republicans dominate the money race in 2026 and beyond. I see a different risk: if voters come to view him as the architect of a system that lets billionaires buy elections outright, the political backlash could swamp any fundraising advantage…