Money, Wealth & Power—A Daily Look at the Financial World
When hedge fund manager David Einhorn says gold is catching up with, and may surpass, United States Treasurys as the world’s favorite reserve asset, he is pointing to a shift that is visible in official data. Central banks are reshaping their balance sheets, using bullion and non‑dollar currencies to hedge against rising U.S. debt and…
Marriott’s chief executive has been telling investors that travel is no longer a discretionary treat but a fixed line in many household budgets, including for families with limited income. The company’s latest annual filing backs up that message in financial terms, showing a business that assumes steady demand for trips even when money is tight….
Costco’s informal “20 dollar rule” is simple in concept. The idea is to keep many everyday items at a price that feels like an easy, no‑hesitation grab, and then earn most profit from membership fees and high sales volume. Walmart and Target, by contrast, depend on wider assortments, frequent promotions, and higher‑margin categories that ask…
Peter Schiff has spent years warning that bitcoin is a bubble, but his current focus is less on the token and more on Michael Saylor’s balance sheet. By using low-coupon convertible debt to fund MicroStrategy’s bitcoin buying, Saylor has turned a software firm into a leveraged BTC vehicle. Schiff argues that if bitcoin slid toward…
Tesla’s latest SEC filing and a new move by U.S. safety regulators show that Elon Musk’s Cybercab robotaxi plan is likely to roll out far more slowly than his bold promises suggest. Tesla has now folded Cybercab into its official quarterly report, while the National Highway Traffic Safety Administration has granted a limited testing exemption…
Russia’s talk of bringing back the dollar through a Trump-Putin business deal runs into the hard rules of U.S. sanctions and entrenched global reserve habits. Any such move would have to cut through formal restrictions built to keep many Russian entities away from easy dollar clearing, and those rules now shape almost every Russian transaction…
Massachusetts has long sold itself as a place where talent and capital want to be, yet the population story since 2020 points in a different direction. The state’s official headcount on April 1, 2020 became the baseline for tracking who stayed and who left, and the latest estimates suggest a modest but persistent erosion rather…
Bitcoin traders are used to wild price swings, but a different kind of threat is now looming over the code itself. As governments plan for quantum computers, leading cryptography experts warn that systems built on today’s public-key algorithms could fail in a sudden and far-reaching way. If that happens before Bitcoin adapts, a collapse in…
The latest weekly jobless claims report from the U.S. Department of Labor showed that new applications for unemployment benefits slipped, but not by as much as many forecasters had hoped. Seasonally adjusted initial claims were reported at 220,000 filings for the week ending Saturday, February 7, 2026, while market expectations had centered on a decline…
New York City Mayor Zohran Mamdani is betting that a sharp tax hike on the wealthiest residents is the only way to keep the city from what he calls “staring into the abyss.” In prepared testimony for state lawmakers, he urged a 2% increase in personal income tax on the most affluent New Yorkers, arguing…