Money, Wealth & Power—A Daily Look at the Financial World
Wall Street is entering 2026 with stocks near record highs, a second Trump term in the White House and a growing chorus warning that the market’s long run is living on borrowed time. The question investors care about is not whether the next big drop will ever arrive, but whether the combination of stretched valuations…
The moment an economist bursts into laughter while fact checking a president is not just a viral clip, it is a verdict on how far political spin has drifted from measurable reality. When that president is Donald Trump, whose economic storytelling has long stretched the limits of accuracy, the laughter becomes a shorthand for a…
House investigators and federal authorities are now circling one of the most prominent progressive figures in Congress, zeroing in on how Rep. Ilhan Omar’s family wealth appears to have ballooned in just a few years. The scrutiny follows financial disclosures that suggest a dramatic jump in assets, turning a onetime insurgent outsider into a multimillionaire…
Wall Street closed a choppy week with modest declines in the major indexes and a notable surge in the dollar, as investors tried to decipher what President Donald Trump really intends to do with Kevin Hassett and the Federal Reserve. The prospect that a leading Fed Chair contender might stay put at the White House…
President Donald Trump’s revived push to buy Greenland has moved from late-night punchline to live policy debate, complete with internal cost estimates and strategic talking points. The headline numbers are staggering, with a potential price tag approaching $1 trillion and official projections that any meaningful financial payoff would be decades away. The question is no…
The Biden-era language of “friendshoring” has given way to something blunter. U.S. Commerce Secretary Howard Lutnick is now pairing upbeat talk about an American manufacturing boom with a stark warning to foreign memory chipmakers: invest in U.S. plants or face tariffs of up to 100% on key products. The message is aimed squarely at South…
Bill Nye has spent the past year warning that deep cuts to NASA would be an “extinction-level event” for American space exploration. Now that Congress has moved to fully fund the agency despite pressure from the White House, he is responding with a mix of relief, frustration and a renewed warning that flat budgets can…
Tourism has roared back, and the money now flowing across borders is reshaping which countries sit at the top of the global travel economy. The biggest winners are not always those with the most postcard views, but the places that have turned visitor arrivals into serious export income and fiscal firepower. I want to map…
Congress has effectively nullified President Donald Trump’s attempt to gut the nation’s civil space program, approving a bipartisan spending package that keeps NASA’s budget largely intact and protects its core science portfolio. Instead of the sweeping reductions the White House requested, lawmakers delivered a modest trim that still signals long term support for exploration, climate…
Federal Reserve officials are lining up behind the idea that the next policy move could be a cut, and that it might come as soon as the January meeting. After two years of aggressive tightening, the central bank is now signaling that the balance of risks between inflation and jobs has shifted enough that easing…