Money, Wealth & Power—A Daily Look at the Financial World
Americans have never been more tied to the stock market. With roughly 45% of household financial assets now sitting in equities, families are riding a bull run that has lifted wealth on paper while quietly concentrating risk. That exposure is rising just as several key market gauges and policymakers warn that the next chapter may…
Jim Cramer is telling investors that the easy money phase of this bull run is over and that unrealized gains are not a safety net for what could come next. His message is blunt: take profits in the most speculative corners of your portfolio now so you are not forced to sell quality holdings in…
Jeffrey Gundlach has spent years warning that the era of easy money and a relentlessly strong dollar would not last. Now the investor widely known as the “Bond King” is spelling out how he thinks portfolios should be rebuilt for a world of stubborn inflation and a weaker greenback. His message is blunt: treat the…
BlackRock’s latest hit in private credit has become a stress test for an entire corner of global finance that usually prefers to operate out of sight. A sharp markdown at BlackRock TCP Capital and a separate 100% loss on a private loan have jolted investors who had treated this opaque asset class as a relatively…
Across the American West, the winter economy that depends on deep snow and reliable cold is buckling under a season that looks more like late March than midwinter. From Colorado to New England, resort operators and small shop owners describe a brutal crunch in which lifts sit idle, hotel rooms go empty, and the bills…
Inflation is supposed to be the great leveler, but in the aisles of Walmart it is sorting shoppers into winners and losers. As everyday customers stretch paychecks to cover rent and groceries, the retailer is quietly turning into a destination for households that once treated it as a last resort. The result is a company…
Oil is back in the geopolitical danger zone. Benchmark prices have jumped to a six month high as traders rapidly price in the risk that the United States could launch strikes on Iran, turning a tense standoff into a direct confrontation. The move has revived fears of a supply shock at a moment when global…
The dollar’s slide has been swift and politically charged. Over the past year, the U.S. currency has dropped about 10% against a basket of major peers, and President Trump is publicly cheering the move as “great” for America. I see a more complicated picture, one where exporters may celebrate but households face higher prices, thinner…
The chorus of experts who anticipated the 2008 meltdown is growing louder again, and this time their warnings point to a shock that could eclipse the last crisis. Several of the economists who built their reputations by flagging the housing bust and its fallout now argue that the United States faces a deeper, more systemic…
Meta is turning its artificial intelligence obsession into hard numbers, delivering record quarterly sales while committing to one of the most aggressive spending plans in Silicon Valley. Revenue is surging across its core apps even as the company prepares to pour unprecedented sums into data centers, custom chips, and generative models. The result is a…