Money, Wealth & Power—A Daily Look at the Financial World
Sharpie maker Newell Brands is cutting hundreds of jobs and swallowing a hefty restructuring charge as tariffs and weak demand squeeze one of America’s most familiar consumer-goods groups. The company is eliminating roughly 900 roles worldwide and booking about $90 million in related costs, a stark sign of how trade policy and pricing missteps are…
Gasoline is suddenly the rare household staple that is getting cheaper instead of more expensive, yet the political conversation around energy costs sounds more panicked than relieved. With the national average for a gallon of Regular hovering around $2.88, Democrats are still talking as if fuel is spiraling out of control, a disconnect that reveals…
Big banks are quietly erasing hundreds of branches from the map, and the impact is landing hardest on customers who can least afford to lose in-person service. What looks like a tidy efficiency play on a balance sheet is, at street level, a reshaping of where and how people can access basic financial services. As…
The Federal Reserve has cut interest rates again, trimming borrowing costs even as officials warn there is no easy way to steer the economy to a soft landing. At the same time, a leading economist is sounding the alarm that millions of Americans are already stretched so thin that even a modest downturn could tip…
Millennials are entering midlife in a split-screen economy, where some are finally building real wealth while others are stuck juggling rent, debt, and rising prices. The result is a generation that looks prosperous on paper yet is riven by a widening wage and wealth divide that shapes everything from career choices to family plans. That…
The United States has turned a simmering sanctions campaign against Venezuela into a live maritime confrontation, with the U.S. Coast Guard now tracking a third oil tanker accused of moving sanctioned crude. The pursuit has jolted global oil markets, sharpened tensions with Nicolás Maduro’s government, and pulled in outside powers that see Venezuela’s barrels as…
The Trump administration is betting that a new, ultra‑expensive visa pathway can turn immigration into a direct profit center for the federal government. Branded the Trump Gold Card, the program invites wealthy foreigners to pay seven‑figure fees in exchange for a fast track to live and invest in the United States, with officials arguing that…
President Donald Trump has started telling voters that grocery prices are “falling rapidly,” pointing to cheaper eggs and a handful of eye catching examples as proof that the supermarket squeeze is finally over. The official inflation data, however, paints a more complicated picture in which some items are down, others are still climbing, and overall…
Inflation has cooled so sharply that even seasoned market watchers are expressing surprise, a dramatic shift from the price spikes that dominated the early 2020s. That reversal is reshaping everything from interest rates to stock valuations, and it will define who comes out ahead in 2026. I want to unpack why a prominent CNBC host…
In the final sprint before Christmas, shoppers are still out in force, but the mood in the aisles has shifted. Instead of chasing the loudest markdowns, many are scrutinizing labels, reviews, and return policies, determined to buy fewer things that last longer. The result is a holiday season where quality, experience, and trust are edging…