Money, Wealth & Power—A Daily Look at the Financial World
California Governor Gavin Newsom used a rare face-to-face moment with some of the country’s most powerful executives to accuse them of capitulating to President Donald Trump, turning a high-wattage business forum into a public shaming of corporate deference. His blunt language, aimed at CEOs, university presidents, and global elites, framed their outreach to the White…
Car shoppers have been squeezed by record sticker prices, and the White House is now betting that a sweeping reset of fuel economy rules can finally bend those costs down. The latest move from President Donald Trump targets the regulations that shape how automakers design, price, and market new vehicles, with the explicit promise that…
The head of the U.S. Securities and Exchange Commission is trying to reset how American markets work, from the moment a startup considers going public to the way crypto trades on regulated venues. The moves amount to a bet that lighter, more targeted disclosure and clearer digital-asset rules can revive public listings without sacrificing investor…
Federal auditors are warning that the Affordable Care Act’s subsidy system is far more vulnerable to abuse than officials have acknowledged, with sham applications sailing through and premium tax credits flowing to people who are no longer alive. The latest findings suggest that what was sold as a tightly controlled safety net has, in practice,…
Gold bugs are used to bold forecasts, but few are as extreme as Peter Schiff’s call that the metal could eventually trade at $100,000 an ounce. His argument is not about short term price action, it is a sweeping bet on the future of the U.S. dollar, global debt and the stability of the financial…
Costco’s new lawsuit against the Trump administration’s tariffs is not just a Beltway legal fight, it is a direct test of how much of the trade war bill shoppers will still be paying in 2026. If judges side with the retailer, billions of dollars in duties could be unwound, reshaping what Americans pay for groceries,…
The White House is betting that weaker fuel economy rules will translate into cheaper new cars, arguing that cutting regulatory costs will let automakers lower sticker prices and put more drivers into newer vehicles. The promise is simple and politically potent: relax efficiency standards now, and families will save money at the dealership. The reality,…
The World Bank is sounding the alarm on a mounting debt squeeze in poorer nations, warning that the gap between what they owe and what they can borrow has widened to a 50-year extreme. The strain is most acute in emerging and developing economies that must juggle higher global interest rates, weaker growth, and a…
Palantir is no longer content to be a niche data analytics vendor tucked inside defense and intelligence contracts. It is positioning its software as the core layer that coordinates how organizations deploy, govern, and scale artificial intelligence, effectively pitching itself as the operating fabric for an AI-first economy. That ambition is reshaping how investors, policymakers,…
The Big Ten thought it had engineered the next great leap in college sports finance, a private capital injection worth $2.4 billion that promised instant cash and long-term security. Instead, the plan ran headfirst into a wall of skepticism from two of its most powerful brands, triggering a standoff that froze the money and exposed…