Money, Wealth & Power—A Daily Look at the Financial World
The latest Republican push to restrict dual nationality is not just an abstract immigration fight, it is a proposal that could reach directly into the Trump family. A new citizenship bill from a MAGA-aligned senator is written broadly enough that it could force First Lady Melania Trump and her son Barron to make a stark…
Foot Locker is preparing a sweeping reset of its U.S. footprint, with plans to shut hundreds of stores by 2026 and trim its workforce as it leans harder into a streamlined, omnichannel model. The retailer is betting that a smaller, more productive fleet, tighter brand partnerships and a sharper digital focus can offset the disruption…
The S&P 500 has already shown it can snap back quickly, and several powerful forces suggest that momentum could build into a full-fledged rip higher in 2025. From bullish calls by major strategists to explosive gains in leading chipmakers, the backdrop is shifting in favor of risk assets. I see five developments that, taken together,…
Blue-collar workers were promised a revival of American industry and a new era of high-wage trades. Instead, the emerging contours of President Donald Trump’s second-term agenda point to a more precarious future for the people who build cars, pour concrete, and keep factories running. The rhetoric of a “worker-first” economy is colliding with policy choices…
America’s labor market is quietly crossing a demographic tipping point, as older workers make up a growing share of the people keeping the economy running. The shift is not just a story about retirement, it is a structural change that one economist now warns is a red flag for growth, productivity, and the public finances…
Across the country, small, closely held firms are hitting a financial wall as rising borrowing costs and heavy debt loads push more owners into court. The surge in mom-and-pop bankruptcies is not a blip, it is the sharp edge of a broader shift in how fragile the small business economy has become under higher interest…
Michael Burry is once again sounding alarms, arguing that U.S. equities are heading into a stretch of “bad years” that could leave today’s investors with far less than they expect. Instead of a quick correction, he is warning of a drawn-out comedown from an era of easy money, aggressive speculation, and faith in technology narratives….
General Motors is pouring nearly $900 million into its New York engine complex, a bet that big trucks and V8 powertrains will remain central to its business even as the industry races toward electrification. The move centers on a sweeping upgrade of the company’s Tonawanda Propulsion plant outside Buffalo, positioning it as a hub for…
The most fragile part of America’s financial system is not sitting on bank balance sheets. It is a sprawling, lightly regulated web of private lenders and investment vehicles that now rivals traditional banks in size, yet operates largely out of public view. If stress hits this hidden credit engine at the wrong moment, the damage…
Goldman Sachs has just thrown a bucket of cold water on the long-held belief that U.S. stocks are the safest and strongest bet for the next decade, warning that American equities could trail the rest of the world for years. Yet the same research also argues that the U.S. economy itself is set to outperform…