Money, Wealth & Power—A Daily Look at the Financial World
Nearly half of the country is now flashing recessionary warning lights, with twenty-three states already meeting a common rule-of-thumb definition of contraction and several others hovering just above the line. As growth cools and regional economies diverge, the risk is shifting from isolated slowdowns to a broader drag on national GDP that could be harder…
The destruction of a vast Russian stockpile of Iranian-made attack drones has abruptly removed a major threat from Ukraine’s skies and exposed how vulnerable Moscow’s supply chain has become. By wiping out roughly 1,000 Shahed systems in a single operation, Ukrainian forces did not just erase an estimated nine-figure cache, they also signaled that Russia’s…
The Trump administration’s decision to return $790 million in previously frozen federal funds to Northwestern University marks a rare reversal in a high‑stakes clash between Washington and a major research institution. The agreement not only restores a critical revenue stream for the university, it also signals how far the White House was willing to push,…
US shoppers pushed Black Friday e-commerce to a new high, with Adobe estimating that online spending reached about $11.8 billion as discounts and flexible payment options drew consumers to digital checkouts. The record haul underscores how holiday demand is increasingly shifting to the web even as households juggle inflation, higher borrowing costs, and lingering economic…
The United States is confronting a long running erosion in its public finances that has already produced past credit rating downgrades and continues to worry investors who track the country’s debt, deficits, and political gridlock. Even without a fresh cut in the headline sovereign rating right now, the underlying story is that the fiscal picture…
Health care workers are warning that President Donald Trump’s new student loan plan does more than trim federal spending, arguing it effectively downgrades nursing from a recognized profession to a second-tier job. By stripping nursing programs of “professional degree” status and capping how much students can borrow, they say the administration is sending a blunt…
Melania Trump is stepping into the entertainment business with a timing that is hard to miss, unveiling a new production company just as a high profile documentary about her life and role in the White House heads toward release. The move signals a calculated shift from supporting player to producer, positioning the first lady as…
Criminals have found a new way to turn your mailbox and front porch into a direct pipeline to your bank account, combining old-fashioned doorstep theft with increasingly sophisticated debit card fraud. Instead of only skimming cards at gas pumps or tricking people online, they are intercepting replacement cards and PIN mailers, then draining accounts before…
Donald Trump is now facing questions over reports that he floated a multitrillion dollar “peace” scheme for Ukraine that would also unlock a massive cash windfall for the United States. The alleged $2 trillion concept, framed as a way to end the war while monetizing frozen Russian assets, has quickly become a test of how…
Congress has moved aggressively to dismantle a signature Biden-era limit on drilling, turning a once-technical regulatory fight into a clear test of how far lawmakers are willing to go to expand fossil fuel production. The latest vote does more than scrap a single rule, it caps a months-long campaign to roll back environmental safeguards across…