Money, Wealth & Power—A Daily Look at the Financial World
U.S. employers are cutting staff at a clip not seen since the aftermath of the financial crisis, jolting a labor market that had seemed remarkably resilient. The spike in announced layoffs, concentrated in big-name companies and key industries, is colliding with a slowdown in hiring and a murkier picture of overall job creation. For workers,…
Mortgage borrowers and home shoppers have spent the past two years riding a roller coaster of rate spikes, bidding wars and sudden freezes in activity. Now, J.P. Morgan is sketching out what it sees as the next decisive turn, with a call that mortgage costs will ease while home price growth effectively hits pause. That…
Amazon is dismantling its physical grocery experiment, shutting every Amazon Fresh and Amazon Go store and cutting thousands of jobs while spelling out what kind of severance checks workers can expect. The move marks a sharp retreat from the company’s yearslong push into bricks and mortar, and a reset that shifts attention back to Whole…
The U.S. labor market that once powered Donald Trump’s economic narrative is now flashing unmistakable warning signs. Job openings have fallen sharply, layoffs are piling up, and hiring has slowed to a crawl, raising the risk that a softening job market could spill into consumer confidence and growth. The latest data suggest not a brief…
President Trump is selling his tariff shock therapy as nothing less than an economic resurrection, arguing that aggressive duties on imports turned a “dead” America into the world’s hottest investment story. He is pairing that narrative with a pitch to both Wall Street and everyday savers, urging them to “bet big” on the United States…
Robert Kiyosaki has spent years telling followers that the real money is made in crises, not in calm markets. Now his claim that the “best time to get rich” is arriving, backed by a headline-grabbing 15,000% upside call on a trio of assets, is colliding with the reality of a jittery economy and nervous investors….
Michael Saylor’s latest hyper-bullish prediction for Bitcoin has ignited a backlash even by crypto’s fevered standards. After asserting that the token could be worth $10 million “tomorrow” if the world simply agreed with him, the billionaire evangelist is facing pointed questions about his judgment at a moment when his own Bitcoin-heavy company is nursing multibillion-dollar…
The Federal Reserve has quietly become one of the biggest buyers of short term U.S. debt again, scooping up more than $90 billion in Treasury bills since December and reshaping the plumbing of the financial system in the process. That sounds abstract, but it reaches directly into your wallet through mortgage rates, credit card bills,…
Chicago’s latest financial disclosures show a city carrying a $41.1 billion shortfall, a gap so large it effectively detonates the long‑running pension time bomb that has been ticking under City Hall for decades. The hole is not just an abstract balance‑sheet problem, it is the cumulative result of skipped payments, optimistic assumptions and political choices…
Rep. Ayanna Pressley is facing a wave of scrutiny after financial disclosures showed her personal wealth climbing into the multimillion-dollar range during her time in Congress, even as she has built a national brand railing against inequality and housing insecurity. Asked to explain the spike, she brushed off the questions, insisting that she files the…