Money, Wealth & Power—A Daily Look at the Financial World
Mitt Romney is trying to rewrite the Republican script on taxes at the very moment America’s red ink is reaching historic levels. As the national debt surges and interest costs balloon, he is arguing that the richest Americans, including people like himself, will have to shoulder more of the burden if the country wants to…
Gasoline has quietly become one of the brightest spots in Americans’ household budgets, with pump prices slipping below $2 a gallon in parts of the country and easing the sting of everything from rent to groceries. President Donald Trump is seizing on that shift, arguing that the slide in fuel costs is “bigger than a…
President Donald Trump is trying to turn the world’s largest proven crude reserves into a geopolitical and financial windfall, promising that “a lot of money is going to be made” as United States companies move into Venezuela’s battered oil patch. For investors, the question is how to position before the first big contracts are signed…
The Federal Reserve is under rare public fire for how it handles its own balance sheet. Hedge fund manager Scott Bessent argues that the central bank is effectively burning $100 billion a year with no real oversight, and that the public is being kept in the dark about the scale and consequences of those losses….
In the span of a few years, speculative digital coins have quietly reshaped the physical landscape of rural America, turning cheap land and legacy power plants into engines for a $1.2 trillion crypto market. The people living next to those engines, many of them loyal Trump voters, are now discovering that the real cost of…
New Jersey’s new governor has turned her inauguration into an emergency intervention on household energy costs, declaring a formal crisis and ordering regulators to blunt looming rate hikes. The moves are pitched as immediate relief for families staring down higher electric bills and as a reset of how the state buys and produces power in…
Amazon’s bet on luxury retail has curdled into a costly lesson in leverage and control. After pouring $475 million into Saks’ Neiman Marcus takeover, the tech giant is now telling a bankruptcy court that its equity is effectively worthless and that the entire restructuring is tilted against it. At the same time, the Saks empire…
Walmart’s latest merchandising reset is more than a routine shelf shuffle, it is a sweeping purge of once-essential product categories that helped define big-box shopping. From DVDs to tobacco, firearms to fresh seafood, entire aisles are vanishing as the retailer leans into digital habits, regulatory pressure, and cost cutting. I will walk through ten of…
Maria Bartiromo’s pointed question to President Donald Trump about the federal government’s stake in Intel captured a deeper anxiety on the American right: when Washington buys into flagship companies, does it quietly rewrite the rules of capitalism. Her challenge, asking whether this is really free market capitalism, crystallized a debate that has been building since…
European equities snapped back sharply after President Donald Trump signaled that threatened tariffs on the continent would not go ahead, tying the shift to a framework for a Greenland deal. The relief rally followed a bruising selloff that had rippled from Wall Street into regional benchmarks as investors tried to price an unprecedented link between…