Money, Wealth & Power—A Daily Look at the Financial World
Nobel Prize-winning economist Joseph Stiglitz has warned that President Trump’s trade policies are turning the United States into a “scary place to invest,” increasing the risk of stagflation as GDP growth has already slowed. The warning comes ahead of a new 10% import surcharge scheduled to take effect on February 24, 2026, layering fresh costs…
The Supreme Court struck down President Trump’s sweeping tariffs imposed under the International Emergency Economic Powers Act, or IEEPA, and the ruling has set off a corporate scramble for refunds on billions of dollars in collected duties. For collectors of luxury Swiss watches and other high-end imports that carried steep tariff surcharges, the decision could…
Warren Buffett used his 2025 shareholder letter to make a striking claim: if roughly 800 of the largest U.S. corporations matched Berkshire Hathaway’s federal tax contributions, individual Americans would owe nothing to the IRS, and Social Security could be fully funded without raising personal rates. The assertion, delivered alongside Berkshire’s 2024 annual report, doubles as…
Americans turning 65 face a decision that, if mishandled, can permanently inflate their healthcare costs: whether and when to enroll in Medicare Part B and Part D. Skipping enrollment without qualifying employer coverage triggers late-enrollment penalties that attach to monthly premiums for life. With 2026 premiums already set to rise, the financial damage from even…
New investors are turning to mobile platforms from Fidelity Investments, Robinhood, Webull, Acorns, Charles Schwab, and Wealthfront to buy their first stocks and exchange traded funds. These apps combine low minimums, simple interfaces, and built in education so beginners can start investing and trading with modest amounts of money while still learning how markets work….
Spring 2026 lands on Friday, March 20, which leaves roughly a few dozen days for anyone who wants to stash a quick $1,000 before the season officially starts. Different countdown tools frame it slightly differently: one “How Many Days Until Spring” tracker tied to Feb shows 43 days to go, while another Frequently Asked Questions…
Billionaire entrepreneur Mark Cuban recently drew attention to what he called a hidden trap in Social Security, warning that the agency’s rapid shift away from paper checks and phone services could leave millions of seniors stranded. With the Social Security Administration pushing beneficiaries toward electronic payments ahead of a September 30, 2025 deadline, retirees who…
California will raise its statewide minimum wage to $16.90 per hour on January 1, 2026, but that hourly rate still falls far short of what researchers and government agencies define as middle-class income in most of the state. For a full-time worker, $16.90 an hour translates to roughly $35,152 a year, a figure that lands…
Millions of Gen X workers, born between 1965 and 1980, face a shrinking window to prepare for retirement as Social Security trust funds move closer to depletion. The 2025 Trustees Report projects the Old-Age and Survivors Insurance fund will be exhausted by 2033, with combined trust funds lasting only until 2034, one year sooner than…
Heartland Coca-Cola Bottling Company has opened a massive new production campus in Olathe, Kansas, backed by more than $400 million in investment and built to run four high-speed production lines across 700,000 square feet. The facility, which sits on 150 acres, represents one of the largest single-site beverage manufacturing expansions in the Coca-Cola system in…