Money, Wealth & Power—A Daily Look at the Financial World
Wealthy buyers, including high-profile celebrities, are pushing property values sharply higher in mountain resort communities across Montana and Wyoming, and the ripple effects are landing squarely on long-time residents’ tax bills. County-level data from Montana shows median home values climbing steeply in amenity-rich areas, while assessor offices in places like Teton County, Wyoming, confirm that…
The U.S. dollar has lost roughly 10% of its trade-weighted value over the past 12 months, and President Trump is publicly celebrating the slide. That tension between a weakening currency and White House enthusiasm sits at the center of a growing debate about what the drop actually means for American households, including grocery bills and…
JPMorgan Chase CEO Jamie Dimon has put the odds of a U.S. recession at roughly 50%, warning that the sweeping tariffs launched under the “Liberation Day” trade policy are both inflationary and a drag on growth. With the latest federal inflation data showing prices still climbing and the Federal Reserve flagging tariff-related risks to the…
President Donald Trump told his Cabinet on January 29, 2026, that he does not want housing prices to fall because, in his view, falling prices would hurt the wealth of American homeowners. The statement reframes the national affordability debate: rather than promising cheaper homes, the administration is betting that lower mortgage rates and tighter restrictions…
Nelson Peltz’s Trian Fund Management raised its stake in Wendy’s to approximately 16.3%, declaring the stock undervalued and signaling it may pursue strategic transactions that could include a bid for control. The amended SEC filing landed the same day Wendy’s reported its weakest quarterly sales in years, and the combination sent shares surging roughly 19%….
Mohamed El-Erian, the former chief executive of PIMCO, warned that Blue Owl Capital’s decision to permanently halt redemptions at a private credit fund aimed at retail investors carries echoes of the 2008 financial crisis. The fund, which had offered quarterly tender offers, will instead shift to quarterly return-of-capital distributions as its assets are sold down…
Hycroft Mining Holding Corporation shares rose about 30% in trading after the Nevada-based gold and silver explorer disclosed a 55% jump in mineral resources at its Hycroft Mine. The updated estimate, effective January 21, 2026, puts measured and indicated resources at 16.4 million ounces of gold and 562.6 million ounces of silver, and it also…
Toyota, the world’s largest automaker by volume, sold only a sliver of battery-electric vehicles relative to its massive global output in 2024, even as competitors raced to scale EV production. The gap is not accidental. It reflects a deliberate corporate strategy that prizes hybrids and a spread of powertrain technologies over a singular bet on…
Circle Internet Group filed a Form S-1 registration statement with the Securities and Exchange Commission, setting the stage for a public listing that could put the USDC stablecoin issuer under intensified scrutiny from Wall Street investors and regulators. The filing arrives as stablecoin balances have grown into a scale that policymakers and fixed-income markets are…
Federal Reserve Governor Michael Barr warned on November 11, 2025, that firms are already scaling back hiring because of artificial intelligence, a signal that the long-predicted collision between AI and the labor market is no longer theoretical. That same week, fresh research and government data confirmed that the effects are spreading well beyond Silicon Valley,…