Money, Wealth & Power—A Daily Look at the Financial World
The White House is accelerating a new round of student debt cancellation, aiming to wipe out balances for millions of borrowers who have been in repayment for years or working in public service. The core question for anyone with loans is straightforward: do your circumstances match the programs the administration is leaning on to deliver…
Google co-founder Larry Page has quietly executed one of the priciest residential moves in American history, assembling a Miami waterfront compound for roughly $173 million and, in the process, positioning himself to save millions in future taxes. The deal drops one of Silicon Valley’s most influential fortunes into Florida at the exact moment California is…
Tax filing for 2026 is shaping up to be very different from the last few years, with a larger standard deduction and a fresh round of business-friendly write offs reshaping how much income actually gets taxed. The changes grow out of President Trump’s “One Big Beautiful Bill,” which locks in several individual breaks while expanding…
California is testing a radical idea in tax policy: instead of waiting for billionaires to sell stock or cash out, the state would tax a slice of their fortunes directly. The proposal, branded as a one-time levy on extreme wealth, could reshape how some of the richest people on earth relate to the state that…
Millions of workers are starting the year with a quiet but meaningful shift in their favor: federal tax changes that can leave more money in each paycheck. The new rules, driven by President Donald Trump’s latest tax package and routine Internal Revenue Service adjustments, are beginning to filter into payroll systems and could reshape how…
The penny is vanishing from American cash drawers, but the real fight is happening at the checkout screen. As stores reprogram registers and lawmakers rush to catch up, the country is arguing over a deceptively simple question: when a total lands between nickels, should the final price tilt in favor of the shopper or the…
California’s latest attempt to tax extreme wealth has drawn fierce warnings from Wall Street and quiet planning from tax lawyers. Then one of the world’s richest tech bosses effectively shrugged, saying he is happy to pay. The contrast between a billionaire CEO laughing off a new levy and peers plotting exits captures the high‑stakes experiment…
The Internal Revenue Service has quietly locked in the numbers that will govern how much of your 2026 income is taxed, and the changes are big enough to shift real money back into some households. The core tax rates stay the same, but higher thresholds and a richer standard deduction mean many filers will see…
Federal tax rules are shifting again in 2026, and this time the changes are more likely to nudge your take home pay up than down. The Internal Revenue Service is lifting the income thresholds for each tax bracket and updating how much employers withhold from paychecks, so many workers will see a modest bump in…
Side hustlers just got a rare dose of simplicity from Washington. A recent tax change raises the bar for when payment platforms and clients must send 1099 forms, which means fewer surprise tax documents for people making extra cash from gigs or online sales. The income is still taxable, but the paperwork burden is lighter…