Money, Wealth & Power—A Daily Look at the Financial World
Home purchase contracts in the United States are falling apart at a pace that would have been unthinkable a few years ago. Deals that once felt locked in after an accepted offer are now routinely unraveling during inspections, financing checks, or last minute negotiations. The surge in cancellations is not just a quirky data point,…
The federal government is preparing to part with one of Washington’s most politically charged properties, moving to sell the Old Post Office that once housed Trump International Hotel. The decision could end a decade of controversy over how a 19th century landmark in the heart of the capital became a luxury playground and then a…
President Donald Trump’s signature savings program for children is moving from concept to scale at remarkable speed, with Treasury Secretary Scott Bessent signaling that the real action is only just beginning. As Trump’s branded investment accounts surge past the 500,000 mark, Bessent is sketching out a future in which tens of millions of families, employers,…
General Motors is giving budget-conscious drivers a narrow window to buy what is arguably the last truly affordable new electric car in America. The revived Chevy Bolt is back with a roughly $30,000 price tag, but GM has already set an end date for production, effectively giving low income buyers about a year and a…
USA Rare Earth has suddenly moved from niche materials play to front-page story after securing a massive government-backed funding commitment that sent its valuation and analyst expectations sharply higher. The company’s price target has effectively tripled as investors tried to price in a new era of federally supported growth, and the stock has already logged…
A Clayton County couple say they watched a tenant fall more than 13,000 dollars behind on rent while posting evidence of luxury spending, a clash that ended only when a judge finally ordered her out of their Georgia home. The case has become a flashpoint in a state already wrestling with high housing costs, slow…
HSBC has vaulted into rarefied territory, with its market value blasting through the $300 billion mark and setting a new benchmark for a European-listed bank. The rally caps a multiyear transformation that has turned a once-lagging giant into one of the market’s most closely watched financial stocks. For investors, the question now is not whether…
Homeowners across the United States are discovering that the quiet assumptions baked into their insurance bills no longer hold. Premiums that once crept up by a few percent a year are now jumping by double digits, and in some places coverage is being pulled altogether. The math that underpins home insurance has been recalculated around…
The U.S. housing market has slipped into a strange in‑between state where prices are no longer surging, buyers are still stretched, and yet homes are lingering on the market longer than they did during the pandemic frenzy. The result is a landscape that feels contradictory from the ground: more “For Sale” signs, slightly better negotiating…
The Trump family’s growing footprint in digital assets now includes a public mining company that has quietly become one of the larger corporate holders of bitcoin. American Bitcoin, backed by Donald Trump Jr. and Eric Trump, has built a treasury of nearly 5,900 BTC as it leans into a strategy of aggressive accumulation. That hoard,…