Money, Wealth & Power—A Daily Look at the Financial World
Texas is about to test whether the center of gravity in U.S. equity markets can shift away from Manhattan, and it is doing it with a war chest that is getting larger by the week. The Texas Stock Exchange is targeting a $270 million capital raise, with Goldman Sachs and Bank of America reportedly committing…
Stock leadership is finally starting to change, and that shift is opening the door to a very different kind of bullish case. Instead of chasing the same mega-cap winners that powered the early stages of this cycle, investors are being nudged toward trimming those highfliers and redeploying capital into the parts of the market that…
The Federal National Mortgage Association, better known as Fannie Mae, is preparing to shut its San Francisco hub and shift those operations to Birmingham, Alabama, a move that has already been framed in partisan shorthand as an escape from “woke California” to the Deep South. The relocation of a major housing finance player from one…
Mortgage shoppers hoping that rate cuts would quickly translate into cheaper loans are running into a harsher reality. Even as policymakers ease short-term borrowing costs, the benchmark 10-year Treasury yield is still holding above 4 percent, keeping 30-year mortgage rates elevated and home affordability under pressure. The disconnect reflects a market that is more focused…
Shopping for car insurance is one of those financial chores that is easy to rush, but the wrong move can lock you into hundreds of dollars in avoidable costs each year. To actually avoid these 7 common car insurance shopping mistakes, I focus on how each one can quietly inflate premiums or weaken protection, then…
The World Cup is set to turn parts of the United States into a temporary gold rush for short term rentals, and some cities are already emerging as clear front runners for host earnings. From Texas to the Mid Atlantic, local projections and early corporate planning point to specific markets where demand for beds will…
President Donald Trump is telling voters that his policies have sliced nearly $3,000 a year off typical mortgage bills, casting the shift as proof that he has made homeownership more affordable. The claim lands at a moment when borrowing costs have indeed eased from their recent peak, but household budgets are still straining under high…
Predictions of a rich-person stampede out of New York after Zohran Mamdani’s mayoral win have not materialized. Instead, the city’s top-end property market is heating up, and the so‑called “Mamdani effect” is increasingly being used to describe renewed appetite for living and investing in New York rather than a rush for the exits. Luxury contracts,…
Robert Kiyosaki has built a global following on a simple but provocative idea: use debt to buy income-producing real estate, then lean on the tax code so that very little of that cash flow ever shows up as taxable income. The promise is not just higher returns, but a path to build wealth that looks…
California’s long-running perk that let electric cars glide solo through carpool lanes has flipped into a costly trap for drivers who miss the rule change. Anyone who keeps using high-occupancy vehicle lanes alone under the old clean-air sticker rules now risks a traffic stop and a steep penalty that reports peg at $490 for a…