Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump is again dangling the prospect of direct cash from his trade agenda, telling Americans that $2,000 “tariff dividend” checks could start arriving around the middle of 2026. The idea, pitched as a way to share tariff revenue with households, has energized some voters who remember earlier pandemic-era relief, but it is colliding…
President Donald Trump is escalating his warnings as the Supreme Court of the United States weighs whether to uphold his sweeping tariffs on imported goods. He has boiled the stakes down to a blunt verdict, telling supporters that if the justices strike his authority, “we’re screwed,” and predicting a “complete mess” for the economy and…
The Yuri Arcurs Collection/Freepik Mortgage interest gets most of the attention at tax time, but your house hides other ways to cut what you owe. By focusing on how you actually use and improve your home, you can unlock targeted deductions and credits that have nothing to do with your loan balance. I will walk…
The criminal investigation into Federal Reserve Chair Jerome Powell has opened a rare public rift inside Donald Trump’s economic team, with Treasury Secretary Scott Bessent privately warning the president that the Justice Department’s move would create a political and market “mess.” The clash exposes how a probe aimed at the central bank’s leader is colliding…
Google cofounder Larry Page is the latest tech billionaire to plant a flag on Miami’s most exclusive waterfront, quietly assembling a compound next to the enclave known as “Billionaire Bunker” while trimming a massive future tax bill. By shifting his primary base and buying multiple mansions in a low‑tax state, he is poised to avoid…
California’s richest residents are staring at a ballot proposal that would do something the state has never tried before, a one time levy on their net worth that supporters say could reshape public finances and critics warn could upend the state’s economic model. The plan, aimed squarely at billionaires, has already prompted some of the…
Federal Reserve Chair Jerome Powell has confirmed that he is the target of a criminal investigation by President Don Trump’s Justice Department, a stunning escalation in an already fraught relationship between the White House and the central bank. Powell has framed the probe as an attack on the Fed’s independence and insisted he will not…
President Donald Trump’s 2026 alcohol tariffs are about to collide with America’s drinking habits, and the impact will not be evenly spread across the bar menu. Imported bottles, from Champagne to Mexican beer, are poised for the sharpest jumps, while some domestic producers may quietly benefit from the new price gap. I want to map…
Retirees are staring at a rare piece of good news in the tax code: a targeted senior deduction that could effectively put about $450 back in their pockets starting with the 2026 filing season. The change is part of President Trump’s broader tax agenda and is structured to trim federal tax bills for older Americans…
The Supreme Court is on the verge of deciding how far President Donald Trump can go in using tariffs as a unilateral tool, and the stakes extend far beyond trade. If the justices endorse his emergency tariff strategy, legal experts say it could effectively hand the White House a broad power to levy taxes on…