Money, Wealth & Power—A Daily Look at the Financial World
Retirement savings, housing, banking, prices and cash: the changes that touch your household money.
President Trump’s tariffs are projected to impose a staggering $1.2 trillion cost on global businesses this year, according to recent economic analysis. While businesses face the direct hit, consumers are ultimately shouldering most of the burden through higher prices on everyday goods. This development marks a sharp escalation from prior trade policies, urging immediate strategies…
President Trump recently showcased the Oval Office’s 24-karat gold accents, drawing attention to the luxurious elements amid surging precious metal values. This display coincides with gold hitting record highs, prompting discussions on its role as an inflation-fighting asset. Investors are now questioning whether the timing signals an opportune moment to diversify portfolios with this timeless…
Former Treasury Secretary Larry Summers issued a stark warning on November 8, 2025, describing the U.S. national deficit as “unsustainable” amid rising fiscal pressures. He highlighted how unchecked deficits could trigger broader economic instability, specifically questioning whether this trajectory might spark a spike in mortgage rates. This alert comes at a pivotal moment as federal…
Palantir Technologies (NASDAQ:PLTR) has become a focal point for investors following a significant deal announced on October 27, 2025, that could potentially disrupt the AI industry. This development has sparked widespread interest in the stock, fueled by speculation about a possible stock split and concerns that the company’s rapid rise might indicate a broader market…
Direct student loans, provided by the U.S. Department of Education, are a cornerstone of federal financial aid, offering students a way to fund their education without the need for private lenders. These loans are designed to make higher education more accessible by providing various options tailored to different needs, such as consolidation and refinancing. As…
More than 1 million vehicles from Toyota, Lexus, and Subaru are being recalled due to a significant issue with their rearview cameras. This defect, which affects the vehicles’ ability to display the rearview image while reversing, poses a safety risk by impairing drivers’ visibility. Owners of these vehicles are urged to verify if their model…
As November 2025 unfolds, the financial landscape for short-term investments like 6-month Certificates of Deposit (CDs) is particularly enticing. With top rates reaching up to 4.34%, these CDs offer a compelling option for savers looking to capitalize on current yields. However, the decision to lock in a 6-month CD now involves weighing these attractive rates…
In today’s fast-paced world, acquiring new skills quickly can significantly boost your income potential. Whether you’re looking to start a side hustle or advance in your current career, learning the right skills can open doors to lucrative opportunities. This list highlights 15 skills you can learn rapidly to enhance your earning power, drawing from authoritative…
Underwater cables are the unsung heroes of the digital age, forming the backbone of the global internet and supporting the burgeoning demands of artificial intelligence (AI) infrastructure. As AI applications become increasingly data-intensive, the need for robust and expansive undersea networks has never been more critical. Major tech companies like Meta, Google, and Amazon are…
Apple’s stock has experienced a significant surge, rising 50% year-to-date as of October 2024, largely driven by the current enthusiasm surrounding artificial intelligence. However, analysts like Dan Ives from Wedbush Securities suggest that Apple’s diversified revenue streams could protect it from a potential AI bubble burst. Unlike the dot-com crash, where tech giants such as…
How the week's news hits your wallet
One Washington money change, translated every weekday — what it means for your wallet.