Money, Wealth & Power—A Daily Look at the Financial World
Retirement savings, housing, banking, prices and cash: the changes that touch your household money.
In today’s dynamic economy, Americans are finding innovative ways to generate extra income from their properties. From leveraging unused spaces to embracing renewable energy, these strategies not only provide financial benefits but also maximize the potential of existing assets. Here are nine unusual ways Americans are making extra income from property, each backed by recent…
The untimely passing of boxing legend Leon Spinks in 2021 highlighted critical estate planning pitfalls for first-generation millionaires. Wealth expert George Stefanou’s 2025 analysis underscores the importance of tailored planning to navigate complex wealth transfer. Meanwhile, Asia’s wealthy are increasingly urged to center their estate strategies on personal values to ensure legacy alignment. These examples…
As the U.S. government shutdown approaches its conclusion on November 4, 2025, economists at Goldman Sachs are raising alarms about the escalating economic damage caused by the prolonged closure. Mohamed El-Erian, a noted economist, has emphasized that the longer the shutdown continues, the more severe the impact will be on economic recovery. This perspective marks…
MacKenzie Scott has announced an $80 million donation to Howard University, marking one of the largest gifts in the institution’s 158-year history. This significant contribution to the historically Black college and university (HBCU) stands out as Scott continues to make large donations to HBCUs, bucking the national trend of declining support for these institutions. Her…
Nvidia has experienced a remarkable surge in its market value, adding nearly $100 billion to its market capitalization in just a few days as of early November 2025. This explosive growth comes amid broader market volatility and highlights a significant shift in investor confidence towards the company’s strategic direction. Analysts view this milestone as a…
In the world of millionaires, the distinction between wealth and financial struggle often hinges on liquidity. This concept is vividly illustrated by rapper Flo Rida, who, despite winning an $82.6 million judgment against Energy Beverages LLC in 2023, faced eviction due to unpaid rent. In contrast, billionaire Warren Buffett’s fortune is largely in liquid investments,…
Americans are grappling with the burden of high-interest credit card debt, having paid over $133 billion in interest and fees last year. Despite a recent rate cut by the Federal Reserve, existing credit card balances remain unaffected, prompting many to seek alternative solutions. For those with $5,000 in debt, a 0% introductory APR balance transfer…
On November 4, 2025, new reports reveal that President Trump’s tariffs are having unintended consequences, particularly affecting red states like Texas and Ohio. These tariffs, initially designed to protect domestic industries, are instead increasing costs for consumers and businesses in these traditionally Republican areas. As the tariffs continue to be enforced, early data suggests a…
On November 3, 2025, Meta Platforms finds itself under scrutiny as it revisits its metaverse ambitions, raising questions about whether the company is repeating past mistakes. As Meta continues to invest heavily in virtual reality technologies, analysts are drawing parallels to earlier challenges, where high expectations often clashed with practical hurdles. This situation marks a…
Nvidia’s stock has experienced a remarkable surge, sparking debates over whether the AI boom is merely a bubble. However, recent analysis suggests that this is a sustainable revolution poised to propel Nvidia to a $10 trillion valuation. This perspective, detailed in a November 3, 2025, report, counters concerns raised just a day earlier about Nvidia’s…
How the week's news hits your wallet
One Washington money change, translated every weekday — what it means for your wallet.