Money, Wealth & Power—A Daily Look at the Financial World
Retirement savings, housing, banking, prices and cash: the changes that touch your household money.
The Federal Reserve’s potential decision on interest rates in December remains a focal point for markets, with experts offering varied predictions amid ongoing economic uncertainty. As of October 29, 2025, analysts are debating the likelihood of a rate cut, highlighting shifts from earlier expectations of sustained higher rates due to persistent inflation signals. Current Fed…
Masayoshi Son has surged to become Japan’s richest person, boasting a fortune valued at $55 billion according to recent assessments. This milestone positions him ahead of other prominent Japanese billionaires, reflecting a notable shift in the nation’s wealth rankings as of late October 2025. The development underscores the growing influence of tech investments in reshaping…
California’s public pension fund CalPERS, which holds over $2 billion in Tesla stock, announced its decision to vote against Elon Musk’s proposed $1 trillion pay package for leading the electric vehicle maker. This opposition highlights concerns that the plan would excessively concentrate power in Musk’s hands amid growing investor scrutiny. The move joins a broader…
In a dramatic twist to New York City’s mayoral race, a coalition of billionaires is reportedly spending millions to thwart Zohran Mamdani’s bid for mayor. This unprecedented financial push underscores the high stakes and intense opposition Mamdani faces from some of the city’s wealthiest figures. As the campaign heats up, the involvement of these billionaires…
Managing personal finances can be a daunting task, but with the right tools, it becomes much more manageable. Budgeting apps have revolutionized the way we handle our money, offering features that simplify tracking expenses, setting financial goals, and saving for the future. Here are some of the best budgeting apps that can help you organize…
Microsoft’s stock experienced a notable rise following the announcement of a new partnership with OpenAI on October 28, 2025. This development provided much-needed relief to investors who had been concerned about the future of the collaboration between the two companies. The announcement came just ahead of Microsoft’s earnings report, addressing one of the key questions…
Tesla’s board chair is urging shareholders to approve Elon Musk’s $1 trillion pay package, describing the upcoming vote as a ‘critical inflection point’ for the company. This push comes amid warnings that Musk could step down if the plan is rejected, escalating concerns over leadership stability. Musk has stated he needs the $1 trillion package…
The Federal Reserve is poised to cut interest rates in the coming months, a move that could lower the yields on savings products from their current highs of around 4%. Savvy savers are seizing the opportunity to lock in these elevated rates through certificates of deposit (CDs) and similar vehicles before the anticipated cuts take…
The Rule of 72 is a simple yet powerful tool for estimating how long it will take for an investment to double at a given annual compound interest rate. By dividing 72 by the interest rate, investors can quickly gauge the doubling time, making it a valuable resource for financial planning. This rule, attributed to…
In today’s fast-paced world, many professionals are seeking low-stress jobs that offer a better work-life balance than traditional corporate careers. These roles not only promise reduced anxiety but also provide competitive salaries and flexibility. From healthcare to creative fields, these positions are attracting individuals who prioritize mental well-being and job satisfaction over the high-pressure demands…
How the week's news hits your wallet
One Washington money change, translated every weekday — what it means for your wallet.