Money, Wealth & Power—A Daily Look at the Financial World
Retirement savings, housing, banking, prices and cash: the changes that touch your household money.
Mortgage preapproval is an essential step for homebuyers, providing a clear picture of borrowing power and improving the chances of a successful purchase. CBS News highlights four compelling reasons to get preapproved for a mortgage loan this January, emphasizing the competitive edge it offers in a tight housing market. However, it’s important to be aware…
As of mid-September 2025, the combined wealth of the world’s three richest individuals amounts to a staggering $1 trillion, equating to the market capitalization of Warren Buffett’s iconic conglomerate, Berkshire Hathaway. This remarkable concentration of wealth highlights the significant economic influence wielded by these individuals, whose fortunes rival one of the most renowned investment firms…
Financial expert Dave Ramsey has recently voiced his concerns over the “passive income” real estate hype, suggesting that landlords are being misled by unrealistic promises often propagated through platforms like TikTok. Ramsey, renowned for his financial guidance, contrasted these modern-day dreams with his own journey from financial hardship to success, highlighting his transition from driving…
Grant Cardone, a renowned entrepreneur and motivational speaker, claims that 70% of wealthy families lose their wealth by the second generation, attributing this loss to the fact that wealth is “never taught, only inherited.” Cardone emphasizes the importance of financial education to prevent this trend, urging families to adopt proactive strategies to maintain their wealth…
Peter Schiff has issued a stark warning about the state of the US economy, suggesting it is “cooling fast” and that deficits are poised to surge. This perspective stands in sharp contrast to President Donald Trump’s assertions that the American economy is currently booming. Schiff’s comments raise questions about the true health of the economy…
US home sales are nearing their lowest point since 1995, sparking concerns about the real estate market’s overall health. Analysts suggest that reaching a specific mortgage rate could be the key to reigniting buyer demand and reversing this downward trend. This potential shift offers a glimmer of hope for those looking to enter the housing…
Boeing has recently secured substantial orders from major airlines, leading to a notable surge in its stock price. The anticipated lifting of FAA restrictions is expected to further boost investor confidence, marking a significant turning point for the aerospace giant. These developments underscore Boeing’s strategic advancements and its potential for future growth. Boeing’s Recent Orders…
In 2025, Gen Z graduates are encountering significant hurdles in the job market, primarily due to the emergence of a “No Hire, No Fire” economy and the rapid advancement of automation. These factors are creating a challenging environment for new entrants into the workforce, as companies are increasingly cautious about expanding their workforce and are…
With the rising cost of living and the recent focus on financial independence, many parents are questioning whether it is time to stop supporting their adult children. According to a USA Today article, there are specific signs that indicate it might be time to encourage financial independence in adult children. The issue is further complicated…
Gen Z is breathing new life into a job that millennials and boomers once deemed mundane, yet it’s now a lucrative path to six-figure salaries right out of college. This shift is redefining career trajectories for recent graduates, offering financial stability and success in roles previously overlooked by older generations. The trend is reshaping how…
How the week's news hits your wallet
One Washington money change, translated every weekday — what it means for your wallet.