Money, Wealth & Power—A Daily Look at the Financial World
Retirement savings, housing, banking, prices and cash: the changes that touch your household money.
Oracle founder Larry Ellison has made headlines with his commitment to donate 95% of his $393 billion fortune, a move that has captured public interest and sparked speculation about the future of his wealth. This announcement coincides with notable leadership changes at Oracle, adding an intriguing layer of uncertainty to the company’s strategic direction. The…
Elon Musk, the CEO of Tesla, stands on the precipice of potentially becoming the world’s first trillionaire, with Tesla poised to generate unimaginable wealth. Musk has recently announced ambitious future plans for Tesla, which include advancements in self-driving cars and humanoid robots, hinting at a significant leap in technological development in 2026. These developments could…
In a recent policy shift, President Donald Trump has introduced a $100,000 fee for H-1B visa applicants, a move that has stirred significant concern among U.S. businesses and South Asian workers. Announced in September 2025, this fee hike is perceived as targeting skilled workers, particularly from South Asia, and has sparked alarm across various sectors….
Economists have confirmed that Gen Z is encountering significant challenges in the job market, with nearly 60% of recent graduates unable to secure employment. This situation starkly contrasts with the experiences of previous generations such as Millennials and Gen X. The struggle has been attributed to various factors, including economic shifts and technological advancements, which…
The recent surge in profitless tech stocks has been described as “frothy and risky” as the Federal Reserve eases monetary policy, leading to significant market shifts. This development has sparked widespread discussion among investors and analysts, who are closely monitoring the implications of these changes on the broader financial landscape. As the Federal Reserve’s actions…
On September 23, 2025, the Trump administration unveiled a proposal to revamp the H-1B visa process, aiming to prioritize highly skilled and better-paid workers. This initiative seeks to replace the existing lottery-based system with a selection process that favors applicants with higher qualifications and salary offers. The proposed changes are intended to address longstanding concerns…
Gold prices have been on a remarkable upward trajectory, reaching unprecedented heights. Several factors have contributed to this sustained rally, making gold an attractive investment option for many. From central bank rate cuts to economic uncertainties and increased demand from China, each element plays a crucial role in driving gold’s value to new records. Central…
Federal Reserve Chair Jerome Powell recently announced a decision to cut interest rates, attributing this move primarily to a weakening job market. Powell emphasized the risks posed by labor market instability and broader economic challenges, particularly in the context of persistent inflation concerns. This decision follows earlier signals from Powell that the Federal Reserve was…
The Federal Reserve has announced a series of interest rate cuts aimed at maintaining its independence amid political pressures, particularly from President Trump. Trump has previously criticized the central bank’s decisions, adding to the scrutiny faced by the Fed. In response, Fed official Miran recently clarified that his support for significant rate reductions was not…
Billionaire filmmaker Tyler Perry recently disclosed his decision to stop financially supporting his family, emphasizing that he did not want to be their “welfare” system and instead encouraged them to seek employment. Perry made this statement during an interview on October 5, 2023, where he elaborated on the reasons behind his decision. Tyler Perry’s Financial…
How the week's news hits your wallet
One Washington money change, translated every weekday — what it means for your wallet.