Money, Wealth & Power—A Daily Look at the Financial World
Financial commentator Peter Schiff is again warning that President Donald Trump’s mix of tariffs, debt-fueled spending and geopolitical brinkmanship is not just risky policy, but a potential trigger for a crisis in the dollar and the Treasury market. In his view, the United States is piling leverage on top of an already fragile global system,…
President Donald Trump is betting that U.S. oil producers will pour billions of dollars into Venezuela, tying his energy agenda to the revival of one of the world’s most troubled petro-states. He is pitching the prospect of huge new crude flows and a windfall of barrels for American refineries as a way to ease domestic…
Federal Reserve officials rarely float specific numbers for future policy moves, so any hint that more than 100 basis points of rate cuts might be appropriate in a single year lands with real force in markets. When a governor like Miran signals that scale of easing is justified, I read it as a challenge to…
Tariff revenue from President Donald Trump’s trade war is shrinking just as investors are starting to believe the worst macroeconomic damage may be behind them. Markets that once sold off on every escalation are now rallying on signs that the policy’s bite is fading faster than its bark. The shift says as much about Wall…
Artificial intelligence is already reshaping how work gets done, but the most credible evidence suggests it is not about to wipe out whole professions overnight. Instead of a sudden jobs apocalypse, the data points to a slower, messier transition in which tasks are reconfigured, skills are reprioritized and people who learn to work with AI,…
President Donald Trump is betting that sweeping new tariffs can revive U.S. manufacturing, shrink the trade deficit, and even tame inflation, all without inflicting serious damage on growth. A growing body of analysis suggests that is a very optimistic read of how trade taxes work in the real world. Instead of delivering a clean win,…
The Federal Reserve’s delicate balancing act is getting harder, not easier. Richmond Federal Reserve President Tom Barkin is warning that the United States now faces meaningful risks on both sides of the central bank’s mission, with inflation still not fully tamed and the labor market showing early signs of strain. His message is that the…
Meta’s decision to hand its most ambitious artificial intelligence push to a 29-year-old outsider has triggered an unusually public backlash from one of the field’s most influential figures. Yann LeCun, the company’s former chief AI scientist and a widely cited “AI godfather,” is warning that putting Alexandr Wang in charge of superintelligence efforts risks alienating…
The Warner Bros bidding war has become the defining corporate drama of the streaming era, pitting legacy studios and tech giants against each other in a scramble for scale. The headline-grabbing narrative of a Kushner-style political twist blindsiding a $108.4 billion deal and derailing a Netflix exit reflects the fevered speculation around this saga, but…
The United States has crossed a threshold that many economists once treated as a distant warning, not an imminent reality. With federal obligations now measured in the tens of trillions of dollars, Janet Yellen is arguing that the country is edging toward a line that earlier generations of policymakers hoped never to test. I see…
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