Money, Wealth & Power—A Daily Look at the Financial World
Voters are not just unhappy about high prices, they are increasingly pointing the finger at the man in the Oval Office. A cluster of new polling shows that even people who backed Donald Trump now say the cost of living is the worst they can remember and that the president bears direct responsibility for it….
The United States has quietly crossed a threshold that planners in Tehran long treated as theoretical, sending F-35 stealth fighters into Iranian airspace to clear a path for strikes on nuclear infrastructure. What began as a tightly guarded mission to neutralize uranium enrichment sites has now emerged as a case study in how a roughly…
Victoria is preparing to shed 1,000 public service roles just as workers head into the Christmas period, a decision that crystallises the Allan government’s shift from pandemic-era expansion to fiscal retrenchment. The cuts, framed as part of a multibillion-dollar budget repair effort, will reshape how the state bureaucracy is structured and who bears the pain…
Ford is putting its weight behind President Donald Trump’s decision to reset federal fuel economy rules, casting the move as a practical correction that will make new vehicles cheaper to build and buy. By framing the rollback as a victory for affordability and “common sense,” Ford chief executive Jim Farley is betting that car buyers…
Bitcoin’s latest slide looks dramatic on a price chart, but in the context of its history it is closer to routine turbulence than a structural breakdown. After a powerful run to fresh highs, the market has given back roughly a third of its value, a scale of pullback that has repeatedly appeared between major bull…
Federal Reserve rate cuts rarely arrive in calm markets, and Ray Dalio is treating the next easing cycle as a potential spark for one last speculative surge before the air comes out of the bubble. He is framing the coming shift in policy as the late stage of a much larger “big debt cycle,” where…
Car shoppers have been squeezed by record sticker prices, and the White House is now betting that a sweeping reset of fuel economy rules can finally bend those costs down. The latest move from President Donald Trump targets the regulations that shape how automakers design, price, and market new vehicles, with the explicit promise that…
The head of the U.S. Securities and Exchange Commission is trying to reset how American markets work, from the moment a startup considers going public to the way crypto trades on regulated venues. The moves amount to a bet that lighter, more targeted disclosure and clearer digital-asset rules can revive public listings without sacrificing investor…
Federal auditors are warning that the Affordable Care Act’s subsidy system is far more vulnerable to abuse than officials have acknowledged, with sham applications sailing through and premium tax credits flowing to people who are no longer alive. The latest findings suggest that what was sold as a tightly controlled safety net has, in practice,…
Gold bugs are used to bold forecasts, but few are as extreme as Peter Schiff’s call that the metal could eventually trade at $100,000 an ounce. His argument is not about short term price action, it is a sweeping bet on the future of the U.S. dollar, global debt and the stability of the financial…