Money, Wealth & Power—A Daily Look at the Financial World
The Office of Personnel Management’s declaration that the Department of Government Efficiency (DOGE) is officially dissolved marks a rare, sweeping reset of a federal entity that was created to symbolize modernization but ended up embodying bureaucratic drift. The move closes the book on an experiment in cross‑agency reform and forces a reckoning over what, if…
New graduates are stepping into a labor market that looks strong on paper yet feels unforgiving up close. Headline unemployment is low and job postings are plentiful, but entry-level candidates are discovering that the path from diploma to paycheck is far steeper and more confusing than it was even a decade ago. I want to…
Donald Trump has promised a new wave of factory jobs and energy projects, casting his second term as the start of a fresh industrial boom. Yet some of his own moves, especially on trade and immigration, are already colliding with the practical needs of manufacturers, energy developers, and the communities that host them. The result…
Elon Musk promised that DOGE would be the Silicon Valley style fix for Washington bloat, a skunkworks inside the federal government that could slash costs with the same ferocity he brought to his companies. Instead, the project has become a case study in how not to run a reform campaign, with a former Republican strategist…
President Donald Trump is leaning directly into Hollywood’s business, pressing Paramount to revive the kind of hard-edged, crowd-pleasing action comedies that dominated multiplexes in the late 1980s and 1990s. At the center of that push is a reported demand to fast-track a new Rush Hour sequel and restore what he sees as a tougher, less…
President Donald Trump is arguing that the real payoff from his tariff strategy has yet to show up in the data, even as critics point to higher prices and political backlash at home. He is casting the policy as a long game, insisting that the headline numbers understate what he calls a coming windfall for…
Bitcoin’s latest slide has been sharp enough to rattle even seasoned traders, with the price down about 21% in November and wiping out a chunk of this year’s gains. Yet the core narrative that draws many buyers into the asset, the idea of long-term growth potential, still looms large over the short-term pain. I see…
For years, getting into an Ivy League school has been shorthand for the pinnacle of selectivity. Now the labor market has quietly stolen that crown. It is statistically more realistic to win a spot at Harvard than to emerge from a stack of hundreds of résumés with a job offer, and that inversion says as…
Tech’s biggest employers have shed more than 65,000 roles in a little over a year, even as they tout artificial intelligence as the next trillion‑dollar growth engine. The timing has invited a convenient narrative that AI is already automating away white‑collar work, but the pattern of cuts, the internal memos, and the financials point to…
Investors are bracing for another bout of price pressure, and the easy political story is to blame tariffs. Jason Bessent is pushing back on that narrative, arguing that the latest inflation flare-up is rooted in deeper forces inside the economy rather than in the White House’s trade brinkmanship. I see his argument as a test…