Money, Wealth & Power—A Daily Look at the Financial World
Immigration and Customs Enforcement has long relied on private companies to build its digital and physical infrastructure, but that relationship is starting to fray in ways that reach far beyond public boycotts. Under pressure from shareholders, employees, and foreign regulators, global firms are quietly restructuring, spinning off units, and rerouting investment to distance themselves from…
Corporate leaders keep invoking artificial intelligence as a job killer, yet the official numbers still show a labor market that looks more bent than broken. The gap between the rhetoric and the data is widening, and into that space has crept a new suspicion: that some executives are using AI as a convenient story to…
Across the United States, the promise of keeping every dollar of your paycheck has turned nine no‑income‑tax states into migration magnets. Yet as more workers eye these destinations, the question is whether skipping state income tax really leaves people ahead or simply shifts the bill into less obvious corners of their budgets. I see a…
Coinbase chief Brian Armstrong has been cast as Wall Street’s latest villain, but he is leaning into the role rather than retreating from it. After a high profile profile branded him the financial sector’s “Enemy No. 1,” the Coinbase CEO fired back, arguing that the real fight is not banks versus crypto but whether the…
The world’s largest private hoard of bullion has quietly become one of Washington’s most important new creditors, turning a fortress of gold into a vast reservoir of U.S. Treasurys. That pivot is unfolding just as traditional foreign buyers step back and gold itself surges on fears about America’s debt path. The result is a feedback…
President Donald Trump is betting that a massive cache of critical minerals can become the backbone of a more resilient American industrial base. With a new $12 billion initiative branded “Project Vault,” the administration is moving to stockpile rare earths and other strategic materials that underpin everything from electric vehicles to fighter jets, while trying…
Oracle is staring at one of the most dramatic restructurings in its history, as market jitters over its swelling debt collide with an aggressive bet on artificial intelligence infrastructure. An analyst has flagged potential cuts of up to 30,000 jobs and the possible sale of major assets, just as the company moves to raise tens…
Latin American shop floors and digital marketplaces are being transformed by a tidal wave of low cost Chinese products that are undercutting local manufacturers and reshaping trade ties across the hemisphere. The new Associated Press reporting shows how everything from electric vehicles to fast fashion and household gadgets is arriving at prices regional producers struggle…
Canada poured public money into General Motors on the promise of secure auto jobs and a modernized manufacturing base. Now, after fresh layoffs in Oshawa and other Ontario facilities, Ottawa is moving to claw that money back and turn a political embarrassment into a test case for corporate accountability. The clash pits a government under…
California is moving ahead with a sweeping experiment in how it pays for roads, shifting from a traditional gas tax toward a per‑mile charge that would apply to both gasoline cars and electric vehicles. The idea is simple enough, but the politics are anything but, with supporters calling it a fair way to fund infrastructure…
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