Money, Wealth & Power—A Daily Look at the Financial World
The electric vehicle boom that once looked unstoppable has slammed into a wall of consumer hesitation, policy whiplash and corporate missteps. Instead of a smooth glide path to mass adoption, the market has lurched into a painful reset that is hitting automakers, suppliers and buyers harder than many expected. The crash in demand is not…
The French technology group Capgemini is moving to sell a U.S. subsidiary that helped Immigration and Customs Enforcement track migrants in real time, a divestment that lands at the intersection of European corporate ethics and American immigration enforcement. The decision follows mounting scrutiny of how commercial data brokers and analytics firms quietly power the federal…
Prosecutors in Upstate New York say a trusted finance executive turned a family electrical business into his personal bank account, siphoning off more than $4 million over five years. The former Chief Financial Officer of an Albany firm is now accused of orchestrating a sprawling embezzlement scheme that allegedly touched everything from company checks to…
Political risk is no longer a background worry for global markets, it is the story. As President Donald Trump settles into his second term, the swirl of tariffs, personnel shocks and foreign policy gambits is already eroding the sense that U.S. assets are the world’s safest default. The result is not a sudden stampede out…
Nvidia has turned the AI boom into a structural shift in the global economy, positioning itself as the indispensable supplier of the chips and systems that power modern machine learning. Its market value, revenue growth and deal-making now shape how quickly companies, and even countries, can build advanced AI. As its power explodes, the central…
Silver’s spectacular boom and sudden collapse have turned a supposed safe haven into a trap for late‑arriving buyers. After sprinting to record levels earlier this year, the metal has given back a chunk of those gains in a matter of days, inflicting heavy losses on investors who believed the rally was bulletproof. The violence of…
The federal government is borrowing less each year but still adding to a mountain of obligations that has never been higher. The annual deficit narrowed in 2025 even as total U.S. debt surged past $38 trillion, a combination that signals short term improvement but deep structural strain. I see a fiscal picture where headline progress…
A Detroit jurist entrusted with safeguarding people who could not care for themselves is now accused of looting their estates to bankroll liquor tabs and a luxury SUV. Federal prosecutors say nearly $300,000 meant for incapacitated and vulnerable individuals was siphoned off and spent on a bar, high-end car payments, and other personal indulgences. The…
Investors have been asking whether the artificial intelligence boom has already tipped into mania, but one influential market thinker argues the classic conditions for a true bubble are not fully in place. In his view, the missing ingredient could arrive if OpenAI goes public, turning a powerful narrative into a flood of new stock that…
President Donald Trump’s latest tariff moves are starting to ripple through store shelves, and the federal government’s tariff haul has reportedly plunged by about $3 billion as a result. With Tariff Revenue falling from earlier peaks and new refund promises tied to those duties, several everyday products are poised to get cheaper even as households…
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