Money, Wealth & Power—A Daily Look at the Financial World
Oil is back in the geopolitical danger zone. Benchmark prices have jumped to a six month high as traders rapidly price in the risk that the United States could launch strikes on Iran, turning a tense standoff into a direct confrontation. The move has revived fears of a supply shock at a moment when global…
The dollar’s slide has been swift and politically charged. Over the past year, the U.S. currency has dropped about 10% against a basket of major peers, and President Trump is publicly cheering the move as “great” for America. I see a more complicated picture, one where exporters may celebrate but households face higher prices, thinner…
The chorus of experts who anticipated the 2008 meltdown is growing louder again, and this time their warnings point to a shock that could eclipse the last crisis. Several of the economists who built their reputations by flagging the housing bust and its fallout now argue that the United States faces a deeper, more systemic…
New York City Mayor Zohran Mamdani is trying to solve a $12 billion budget hole and reset the city’s approach to public safety at the same time. He is demanding higher taxes on the richest New Yorkers and the corporations that call the Big Apple home, while promising to dismantle the NYPD unit that polices…
Canada’s corporate establishment has delivered a rare and very public slap at Canadian Prime Minister Mark Carney, challenging his approach to managing relations with President Donald Trump. At the heart of the clash is how far Canada should go in hedging against U.S. pressure without jeopardizing an economic relationship that still underpins national prosperity. The…
The latest lawsuit over a sprawling special needs trust scandal in Clearwater does not target only the indicted entrepreneur at its center. It now reaches into the banking system that handled the money, accusing a major institution of failing to shield vulnerable beneficiaries from a $100 m loss. At stake is not just $100 million…
President Donald Trump has spent his second turn in the Oval Office treating tariffs like a light switch, flicking them on and off in ways that unsettle allies, rattle markets and leave households paying the bill. On paper, the United States is posting solid growth and cooling inflation, yet the lived experience for many Americans…
Venezuela is throwing open the gates of its vast oil fields just as President Donald Trump threatens sweeping tariffs on any crude that keeps Cuba’s economy running. The twin moves, one inviting foreign capital and the other warning off suppliers to Havana, are colliding in a way that could redraw energy flows across the Americas….
Strong growth numbers are painting a rosy picture of the United States economy, but the person in charge of monetary policy is sounding a more sobering note. Jerome Powell is warning that a new pattern in household behavior, driven by stubborn inflation and higher borrowing costs, is quietly tightening the screws on family budgets even…
America’s logistics and tech backbone is being ripped up and rewired in real time. Amazon and UPS are cutting tens of thousands of positions, not as a short-term panic, but as part of a deeper reset in how goods move, how work is organized, and where profit really lies. The result is a brutal reshuffling…
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