Money, Wealth & Power—A Daily Look at the Financial World
The head of one of the world’s biggest networking companies is warning that artificial intelligence will not just create winners, it will also leave a trail of lost jobs. Cisco chief executive Chuck Robbins has described an approaching wave of workplace disruption as “carnage” for workers who fail to adapt, even as he champions AI…
President Donald Trump is selling a story of American resurgence, telling voters the country is entering a new “golden age” even as key indicators flash warning signs. Conservative economists and Republican strategists are increasingly describing a far darker outlook, arguing that the current mix of high spending, trade disruption, and political turmoil is leaving the…
Peter Schiff is once again sounding the alarm on the United States economy, arguing that the next downturn will be so severe that the 2008 meltdown will look mild by comparison. At the same time, he is doubling down on a familiar solution, telling investors that gold, which he describes as having “no ceiling” on…
Wall Street is quietly wagering that the Supreme Court will clip President Donald Trump’s tariff powers, ease a major source of uncertainty, and leave the real economy to prove it can grow without emergency trade protection. The bets are visible in prediction markets, sector positioning, and research notes that treat a rollback of Trump’s signature…
Silver’s blistering rally has turned a once-sleepy metal into one of the hottest trades in global markets, but the very speed of that ascent is now flashing danger. Former JPM quant chief Marko Kolanovic is warning that the surge has all the hallmarks of a blow‑off top and that prices are at risk of collapsing…
American Bitcoin has quietly become one of the most closely watched corporate holders of Bitcoin, and its latest purchase underlines why. The Trump-backed miner added 416 BTC to its balance sheet, lifting total reserves to 5,843 BTC and signaling that its treasury strategy is built around aggressive accumulation rather than short term trading. For investors…
Nike is shedding hundreds of warehouse jobs in the United States as it leans harder into automated logistics, turning a long-running corporate buzzword into a blunt reality for frontline staff. The company is eliminating approximately 775 employees across key distribution hubs, recasting its supply chain around machines and software rather than people. For the workers…
On paper, the United States is enjoying a powerful rebound, with headline growth, solid hiring and confident forecasts all pointing to a “booming” economy. Yet for millions of households, the lived reality is a grinding affordability crisis that makes that boom feel like a mirage. The gap between the glossy numbers and everyday life is…
California is racing toward a high-stakes showdown over whether to slap a new levy on its richest residents just as some of those fortunes are already heading for the exits. A proposed wealth tax aimed squarely at billionaires has split Democrats, rattled Silicon Valley and drawn in some of the country’s most powerful unions. At…
The Federal Reserve has chosen to hold its benchmark interest rate in a range of 3.5 to 3.75 percent, resisting direct pressure from President Donald Trump to ease more aggressively even as major stock indexes flirt with or surpass record highs. The move underscores a widening gap between a White House eager for cheaper money…
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