Money, Wealth & Power—A Daily Look at the Financial World
Global markets are grappling with a rare alignment of risks, from swelling public debts to shifting geopolitical alliances, that some economists now describe as a self reinforcing “doom loop” for the world economy. At the center of that feedback cycle sits the U.S. dollar, still the dominant reserve currency but no longer looking invulnerable. The…
The decision to leave Bank of America chief executive Brian Moynihan off the guest list for a Trump reception in Davos turned a private slight into a very public signal. What might once have been dismissed as a scheduling quirk now looks like a deliberate escalation in a long running clash between the White House…
President Donald Trump is again testing the outer limits of American statecraft, floating the idea of paying every resident of Greenland $1 million to bring the vast Arctic territory into the United States. The proposal, framed as a once-in-a-lifetime windfall for roughly 56,000 people, would turn a long-running geopolitical tug-of-war into a direct cash offer…
Criminals have figured out that the easiest way to beat bank security is to go straight to the source: the person holding the card. Instead of hiding behind anonymous phishing emails, they are now showing up, literally and figuratively, at front doors to separate people from their debit cards and PINs. I want to walk…
With artificial intelligence, cloud software, and next‑generation chips driving markets, a handful of focused exchange‑traded funds are positioned to grow far faster than the broad S&P 500 over the next five years. Instead of trying to pick individual winners, investors can use these concentrated vehicles to ride entire themes like semiconductors, large‑cap growth, and small‑cap…
President Donald Trump is dangling a once unthinkable offer over the Arctic: a proposal that could see every person in Greenland handed around 1,000,000 dollars in exchange for backing a transfer of the vast island into the United States. The idea, framed by Trump as an “ultimate deal,” fuses hard cash, strategic minerals and military…
House and federal investigators are now examining how Rep. Ilhan Omar went from reporting no assets to being linked to an estimated $30 million in family wealth, a trajectory some critics have flatly labeled “not possible” under normal circumstances. At the center of the storm are opaque business interests tied to her husband, questions about…
Gold is no longer trading to the old script. A powerful new class of buyers has stepped in, prices are grinding toward levels that once sounded fanciful, and the traditional playbook that tied bullion neatly to interest rates and the dollar is starting to look outdated. I see a market being repriced in real time…
Mitt Romney is trying to rewrite the Republican script on taxes at the very moment America’s red ink is reaching historic levels. As the national debt surges and interest costs balloon, he is arguing that the richest Americans, including people like himself, will have to shoulder more of the burden if the country wants to…
Gasoline has quietly become one of the brightest spots in Americans’ household budgets, with pump prices slipping below $2 a gallon in parts of the country and easing the sting of everything from rent to groceries. President Donald Trump is seizing on that shift, arguing that the slide in fuel costs is “bigger than a…
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