Money, Wealth & Power—A Daily Look at the Financial World
Donald Trump has already presided over one multibillion dollar policy debacle, and the warning signs suggest he is preparing to walk the country straight back into it. From tariffs that drag on growth to costly walls and stalled clean energy projects, the pattern is a familiar mix of big price tags, thin results and heavy…
The automaker behind Jeep has turned five years old with little to celebrate in the stock market. Stellantis shares are down about 43% from their debut, a brutal verdict on a sprawling merger that was supposed to create a global powerhouse and instead left investors waiting for a convincing comeback. I see a company now…
California’s latest attempt to tax extreme wealth has triggered a remarkably fast response from the people it targets. Within days of a new “billionaire tax” proposal surfacing, ultra-rich residents began shifting homes, residency and capital toward Florida, turning Miami into the most visible winner of this high-stakes policy gamble. The result is a vivid split-screen:…
Across the country, millions of low wage workers are starting the year with a bigger paycheck as 19 states implement new minimum wage increases. At the top of the pack, Washington is setting a new bar for hourly pay, underscoring how state level policy has become the main driver of wage floors in the absence…
After a year of hand-wringing over tariffs and shutdown threats, the center of gravity in the economic debate has shifted. Growth expectations for 2026 are now comfortably above 2%, and the more interesting question is not whether the United States will avoid recession, but how long it can sustain an expansion that keeps outrunning its…
Connecticut shoppers are discovering that the smallest coin in their wallets has suddenly become the biggest headache. A national penny shortage, colliding with new federal rules on coin production, has turned routine errands into tense negotiations over nickels and dimes, with some store aisles feeling, as one shopper put it, “like the Wild West.” What…
Donald Trump is selling a story of an economy on the brink of spectacular revival, insisting that growth will surge and inflation is already under control. An economist who publicly challenged that narrative has instead warned that if policy veers further toward political pressure and fiscal excess, a “collapse will follow,” sketching a far darker…
Gold and silver are not just rallying, they are screaming that something is wrong in the global financial system. Renowned gold advocate Peter Schiff argues that the surge in precious metals is a warning of a looming dollar crisis and a broader market shakeout, and he insists that this environment favors hard commodities over Bitcoin….
Bitcoin’s violent swings are once again colliding with a powerful rally in gold, reviving a bold question for investors: could a deep crypto selloff be the catalyst that finally sends bullion toward $10,000 an ounce and beyond. At the same time, income-focused investors are looking past the metal itself to dividend-paying miners that can turn…
Bitcoin has survived multiple crashes, regulatory crackdowns and a revolving cast of skeptics. Now one of the sector’s most outspoken analysts is not just predicting another downturn but outlining how, in his view, the entire system could unravel on a clear timeline. His warning lands just as other high profile critics, from Nobel laureates to…