Money, Wealth & Power—A Daily Look at the Financial World
Rep. Julie Johnson has built a national profile as a sharp critic of immigration enforcement tactics, accusing federal agents of “terrorizing communities” and urging Congress to rein in deportation powers. Yet even as she blasted the system in public, she quietly bought and sold shares in Palantir, a data firm that powers President Donald Trump’s…
New York City’s new mayor, Zohran Mamdani, is opening his term with a blunt message to the richest residents and corporations: the city’s $12 billion budget hole will be filled from the top. He is demanding higher taxes on wealthy New Yorkers and large firms to stabilize services and undo what he brands as a…
President Donald Trump’s escalating tariffs were billed as a way to claw back leverage for the United States, but the immediate winners look increasingly like its biggest rivals and frenemies. As Washington leans into protectionism, partners unnerved by sudden duties and threats are racing to lock in new access to Asian markets instead. In practice,…
Warren Buffett has spent decades warning that America’s rising red ink is a political problem long before it is a mathematical one. His now famous claim that he could wipe out the U.S. deficit in five minutes is not a magic accounting trick, but a blunt attempt to change the incentives that drive Congress. At…
Gold’s latest surge is not just another commodity story, it is a blunt verdict on the way governments and central banks are managing the global economy. Prices have jumped alongside mounting anxiety about debt, inflation and political risk, turning a traditionally sleepy asset into a front‑page barometer of fear. When Terry Savage calls attention to…
Cuba is hurtling into a fuel emergency just as President Donald Trump openly predicts that the island’s communist government is nearing collapse. With its subsidized Venezuelan crude cut off and new pressure on alternative suppliers, Havana is confronting a shortfall that officials say could leave the country without oil within weeks. Trump, fresh from military…
Federal deployments of troops to American cities are no longer an abstract political fight, they are a line item on the national balance sheet. By the end of 2025, domestic missions tied to President Donald Trump’s orders had already cost taxpayers $496 million, and new estimates show that figure rising fast in 2026. I see…
The latest federal population estimates land like a cold splash of water. Growth has slowed to a crawl, births are falling, and the country is relying on a shrinking pool of newcomers from abroad to keep its numbers from flatlining. Beneath the topline figures, the new report is filled with unsettling signals about how the…
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…