Money, Wealth & Power—A Daily Look at the Financial World
India and the European Union have finally closed a free trade agreement that negotiators chased for two decades, creating what leaders are calling the “mother of all” deals. The pact links one of the world’s fastest growing large economies with its biggest trading bloc, knitting together markets that account for a vast share of global…
A partial federal government shutdown is again on the brink, and this time the fallout is poised to land more directly in household budgets. With a funding deadline approaching and political talks stalled, everything from tax refunds to student loans and grocery benefits could be disrupted at once. I am looking at a convergence of…
Climate disruption has moved from a distant scenario to a live financial variable, reshaping the risk profile of everything from mortgages to municipal bonds. As physical impacts accelerate and policy responses tighten, the global economy is edging toward climate tipping points that could trigger abrupt losses rather than gradual write-downs. Your savings, pension and portfolio…
The Trump administration is reshaping the rules that govern how cars are built, sold, and financed in the United States, with a clear tilt toward cheaper gasoline vehicles and fewer perks for electric models. Fuel economy standards are being reset, consumer tax credits for electric vehicles have been eliminated, and new tax breaks are being…
Audi spent years edging toward a major bet on American manufacturing, only to see the numbers collapse under the weight of President Donald Trump’s tariff strategy. Internal projections that once justified a new plant turned into red ink as import duties on European cars and parts climbed, adding billions of dollars in expected costs and…
Across the United States, the basic math of everyday life has stopped working for a lot of people. Prices for groceries, rent and utilities have climbed far faster than many household budgets, and the result is a wave of anger from workers who feel they are doing everything right yet still falling behind. The cost…
The Federal Reserve is poised to leave interest rates unchanged at its latest policy meeting, even as President Donald Trump publicly pushes for cheaper borrowing costs. For households, that standoff is not an abstract power struggle, it is the backdrop for what you will pay on mortgages, car loans, credit cards, and student debt over…
As India and the European Union race to seal what officials are calling a transformative free trade agreement, Washington is warning that the deal risks hard‑wiring Russian oil revenues into Europe’s energy system. United States Treasury Secretary Scott Bessent argues that by buying fuel refined in India from Russian crude, Europe is, in his words,…
President Donald Trump’s boast that he now has “complete control” of the nation’s capital has crystallized a long‑brewing fight over who really governs Washington. The clash is not just rhetorical, it is playing out in federal orders, budget riders and even the fate of Washington, D.C.’s public golf courses. At stake is whether the capital…
Donald Trump is presiding over an economy that still looks strong on the surface, yet a growing chorus of economists warns that the real damage is accumulating out of sight. They argue that today’s mix of political pressure on institutions, aggressive fiscal choices and regulatory retreat is quietly trading away future stability and growth. I…