Money, Wealth & Power—A Daily Look at the Financial World
The story of the labor market under President Donald Trump has been sold as a comeback narrative, with strong hiring and confident workers supposedly defining his first year back in office. Yet as official data and independent analyses accumulate, a quieter picture is emerging of an economy adding jobs at a crawl and workers feeling…
Canada’s abrupt decision to pull back from a trade opening with China has exposed just how vulnerable even a G7 economy can be when caught between Washington and Beijing. After President Donald Trump threatened punishing tariffs on Canadian exports, Prime Minister Mark Carney moved from touting a breakthrough with Beijing to insisting Ottawa has “no…
The dollar’s latest slide, a powerful rally in gold and silver, and a louder push from BRICS countries to build alternatives have revived an old fear in markets: that the U.S. currency is on the brink of collapse. Peter Schiff is again warning that de-dollarization is accelerating and that investors who ignore it risk being…
California’s promise of sunshine and social mobility is colliding with a harsher reality for the people who once embodied its success. Middle class families are quietly packing moving trucks, cashing out modest home equity, and heading for cheaper, safer ground. The state’s population losses are no longer a blip at the margins, but a sustained…
Investors expecting the European Union to lock in the world’s biggest trade pact have instead been handed another delay, and with it a fresh dose of uncertainty. The bloc’s decision to stall ratification of its agreement with South America’s Mercosur countries has rattled markets that had already priced in a new era of tariff cuts…
President Trump sold his One Big Beautiful Bill Act as the linchpin of a plan to slash red ink through faster growth, not higher taxes. The emerging math points in the opposite direction, with independent analysts warning that the Big Beautiful Bill could add roughly $5.5 trillion to federal deficits and make it harder, not…
Silver’s vertical price spike has turned a once sleepy corner of the commodities market into the most fevered trade of early 2026. Spot prices have vaulted into triple digits, retail coins are changing hands at eye-watering premiums, and the move has been so abrupt that even seasoned metals traders are whispering the word “bubble.” I…
The United States is confronting a corporate reckoning that had been postponed for years. After an era of cheap money and emergency support, bankruptcies are now climbing across sectors, from airlines to construction, and the numbers are starting to rival the aftermath of the Great Recession. I see a convergence of higher rates, expiring debt,…
Canada is racing to redraw its trade map, pushing beyond its traditional reliance on the United States and China just as its energy minister lands in India to reboot a long-dormant relationship. The government is pairing a high-level diplomatic pivot with a concrete offer of oil, gas, and critical minerals, betting that a deeper partnership…
President Donald Trump’s threat to slap sweeping tariffs on Canadian imports is not just another skirmish in a long trade fight. It is a direct shot at the everyday prices Americans pay for cars, appliances, and groceries, with the potential to trigger a fresh burst of inflation just as households are still adjusting to higher…