Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has turned his long-running feud with Federal Reserve Chair Jerome Powell into a fresh test of presidential power, claiming that advisers and lawyers have stopped him from removing the central bank chief. His latest comments sharpen a yearslong pattern of public threats, legal pushback and political theater around the Fed, even as…
President Trump is turning his affordability message into a fast‑food stage show, using McDonald’s as the backdrop for a broader economic sales pitch. By bringing his argument about prices and paychecks into a setting built on value menus and combo deals, he is trying to convince Americans that their wallets are in better shape than…
Across advanced economies, the people who clock in, pay tax through their payslips and juggle childcare with commutes are increasingly convinced they are underwriting a parallel system for those who neither work nor contribute. The political shorthand is that “working families” are paying for a “benefits class,” but the real story is more complicated: it…
President Donald Trump has turned tariffs from a niche policy tool into the central lever of United States economic strategy, and the shockwaves are now visible in prices, trade flows, and growth forecasts across the world. What began as a targeted effort to pressure rivals has hardened into a broad regime of border taxes that…
Wall Street’s latest earnings season is sending a blunt message: the profit slump that quietly dogged much of corporate America is giving way to a new phase of expansion. After several years in which talk of a “rolling recession” felt abstract to many households, the numbers now point to a private economy that has already…
American shoppers are not skipping the holidays, but they are rewriting the rules of how and when they spend. Early sales data and fresh surveys point to a season where consumers are still opening their wallets, yet doing it more carefully, more digitally, and with sharper expectations for value. The signal coming from carts and…
The S&P 500’s tech-fueled surge is hitting a patch of turbulence just as investors were counting on a smooth glide into year-end. A cluster of signals, from stretched valuations to fresh doubts about artificial intelligence and crypto, suggests the rally that dominated much of 2025 is starting to tire. Instead of a clean correction story,…
Wall Street has fallen hard for artificial intelligence, and one of its most influential banks now argues that the market has already sprinted ahead of the real economy. The core claim is stark: roughly $19 trillion in U.S. equity value is tied to AI optimism that has yet to show up in productivity data or…
International enrollment at U.S. colleges is sliding at a pace that would have been hard to imagine a decade ago, and the inflection point is not subtle. After President Donald Trump’s overhaul of student visa rules, new foreign student numbers have dropped sharply, reshaping campus finances and the country’s talent pipeline in the process. I…
Gold’s blistering run has forced one of Wall Street’s most influential commodity teams to redraw its map for the next cycle. After a year in which the metal has already logged gains of more than 40% in 2025 and notched fresh records, Goldman Sachs is now projecting that the rally still has room to run…