Money, Wealth & Power—A Daily Look at the Financial World
The discovery of a vast new trove of minerals valued at around six trillion dollars is not just another resource story, it is a shock to the wiring of the global economy. When a single find rivals the annual output of major economies, trade flows, industrial strategies, and geopolitical alliances all start to shift. I…
Artificial intelligence is forcing a new kind of economic thought experiment into the mainstream: what happens if output surges while work disappears. Anthropic CEO Dario Amodei is sketching a future in which Silicon Valley’s most powerful firms enjoy a 50% jump in GDP-style output even as unemployment climbs. The warning is not about a distant…
Gold’s surge through $4,900 per ounce has turned a long-running bull market into a full-blown mania, with silver and platinum racing higher in its slipstream. What began as a classic flight to safety has morphed into a broad, synchronized spike across precious and industrial metals, reshaping everything from central-bank reserve strategies to the economics of…
Palantir co-founder Billionaire Peter Thiel has walked away from one of the hottest trades in markets, selling his Nvidia stake and concentrating his money in a small basket of artificial intelligence winners. Regulatory filings show that 100% of his portfolio is now committed to just three AI-focused Stocks, a level of conviction that stands out…
California is preparing to vote on a one-time levy on its richest residents that is being sold as a modest 5 percent charge on extreme fortunes. On paper, the idea sounds like a limited emergency measure aimed squarely at billionaires. In practice, the structure of the proposal could make the effective hit far larger, reshaping…
President Donald Trump is escalating his confrontation with Europe just as global investors revive the “Sell America” trade that first rattled markets in 2025. His warning of “big retaliation” if European governments dump U.S. bonds comes alongside a widening blacklist strategy that now stretches from foreign ports to political rivals and corporate giants. Together, these…
President Donald Trump has turned a technical question about who buys U.S. debt into a geopolitical confrontation, warning of “big retaliation” if European investors dump American assets. At the same time, a cluster of Danish pension funds is quietly trimming or exiting U.S. Treasuries, citing worries about “weak” and “poor” U.S. government finances and growing…
A new open letter from the global elite has turned a familiar Davos backdrop into something closer to a confession. Hundreds of very wealthy people are publicly pleading with governments to raise their taxes, arguing that extreme wealth has become a danger to democracy and social stability. The message is blunt: the system that made…
Private-credit funds that once promised equity-like returns with bond-like stability are suddenly facing a rush for the exits. Investors who piled into these opaque vehicles during the era of ultra-low rates are now racing to pull money as payouts shrink and the risks buried in complex loans become harder to ignore. The scramble to cash…
Tesla is kicking off 2026 with one of its most aggressive sales offensives yet, pairing 0% financing with a wave of surprise upgrades and cash-style incentives. The company is leaning on cheap credit, richer equipment bundles, and targeted discounts to keep its electric vehicles moving in a market that is suddenly crowded with rivals and…