Money, Wealth & Power—A Daily Look at the Financial World
Nearly 400 of the world’s wealthiest people have done something that still sounds politically upside down: they have publicly pleaded with governments to raise their taxes. In a coordinated open letter timed to the World Economic Forum in Davos, these millionaires and billionaires argue that their own extreme fortunes are destabilising economies and democracies and…
Peter Schiff built his reputation arguing that Gold would ultimately beat flashy growth stocks, yet his recent regret over skipping the Magnificent 7 shows how even conviction investors can misjudge a cycle. I see his admission as a case study in balancing long-term macro views with the brutal math of missed compounding. Each of the…
Canada’s new trade pact with China has detonated a political storm on both sides of the border, with one U.S. senator declaring that Washington “just got absolutely rolled.” The agreement, centred on electric vehicles and farm exports, is being hailed by Prime Minister Mark Carney as a strategic breakthrough and condemned by critics as a…
Jamie Dimon used his latest appearance in Davos to turn the spotlight back on the people in the room. Instead of the usual self-congratulation, he told fellow elites they had not lived up to their own rhetoric about solving global problems and making the world fairer. His critique landed at the same moment he was…
Wall Street is riding a relief rally as investors respond to a tentative framework over Greenland and the sudden disappearance of a tariff threat that had been hanging over global trade. Major U.S. benchmarks have snapped back from their worst stumble in months, with risk appetite returning across equities, commodities and even some corners of…
US equities snapped back sharply after President Donald Trump dialed down his confrontation with Europe and eased the immediate threat of new tariffs. A bruising sell-off earlier in the week gave way to a broad-based rebound as investors recalibrated the risk of a transatlantic trade fight and rotated back into growth-sensitive sectors. The shift in…
The Supreme Court has signaled deep unease with President Donald Trump’s attempt to oust Federal Reserve governor Lisa Cook midterm, a move that would give the White House sweeping leverage over interest rate policy. During arguments, justices across the ideological spectrum pressed Trump’s lawyers on whether the Constitution really allows a president to fire a…
Investors spent 2025 fixated on Nvidia, but one red hot chip stock quietly delivered even stronger performance and now faces a potential catalyst on Jan. 28 that could reset expectations again. The story is not just about graphics processors, it is about the less glamorous infrastructure that makes artificial intelligence possible, from memory to networking…
Income investors hunting for reliable cash flow in 2026 are suddenly spoiled for choice, with a cluster of high-yield names trading at unusually depressed prices. One of the most intriguing is a lesser-known company offering an 8.2% dividend yield, backed by a business that has already survived multiple economic cycles. If the payout holds and…
David Sacks is turning California’s proposed levy on billionaires into a national test of how far government can go in taxing wealth. By branding the measure an “asset seizure” and a political “opening shot,” President Donald Trump’s AI and crypto adviser is framing a state tax fight as a warning about the future of property…