Money, Wealth & Power—A Daily Look at the Financial World
A California cryptocurrency custodian valued at more than a billion dollars is packing up its headquarters and heading for the Great Plains just as a fight over taxing extreme wealth erupts in Sacramento. The relocation of BitGo from Silicon Valley to South Dakota crystallizes a broader clash between states that want to aggressively tax fortunes…
General Motors is absorbing a multibillion dollar tariff shock, trimming production in Mexico and warning that American drivers should brace for higher prices on new vehicles. The company is treating a roughly $5 billion hit from new U.S. auto duties as a structural cost, not a passing nuisance, and is reshaping its North American footprint…
French President Emmanuel Macron used the glare of the World Economic Forum in Davos to answer President Donald Trump’s latest tariff threats with unusually sharp language, casting the dispute as a test of whether Europe will bow to economic intimidation. Rather than treat the clash as a narrow spat over champagne or cars, he framed…
Bill Ford is trying to do two hard things at once: argue that the United States still needs a muscular industrial base and keep one of the country’s most storied automakers firmly under family influence. As executive chairman of Ford Motor Company, he has become a public advocate for bringing more factory work back home…
Across the United States, the fight over beauty in the built environment has moved from late-night arguments on social media to construction sites, zoning boards and even the Oval Office. The question is no longer whether design matters, but whether a country wrestling with inequality and climate pressure can still produce places that feel inspiring,…
With days left before key agencies run out of money, Congress has finally put a sprawling funding package on the table that is designed to keep the government open and avoid another grinding shutdown. The deal, assembled at the last possible moment, reflects a fragile bipartisan truce that trades modest spending growth for policy concessions…
President Donald Trump has repeatedly floated the idea of replacing the federal income tax with tariffs, telling Americans that future federal operations could be funded without traditional income levies. If that vision ever moved from rally line to law, the shock would not be evenly distributed, and some states would be far more exposed than…
When large sums of cash arrive in a poor community, the change can look like magic at first glance: debts vanish, roofs get fixed, and market stalls suddenly fill with new goods. Yet what really happens when so‑called “free money” floods a fragile economy is far more complex than a simple before‑and‑after snapshot. The evidence…
The Trump administration’s new “common sense” food pyramid puts meat and other animal proteins at the top of the plate, recasting decades of federal nutrition advice around a protein-first message. The shift promises bigger portions of steak and eggs, but it also raises immediate questions about what that means for grocery bills, health risks and…
Across the world, billionaire fortunes are hitting fresh records just as everyday paychecks are stretched by higher rents, pricier groceries and rising debt. The result is a widening gap between those whose wealth compounds quietly in the background and those whose wages barely keep up with the checkout total. I want to unpack how that…