Money, Wealth & Power—A Daily Look at the Financial World
Visa policy, once a sleepy corner of diplomacy, has become a frontline weapon in a widening confrontation between Washington and the rest of the world. As the United States tightens entry rules for foreign nationals, more governments are recalibrating how they treat American visitors, weighing everything from new fees to outright restrictions. The result is…
As President Donald Trump doubles down on his Greenland tariff threats, his own Treasury chief is publicly warning Europe that striking back would be a serious mistake. Scott Bessent is not just defending the White House line, he is arguing that a full‑blown trade fight over the Arctic island would damage both sides and risk…
Tariffs are often sold as a way to make foreign exporters pay, but new research on President Donald Trump’s trade policy shows the bill is landing almost entirely in American wallets. Instead of foreign companies slashing prices to keep access to the United States, the costs are being passed through to importers, businesses and households…
President Donald Trump is trying to turn the World Economic Forum in Davos into the launchpad for his signature foreign policy project, a new Gaza-focused “Board of Peace,” but a public refusal from Emmanuel Macron has exposed deep resistance among key allies. The clash between Trump’s push for a high-profile signing ceremony and the French…
President Donald Trump has tied a new round of US tariffs to European support for the status of Greenland, putting some of the continent’s biggest export engines back in the firing line. A 10 percent levy on a cluster of allied economies would not hit Europe evenly, instead it would concentrate pain on a handful…
The artificial intelligence buildout is no longer a software story alone. Behind every chatbot, recommendation engine, and factory robot sits a physical network of chips, servers, power lines, and cooling systems that must scale at industrial speed. Over the next five years, I see one part of that stack emerging as the standout beneficiary of…
Donald Trump has already presided over one multibillion dollar policy debacle, and the warning signs suggest he is preparing to walk the country straight back into it. From tariffs that drag on growth to costly walls and stalled clean energy projects, the pattern is a familiar mix of big price tags, thin results and heavy…
Jamie Dimon is not easily rattled, but the longtime head of the largest U.S. bank is telling clients that the next couple of years will look very different from the decade of cheap money and benign inflation. He has zeroed in on three powerful forces that, in his view, will collide by 2026 and reset…
The Trump administration has turned a long-shot territorial ambition into the centerpiece of a transatlantic trade fight, with Treasury Secretary Scott Bessent arguing that acquiring Greenland is urgent enough to justify new tariffs on key European partners. By framing the push as a “national emergency,” Bessent is trying to recast a controversial annexation bid as…
California’s richest residents are no longer just grumbling about taxes in private; they are reorganizing their lives, assets, and public personas around the threat of a new levy on extreme wealth. A viral campaign led by prominent tech founders has turned a once wonky ballot idea into a status symbol of resistance, and a growing…