Money, Wealth & Power—A Daily Look at the Financial World
Artificial intelligence is no longer a distant threat to routine office work; it is now brushing up against some of the most trusted professions in public life. New research from Microsoft identifies 40 roles with the highest overlap between what humans do and what generative AI can already handle, and teachers are among the surprising…
California’s latest attempt to tax extreme wealth has triggered a remarkably fast response from the people it targets. Within days of a new “billionaire tax” proposal surfacing, ultra-rich residents began shifting homes, residency and capital toward Florida, turning Miami into the most visible winner of this high-stakes policy gamble. The result is a vivid split-screen:…
Across the country, millions of low wage workers are starting the year with a bigger paycheck as 19 states implement new minimum wage increases. At the top of the pack, Washington is setting a new bar for hourly pay, underscoring how state level policy has become the main driver of wage floors in the absence…
After a year of hand-wringing over tariffs and shutdown threats, the center of gravity in the economic debate has shifted. Growth expectations for 2026 are now comfortably above 2%, and the more interesting question is not whether the United States will avoid recession, but how long it can sustain an expansion that keeps outrunning its…
Connecticut shoppers are discovering that the smallest coin in their wallets has suddenly become the biggest headache. A national penny shortage, colliding with new federal rules on coin production, has turned routine errands into tense negotiations over nickels and dimes, with some store aisles feeling, as one shopper put it, “like the Wild West.” What…
Donald Trump is selling a story of an economy on the brink of spectacular revival, insisting that growth will surge and inflation is already under control. An economist who publicly challenged that narrative has instead warned that if policy veers further toward political pressure and fiscal excess, a “collapse will follow,” sketching a far darker…
Gold and silver are not just rallying, they are screaming that something is wrong in the global financial system. Renowned gold advocate Peter Schiff argues that the surge in precious metals is a warning of a looming dollar crisis and a broader market shakeout, and he insists that this environment favors hard commodities over Bitcoin….
A tongue in cheek campaign to “buy” California from President Donald Trump has exploded from a niche joke into a viral political statement, with hundreds of thousands of people clicking to sign. What began as a satirical response to Trump’s fixation on acquiring Greenland has turned into a sprawling online conversation about democracy, climate policy…
President Donald Trump’s escalating confrontation with Europe over Greenland has turned a geopolitical sideshow into the main driver of global markets. Safe‑haven metals are surging to unprecedented levels while the once untouchable crypto complex is suddenly trading like any other risk asset. Gold is punching through records as investors scramble for protection, even as Bitcoin…
Global markets woke up to a jolt after President Donald Trump blended bravado, grievance and geopolitical brinkmanship in a single message about Greenland and the Nobel Peace Prize. What some supporters framed as a joke landed very differently with traders, who treated the threat-laced quip as a fresh risk to trade, alliances and corporate earnings….