Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has turned a long-running fascination with Greenland into a central talking point about American security, insisting that controlling the vast Arctic island is essential to defending the United States. Military insiders and allied officials are now pushing back, arguing that the United States already has the access it needs and that trying…
President Donald Trump is once again treating his social media feed like a personal statute book, blurring the line between online venting and the actual powers of his office. His latest Truth Social outbursts, from declaring sweeping economic edicts to handing himself foreign titles, read less like policy and more like a 79‑year‑old president testing…
When the Iranian government hits the switch on nationwide connectivity, protest videos do not stop, they simply reroute. The secret is a mesh of suitcase-sized dishes and low-orbit satellites that let Iranians bypass the state’s chokehold and push footage of crackdowns onto global platforms. I see Starlink turning into a parallel information infrastructure, fragile and…
The Justice Department’s criminal investigation into Federal Reserve Chair Jerome Powell has already become a political Rorschach test, and Anthony Scaramucci is using it to argue that President Joe Biden has effectively secured a second term. By framing the probe as a sign that Donald Trump’s team is overreaching against an institution that voters broadly…
American shoppers ended the year with a burst of spending that surprised many forecasters, turning what had looked like a cautious holiday into a strong finish for retailers. December’s results did not just beat muted expectations, they capped off a two‑year pattern in which consumers repeatedly stepped up when it mattered most for the sector….
Index funds have long been sold as the safest, simplest way to invest, yet one of the United Kingdom’s best known stockpickers is now warning that their rise could end badly. Terry Smith argues that the relentless flow of money into passive products is distorting markets, inflating a narrow group of winners and setting up…
The United States is stuck in what economists are calling a frozen labor market, where hiring has cooled, layoffs are restrained, and workers feel trapped in place rather than propelled into better roles. The headline numbers still look stable, but underneath, a clear divide has opened between sectors adding staff and those quietly shrinking. I…
A little known prediction market trader turned a high risk wager on Nicolás Maduro’s downfall into a life changing windfall, and now regulators and lawmakers in Washington are treating the case as a test of how far online betting on geopolitics can go. The mystery account’s roughly $400,000 profit on Polymarket has become a Rorschach…
President Donald Trump has turned a long‑running feud with Federal Reserve Chair Jerome Powell into a full‑blown confrontation, betting that criminal pressure will finally bend monetary policy to his will. Instead, the campaign risks hardening institutional resistance, rattling markets, and leaving Trump looking less like a strongman and more like a president who misread the…
President Donald Trump’s second term is being bankrolled by a new class of political investors, a mix of artificial intelligence executives, tech power brokers and families entangled in serious criminal cases. Their checks are large, their interests are specific and their proximity to federal power raises sharper questions than in his first run. I see…