Money, Wealth & Power—A Daily Look at the Financial World
The White House is racing to contain the fallout after President Donald Trump appeared to reveal sensitive jobs data on social media before its official release, reviving long‑running concerns about how he handles market‑moving information. The episode has forced aides to confront a basic question of modern governance: how do you square a president’s instinct…
The United States is suddenly sitting on what looks like a once‑in‑a‑generation mineral windfall: a volcanic trove of lithium, the “white gold” that underpins electric vehicles, smartphones, and grid batteries. Geologists and energy analysts now estimate that a single supervolcano complex could hold a lithium resource valued at roughly $1.5 trillion, enough to reshape global…
International travel to the United States is slipping just as global tourism is rebounding, and the numbers are no longer easy to dismiss as a blip. A projected 6.3 percent fall in inbound visitors next year points to a structural problem, not a seasonal lull, with higher costs and tougher politics combining to push travelers…
President Donald Trump keeps telling Americans that prices are “coming down tremendously” and that inflation is “defeated.” For families staring at grocery receipts and rent bills, that claim does not match lived reality, and it does not match the official data either. The headline promise of collapsing prices runs into a more stubborn story in…
President Donald Trump is pitching a sweeping plan to channel roughly $100 billion of private oil money into Venezuela, casting it as a win for U.S. energy security and a lifeline for the country’s shattered industry. Inside the room with the executives who would have to write those checks, however, the mood is far more…
The idea that Venezuela is quietly sitting on a secret Bitcoin fortune worth $60 billion has rocketed around crypto circles, promising a geopolitical plot twist and a potential windfall for whoever controls it. The story is irresistible: a sanctioned petrostate, a digital escape hatch, and a stash that would rival the largest corporate treasuries in…
The fatal shooting of Renee Nicole Good by an Immigration and Customs Enforcement officer in Minneapolis has collided with a fragile budget process, turning a single operation into a test of how far Congress is willing to go to remake the nation’s immigration enforcement machinery. As the next funding deadline approaches, lawmakers are openly weighing…
The United States has entered 2026 with a debt load that would have been unthinkable a decade ago and a bond market facing a powerful new competitor. With federal obligations now above $38 trillion and a surge of corporate borrowing tied to artificial intelligence and data centers, the race for investor cash is intensifying just…
The trade war that once felt like an abstraction on balance sheets has finally hit the bar top. A $9 billion bourbon powerhouse built in Kentucky is now cutting production, closing facilities, and shedding jobs as tariffs collide with a global demand slump and a domestic shift away from heavy drinking. What looked like a…
Hiring in the United States has shifted from a sprint to a shuffle, and the drag is no longer confined to a few struggling sectors. After a year in which job creation slowed to a crawl, the latest data show a labor market that is still adding positions, but at a pace that feels more…