Money, Wealth & Power—A Daily Look at the Financial World
The White House has moved from offhand musings to formal planning as President Donald Trump again presses to bring Greenland under United States control, this time explicitly keeping military force on the table. Officials now describe acquiring the vast Arctic island as a national security priority and say the administration is weighing diplomatic, economic, and…
When Nicolás Maduro quietly loaded Venezuela’s bullion onto planes bound for Europe, he was not just moving metal, he was trying to buy time for a collapsing petrostate. The clandestine transfer of national treasure to Swiss vaults turned gold into a last-resort lifeline, shielding it from creditors and political rivals while the domestic economy buckled….
The world is swimming in crude, yet Washington is trying to pull Venezuela’s barrels back into the market and under tight political control. That tension between oversupply and geopolitics will determine whether buyers are willing to pay a premium for one of the dirtiest and most politically fraught oil streams on the planet. I want…
Across the Atlantic, power markets are starting to flip the script: wholesale prices in parts of Europe are dropping to zero or even turning negative more often, while households in the United States are bracing for higher monthly bills. The same global energy system is producing sharply different outcomes, shaped by policy choices, fuel dependence,…
The overnight capture of Nicolás Maduro has turned Venezuela from a pariah into the newest fulcrum of global energy politics, and Michael Burry is among the first to spell out what that means for Moscow. By his reading, putting Caracas back inside a U.S. security and investment umbrella instantly chips away at Russia’s leverage in…
Prediction markets are supposed to aggregate public information, not front run secret military operations. Yet the trading frenzy around Nicolás Maduro’s capture has turned Polymarket’s odds into a warning light for how close these platforms may be drifting to real-world intelligence signals. When a single anonymous account can turn a few days of wagers into…
The White House is celebrating a rare piece of good news on trade, with the U.S. deficit falling to its lowest level in 17 years just as President Donald Trump’s aggressive tariff regime delivers record revenue. Yet the victory lap comes with a caveat: the same policy the president hails as proof of “American Trade…
Greenland is often framed as a remote ice sheet on the edge of the map, but beneath that ice lies a resource story that could reshape global power. From rare earth elements to oil and gas, the island’s subsurface wealth has been valued in the trillions of dollars, a figure that helps explain why Washington,…
Prices at the grocery store, the gas pump and the car lot have reset higher, and they are not drifting back to where they were. The hidden force that economist E. J. Antoni keeps pointing to is not a single product shortage or a greedy company, but the way money itself has been created and…
Markets are used to parsing every syllable from the Federal Reserve, but the latest warning from Bank of America’s chief executive raises a different risk: political meddling that could shatter that fragile equilibrium. By arguing that investors will “punish” any interference with the central bank, Brian Moynihan is effectively telling Wall Street that the next…