Money, Wealth & Power—A Daily Look at the Financial World
Japan has signed off on its largest spending blueprint on record, a plan worth roughly $785 billion that aims to support growth, bolster defense and cushion households from persistent price pressures. The package, built around a 122.3 trillion yen general account, comes with a promise from leaders in Tokyo that the era of unchecked borrowing…
US commandos have carried out a rare high seas raid, intercepting a cargo vessel in the Indian Ocean and seizing what officials say were sophisticated missile components worth roughly 5 million dollars and destined for Iran’s arsenal. The shipment, traced back to Chinese suppliers, highlights how covert maritime networks are feeding Tehran’s long‑range strike capabilities…
Ukraine has opened a new chapter in naval warfare, claiming to have crippled a high‑value Russian submarine with an explosive underwater drone in the Black Sea. The strike, which Kyiv describes as the first successful combat use of such a system against a submarine in port, signals how relatively cheap robotic craft are starting to…
The American recovery is splitting into two very different stories. At the top, asset owners and high earners are racing ahead, while families with modest wages are watching prices, debt and insecurity climb faster than their paychecks. The result is a K-shaped economy that keeps widening, leaving millions of households stuck on the lower branch…
When a founder who has helped build a $134 billion data and AI powerhouse warns that the market is losing its grip on reality, it is worth listening. The spectacle of startups raising billions of dollars with effectively $0 in revenue has become a defining feature of the current artificial intelligence boom, and it is…
Artificial intelligence has become the defining economic story of the decade, concentrating market power in a handful of chipmakers and model builders while reshaping how factories, banks and hospitals operate. The stakes are now so large that a sharp reversal could rattle everything from retirement portfolios to hiring plans, yet the same momentum could still…
The White House is leaning hard on a fresh batch of economic data to argue that the recovery is not just intact but accelerating, pointing to rapid growth, easing inflation and a pickup in private investment as proof that momentum is real. The latest figures show output and hiring holding up even as borrowing costs…
President Donald Trump is betting that his sweeping tariff regime will not only reshape the global economy but also define the political battlefield in 2026. He has framed the levies as a generator of “great wealth” for the United States and argued that voters will ultimately judge him and his party on the prices they…
The Federal Reserve is finally saying the quiet part out loud: the tools it used to tame inflation have helped fracture the recovery, and there is no quick way to repair the damage. After a historic cycle of rate hikes and a late pivot to cuts, the central bank is confronting an economy where growth…
Gold and stocks are not supposed to soar together. When both hit records at the same time, it suggests investors are chasing returns while also bracing for trouble, a combination that often precedes sharp reversals. The latest surge in bullion and equities has many economists warning that this rare alignment is less a sign of…