Money, Wealth & Power—A Daily Look at the Financial World
Bank of America’s decision to scale back its expectations for Federal Reserve rate cuts puts a sharper edge on the final policy meeting of the year, with investors now weighing a slower path to easier money against a still resilient economy. Instead of treating the coming move as the start of an aggressive easing cycle,…
Bitcoin’s latest boom has minted new millionaires and revived old prophecies of digital gold, but it has also inspired a very different kind of bet. While traders cheer fresh highs, a German coder is quietly positioning himself for a spectacular collapse, convinced that the market’s most aggressive optimists are building on sand. His wager is…
Financial markets are no longer treating President Trump’s tariff strategy as background noise. Investors are staring at a Federal Reserve that is openly warning about inflation and asset prices just as the White House doubles down on trade barriers, and the result is a market that is starting to flash red instead of shrugging it…
Michael Burry is once again challenging one of the pillars of American finance, arguing that the United States does not need a central bank and that the Federal Reserve has become more of a liability than a safeguard. Instead of an independent Fed, he is pitching a stripped down, almost bureaucratic replacement that would fold…
Gas prices have finally slipped below the psychological $3 mark nationwide, delivering the kind of relief at the pump that has been missing for years. President Trump is seizing on that momentum, arguing that with the right policies, drivers could soon see $2 gas again. The question now is whether the market, and not just…
Bitcoin’s latest slide is not a random air pocket but part of a broader risk-off wave that has gripped global markets. As trading around the Asia Market Open shows, the token’s failure to gain traction at a key level has coincided with a bond rout and mounting Japan rate hike fears, leaving the benchmark cryptocurrency…
Elon Musk is escalating his criticism of President Donald Trump’s tariff strategy, arguing that higher trade barriers are nudging manufacturers to move production abroad and quietly thinning out factory payrolls at home. His warning lands at a moment when U.S. manufacturing employment is already slipping, and when the political appeal of tariffs is colliding with…
Washington’s economy is not in free fall, yet the scale of public money flowing through the state keeps climbing, from federal “trillions” to state budgets that have swollen far faster than local growth. The disconnect between a broadly solid jobs picture and a government sector still primed for crisis spending is now colliding with a…
Governor Gavin Newsom has turned President Donald Trump’s sweeping tariff agenda into a political foil, casting the White House’s trade brinkmanship as both bad economics and ripe material for ridicule. As Trump leans on tariffs as a signature promise, Newsom is working to frame those same policies as a costly “grift” that hits California families…
The artificial intelligence boom has become the defining growth story of the U.S. economy, lifting stock indexes, fueling a construction wave of data centers, and reshaping corporate investment plans. A new warning from forecasters argues that the same forces powering this surge could also be a major vulnerability, if inflated expectations around AI unwind faster…