Money, Wealth & Power—A Daily Look at the Financial World
Andrew Yang is again sounding the alarm on automation, warning that artificial intelligence could erase work for tens of millions of Americans and trigger what he calls a “catastrophic” shock to communities built around vulnerable jobs. His new projection that up to 40 m positions could disappear over the next decade reframes AI not as…
Every trading week builds toward a single session when optimism, fear and unfinished business collide: Friday. By the time the closing bell rings, portfolios are effectively locked in for two days, and that pause can turn an ordinary move in stocks into a catalyst for the week ahead. When key data and fragile sentiment line…
Michael and Susan Dell are putting an extraordinary $6.25 billion on the table to push millions of American families to claim long-promised “Trump Accounts” for their children. Their move instantly turns a technocratic savings program inside President Donald Trump’s economic agenda into one of the largest targeted wealth-building experiments in U.S. history. By tying a…
The delayed tariffs that were initially postponed to give companies time to rework contracts and supply chains are now beginning to bite into corporate operations across manufacturing, retail, technology and transportation. After a period of relative stability under the deferrals, the emerging strain is showing up in budgets, capital spending plans and early workforce decisions….
Investors are racing to pour unprecedented sums into artificial intelligence infrastructure, but the basic economics are starting to look strained. IBM chief executive Arvind Krishna is now warning that at current prices for chips, power, and construction, the idea of spending trillions of dollars on AI data centers simply does not pencil out. His argument…
Warnings about socialism are no longer coming only from politicians or campus activists. A growing chorus of billionaires is arguing that a new wave of left-wing ideas is not just about tax rates or student debt, but about a deeper attempt to rewrite the country’s economic and cultural rules. Their alarms say as much about…
U.S. bankruptcy cases are climbing again, reversing the unusually quiet period that followed the pandemic stimulus era and years of ultra-low interest rates. The latest data shows both households and companies straining under higher borrowing costs, heavier debt loads, and a cooling economy, with more people and businesses turning to the courts for relief. I…
Artificial intelligence is transforming work at a speed that rivals the early internet era, but the most important story is not just which jobs are at risk. It is the surge of new, often better paid roles that are emerging around the technology itself. I see a clear pattern: the people who learn to build,…
The White House is weighing whether to widen President Donald Trump’s existing travel restrictions to a larger group of countries, a move that would deepen one of the administration’s most far‑reaching immigration policies. Officials and outside analysts are now focused on how an expanded list could reshape mobility, diplomacy, and daily life for families with…
The latest Republican push to restrict dual nationality is not just an abstract immigration fight, it is a proposal that could reach directly into the Trump family. A new citizenship bill from a MAGA-aligned senator is written broadly enough that it could force First Lady Melania Trump and her son Barron to make a stark…