Money, Wealth & Power—A Daily Look at the Financial World
Artificial intelligence is moving from experimental tool to everyday infrastructure, and Bill Gates is arguing that the labor market is not ready for how quickly that shift will hit. He is framing the next wave of AI as a turning point that will reorder tasks, careers, and even national competitiveness faster than most policymakers and…
Americans staring down record grocery bills are increasingly pointing the finger at tariffs, not just at abstract “inflation.” A growing body of economic research and a fresh wave of polling now converge on a blunt conclusion: voters see President Donald Trump’s trade policy as a central driver of the highest food prices in decades, and…
President Donald Trump has moved from warning to action, declaring that the airspace above and around Venezuela should be treated as closed to civilian traffic and subject to United States control. The decision, framed as a response to security threats and alleged drug trafficking, instantly raised the stakes in an already volatile standoff between Washington…
The US auto industry spent the past five years racing into electric vehicles, and is now confronting a far colder reality. Demand is growing more slowly than boardroom forecasts, capital costs are rising, and political tailwinds are turning into crosswinds just as factories and supply chains reach full stride. I see a sector that is…
Donald Trump’s aggressive immigration agenda is reshaping who fills American classrooms and job pipelines, and the first beneficiaries are often U.S. students who suddenly face less competition from abroad. As visa rules tighten and foreign enrollment softens, domestic applicants are stepping into seats, scholarships, and internships that once defaulted to international talent. The shift is…
Stubbornly high prices colliding with a suddenly fragile job market have pushed the Federal Reserve into its most uncomfortable spot since the early pandemic. The central bank is being forced to choose between defending its inflation-fighting credibility and cushioning a labor market that is no longer the picture of resilience. Whatever it decides next, the…
Key pillars of the United States economy are starting to look fragile, even as major stock indexes hover near record territory and market volatility remains subdued. Corporate profits, consumer spending and credit quality are all flashing early warning signs that do not square with the calm in equities. The gap between what is happening on…
Ukraine’s latest long-range strike on a Russian refinery has done more than torch steel and concrete. It has crystallized how a campaign once dismissed as symbolic is now biting into Moscow’s export machine and wiping tens of billions of dollars off projected oil revenues. The estimated 37 billion dollar hit to fuel exports is not…
President Donald Trump has escalated his hard line on immigration with a sweeping promise to “permanently pause” migration from what he calls “Third World Countries,” turning a long-running political fight into an existential test of how the United States defines its borders and its values. His vow, delivered in the wake of a deadly shooting…
Americans have spent the past few years watching paychecks stretch less far, but Treasury Secretary Scott Bessent is now arguing that the worst of the affordability crunch is finally giving way to a more forgiving phase. His message is blunt: the combination of cooling inflation, targeted tax changes, and tariff relief should start to show…