Money, Wealth & Power—A Daily Look at the Financial World
The next downturn is no longer a distant abstraction. Economic gauges are flashing warning colors, corporate layoff announcements are piling up, and the safety nets that cushioned the last crisis look thinner than before. If the cycle turns hard, it will not just be a story about markets and central banks, it will be about…
Blockchain has moved from buzzword to backbone technology for a growing slice of global finance, and the debate is no longer about whether it matters but how far it will reshape money itself. When I look across banking, payments and capital markets, the pattern is clear: the core features of distributed ledgers are already being…
The Navy’s top civilian leader has put a blunt point on a problem that shipyard workers have been talking about for years: the military cannot match the hourly pay and benefits offered by big-box retailers and logistics giants. When the secretary of the Navy says he is losing skilled labor to Buc-ee’s and Amazon, he…
The Trump administration is no longer just talking about shrinking the federal role in schools, it is actively breaking apart the Department of Education and redistributing its core functions across the government. What began as a political slogan about returning power to states has hardened into a structural reorganization that could permanently alter how the…
President Donald Trump has turned his long-running feud with Federal Reserve Chair Jerome Powell into a fresh test of presidential power, claiming that advisers and lawyers have stopped him from removing the central bank chief. His latest comments sharpen a yearslong pattern of public threats, legal pushback and political theater around the Fed, even as…
President Trump is turning his affordability message into a fast‑food stage show, using McDonald’s as the backdrop for a broader economic sales pitch. By bringing his argument about prices and paychecks into a setting built on value menus and combo deals, he is trying to convince Americans that their wallets are in better shape than…
Jeffrey Gundlach is sounding an alarm that should feel uncomfortably familiar to anyone who remembers the run-up to the Great Recession. Instead of subprime mortgages, he argues, the weak link this time is a private credit boom built on what he calls “garbage lending,” and he is warning that the damage will not stay contained…
Across advanced economies, the people who clock in, pay tax through their payslips and juggle childcare with commutes are increasingly convinced they are underwriting a parallel system for those who neither work nor contribute. The political shorthand is that “working families” are paying for a “benefits class,” but the real story is more complicated: it…
President Donald Trump has turned tariffs from a niche policy tool into the central lever of United States economic strategy, and the shockwaves are now visible in prices, trade flows, and growth forecasts across the world. What began as a targeted effort to pressure rivals has hardened into a broad regime of border taxes that…
Wall Street’s latest earnings season is sending a blunt message: the profit slump that quietly dogged much of corporate America is giving way to a new phase of expansion. After several years in which talk of a “rolling recession” felt abstract to many households, the numbers now point to a private economy that has already…