Money, Wealth & Power—A Daily Look at the Financial World
Economist Peter Schiff issued a stark warning on October 26, 2025, about an imminent dollar crisis amid surging gold prices, predicting that gold could reach at least $20,000 per ounce. This alert highlights escalating concerns over U.S. currency devaluation, driven by recent economic pressures that Schiff argues are accelerating beyond prior forecasts. Schiff’s Dire Prediction…
Top Chinese and U.S. economic officials have crafted a framework for a trade deal that could pause the escalation of tariffs and rare earth export controls. This framework, which also includes provisions for soybeans, is set for review by U.S. President Donald Trump and Chinese President Xi Jinping later this week. USTR Greer confirmed that…
Big Tech companies such as Microsoft, Google, and Amazon are investing heavily in AI data centers, with Microsoft alone allocating $10 billion for new facilities in Virginia and Texas in 2025. This investment surge is occurring despite political gridlock in Washington, D.C., and is already impacting electricity costs for consumers across the United States. As…
Intel’s third-quarter earnings report for 2025, released on October 24, highlighted significant strides in financial performance and strategic initiatives that have influenced its stock performance amid the broader market dynamics, including the U.S. presidential election. The report underscored three main takeaways: enhanced cash flow, progress in its foundry operations, and a surprising hardware announcement. These…
Gold prices have recently experienced a dramatic shift, soaring to unprecedented heights before plummeting rapidly. This volatility has left many investors questioning whether they should adjust their retirement strategies. As of October 24, 2025, the fluctuating value of gold highlights its dual nature as both a safe-haven asset and a speculative commodity. With economic uncertainties…
In 2025, the U.S. economy is experiencing a paradoxical phase where massive investments in artificial intelligence (AI) are driving growth, yet many businesses remain in survival mode. Tech giants have committed $350 billion to AI, a move that is significantly bolstering economic activity and supporting President Trump’s economic agenda. However, this AI boom is also…
President Donald Trump announced plans to refill the U.S. Strategic Petroleum Reserve, a move poised to deliver substantial financial benefits to major oil companies through increased government purchases of crude oil. This initiative marks a significant shift from previous depletions of the reserve under prior administrations, aiming to restore stockpiles amid global energy market fluctuations….
Warren Buffett has made headlines with his largest acquisition in three years, a $9.7 billion investment that underscores his strategic foresight. This bold move centers on a Texas-based company, marking a significant pivot towards assets that promise resilience amid economic uncertainties. As Buffett looks ahead to 2026, his approach to identifying enduring dividend payers emerges…
The United States is grappling with a staggering national debt that has surged to $38 trillion by late 2024. This alarming figure has prompted the Government Accountability Office (GAO) to issue a dire warning about the unsustainable fiscal practices that are now a hallmark of the nation’s financial management. With interest costs now surpassing defense…
Gold prices have experienced a significant drop, plunging over 4% in a single day to fall below $2,300 per ounce for the first time since July 2024. This decline, driven by a surging US dollar and strong economic data, has left investors questioning gold’s role as a safe-haven asset. The sell-off erased gains from earlier…