Money, Wealth & Power—A Daily Look at the Financial World
President Trump’s January 2026 executive order has unlocked billions of dollars in potential Venezuelan oil development, dramatically expanding U.S. energy companies’ ability to operate in the South American nation beyond the limited Chevron joint venture previously allowed. The sweeping policy shift establishes a new framework where Venezuelan oil revenues flow through U.S. Treasury-controlled accounts, marking…
The days of panicked “sell America” trades appear to be over, replaced by a sophisticated hedging surge that saw global foreign exchange turnover hit $9.5 trillion per day in April 2025. While dollar weakness sparked fears of mass foreign liquidation of U.S. assets, the evidence points to something far more nuanced: international investors are keeping…
Goldman Sachs has issued a stark warning that the explosive growth of AI data centers will drive electricity costs significantly higher for American households, with the investment bank projecting that power demand from these facilities could surge 165% by 2030 compared to 2023 levels. This rapid expansion in energy consumption threatens to trigger what the…
VanEck’s head of digital assets Matthew Sigel delivered a stark warning to cryptocurrency investors during a CNBC appearance: “There is no CEO of Bitcoin, there will be no bailout.” His comments come as Bitcoin experiences significant volatility in early 2026, with a 20% price spike in the first quarter alone, while Treasury Secretary Scott Bessent…
Company filings for 2025 show a changing of the guard in global auto rankings: Chinese giant BYD reported 4,602,436 units of new energy vehicle sales, while Ford’s worldwide wholesales slipped to just under 4.4 million. That gap is enough to lift BYD into the global top six automakers by volume and push Ford out of…
The Dow Jones Industrial Average just smashed through 50,000, capping a 1,207 point surge that ended what traders called the SaaSpocalypse week and extending a run that had already seen the index gain 515 points earlier in Feb. That kind of milestone can tempt anyone to chase hot stocks or cash out entirely. I want…
Russia’s central bank cut its benchmark interest rate by 50 basis points on February 7, 2025, lowering the key rate from 16% to 15.5% and signaling that more easing may follow if inflation behaves as expected. In its guidance, the Bank of Russia said it would assess the need for a further key rate cut…
Michael Burry, the hedge fund manager made famous by “The Big Short,” is now targeting Palantir, the data analytics company that has become a central player in the NHS’s push into AI. His new bearish bet implies as much as 200 billion dollars of downside for a firm that has been pitching itself as indispensable…
A new Democratic report from the Senate Foreign Relations Committee minority says some Trump-era deportations to third countries cost taxpayers up to $1 million per migrant, driven by charter flights and months of overseas detention. The report examines secretive agreements through Jan. 2026 and estimates total third-country removals at likely upward of $40 million, including…
The latest updated GDP figures show a U.S. economy quietly reorganizing itself around data centers and other digital infrastructure, with revised growth now pointing to a bigger role for information-heavy industries. Under the surface of that revision sit three linked shifts: a measurable productivity pickup, a reorientation of business investment, and a looming energy constraint…