Money, Wealth & Power—A Daily Look at the Financial World
Kevin Warsh is not yet running the Federal Reserve, but markets are already trading on the possibility that he could quietly reset how money works across the globe. President Trump’s decision to nominate the former central banker to replace Fed Chair Jerome Powell signals a potential break with the past decade and a half of…
Paul Krugman is warning that President Donald Trump’s impulsive trade moves and social media outbursts are not just rattling markets, they are pushing the rest of the world to reorganize its economic life without America. In his telling, what began as a noisy trade war is hardening into a structural split that will leave Americans…
The fight over who controls interest rates is no longer an abstract battle in Washington. It is arriving directly in Americans’ bank statements just as savings yields start to slip and inflation anxiety lingers. With the war for the Federal Reserve’s future intensifying, the return on a basic savings account really does feel as if…
Canada’s new auto pact with South Korea is more than a diplomatic flourish. It is a deliberate attempt to turn the country into a prime landing spot for electric vehicle and battery factories at a moment when global incentives and trade rules are shifting fast. By inviting Korean automakers and battery giants to build on…
America’s factories were supposed to be the big winners of Donald Trump’s second term. Instead, the country’s most politically prized industry is caught between a tariff shock, a currency gamble, and a supply chain experiment that is still very much in progress. The question now is not whether manufacturing is under strain, but whether the…
Americans have never been more tied to the stock market. With roughly 45% of household financial assets now sitting in equities, families are riding a bull run that has lifted wealth on paper while quietly concentrating risk. That exposure is rising just as several key market gauges and policymakers warn that the next chapter may…
Jim Cramer is telling investors that the easy money phase of this bull run is over and that unrealized gains are not a safety net for what could come next. His message is blunt: take profits in the most speculative corners of your portfolio now so you are not forced to sell quality holdings in…
Jeffrey Gundlach has spent years warning that the era of easy money and a relentlessly strong dollar would not last. Now the investor widely known as the “Bond King” is spelling out how he thinks portfolios should be rebuilt for a world of stubborn inflation and a weaker greenback. His message is blunt: treat the…
BlackRock’s latest hit in private credit has become a stress test for an entire corner of global finance that usually prefers to operate out of sight. A sharp markdown at BlackRock TCP Capital and a separate 100% loss on a private loan have jolted investors who had treated this opaque asset class as a relatively…
Across the American West, the winter economy that depends on deep snow and reliable cold is buckling under a season that looks more like late March than midwinter. From Colorado to New England, resort operators and small shop owners describe a brutal crunch in which lifts sit idle, hotel rooms go empty, and the bills…