Money, Wealth & Power—A Daily Look at the Financial World
Climate disruption has moved from a distant scenario to a live financial variable, reshaping the risk profile of everything from mortgages to municipal bonds. As physical impacts accelerate and policy responses tighten, the global economy is edging toward climate tipping points that could trigger abrupt losses rather than gradual write-downs. Your savings, pension and portfolio…
The Trump administration is reshaping the rules that govern how cars are built, sold, and financed in the United States, with a clear tilt toward cheaper gasoline vehicles and fewer perks for electric models. Fuel economy standards are being reset, consumer tax credits for electric vehicles have been eliminated, and new tax breaks are being…
Audi spent years edging toward a major bet on American manufacturing, only to see the numbers collapse under the weight of President Donald Trump’s tariff strategy. Internal projections that once justified a new plant turned into red ink as import duties on European cars and parts climbed, adding billions of dollars in expected costs and…
Across the United States, the basic math of everyday life has stopped working for a lot of people. Prices for groceries, rent and utilities have climbed far faster than many household budgets, and the result is a wave of anger from workers who feel they are doing everything right yet still falling behind. The cost…
Investors expecting the European Union to lock in the world’s biggest trade pact have instead been handed another delay, and with it a fresh dose of uncertainty. The bloc’s decision to stall ratification of its agreement with South America’s Mercosur countries has rattled markets that had already priced in a new era of tariff cuts…
President Trump sold his One Big Beautiful Bill Act as the linchpin of a plan to slash red ink through faster growth, not higher taxes. The emerging math points in the opposite direction, with independent analysts warning that the Big Beautiful Bill could add roughly $5.5 trillion to federal deficits and make it harder, not…
Silver’s vertical price spike has turned a once sleepy corner of the commodities market into the most fevered trade of early 2026. Spot prices have vaulted into triple digits, retail coins are changing hands at eye-watering premiums, and the move has been so abrupt that even seasoned metals traders are whispering the word “bubble.” I…
The United States is confronting a corporate reckoning that had been postponed for years. After an era of cheap money and emergency support, bankruptcies are now climbing across sectors, from airlines to construction, and the numbers are starting to rival the aftermath of the Great Recession. I see a convergence of higher rates, expiring debt,…
Canada is racing to redraw its trade map, pushing beyond its traditional reliance on the United States and China just as its energy minister lands in India to reboot a long-dormant relationship. The government is pairing a high-level diplomatic pivot with a concrete offer of oil, gas, and critical minerals, betting that a deeper partnership…
President Donald Trump’s threat to slap sweeping tariffs on Canadian imports is not just another skirmish in a long trade fight. It is a direct shot at the everyday prices Americans pay for cars, appliances, and groceries, with the potential to trigger a fresh burst of inflation just as households are still adjusting to higher…