Money, Wealth & Power—A Daily Look at the Financial World
Donald Trump entered his second term promising to put the United States at the center of a new digital money era, from federal policy shifts to splashy branding around bitcoin. For a while, markets seemed to believe him, with crypto prices surging alongside talk of a government-backed cache of coins and new ways for everyday…
Stellantis has detonated one of the largest balance sheet bombs in recent auto history, taking a $26.5 billion hit tied to its electric vehicle strategy and triggering a collapse in its share price. The stock plunged about 25 percent in a single session as investors digested the scale of the write down, the suspension of…
The U.S. government has quietly crossed a new threshold in its revived bond repurchase program, lifting total buybacks for the week to 6 billion dollars after a fresh 2 billion dollar operation. The move folds into a broader plan to manage a record debt load while trying to keep markets orderly and borrowing costs contained….
More than $30 billion in federal welfare money was supposed to be a backstop for children in deep poverty, not a flexible cushion for state budgets. Yet over three decades, the Temporary Assistance for Needy Families program has drifted from a narrow promise of cash aid into a sprawling pool of money that governors and…
Ray Dalio is sharpening his warnings about a new kind of conflict, one fought not with tanks but with tariffs, sanctions and frozen reserves. In his view, the global system is edging toward a “capital war” in which money itself becomes a weapon, and traditional safe havens are tested in real time. Against that backdrop,…
Treasury Secretary Scott Bessent is betting that a once‑fraught trade relationship has quietly turned into a growth engine. He has argued that China has “lived up to” its commitments under President Donald Trump’s trade deal, particularly on agricultural purchases, and that this stability will help power “very strong economic growth” in 2026. His optimism rests…
President Donald Trump is trying to sell a corporate-style tax concept to people who own a three-bedroom ranch, not a Fortune 500 balance sheet. By pitching depreciation-style write-offs for primary homes alongside a broader package of homeowner incentives, he is arguing that the tax code should treat families more like businesses. The political bet is…
The White House insists it wants a robust U.S. currency, yet the market tape tells a different story. The dollar has slumped to its weakest level in four years, even as officials talk up its importance for national strength and global leadership. The gap between that rhetoric and price action has turned the greenback into…
In 2025, the United States watched a clean energy boom flip into a bust, with companies walking away from roughly $35 billion in projects and tens of thousands of promised jobs. The political shorthand pins that collapse squarely on President Donald Trump. The data tells a more complicated story, but it also makes one thing…
Peter Schiff is once again positioning himself as the market’s fire alarm. The economist who became famous for flagging the 2008 housing bust now argues that the real crisis has yet to arrive, and that the next downturn could be severe enough to make the Great Recession look modest by comparison. At the center of…