Money, Wealth & Power—A Daily Look at the Financial World
More than half of the country now tells pollsters the economy is headed the wrong way, even as key indicators point to steady growth, low unemployment, and solid corporate profits. That split screen is captured in one striking juxtaposition: 53% of Americans say conditions are off track, while the labor statistics chief once fired by…
President Donald Trump has spent the winter declaring that “inflation has been defeated,” casting the economy as a success story in speeches from Detroit to Davos. He has even cited a supposed core inflation rate of just 1.4 percent as proof that prices are under control. Yet the numbers on grocery shelves, power bills and…
President Donald Trump is selling his sweeping tariffs as proof that he has resurrected American industry and engineered an “economic miracle.” The political story is simple: foreign countries pay, factories boom, and households are about to cash in. The economic record that has emerged over his second term is far messier, with higher taxes on…
President Trump’s new 10% tariffs are no longer an abstract policy debate for the world’s biggest online marketplace. They are starting to show up in the totals on checkout screens, and Amazon chief executive Andy Jassy is now publicly acknowledging that the impact is real. After months of insisting the company had largely insulated shoppers,…
President Donald Trump now presides over something closer to a personal investment empire than a traditional blind trust. Recent disclosures show a sprawling mix of bonds, blue chip stocks, crypto and licensing income that has grown rapidly alongside his return to the Oval Office. The core question is no longer whether his portfolio is big,…
California’s experiment with a one time levy on billionaires is being sold as a painless way to plug budget holes and fund progressive priorities, but the politics and economics point to a far riskier bet. If the richest residents leave or their fortunes shrink before Sacramento can collect, the promised windfall could evaporate just as…
Across the farm belt, patience with President Donald Trump’s trade strategy is running out. Producers who once tried to ride out higher costs and lost export markets are now organizing, warning that without swift action from Congress, the damage from tariffs could reshape rural America for a generation. Growers, former industry officials, and local farm…
Ray Dalio is sharpening his warnings again, arguing that the next great conflict will not just be about trade or tariffs but about money itself. He is telling investors that traditional safe havens are looking fragile, that one familiar asset has become a trap, and that a carefully sized allocation to gold is now central…
President Donald Trump’s sweeping tariff regime has quietly created one of the hottest corners of the bond market, as importers rushed to insure themselves against unpredictable trade duties. Now that same boom is staring at a single, binary risk: a Supreme Court ruling that could unwind years of collections and upend how presidents wield emergency…
Wall Street is treating President Trump’s tariff agenda less like a negotiating tactic and more like a live risk factor for the next downturn. Market-based recession odds are converging with formal forecasts, and the pricing of the S&P 500 suggests investors are starting to assign real probability to a policy-induced crash rather than a garden‑variety…