Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has signed a new order that dramatically expands how much low-tariff Argentine beef can enter the United States, effectively quadrupling the quota for cheaper imports. The move is framed by the White House as a way to keep burgers and other beef products affordable at a time of tight domestic supply, but…
Oil markets are entering 2026 with a paradox that should worry drivers as much as drillers: forecasts point to a glut of crude, yet a leading economist is warning that a financial squeeze on Big Oil could still choke future supply and send gasoline prices sharply higher. The tension between today’s comfortable inventories and tomorrow’s…
The United States just watched a wave of clean energy investment evaporate. Companies walked away from more than $34 billion worth of projects, shelving factories, wind farms, solar arrays, and battery plants that were supposed to anchor the next generation of the power system. The result is a sudden reversal in a sector that had…
More than $1 trillion in market value has evaporated from the world’s largest technology companies in a matter of days, as investors abruptly reassess how much artificial intelligence growth they are willing to pay for. At the center of the rout is Amazon, which has seen nearly $240 billion wiped from its valuation after unveiling…
Bitcoin’s latest rout has erased roughly half of its value in a matter of months, turning a once-euphoric rally into a test of conviction for traders and long-term believers alike. The flagship cryptocurrency has slumped toward $60,000, a drawdown that is now being compared with the brutal FTX-era collapse. Even as some analysts argue that…
Commodities are back in the spotlight after a powerful run in gold and silver, but one chief investment officer overseeing about $15 billion is pushing back against the hype. In that CIO’s view, raw materials are not true investments at all, only speculative chips whose value depends on someone else paying more later. I want…
President Donald Trump has spent months talking up the idea of sending every household a “tariff dividend,” a fresh round of $2,000 payments funded by taxes on imports rather than new borrowing. The promise has been simple and memorable, but the path from campaign-style slogan to money in bank accounts has been anything but clear….
Canada has set out its most independent auto strategy in decades, scrapping hard electric vehicle quotas while tightening pollution rules and pouring fresh money into charging and consumer incentives. The package marks a deliberate move away from simply shadowing United States policy and toward a more bespoke plan for a sprawling, export‑driven industry. It is…
The new trade pact between Argentina and the United States does more than trim customs paperwork. It scraps hundreds of tariffs, rewrites regulatory rules and locks the two presidents into a shared economic project that could reshape South America’s second‑largest economy and deepen Washington’s footprint in the region. For President Javier Milei, it is the…
President Donald Trump’s decision to sharply raise tariffs on imports from South Korea has jolted one of Washington’s closest Asian allies and injected fresh uncertainty into global trade. The move, which lifts duties on a wide range of Korean goods to 25%, is reverberating through Seoul’s politics and boardrooms as leaders scramble to limit the…