Category: Markets and Macro

Washington is moving from theory to reality on a new levy aimed squarely at its richest residents, and the details suggest it could bite harder than many casual observers realize. Lawmakers in Olympia are advancing a so‑called millionaire tax that would, for the first time, tie state revenue directly to high earners’ personal income and…

President Donald Trump is tying his second-term foreign policy tightly to oil, and nowhere more dramatically than in his push to put Washington at the center of Venezuela’s vast reserves. He has repeatedly suggested that the United States can effectively direct how that crude is sold and who benefits, casting the strategy as a windfall…

Japanese pharmaceutical shares were hit by a sharp selloff after President Donald Trump unveiled a new U.S. discount drug website, TrumpRx.gov, rattling investors who see fresh pressure on global medicine prices. The slump in Tokyo trading reflects how a policy framed as a win for American patients can instantly reprice expectations for overseas drugmakers that…

Illinois is staring down a fiscal crunch that state officials describe as unlike anything they have seen in years, driven by a rapid pullback in federal support under President Donald Trump. The squeeze is not just a matter of accounting, it is reshaping choices on schools, health care, infrastructure and the broader economy as Washington…

The United Nations human rights office is warning that it is running on fumes just as global abuses are mounting, and officials say cuts driven by President Donald Trump have pushed the system into what they bluntly describe as “survival mode.” The United States was long the largest single funder of the United Nations, but…

President Donald Trump is selling his sweeping tariff regime as an “American economic miracle,” crediting higher import taxes with reviving growth, taming inflation, and rescuing U.S. industry. The data now available from government agencies and independent analysts points in a very different direction, showing higher costs for households, pressure on manufacturers, and only modest movement…

Tariffs were sold to voters as a way to punish foreign competitors, but the bill is increasingly landing in American shopping carts and factory budgets. The first wave of price increases has been painful enough, yet the structure of President Trump’s trade war means a second, more entrenched round of inflation is still building in…

Russian President Vladimir Putin is facing the most serious internal warnings about the country’s economic stability since the full‑scale invasion of Ukraine began. Instead of sounding the alarm himself, he is now the recipient of stark briefings from his own financiers and officials, who reportedly caution that a severe crisis could erupt within months if…

Stalled offshore wind projects are no longer an abstract climate debate, they are a looming line item on household power bills. Utility leaders are warning that pausing nearly finished wind farms will force customers to absorb higher costs for backup power, legal fights, and construction delays. The clash between President Donald Trump’s energy regulators and…

Financial markets are sailing into a hotter, harsher world using maps that still assume a relatively stable climate. The models that guide governments, central banks and investors were built for small, smooth shocks, not for cascading disasters and irreversible damage. As climate impacts intensify, a growing group of researchers warns that this blind spot could…