Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump is trying to turn the World Economic Forum in Davos into the launchpad for his signature foreign policy project, a new Gaza-focused “Board of Peace,” but a public refusal from Emmanuel Macron has exposed deep resistance among key allies. The clash between Trump’s push for a high-profile signing ceremony and the French…
President Donald Trump has tied a new round of US tariffs to European support for the status of Greenland, putting some of the continent’s biggest export engines back in the firing line. A 10 percent levy on a cluster of allied economies would not hit Europe evenly, instead it would concentrate pain on a handful…
The artificial intelligence buildout is no longer a software story alone. Behind every chatbot, recommendation engine, and factory robot sits a physical network of chips, servers, power lines, and cooling systems that must scale at industrial speed. Over the next five years, I see one part of that stack emerging as the standout beneficiary of…
Donald Trump has already presided over one multibillion dollar policy debacle, and the warning signs suggest he is preparing to walk the country straight back into it. From tariffs that drag on growth to costly walls and stalled clean energy projects, the pattern is a familiar mix of big price tags, thin results and heavy…
California’s latest attempt to tax extreme wealth has triggered a remarkably fast response from the people it targets. Within days of a new “billionaire tax” proposal surfacing, ultra-rich residents began shifting homes, residency and capital toward Florida, turning Miami into the most visible winner of this high-stakes policy gamble. The result is a vivid split-screen:…
Across the country, millions of low wage workers are starting the year with a bigger paycheck as 19 states implement new minimum wage increases. At the top of the pack, Washington is setting a new bar for hourly pay, underscoring how state level policy has become the main driver of wage floors in the absence…
After a year of hand-wringing over tariffs and shutdown threats, the center of gravity in the economic debate has shifted. Growth expectations for 2026 are now comfortably above 2%, and the more interesting question is not whether the United States will avoid recession, but how long it can sustain an expansion that keeps outrunning its…
Connecticut shoppers are discovering that the smallest coin in their wallets has suddenly become the biggest headache. A national penny shortage, colliding with new federal rules on coin production, has turned routine errands into tense negotiations over nickels and dimes, with some store aisles feeling, as one shopper put it, “like the Wild West.” What…
Donald Trump is selling a story of an economy on the brink of spectacular revival, insisting that growth will surge and inflation is already under control. An economist who publicly challenged that narrative has instead warned that if policy veers further toward political pressure and fiscal excess, a “collapse will follow,” sketching a far darker…
Gold and silver are not just rallying, they are screaming that something is wrong in the global financial system. Renowned gold advocate Peter Schiff argues that the surge in precious metals is a warning of a looming dollar crisis and a broader market shakeout, and he insists that this environment favors hard commodities over Bitcoin….