Money, Wealth & Power—A Daily Look at the Financial World
The US dollar has dropped about 10% over the past year, a slide that has delighted President Donald Trump and unsettled many investors and consumers. A weaker currency can look like a quick way to boost exports and stock prices, but for households it quietly reshapes everything from grocery bills to retirement plans. I want…
SpaceX is still a private company, yet it is already trying to script its life as a future blue chip. The rocket and satellite group is working on a massive initial public offering that could value it in the trillions of dollars and is simultaneously pushing to qualify for flagship benchmarks like the S&P 500…
Bitcoin’s latest plunge has erased every price gain it notched after Donald Trump’s re-election, turning what had been a euphoric run into a harsh lesson in how quickly crypto momentum can reverse. The token has not only slipped below the levels it traded at around the 2024 vote, it has also shed a large chunk…
Mark Cuban has spent years urging executives to treat artificial intelligence as an existential dividing line, yet his latest move is to pour money into live events instead of the hottest AI startups. That apparent contradiction is exactly what makes his anti‑AI bet so disruptive, because it forces companies, campaigns, and investors to rethink where…
Electric cars were supposed to be the safest bet in motoring, with cheap running costs and generous tax breaks. Instead, the prospect of a pay-per-mile levy has collided with a cooling market, leaving drivers unsure whether to commit to battery power. The result is a sharp loss of momentum just as the United Kingdom needs…
The dollar’s next big move is back in focus after a long run of strength, and investors are looking for clear signals on where it goes from here. Bank of America has been warning clients that the greenback’s trajectory is shifting, and that the easy gains from a strong United States currency may be behind…
The White House is pointing to a 4.3% GDP growth rate as proof that the United States is in the middle of an economic boom and that bigger gains are still to come. For households and investors, the real question is whether that headline number can translate into higher account balances and better financial security…
Bitcoin’s latest plunge has turned a months-long slide into a full-blown rout, as traders rush to exit positions and dump the riskiest corners of the market. The world’s dominant cryptocurrency has swung from record highs to a violent selloff that is now spilling into other tokens and even traditional assets. I see a market that…
Soybean prices have vaulted to their highest level of 2026 after President Trump jolted grain markets with a fresh push for expanded sales to China. Futures spiked in a matter of minutes as traders scrambled to reprice the odds of a new wave of Chinese buying, turning a routine session into a test of how…
Treasury Secretary Scott Bessent has drawn a bright line between the government’s existing bitcoin holdings and the money it collects from taxpayers. In contentious testimony on Capitol Hill, he said he has no authority to deploy tax dollars to buy Bitcoin or to order banks to prop up the market, even as the administration defends…