Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has moved aggressively to strip federal support from diversity, equity and inclusion programs and climate initiatives that his aides now brand as “woke,” hitting California with some of the steepest losses. From education grants to clean energy projects, hundreds of millions of dollars that once flowed to the nation’s largest blue state…
Apple’s grip on the premium smartphone market has rarely looked stronger, yet its position in global unit rankings is more fragile than the headline numbers suggest. The company has already slipped behind aggressive Chinese rivals in key months and regions, briefly falling to third place worldwide as promotions and low-cost 5G models reshaped demand. I…
The Federal Reserve’s credibility on inflation is no longer an abstract debate inside economics seminars. It is now a political flashpoint, with Treasury Secretary Scott Bessent arguing that the central bank’s missteps have shattered public confidence and could ultimately cost it the independence that has defined modern U.S. monetary policy. His warning goes beyond a…
Gold has stormed back above the psychologically crucial $5,000 mark, restoring a historic rally that only days ago looked badly shaken. After a brutal selloff that briefly knocked prices below that threshold, buyers have returned in force, pushing the metal to fresh records and reigniting a broader precious-metals boom. The move cements gold’s transformation from…
The economist who earned the nickname “Dr. Doom” for flagging the 2008 financial crisis long before it hit is now training his sights on digital assets. Nouriel Roubini is warning that a brutal reckoning for cryptocurrencies is no longer a distant risk but an imminent event that could wipe out vast paper wealth and expose…
Warnings about a 2026 market bust are getting louder, and they are not coming from fringe doomsayers. Hedge fund billionaire Paul Tudor Jones is comparing the current backdrop to the late 1990s, arguing that the setup “feels exactly like 1999” and that the next year could be even more “explosive” than the dot‑com peak. The…
The value of the U.S. dollar is sliding at the very moment Washington is signaling it is comfortable with that decline. A currency that has long been treated as a symbol of American strength is now being nudged lower by the very administration that is supposed to protect its credibility. The shift is deliberate, and…
The safest asset in global finance is suddenly at the center of a geopolitical staring contest. With European investors sitting on roughly $8 trillion of U.S. Treasury debt, the threat that those bonds could be dumped in a political dispute is no longer an abstract academic exercise but a live bargaining chip in a widening…
Mortgage borrowers and home shoppers have spent the past two years riding a roller coaster of rate spikes, bidding wars and sudden freezes in activity. Now, J.P. Morgan is sketching out what it sees as the next decisive turn, with a call that mortgage costs will ease while home price growth effectively hits pause. That…
The U.S. labor market that once powered Donald Trump’s economic narrative is now flashing unmistakable warning signs. Job openings have fallen sharply, layoffs are piling up, and hiring has slowed to a crawl, raising the risk that a softening job market could spill into consumer confidence and growth. The latest data suggest not a brief…