Money, Wealth & Power—A Daily Look at the Financial World
President Trump is selling his tariff shock therapy as nothing less than an economic resurrection, arguing that aggressive duties on imports turned a “dead” America into the world’s hottest investment story. He is pairing that narrative with a pitch to both Wall Street and everyday savers, urging them to “bet big” on the United States…
Robert Kiyosaki has spent years telling followers that the real money is made in crises, not in calm markets. Now his claim that the “best time to get rich” is arriving, backed by a headline-grabbing 15,000% upside call on a trio of assets, is colliding with the reality of a jittery economy and nervous investors….
Michael Saylor’s latest hyper-bullish prediction for Bitcoin has ignited a backlash even by crypto’s fevered standards. After asserting that the token could be worth $10 million “tomorrow” if the world simply agreed with him, the billionaire evangelist is facing pointed questions about his judgment at a moment when his own Bitcoin-heavy company is nursing multibillion-dollar…
The Federal Reserve has quietly become one of the biggest buyers of short term U.S. debt again, scooping up more than $90 billion in Treasury bills since December and reshaping the plumbing of the financial system in the process. That sounds abstract, but it reaches directly into your wallet through mortgage rates, credit card bills,…
Chicago’s latest financial disclosures show a city carrying a $41.1 billion shortfall, a gap so large it effectively detonates the long‑running pension time bomb that has been ticking under City Hall for decades. The hole is not just an abstract balance‑sheet problem, it is the cumulative result of skipped payments, optimistic assumptions and political choices…
Rep. Ayanna Pressley is facing a wave of scrutiny after financial disclosures showed her personal wealth climbing into the multimillion-dollar range during her time in Congress, even as she has built a national brand railing against inequality and housing insecurity. Asked to explain the spike, she brushed off the questions, insisting that she files the…
President Donald Trump is about to inject an unusually large wave of tax refunds into the economy, and the biggest payoff is heading straight toward higher earners. A projected $65 billion surge in refunds is set to land in bank accounts just as markets and households are recalibrating to a new political and economic landscape….
Bitcoin’s latest plunge has turned a once-fashionable corporate tactic into a painful liability. Companies that treated the original cryptocurrency as a balance-sheet trophy are now staring at multibillion-dollar paper losses and a market that no longer assumes prices only move one way. The fallout is rippling from high-profile tech names to niche “crypto-treasury” plays that…
Prime Minister Mark Carney has scrapped Canada’s national electric vehicle sales mandate, a centrepiece of the country’s previous climate strategy, while insisting the auto sector’s long‑term future is still battery powered. In its place, Ottawa is rolling out richer rebates, tougher tailpipe rules and fresh industrial subsidies that shift the focus from quotas on dealers…
Artificial intelligence just triggered one of the fastest wealth swings in recent market memory, erasing roughly $1 trillion from software and services stocks and then luring a wave of retail buyers into the wreckage. The same technology that investors once treated as a universal tailwind is suddenly being priced as an existential threat to parts…