Money, Wealth & Power—A Daily Look at the Financial World
Economist Peter Schiff, who built his reputation on warning about the 2008 housing collapse before it happened, is now arguing that the United States faces a fiscal crisis that could exceed the severity of that downturn. His case rests on a combination of ballooning federal debt, rising interest payments that now rival defense spending, and…
Nvidia has announced Project DIGITS, a compact desk-side system powered by the new GB10 Grace Blackwell Superchip that delivers 1 petaflop of AI performance in FP4 precision and can run models with up to 200 billion parameters. Starting at $3,000 with availability beginning in May, the system represents Nvidia’s most aggressive push yet to bring…
British manufacturers are paying nearly twice as much for electricity as their French competitors, according to a joint report from the Confederation of British Industry and Energy UK that directly blames the cost gap on policies tied to the country’s net zero transition. The findings land as output in the UK’s energy-intensive industries has fallen…
UK food producers are warning that a sharp rise in electricity standing charges from 1 April 2026 could force them to raise prices or cut output, sending costs rippling through supermarket shelves. Thanet Earth, one of Britain’s largest greenhouse growers, estimates the change will add £900,000 to its annual energy bill this year alone, with…
The Supreme Court struck down President Trump’s sweeping tariffs imposed under the International Emergency Economic Powers Act in a 6-3 decision, ruling that the administration exceeded its statutory authority. The case, brought by Learning Resources, Inc. and other importers, reached the high court from the D.C. Circuit on an expedited timeline, and the docket in…
Bitcoin mining company Bitdeer Technologies Group has liquidated its entire Bitcoin treasury, bringing its BTC balance to zero in a move that coincides with a major debt refinancing effort. The company priced an upsized $325.0 million convertible senior notes offering on February 20, 2026, with proceeds earmarked for retiring older debt and general corporate needs….
Billionaire investor Ray Dalio warned that America’s growing debt burden could lead to severe economic and political strain, comparing the fiscal trajectory to “plaque in the arteries” in a Bloomberg TV interview. The remarks, delivered on Leaders with Francine Lacqua, paired the debt alarm with a broader thesis about internal conflict driven by widening wealth…
Gold prices crashed more than $1,000 per ounce from their record highs at the start of 2026, punishing investors who had piled into the metal as an inflation hedge. The sell-off, triggered by shifting Federal Reserve expectations and exchange-level margin hikes, has forced a reckoning over how retail investors hold gold and whether their chosen…
Home Depot and TJX Companies are set to report quarterly earnings that will test two competing forces shaping the retail sector: tariff-driven cost pressures on imported goods and tax-related financial benefits that could lift bottom-line results. The reports arrive as choppy U.S. housing demand and shifting trade policy create an uneven operating environment for retailers…
The Department of Homeland Security reversed its plan to suspend TSA PreCheck during the ongoing government shutdown, backing down after swift backlash from travelers, airlines, and members of Congress. The abrupt U-turn, which came roughly one week into the funding lapse, left Global Entry users without the same relief and raised pointed questions about whether…