Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump’s latest tariff moves are starting to ripple through store shelves, and the federal government’s tariff haul has reportedly plunged by about $3 billion as a result. With Tariff Revenue falling from earlier peaks and new refund promises tied to those duties, several everyday products are poised to get cheaper even as households…
Tech leaders are selling a vision in which artificial intelligence delivers limitless prosperity, shorter workweeks, and a world where creative pursuits replace drudgery. On the ground, many workers are instead watching their bargaining power erode as software quietly absorbs tasks that once justified middle class salaries. The gap between those two realities is becoming the…
Cuba’s leadership turned subsidized Venezuelan crude into a lifeline of hard currency, even as ordinary families endured rolling blackouts, food shortages and failing infrastructure. The gap between the government’s oil trade and the reality in darkened neighborhoods now sits at the center of a regional crisis that stretches from Havana to Caracas, Mexico City and…
Michael Saylor built his reputation, and Strategy’s market identity, on the idea that Bitcoin is a once‑in‑a‑generation monetary asset worth betting the corporate balance sheet on. After the latest pullback, that bet is temporarily in the red, with the company’s massive stack now sitting below its aggregate purchase price. Yet the structure of Strategy’s financing,…
Public anxiety about artificial intelligence is no longer a niche concern, it is a political and social force that the biggest tech platforms can feel at their gates. When a leading AI founder warns that ignoring that anger will eventually bring a mob to your doorstep, he is not speaking in metaphors so much as…
Donald Trump’s family quietly agreed to sell nearly half of its flagship crypto venture to a powerful royal from the United Arab Emirates in a deal valued at $500 million, according to recent investigative reporting. The transaction handed a foreign intelligence heavyweight a major foothold in a business closely associated with the sitting president, while…
Jimmy Donaldson built his MrBeast persona on giving money away in ever more spectacular fashion. Now the world’s biggest YouTube star is trying to turn that spectacle into a financial education brand and a full‑blown money business, raising fresh questions about what happens when the teacher is also selling the products. As he lines up…
The United Nations is warning that its core operations are now at risk because member states have failed to pay what they owe. The secretary-general has described the situation as an “imminent financial collapse,” a phrase that would have sounded like hyperbole a few years ago but now reflects a cash crunch measured in the…
Crypto’s wealthiest investors are escalating their fight with California’s labor movement, bankrolling a $40 million political machine designed to block a new wealth tax and weaken the unions that helped write it. The campaign, framed as a defense of innovation and economic growth, is also a test of whether a small group of digital-asset tycoons…
The next chair of the Federal Reserve will walk into an office framed by portraits of predecessors who fought inflation, stabilized markets, and navigated wars. None of them had to manage a $31 trillion national debt while inflation memories were still fresh and political pressure this intense. Kevin Warsh is poised to confront a fiscal…