Money, Wealth & Power—A Daily Look at the Financial World
Federal Reserve Chair Jerome Powell has started talking about inflation in a way that puts President Donald Trump’s trade policy squarely in the frame. In his latest press conference, Powell linked today’s stubborn price pressures to the White House’s sweeping tariffs, even as he insisted the central bank is acting independently. I read his comments…
Bitcoin’s latest slide has ripped through the crypto market, knocking the benchmark token below $80,000 and triggering a wave of forced selling across leveraged bets. The break of that psychological line has intensified an already sharp downturn, with prices briefly lurching toward levels last seen in early 2025 as traders scramble to de‑risk. The move…
Across store shelves and online listings, familiar products are quietly changing shape. Features vanish, materials get cheaper and packages shrink, even as prices hold steady or creep up. Behind many of these tweaks is a strategy known as tariff engineering, a way for companies to redesign goods so they fall into lower tax categories while…
Oracle’s stock has been hammered, dropping 47% from its peak as investors question whether its aggressive artificial intelligence spending and new role in TikTok are worth the risk. The sell-off has turned a former market darling into a battleground name, with some on Wall Street now arguing the pessimism has gone too far. The key…
Tesla is no longer just tweaking its cars, it is rebuilding its entire business around artificial intelligence and humanoid robots, and spending like it intends to own the core technology that will power them. The company is pouring tens of billions of dollars into AI infrastructure, robotics hardware, and a new ecosystem of software that…
Representative Ro Khanna has become one of the most prominent national voices backing California’s proposed wealth tax on billionaires, aligning himself with organized labor even as some of his own Silicon Valley constituents revolt. Rather than brokering a formal deal between billionaires and unions, he is using his platform to pressure both sides in public,…
President Donald Trump’s hard line on immigration is no longer just a political fight in Washington. It is now a boardroom issue for some of the country’s biggest companies, as investors demand to know how aggressive enforcement and new rules are reshaping workforces, supply chains, and reputations. The result is a rare collision between shareholder…
Billionaire investor Mark Cuban is sounding an unusually sharp alarm about the next downturn, arguing that a coming recession could wipe out entire business models rather than just dent earnings. He is not only predicting a broad slowdown, he is singling out four major industries that he believes are structurally fragile and at real risk…
The grand vision of Nvidia pouring $100 billion into OpenAI now looks less like a done deal and more like a mirage receding into the distance. What was framed as a defining bet on the future of artificial intelligence has been hit by internal doubts, shifting market dynamics, and a very public clash of narratives…
The Senate has approved President Trump’s latest spending agreement, a sprawling package that keeps most of the federal government funded even as a brief partial shutdown settles in for the weekend. The deal, reached after days of brinkmanship with House leaders and Senate Democrats, is designed to cap a standoff that had threatened a longer…