Money, Wealth & Power—A Daily Look at the Financial World
Russia’s flagship crude is now trading at fire-sale levels for Indian buyers, with some cargoes reportedly changing hands for as little as $22 a barrel. The steep discounts expose how sanctions and shipping risks have flipped the balance of power in Moscow’s most important remaining oil market, forcing Russia to accept prices that barely cover…
The labor market that carried the United States through the pandemic recovery is starting to look unfamiliar, and one of its most closely watched warning systems is flashing in a new way. Top economist Claudia Sahm, whose work on recession alarms is widely used in Washington, says the economy has quietly shifted and that the…
Bitcoin’s latest lurch lower has revived the nightmare scenario that a cascade of forced selling could wipe out more than a trillion dollars in paper wealth in a matter of weeks. The fear is not just about price, but about what a violent unwind would do to investor psychology, regulatory plans, and the narrative that…
New York’s newest budget fight has quickly turned into a personal and political clash. Mayor Zohran Mamdani is warning that New York City faces a $12 billion shortfall and demanding higher taxes on the wealthy, while Gov. Kathy Hochul is publicly dismissing his alarm as a manufactured emergency and resisting his “tax the rich” drumbeat….
President Donald Trump has used a new opinion piece in the Wall Street Journal to claim that his sweeping tariffs did not just protect American industry, but “brought America back” from the brink. In the op-ed, he casts his trade policy as the central reason the United States went from what he calls a “DEAD”…
The US money supply has quietly pushed to fresh records, and the scale of that shift is now colliding with stretched stock valuations in a way that is hard for Wall Street to ignore. Measures of M2, the broad gauge that tracks cash, checking, savings, and retail money market balances, are back at all‑time highs…
Karoline Leavitt’s rise from New Hampshire congressional hopeful to White House press secretary has unfolded under a cloud of unresolved campaign debt. Her failed House run did not just end with a loss at the ballot box, it left a six-figure tab that still hangs over her political brand and raises persistent questions about how…
Ray Dalio is arguing that the postwar status quo is breaking down, and that the United States is drifting toward a level of internal conflict that could resemble a civil war. He is not talking about a single shock, but about a long, grinding process in which debt, political polarization, and geopolitical rivalry feed on…
Silver’s spectacular boom has flipped into an equally spectacular bust, with prices crashing about 35% in a single session and erasing trillions in paper wealth. Yet even as the metal’s collapse spilled into tokenized products and crypto exchanges, bitcoin’s own slide has been milder, leaving the flagship cryptocurrency looking almost restrained beside the carnage in…
Electric and gas utilities are racing to raise prices at a scale that would have seemed unthinkable a few years ago, seeking nearly $31 billion in higher charges in a single year. The push is colliding with a wave of public anger as households already stretched by inflation watch their monthly bills jump again. I…