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‘Half the US economy’ wiped out as $15T in wealth vanishes overnight

In a single trading session, a violent repricing in gold, silver and equities vaporised roughly $15 trillion in paper wealth, a figure that commentators quickly likened to “half the US economy.” The shock move exposed how tightly linked supposedly safe havens, speculative trades and central bank politics have become, and how quickly those links can…

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Matthias Oben/Pexels

Trump declares Cuba national emergency and threatens tariffs on its oil lifelines

President Donald Trump has opened a new front in his hard line on Havana, declaring a national emergency over Cuba and threatening tariffs on any country that keeps the island’s oil flowing. The move targets the fuel lifelines that keep Cuba’s lights on and its economy barely functioning, while pulling regional partners into a high‑stakes…

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US producer prices see biggest jump in 5 months as firms shove tariffs onto you

Wholesale inflation is back in the spotlight after the biggest monthly jump in producer prices in five months, a move that signals companies are no longer quietly absorbing higher costs. Instead, firms are increasingly passing tariffs and other input pressures along the supply chain, where they ultimately land in consumer prices. The shift raises the…

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Image Credit: US Embassy Canada - CC BY 2.0/Wiki Commons

Billionaire Jim Pattison defies DHS demand to turn warehouse into ICE site

Canadian billionaire Jim Pattison has halted the sale of a massive Virginia warehouse that the U.S. Department of Homeland Security intended to convert into a new Immigration and Customs Enforcement facility. The reversal, coming after local political pushback and public scrutiny, turns a routine real estate deal into a high-profile test of how far communities…

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Gov Ron DeSantis Portrait

Trump’s promised $2,000 tariff checks, DeSantis dollar alarm and more economic shocks

The economic story of early 2026 is being written as much on social media and campaign stages as in bond markets and grocery aisles. President Donald Trump is promising $2,000 “tariff dividend” checks even as his trade policy raises prices, while Ron DeSantis is warning that a weakening dollar and record silver prices signal deeper…

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