Money, Wealth & Power—A Daily Look at the Financial World
America’s factories were supposed to be the big winners of Donald Trump’s second term. Instead, the country’s most politically prized industry is caught between a tariff shock, a currency gamble, and a supply chain experiment that is still very much in progress. The question now is not whether manufacturing is under strain, but whether the…
Scott Bessent has been selling President Donald Trump’s tariff policy as a blue-collar miracle, insisting that construction and factory jobs are surging thanks to higher taxes on imports. Federal labor data tell a very different story, with key sectors either stagnating or shrinking even as the White House talks up a jobs boom. The gap…
Donald Trump entered his second term promising to turn the United States into the undisputed hub of digital assets, recasting crypto as a pillar of national strength rather than a speculative sideshow. At the same time, his family’s business network has moved aggressively into tokens, mining and exchanges, positioning Trump-branded ventures to profit from the…
Copper’s blistering rally has turned a once-sleepy industrial metal into the most polarizing trade on the screen. With prices blasting past $14,000 per metric tonne and topping $6 per pound, the market has forced investors to decide whether this is the start of a structural repricing or a speculative fever that will end in tears….
California’s fiercest tax fight in years now pits a 5 percent levy on billionaires’ wealth against a governor who says the idea “makes no sense,” even as organizers race to collect roughly 900,000 signatures to put it before voters. The clash is not just about one ballot measure, but about whether the state should lean…
Housing policy debates usually hide a hard truth: making homes cheaper for buyers often means making existing owners poorer on paper. President Donald Trump has now put that tension in plain language, warning that a real drop in prices would wipe out housing wealth for millions of Americans. I want to unpack what that admission…
The dollar’s slide to a four year low has exposed what looks less like an accident of markets and more like a deliberate political choice. President Donald Trump has been unusually blunt that he sees a softer currency as a way to juice exports, corporate profits, and stock prices, even as investors warn that the…
Gold has sprinted through Wall Street’s latest targets, leaving even bullish forecasters scrambling to catch up. After a blistering run that pushed prices to fresh records, the metal has already cleared the level Goldman Sachs only just set, while a leading JPMorgan strategist is now sketching out a path toward an eye‑watering $8,500 per ounce….
Norway’s giant oil-backed savings pot has just delivered one of the most eye-catching numbers in global markets: a profit of $247 billion in 2025, powered by a surge in technology and banking stocks. The world’s largest sovereign wealth vehicle, built on decades of petroleum income, turned a year of market volatility into a windfall for…
Utility regulators across the country are staring at an unprecedented wave of requests to raise electric and gas rates, and households are already feeling the hit. Companies are seeking a record $31 billion in higher charges for 2025, triggering bill shock, political backlash, and a scramble for accountability. The scale of the proposed hikes, and…