Money, Wealth & Power—A Daily Look at the Financial World
Flames and smoke over the Gulf of Finland have turned Russia’s main Baltic oil gateway into a battlefield, as a wave of 221 drones ripped through air defenses and set critical fuel infrastructure ablaze. The strikes around St. Petersburg and its satellite ports have inflicted losses that Russian officials and independent analysts alike estimate in…
Michael Burry has become shorthand for market skepticism, but his latest alarm is not about a single stock. His new focus is on how deeply American households are tied to equities, and how fragile that wealth could be if sentiment turns. If he is right, the risk stretches far beyond his headline‑grabbing short on Palantir…
The stock market is entering 2026 with a statistical pattern that has appeared only twice in roughly a century and a half, and both prior instances ended badly for overconfident investors. The S&P 500 has delivered a powerful multi‑year surge, valuations are stretched by several historic measures, and a handful of giant technology names are…
Global wealth is ballooning on paper far faster than the real economy is growing, and that gap is quietly transforming who gets rich and who is left behind. Instead of coming from new factories, better infrastructure or higher wages, much of today’s fortune-building is riding on soaring prices for stocks, real estate and other financial…
President Donald Trump’s new 12 billion dollar farm rescue is being sold as a lifeline, but many growers see it as a one year patch on a much deeper wound. With profits already collapsing and bankruptcies climbing, producers warn that the structure of the plan could actually accelerate failures if it props up today’s balance…
Doug Burgum has staked his tenure at the Interior Department on a simple promise: that President Donald Trump is restoring cheap, secure American energy by tearing down barriers to drilling, mining, and power generation. From offshore lease sales to liquefied natural gas exports, the administration is moving quickly to expand supply and rewire federal oversight….
Gasoline is suddenly the rare household staple that is getting cheaper instead of more expensive, yet the political conversation around energy costs sounds more panicked than relieved. With the national average for a gallon of Regular hovering around $2.88, Democrats are still talking as if fuel is spiraling out of control, a disconnect that reveals…
The Federal Reserve has cut interest rates again, trimming borrowing costs even as officials warn there is no easy way to steer the economy to a soft landing. At the same time, a leading economist is sounding the alarm that millions of Americans are already stretched so thin that even a modest downturn could tip…
Millennials are entering midlife in a split-screen economy, where some are finally building real wealth while others are stuck juggling rent, debt, and rising prices. The result is a generation that looks prosperous on paper yet is riven by a widening wage and wealth divide that shapes everything from career choices to family plans. That…
The United States has turned a simmering sanctions campaign against Venezuela into a live maritime confrontation, with the U.S. Coast Guard now tracking a third oil tanker accused of moving sanctioned crude. The pursuit has jolted global oil markets, sharpened tensions with Nicolás Maduro’s government, and pulled in outside powers that see Venezuela’s barrels as…