Money, Wealth & Power—A Daily Look at the Financial World
The clash between Prime Minister Mark Carney and President Donald Trump has escalated from a war of words at Davos into a full‑blown diplomatic feud. At its center is Carney’s blunt retort that “Canada doesn’t live because of the US,” a line that crystallizes a deeper argument over sovereignty, economic power and the future of…
Deputy Attorney General Todd Blanche is facing a formal ethics complaint that cuts to the heart of how the Department of Justice polices the fast‑moving world of cryptocurrency. At issue is whether the official overseeing key financial crime cases could fairly regulate an industry in which he personally held a significant stake while also serving…
Investors have been trained to treat every pullback in the S&P 500 as a bargain, but the next leg down could be less of a sale and more of a trap. If the index slides toward a key valuation floor, the usual playbook of rushing in with fresh cash may collide with earnings risk, recession…
Wall Street’s latest bout of nerves did not begin with President Trump’s diplomatic fireworks or his surprise moves on Greenland. The groundwork for a more pessimistic view of U.S. equities was already in place, built on stretched valuations, fragile credit markets and a long expansion that looked increasingly tired. When foreign investors started to question…
As Washington turns inward and quarrels with some of its closest partners, Beijing is moving quickly to present itself as a steadier alternative. From trade deals to Arctic diplomacy, China is testing how far it can stretch the loyalties of frustrated U.S. allies without triggering outright rupture with the United States. The result is a…
President Donald Trump’s team is reshaping the federal bureaucracy that has been most focused on China’s technological rise, pushing out officials who built some of Washington’s toughest safeguards against Beijing-linked hardware and data flows. The removals are landing just as the administration signals a broader shift away from treating China as the central national security…
In the thin air of the Swiss Alps, the argument over artificial intelligence has shifted from hype to headcount. At Davos this year, the world’s most powerful executives openly wrestled with how many jobs they are prepared to automate away, and how quickly. The clash is no longer about whether AI will reshape work, but…
Commerce Secretary Howard Lutnick has turned the polite language of Davos on its head, declaring that globalization has failed and that the United States of America must put its own workers and factories first. He is pairing that rhetoric with a sweeping prediction that the United States of America is on the verge of a…
As prices climb and household budgets strain, President Donald Trump has offered a blunt prescription to American families: simply go without. In recent remarks, the billionaire president suggested parents should buy fewer toys and that Americans “can give up certain products” if tariffs and inflation make everyday items more expensive. The comments land in a…
The United States government just watched billions in paper gains on Intel evaporate in a single trading session, yet its controversial rescue stake in the chipmaker is still comfortably profitable. A brutal selloff in Intel shares wiped out roughly $2.6 billion in value for taxpayers in one day, but the position remains deeply in the…