Money, Wealth & Power—A Daily Look at the Financial World
Tariffs are often sold as a way to make foreign exporters pay, but new research on President Donald Trump’s trade policy shows the bill is landing almost entirely in American wallets. Instead of foreign companies slashing prices to keep access to the United States, the costs are being passed through to importers, businesses and households…
President Donald Trump is trying to turn the World Economic Forum in Davos into the launchpad for his signature foreign policy project, a new Gaza-focused “Board of Peace,” but a public refusal from Emmanuel Macron has exposed deep resistance among key allies. The clash between Trump’s push for a high-profile signing ceremony and the French…
President Donald Trump has tied a new round of US tariffs to European support for the status of Greenland, putting some of the continent’s biggest export engines back in the firing line. A 10 percent levy on a cluster of allied economies would not hit Europe evenly, instead it would concentrate pain on a handful…
The artificial intelligence buildout is no longer a software story alone. Behind every chatbot, recommendation engine, and factory robot sits a physical network of chips, servers, power lines, and cooling systems that must scale at industrial speed. Over the next five years, I see one part of that stack emerging as the standout beneficiary of…
Amazon is preparing a brick‑and‑mortar swing at Walmart’s home turf, testing a vast physical megastore that fuses its online muscle with a Walmart‑style supercenter footprint. The experiment, centered on a nearly 225,000‑square‑foot site near Chicago, signals that the e‑commerce pioneer now wants to compete head‑on with Walmart’s dominance in groceries, general merchandise, and in‑person shopping….
Micron is sounding an alarm that cuts through the usual semiconductor cycle chatter. The company is telling investors and customers that the surge in artificial intelligence workloads is colliding with physical limits in memory manufacturing, creating a supply squeeze it describes as unlike anything it has seen before. If that assessment holds, the crunch will…
Canada’s decision to reopen its market to Chinese-built electric vehicles is about to hand Tesla a powerful new advantage in North America. By sharply cutting tariffs and creating a sizable import quota, Ottawa is giving the company a low cost supply route into a country where its sales have so far been modest, while also…
Donald Trump has already presided over one multibillion dollar policy debacle, and the warning signs suggest he is preparing to walk the country straight back into it. From tariffs that drag on growth to costly walls and stalled clean energy projects, the pattern is a familiar mix of big price tags, thin results and heavy…
The automaker behind Jeep has turned five years old with little to celebrate in the stock market. Stellantis shares are down about 43% from their debut, a brutal verdict on a sprawling merger that was supposed to create a global powerhouse and instead left investors waiting for a convincing comeback. I see a company now…
California’s latest attempt to tax extreme wealth has triggered a remarkably fast response from the people it targets. Within days of a new “billionaire tax” proposal surfacing, ultra-rich residents began shifting homes, residency and capital toward Florida, turning Miami into the most visible winner of this high-stakes policy gamble. The result is a vivid split-screen:…