For generations, the conventional wisdom has been that hard work, innovation, and career success pave the path to wealth. But in 2025, economic realities suggest a different truth: inheritance is emerging as the defining factor in financial prosperity. Just as in Jane Austen’s time, when marriage
The battle for dominance between the world’s two largest exchange-traded funds (ETFs) has reached a turning point. On February 18th, Vanguard’s VOO—an ETF tracking the S&P 500—became the world’s largest, briefly surpassing SPY, a competing S&P 500 ETF managed by State Street Global
During a recent summit in Paris, J.D. Vance, America’s vice president, expressed a bold vision: that the world’s most powerful artificial intelligence (AI) systems would be built on “American-designed and manufactured chips.” While the aspiration is lofty, it faces a harsh reality. Although the
Ukraine’s government is set to approve a deal with the United States to jointly develop its mineral resources, after a fraught period of negotiations. The deal, expected to be signed by Donald Trump and Volodymyr Zelensky during their meeting in Washington, DC, on February 28, marks a crucial step
One notable absence from the lineup of tech billionaires at Donald Trump’s presidential inauguration on January 20th was Jensen Huang, the CEO of Nvidia. Instead of making a public appearance, Huang opted for a quieter approach, meeting with Trump at the White House just over ten days later. The
One of the biggest concerns about Donald Trump’s economic policies was the possibility that he might pressure the Federal Reserve into cutting interest rates, potentially undermining its independence. So far, that fear has not materialized. Instead, Trump has taken on an even greater challenge:
In 1881, American customs officials intercepted a shipment of sugar, suspecting that its color had been intentionally altered to benefit from lower tariffs. At the time, the duty rate varied based on the sugar’s hue—the darker it was, the lower the tax. Chemical tests confirmed their suspicions,
Elon Musk’s aggressive push to overhaul the federal workforce is facing unexpected pushback—not just from entrenched bureaucrats, but also from political appointees selected by former President Donald Trump.
Beneath the vaulted arches of Istanbul’s Grand Bazaar, beyond the clamor of haggling merchants and bustling crowds, another form of commerce quietly unfolds. In dimly lit corridors, traders slip in and out of back rooms, exchanging bundles of dollars for digital assets. One such trader reveals
After peaking at 11% year-on-year in 2022, inflation across the developed world had been steadily declining—until now. As central banks begin easing interest rates, inflation is once again creeping upward (see Chart 1). Between September and December, inflation rose from 2.1% to 2.5%.