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Donald Trump can’t simply talk down the price of oil

When the war against Iran started, President Trump could have justifiably felt confident that the price of oil could be controlled from the White House. America, after all, is the biggest oil producer in the world. It has the most refining capacity, and, separately, it has by far the world’s strongest military. And yet, over the last 24 hours it has become alarmingly clear that America has lost its ability to cap the price of an oil barrel. Does big trouble lie ahead for both the President and the global economy? With a single Truth Social post yesterday, President Trump managed to send the prices of both WTI crude oil,

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Cutting Britain’s giant welfare bill would be an act of kindness

Does having money really matter that much? There are those, usually with quite a bit of it, who want us to care less about materialism. But, unequivocally, money really does matter – not because of any status it supposedly brings, but for the freedom it buys: freedom to choose how we live and how we look after others. Considering this, it seems that the deep disillusionment with mainstream politicians in recent years stems from a protracted and ongoing period of stagnant living standards over which they have presided. But the truth is that the average person has not got poorer since the global financial crisis. They have got a little

Are AI stocks about to crash?

Bitcoin has lost almost a quarter of its value. The tech-heavy NASDAQ index on Wall Street has started to fall. And even leaders of the industry, such as the Google CEO Sundar Pichai, have started to warn about valuations getting out of control. We already knew that AI was driving a boom in investment. But this week there are worrying signs the market is about to crack. The only real question is whether that turns into a full scale crash. Bitcoin, as so often, is leading the market rout. More than $1 trillion has been wiped off the value of the crypto market over the last six weeks, with Bitcoin

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