From the editor...

“Perhaps he’ll do an Elvis and have a fatal heart attack on the loo,” a friend muttered this week. Like most investors, she is having trouble getting used to the idea that the US president has become

Issue of the week: currency gyrations The “debasement ...

I’ve never had much luck with metals. In 1981, around a year after the last structural gold bull market peaked, I was given a small krugerrand. Aged seven, having noted that it was not made of chocola

The US dollar has slid to a four-year-low. The dollar index, which tracks the greenback against a basket of major trading partners’ currencies, has dropped 12% since the start of 2025. Sterling now bu

Is Europe’s 80-year-old alliance with America doomed? asks Michael Shear in The New York Times. US president Donald Trump’s threats of 25% tariffs on a slew of European nations, including the UK, for

SEVEN TIMES IN EIGHT DAYS, U.S. PRESIDENT DONALD Trump promised to come to the aid of Iranian protesters if the country’s authoritarian regime began killing them in the streets. When it did—slaying th