President Donald Trump outlines his vision for America’s next economic chapter, highlighting a surge in global investment, the return of manufacturing and sweeping tax cuts aimed at strengthening American households. He also addresses the growing U.S.–China competition in artificial intelligence and cryptocurrency, offering a glimpse into the policies and priorities shaping America’s economic and technological future.

Ray Dalio, founder of Bridgewater Associates and one of the world’s most influential investors, warns that familiar economic warning signs are emerging once again, from an AI bubble to growing pressures on the U.S. economy. Drawing on his “big cycle” framework, Dalio explores what could trigger the next major economic shift, the future of jobs and wealth in an AI-driven world, and why investors may need to rethink where they keep their money.

President Donald Trump used his Georgia address to spotlight what he described as a new wave of investment, manufacturing and economic growth sweeping across the United States. From tax breaks for workers to the newly introduced “Trump Accounts” for American children, the address offered a glimpse into the administration’s push to boost household wealth, attract business investment and strengthen the country’s economic future.

In this interview with Axios, Ray Dalio discusses how global technology and geopolitical competition are shaping the future. He emphasizes that the nation leading in technological innovation will gain significant economic and strategic advantages.

Cathie Wood explains how lower energy costs, easing housing market pressures, and trends in unit labor costs could help bring down inflation and interest rates. She discusses how factors like deflationary export pressure from China, productivity gains from AI and power build‑outs, and recent developments in Venezuela impacting oil prices might influence the broader economy and markets. Wood also touches on the implications for innovation‑focused assets, including the debate around Bitcoin as “digital gold.”

In this conversation, Howard Marks shares his insights on investment strategies, the nature of risk, and the impact of market cycles. He discusses the origin of his company, Oak Tree, and elaborates on the concept of risk, emphasizing that it is subjective and tied to the possibility of undesirable outcomes. Marks also explores the upside of bubbles in technology, the implications of Brexit on the UK economy, and the current state of private credit.