Money, Wealth & Power—A Daily Look at the Financial World
The Senate Homeland Security and Governmental Affairs Committee spent Thursday morning doing something the Senate does only a handful of times in a generation. It voted to hold a former federal official in criminal contempt of Congress. Then its chairman announced he was not going to bother asking the rest of the Senate whether it…
ExxonMobil is pressing the U.S. Supreme Court to force Cuban state entities to pay more than $1 billion in compensation for oil and gas assets seized during the Cuban Revolution, a claim rooted in a 1960 confiscation that has gone unresolved for over six decades. The case, which reached oral argument on February 23, 2026,…
The Supreme Court is preparing to decide whether President Trump can use emergency powers to impose sweeping tariffs on imports from China, Mexico, and dozens of other countries, and the outcome could trigger one of the most disruptive market events in years. The case, Learning Resources, Inc. v. Trump (No. 24-1287), challenges the legal foundation…
Billions of dollars that Congress already approved are no longer sitting safely under President Donald Trump’s thumb. After months of legal challenges, judges and state attorneys general have begun to pry open what had looked like a locked vault of frozen grants, education aid, and infrastructure money. The emerging pattern is not just a series…
In Washington, a short-term rental dispute that spiraled into a 13‑month standoff has ended with a blunt message from the bench: not every long‑term occupant is a tenant. A D.C. judge has ruled that an Airbnb guest who refused to leave had “no legal tenancy,” clearing the way for immediate eviction and energizing a national…
Wall Street is quietly wagering that the Supreme Court will clip President Donald Trump’s tariff powers, ease a major source of uncertainty, and leave the real economy to prove it can grow without emergency trade protection. The bets are visible in prediction markets, sector positioning, and research notes that treat a rollback of Trump’s signature…
A half million dollar stock move by a sitting member of Congress would raise eyebrows in any sector. When that trade involves a dominant health insurer at the center of federal policy fights over medical costs, it starts to look like a case study in why public trust in Washington’s money habits is so fragile….
House and federal investigators are now examining how Rep. Ilhan Omar went from reporting no assets to being linked to an estimated $30 million in family wealth, a trajectory some critics have flatly labeled “not possible” under normal circumstances. At the center of the storm are opaque business interests tied to her husband, questions about…
The Supreme Court has signaled deep unease with President Donald Trump’s attempt to oust Federal Reserve governor Lisa Cook midterm, a move that would give the White House sweeping leverage over interest rate policy. During arguments, justices across the ideological spectrum pressed Trump’s lawyers on whether the Constitution really allows a president to fire a…
A luxury duplex on the Geist Reservoir in Indiana was supposed to be a showcase of waterfront living. Instead, it is now the subject of a court order that says the nearly $2.2 million structure must be torn down because the developer ignored homeowners association rules. The case has become a vivid example of what…