Money, Wealth & Power—A Daily Look at the Financial World
The Federal Reserve is under rare public fire for how it handles its own balance sheet. Hedge fund manager Scott Bessent argues that the central bank is effectively burning $100 billion a year with no real oversight, and that the public is being kept in the dark about the scale and consequences of those losses….
In the span of a few years, speculative digital coins have quietly reshaped the physical landscape of rural America, turning cheap land and legacy power plants into engines for a $1.2 trillion crypto market. The people living next to those engines, many of them loyal Trump voters, are now discovering that the real cost of…
New Jersey’s new governor has turned her inauguration into an emergency intervention on household energy costs, declaring a formal crisis and ordering regulators to blunt looming rate hikes. The moves are pitched as immediate relief for families staring down higher electric bills and as a reset of how the state buys and produces power in…
Maria Bartiromo’s pointed question to President Donald Trump about the federal government’s stake in Intel captured a deeper anxiety on the American right: when Washington buys into flagship companies, does it quietly rewrite the rules of capitalism. Her challenge, asking whether this is really free market capitalism, crystallized a debate that has been building since…
European equities snapped back sharply after President Donald Trump signaled that threatened tariffs on the continent would not go ahead, tying the shift to a framework for a Greenland deal. The relief rally followed a bruising selloff that had rippled from Wall Street into regional benchmarks as investors tried to price an unprecedented link between…
Elon Musk is trying to pull off a tricky maneuver ahead of Tesla’s next earnings call: keep the dream of a driverless Cybercab alive while quietly telling investors not to expect miracles overnight. The same chief executive who once framed robotaxis as an “epic” profit engine is now talking about “agonizingly slow” early production and…
Elon Musk is moving SpaceX closer to the public markets, lining up four of Wall Street’s most powerful banks to steer what could be one of the largest stock offerings in history. The company is targeting a 2026 debut, setting the stage for a test of investor appetite for a space and satellite business that…
Bitcoin is stuck in a tight trading band, but behind the flat price chart a furious repositioning is under way as whales, platforms and banks all try to lock in their next move. The result is a week where a bitcoin spending spree sits alongside shrinking liquidity and a new race to build bigger, more…
Nvidia’s surge to the center of the artificial intelligence boom has turned graphics processors into the hottest commodity in technology, but the most strategic winner is not another GPU designer. As demand for advanced chips overwhelms global manufacturing capacity, the real leverage is shifting to the companies that can actually build this hardware at scale….
Tariffs usually sound like a distant fight between Washington and foreign capitals, but the current clash over President Donald Trump’s trade agenda and a pending Supreme Court decision could land right in your fuel tank. The longer the legal uncertainty drags on, the more importers, refiners, and shippers have to price in risk, and that…