Money, Wealth & Power—A Daily Look at the Financial World
Wall Street is once again confronting a full‑blown crisis of confidence as the Department of Justice’s criminal probe into the Federal Reserve detonates across trading desks. The renewed “Sell America” stampede is pushing investors out of U.S. assets and into havens, reviving a pattern that many hoped had been buried with earlier bouts of political…
The United States military has quietly locked in a sweeping artificial intelligence partnership with Elon Musk’s startup xAI, positioning the company’s Grok models at the center of a new generation of battlefield and bureaucracy tools. The arrangement, struck with the Pentagon and the revived War Department, folds a private frontier AI system into some of…
President Donald Trump has turned a long-running fascination with Greenland into a central talking point about American security, insisting that controlling the vast Arctic island is essential to defending the United States. Military insiders and allied officials are now pushing back, arguing that the United States already has the access it needs and that trying…
President Donald Trump’s second term is being bankrolled by a new class of political investors, a mix of artificial intelligence executives, tech power brokers and families entangled in serious criminal cases. Their checks are large, their interests are specific and their proximity to federal power raises sharper questions than in his first run. I see…
Mayor Zohran Mamdani entered office promising to treat New York City’s housing market as a public good, not a speculative playground, and his first big legal test has arrived faster than many expected. A federal bankruptcy judge has now refused his administration’s attempt to step into a major portfolio sale of rent-stabilized buildings, handing Mamdani…
The fatal shooting of Renee Nicole Good by an Immigration and Customs Enforcement officer in Minneapolis has collided with a fragile budget process, turning a single operation into a test of how far Congress is willing to go to remake the nation’s immigration enforcement machinery. As the next funding deadline approaches, lawmakers are openly weighing…
Ron DeSantis has turned a dry topic, property tax policy, into a populist rallying cry by branding annual tax bills as “rent to the government” and warning that homeowners are being treated like ATMs. His push to wipe out property taxes on primary residences in Florida is no longer a thought experiment, it is a…
California Governor Gavin Newsom used a rare face-to-face moment with some of the country’s most powerful executives to accuse them of capitulating to President Donald Trump, turning a high-wattage business forum into a public shaming of corporate deference. His blunt language, aimed at CEOs, university presidents, and global elites, framed their outreach to the White…
General Motors chief executive Mary Barra has quietly upended one of the Biden administration’s favorite electric vehicle talking points. After years of public praise from President Joe Biden that cast GM as the company “electrifying the entire automobile industry,” she has now acknowledged in private conversations with the president that Elon Musk and Tesla deserve…
The latest Republican push to restrict dual nationality is not just an abstract immigration fight, it is a proposal that could reach directly into the Trump family. A new citizenship bill from a MAGA-aligned senator is written broadly enough that it could force First Lady Melania Trump and her son Barron to make a stark…