Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has declared a national emergency over the foreign supply chain feeding America’s electric grid, invoking emergency economic powers to confront what the administration calls a deliberate vulnerability built into imported power equipment. The order, signed August 26, 2026, gives the Secretary of Energy sweeping new authority to block, condition, or unwind foreign-made…
President Donald Trump used a visit to NASA’s Johnson Space Center in Houston on Friday to sign an executive order establishing the nation’s first federal service academy dedicated entirely to space. Standing at the same center where the Artemis II crew was decorated the same afternoon, the president directed the government to begin building a…
Standing in the Oval Office in front of a map of the Great Lakes with the words “Lake America” printed in large red letters over Lake Ontario, President Donald Trump signed an executive order Thursday that strips the lake of the name it has carried for centuries. “This is official, effective immediately,” he told reporters…
President Donald Trump set a hard deadline of Wednesday, August 26, for Federal Reserve Governor Lisa Cook to explain herself or lose her seat on the most powerful economic board in the country. Cook used the day not to plead but to plant her feet. Her attorney delivered a blistering rebuttal to the White House…
President Donald Trump spent the closing hours of Friday night writing a Truth Social post that took apart three of the loudest conservative voices who have turned on him. Tucker Carlson, Thomas Massie, and Marjorie Taylor Greene were named, ranked, and dismissed in a single block of text that ended with the words “THREE LOSERS,…
The Trump administration went over the heads of every judge who has tried to slow construction of the president’s new White House ballroom and asked the Supreme Court to let the cranes keep running. The application reached Chief Justice John Roberts on Thursday, one week after a divided federal appeals court panel ruled that Congress,…
President Donald Trump’s fight to remove Lisa Cook from the Federal Reserve is back on, six weeks after the Supreme Court told him he could not simply throw her out. In late June the justices temporarily blocked Trump’s first attempt to fire the Fed governor, stressing that the central bank should stay free of political…
On August 12, President Donald Trump signed a national security memorandum that does something no American president had been willing to do before: it authorizes vetted private companies to go on offense in cyberspace, breaking into and disrupting the foreign criminal networks that have spent years draining Americans’ bank accounts. For decades, “hacking back” was…
Karoline Leavitt, the fast-talking conservative who turned the White House briefing room into a nightly brawl with the national press corps, is walking away from the most visible communications job in American politics. President Donald Trump announced on Wednesday that Leavitt will leave her post as White House press secretary at the end of August,…
President Donald Trump walked into the Oval Office on Monday afternoon, sat down beside Health Secretary Robert F. Kennedy Jr., and signed an executive order that takes a hard blade to the list of vaccines the federal government tells parents their children must have. The order strips the roster of shots recommended for every American…
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