Money, Wealth & Power—A Daily Look at the Financial World
Financial markets are no longer just gaming out the next move from the Federal Reserve, they are gaming out the next move from Federal Reserve Governor Stephen Miran. As President Donald Trump’s newest pick settles into his role, his push for faster and deeper rate cuts is turning him into a potential swing voice on…
Elon Musk once framed a new federal cost-cutting office as a “chainsaw for bureaucracy,” a swaggering promise that the project known as DOGE would rip through red tape and shrink Washington. Less than a year later, that chainsaw has effectively disappeared, leaving behind a tangle of unanswered questions about what it actually cut and why…
Donald Trump has promised a new wave of factory jobs and energy projects, casting his second term as the start of a fresh industrial boom. Yet some of his own moves, especially on trade and immigration, are already colliding with the practical needs of manufacturers, energy developers, and the communities that host them. The result…
Elon Musk promised that DOGE would be the Silicon Valley style fix for Washington bloat, a skunkworks inside the federal government that could slash costs with the same ferocity he brought to his companies. Instead, the project has become a case study in how not to run a reform campaign, with a former Republican strategist…
President Donald Trump is leaning directly into Hollywood’s business, pressing Paramount to revive the kind of hard-edged, crowd-pleasing action comedies that dominated multiplexes in the late 1980s and 1990s. At the center of that push is a reported demand to fast-track a new Rush Hour sequel and restore what he sees as a tougher, less…
Legal veterans and democracy watchdogs are sounding alarms that the Justice Department could be twisted into a cash machine for President Donald Trump and his allies, with taxpayer-funded settlements replacing the traditional firewall between law enforcement and political power. The concern is not only about individual payouts, but about whether the country’s premier law enforcement…
The latest clash inside the West Wing is not about policy or personnel, but about paint, paneling and power. President Donald Trump’s push for a sweeping Oval Office makeover has run into firm resistance from his own team, turning what might have been a routine refurbishment into a revealing test of how far aides are…
President Donald Trump is still a billionaire many times over, but his latest financial disclosure shows a sharp reversal from the highs he enjoyed over the past year. After a surge that made him significantly richer since 2024, his estimated fortune has now fallen by $1.1 billion, a swing that underscores just how volatile his…
President Donald Trump has signaled that he is prepared to sign legislation that would force the public release of federal records related to Jeffrey Epstein, turning a long-simmering transparency fight into an immediate test of how far Washington is willing to go in exposing a notorious sex-trafficking case. His comments have raised expectations among victims’…
Two rulings handed down within hours have sharply constrained President Donald Trump’s immigration agenda, underscoring how the courts continue to shape the boundaries of executive power. In one case, a federal judge blocked the administration from ending protections for Syrians living legally in the United States, while in another, an appeals panel rebuked efforts to…