Money, Wealth & Power—A Daily Look at the Financial World
President Trump has endorsed a bipartisan Senate deal to end the ongoing government shutdown, which reached its 40th day on November 9, 2025. This move paves the way for the chamber to pass the funding bill early on November 11, 2025, with eight Democrats breaking party lines to join Republicans in approval. The legislation now…
Bill Gates, the co-founder of Microsoft, has taken a firm stance against President Donald Trump’s interpretation of his recent climate memo, describing it as a “gigantic misreading.” Gates’ memo, which called for a shift in the global climate debate towards practical innovations, was met with criticism from Trump, who claimed that Gates had admitted to…
Several U.S. states, including Connecticut and Oregon, have filed lawsuits against the Trump administration, challenging a new rule that restricts eligibility for the Public Service Loan Forgiveness (PSLF) program. This rule excludes certain employers from qualifying as public service roles. New York Attorney General Letitia James has also joined the legal action by suing the…
President Trump has unveiled a lavish remodel of the Lincoln Bathroom in the White House, showcasing a marble redesign that he described as “very appropriate.” This reveal comes amid a government shutdown that has now stretched into its first month, highlighting the contrast between ongoing federal disruptions and the completion of non-essential projects. The timing…
A federal judge in the United States has extended an order preventing the Trump administration from firing federal employees during the ongoing government shutdown. This decision marks a significant setback for President Trump’s efforts to implement mass layoffs. Unions have celebrated the ruling as a “big win” for protecting federal staff amid the crisis. This…
Treasury Secretary Scott Bessent has officially named the five finalists to replace Jerome Powell as the Federal Reserve chair, marking a significant step in the Trump administration’s selection process. President Trump has indicated that a decision will be made before the end of the year, with Bessent planning to present the finalists to him after…
The White House has unveiled a list of private donors funding President Trump’s ambitious ballroom project, which involves the demolition of the East Wing to make way for the new construction. The project, with costs estimated between $250 million and $300 million, has attracted significant contributions from major corporations, including tech giants like Google, Apple,…
President-elect Donald Trump’s announcement to pardon Binance founder Changpeng “CZ” Zhao marks a pivotal moment for the cryptocurrency landscape in the United States. Zhao, who recently completed a four-month prison sentence for violating U.S. anti-money laundering laws, could significantly influence the direction of crypto regulation as he resumes his activities from the United Arab Emirates….
President Donald Trump and his MAGA supporters have increasingly embraced AI-generated deepfake videos, blending satire, parody, and misinformation to amplify political messaging. This trend, highlighted in recent reporting, illustrates a shift where such content deliberately blurs the lines between factual reporting and fictional narratives, especially as elections approach. With AI tools becoming more accessible, their…
Eric Trump, speaking at BTC Asia 2025, confidently stated that “there is no question” Bitcoin will reach a valuation of $1 million, emphasizing China’s critical role in the development of cryptocurrency. His bold prediction has sparked widespread discussion across financial and crypto communities. Cointelegraph and Economy Middle East have both reported on his remarks, highlighting…