Money, Wealth & Power—A Daily Look at the Financial World
Donald Trump’s family quietly agreed to sell nearly half of its flagship crypto venture to a powerful royal from the United Arab Emirates in a deal valued at $500 million, according to recent investigative reporting. The transaction handed a foreign intelligence heavyweight a major foothold in a business closely associated with the sitting president, while…
President Donald Trump has opened a new front in his long running battle over his finances, filing a lawsuit that seeks at least 10 billion dollars from the Internal Revenue Service and the Treasury Department. The complaint accuses federal officials of failing to protect his confidential tax information and allowing it to leak to news…
President Donald Trump’s new $10 billion lawsuit against the Internal Revenue Service and the Treasury Department is framed as a historic bid to hold Washington accountable for a massive breach of taxpayer privacy. The case centers on a former IRS contractor who admitted leaking Trump’s tax information, along with data from some of the wealthiest…
President Donald Trump’s hard line on immigration is no longer just a political fight in Washington. It is now a boardroom issue for some of the country’s biggest companies, as investors demand to know how aggressive enforcement and new rules are reshaping workforces, supply chains, and reputations. The result is a rare collision between shareholder…
President Donald Trump’s administration has moved to cancel a $1.8 billion federal loan guarantee for Arizona’s largest electric utility, abruptly halting a signature Biden-era clean energy investment in the Southwest. The decision strips Arizona Public Service of low-cost federal financing that was expected to accelerate new renewable generation and large-scale energy storage across the state….
President Donald Trump has opened a new front in his long running war with the federal bureaucracy, filing a $10 billion lawsuit that accuses the Internal Revenue Service and the Treasury Department of presiding over one of the most damaging breaches of taxpayer confidentiality in modern history. The complaint, brought alongside his two eldest sons…
Kevin Warsh is not yet running the Federal Reserve, but markets are already trading on the possibility that he could quietly reset how money works across the globe. President Trump’s decision to nominate the former central banker to replace Fed Chair Jerome Powell signals a potential break with the past decade and a half of…
President Donald Trump has opened a new front in his long war with the tax authorities, filing a $10 billion lawsuit that accuses the federal government of failing at the most basic promise of the tax system: keeping personal returns secret. The complaint, lodged in Miami federal court, targets the Internal Revenue Service and the…
Neil Young has turned a long simmering political stance into a direct confrontation with some of the world’s biggest tech and telecom brands, accusing them of bankrolling President Donald Trump and what he calls “The Regime.” His latest moves target Apple and Verizon, but they sit inside a broader campaign to pull his money, his…
The Trump administration is reshaping the rules that govern how cars are built, sold, and financed in the United States, with a clear tilt toward cheaper gasoline vehicles and fewer perks for electric models. Fuel economy standards are being reset, consumer tax credits for electric vehicles have been eliminated, and new tax breaks are being…