Money, Wealth & Power—A Daily Look at the Financial World
World Liberty Financial’s quiet march toward a federal bank charter has turned a niche crypto experiment into a live test of how far a sitting president’s business interests can reach into the regulated banking system. The firm’s push to become a trust bank is colliding with unresolved questions about conflicts of interest, regulatory independence, and…
Marijuana is on track to move from the federal government’s most restrictive drug category to a more permissive one, under a sweeping directive from the White House that could reshape everything from medical research to small business balance sheets. President Trump’s new executive order instructs federal agencies to complete the process of shifting cannabis to…
President Donald Trump is trying to rewrite the basic bargain between Washington and the weapons industry, pairing the promise of a much larger Pentagon budget with an ultimatum that contractors will only see that money if they build faster and focus less on shareholders. Instead of quietly tweaking procurement rules, he is using public threats,…
The White House is racing to contain the fallout after President Donald Trump appeared to reveal sensitive jobs data on social media before its official release, reviving long‑running concerns about how he handles market‑moving information. The episode has forced aides to confront a basic question of modern governance: how do you square a president’s instinct…
President Donald Trump is asking Congress to sign off on one of the largest peacetime military spending plans in American history, arguing that the United States must rearm quickly in what he calls “very troubled and dangerous times.” The proposal would lift the Pentagon’s annual budget to $1.5 trillion and reset the political debate over…
The White House has moved from offhand musings to formal planning as President Donald Trump again presses to bring Greenland under United States control, this time explicitly keeping military force on the table. Officials now describe acquiring the vast Arctic island as a national security priority and say the administration is weighing diplomatic, economic, and…
President Donald Trump has opened a new front in his long running clash with corporate America, ordering major defense contractors to stop rewarding shareholders and instead pour cash into factories, workers, and weapons output. The move targets stock buybacks and dividend payouts at the very moment the White House is pushing for a massive expansion…
President Donald Trump is treating Venezuela less like a sovereign country and more like a distressed asset to be restructured for profit. His own language about “taking a tremendous amount of wealth out of the ground” and rebuilding the oil sector in record time sounds closer to a buyout pitch than a foreign policy doctrine….
Venezuelan crude is once again steaming toward U.S. refineries, and President Donald Trump is turning that flow into a centerpiece of his energy agenda. As the administration asserts control over Venezuela’s vast reserves and promises billions of dollars in new investment, Former Energy Secretary Rick Perry is publicly cheering the strategy as proof that Trump’s…
President Donald Trump is betting that U.S. oil producers will pour billions of dollars into Venezuela, tying his energy agenda to the revival of one of the world’s most troubled petro-states. He is pitching the prospect of huge new crude flows and a windfall of barrels for American refineries as a way to ease domestic…