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The Fed Trump Built Is Signaling Rate Hikes
Kevin Warsh's first meeting ended with half the committee prepared to tighten — the opposite of what Trump wanted.
Read »The Fed Just Threatened a Rate Hike
Warsh's first meeting killed rate-cut hopes — and now half the Fed thinks borrowing costs could go higher.
Fox Is Buying Roku
A $22 billion bet on streaming consolidation — and everyone wants something different from it.
SpaceX Just Went Public at $1.75 Trillion
The biggest IPO ever is live. Bulls and bears can't agree on whether it's a bargain or a trap.
Bitcoin Just Had Its Worst ETF Week Ever
$3.4 billion fled Bitcoin ETFs in a week, the most ever — then the money started trickling back. Was it the Fed, or the end of the hype?
The Microshifting Trend
Work in 45-90 minute blocks, all day, around your life. 65% of workers say yes please.
West Marine Files for Bankruptcy
Largest US boating retailer. $549M in debt against $21.5M in cash. 59 stores closing, and probably more.
China's Solar Panel Glut
1,200 GW of capacity. 650 GW of global demand. $0.10-a-watt prices, well below production cost.
A Public Stake in AI Companies?
Sanders wants 50% of OpenAI, Anthropic, and xAI in a sovereign wealth fund. Trump is independently negotiating an OpenAI equity donation. But corporate taxes already exist...
The New Trump Tariffs
USTR just proposed 10-12.5% tariffs on 60 economies -- including the EU, UK, Japan, and China -- for failing to ban goods made with forced labor.
SpaceX Wants $2 Trillion
SpaceX filed for the biggest IPO ever, up to $2 trillion. A generational buy, sci-fi pricing, or an Elon fiefdom?
The World Cup's Empty Seats
Weeks out, World Cup seats sit unsold at $4,000-plus.
The Strike Samsung Just Dodged
Some 47,000 chip workers were set to walk over AI profits. A last-minute deal stopped it -- but did it settle anything?
Are the Bond Vigilantes Back?
The 30-year Treasury yield hit 5.2%, its highest since 2007. A fiscal reckoning, a normal repricing, or a Fed problem?
San Francisco Real Estate
Record $1.7M prices and an AI boom -- but condo owners are stuck underwater, and the waterfront itself may be sinking.
Let's Buy Spirit
Spirit shut down May 2. A TikTok creator has $337M in non-binding pledges to buy it back.
Trump Gets His Fed Chair
Kevin Warsh confirmed 54-45 in the closest Fed chair vote ever. He says he's not a sock puppet. CPI is 3.8%.
Chili's Is Cooking
Brinker stock 5x'd in three years. Same-store sales rose 21% one quarter, then 8.6% the next. Playbook or fluke?
Save Spirit?
Spirit is close to a $500M bailout and possibly 90% federal ownership. Jet fuel doubled after the Iran war started.
Trump's Refund Portal
There are $175 billion in illegal tariffs owed. The portal opens tomorrow -- for importers only.