Politics Iran's World Cup Team Faces Same-Day U.S. Entry and Exit Mandate Iran's World Cup squad must enter and exit the U.S. on match days, impacting logistics and performance. Key officials denied visas amid diplomatic tensions.
AI US Officials in Talks to Have Government Acquire Shares in AI Giants Senior US officials have held preliminary talks with major AI firms about the federal government acquiring equity stakes, with OpenAI's Sam Altman pushing the idea directly to Trump.
AI Trump Admin in Talks for U.S. Government Stake in OpenAI The Trump administration and OpenAI are in early talks about a possible U.S. government equity stake, potentially seeded by donated shares for a Public Wealth Fund. Tech and chip stocks sold off on the news.
Markets Trump Criticizes Market Reaction to Strong Jobs Report President Trump questions market sell-off following strong May jobs report, emphasizing that economic growth doesn't necessarily lead to inflation.
Markets SEC Officially Kills the $25,000 Pattern Day Trader Rule The SEC has officially eliminated the $25,000 pattern day trader minimum, replacing it with a real-time intraday margin framework. Retail brokers like HOOD and BULL are the most direct beneficiaries.
Politics Trump ballroom donors landed $50B in federal contracts, watchdog says Public Citizen says 14 of 27 known corporate donors to Trump's White House ballroom project have won over $50 billion in new federal contracts in six months, led by Lockheed Martin, Booz Allen, and Palantir.
Geopolitics Rubio Tells Congress: The War in Iran Is Over Secretary of State Marco Rubio told Congress the war in Iran is over, even as strikes continue and the House moved to limit Trump's war powers in Iran.
Markets Kevin O’Leary: Gen Z stays poor by spending $28 on lunch making $70K Kevin O’Leary said Gen Z stays poor because they spend $28 on lunch while earning $70,000. The resurfaced clip has 62M+ views and reignited the spending-vs-wages debate.
Politics Trump Drops $1.8B DOJ 'Anti-Weaponization' Fund After GOP Revolt The Trump administration is scrapping its $1.8B DOJ anti-weaponization fund after a federal court block and a rare bipartisan revolt on Capitol Hill.
Markets DOJ Seizes $1.4 Billion in Stolen COVID-19 Relief Funds The DOJ has seized over $1.4 billion in stolen COVID-19 relief funds and charged more than 3,500 defendants, highlighting the scale of pandemic-related fraud.
Politics NYC Pied-à-Terre Tax Passes: Second Homes Over $1M Hit New York lawmakers passed a pied-à-terre tax on NYC second homes valued at $1M and up, with rates climbing as high as 6.5%. The measure targets non-primary residences and is expected to raise $500M a year.
Politics Trump Admin Weighs Halting International Flight Processing at Sanctuary City Airports DHS Secretary Markwayne Mullin says the Trump administration is drawing up plans to halt international flight processing at sanctuary city airports, drawing alarm from airlines and hotels ahead of the World Cup.
Politics Treasury Preps $250 Bill Featuring Trump's Face, Pending Congress Treasury Secretary Scott Bessent confirmed the department has prepared a $250 bill design featuring Trump's face, awaiting Congress to change the law that bars living persons from US currency.
Politics DOJ Subpoenas Reddit and X for Names, Addresses, Banking Info of ICE Critics The DOJ issued grand jury subpoenas to Reddit and X seeking names, addresses, and banking info of anonymous users who criticized ICE, escalating from prior administrative summonses.
Politics Speaker Mike Johnson Defends Congressional Stock Trading Amid Salary Stagnation House Speaker Mike Johnson defends congressional stock trading, citing stagnant salaries and inflation as justification for lawmakers to supplement their income.
Geopolitics US Has Troops in Place to Attack Cuba, Politico Reports Politico reports the Pentagon has spent months positioning troops, warships, and weapons in the Caribbean for a potential attack on Cuba, with only a final order from Trump still needed.
Geopolitics U.S. Pauses $14B Taiwan Arms Sale to Preserve Iran War Munitions The U.S. has paused a planned $14 billion arms sale to Taiwan to preserve munitions for the Iran war, the Acting Navy Secretary said, putting new focus on defense primes like LMT and RTX.
Real Estate Private Equity Now Owns 1 in 8 US Apartments, PESP Report Finds Private equity firms now own roughly 13% of US apartment units, about 3 million across 11,800 buildings, with half acquired since 2021. Blackstone leads with 230,000+ units.
Macro Trump: U.S. Likely to Pay Back $149 Billion in Tariffs Trump said the U.S. will likely have to refund roughly $149 billion in tariffs after the Supreme Court struck down the IEEPA duties. The refund is on top of an estimated $300 billion in lost annual tariff revenue.
Macro U.S. National Debt Hits $39 Trillion, Adding $5B a Day Since October U.S. national debt has officially crossed $39 trillion, with roughly $5 billion added every day since late October. Interest costs now rival defense and education spending combined.
Politics US Government Drops Tax Claims Against Trump in Settlement The U.S. government has agreed to permanently drop tax claims against President Trump, resolving his lawsuit against the IRS over leaked tax returns.
Politics Government waste, fraud and abuse rose 13% last year despite DOGE Federal waste, fraud and abuse rose roughly 13% last year despite DOGE's pledge to root it out, with $162B in improper payments across 68 programs in FY2024.
Markets DOJ Drops Fraud Charges Against Gautam Adani After Hiring Trump's Lawyer The U.S. Department of Justice is dropping fraud charges against Indian billionaire Gautam Adani after he hired President Trump's personal lawyer and offered a $10 billion U.S. investment.
Politics Border Patrol Chief Resigns Amid Allegations of Soliciting Sex Workers U.S. Border Patrol Chief Michael Banks resigns amid allegations of soliciting sex workers during overseas trips, raising concerns about agency ethics and potential market implications.
Energy Maryland Ratepayers to Eat $1.6B in Data Center Grid Costs Over a Decade Maryland's Office of People's Counsel says homeowners will pay an extra $1.6 billion over 10 years to fund PJM transmission upgrades driven by out-of-state data centers, and has filed a FERC complaint.
