Argument and analysis with conviction on the debates shaping politics, the economy, technology and public life.
$305 million in quarterly Coinbase stablecoin revenue hangs on a legal loophole the OCC's 376-page February rule is built to close, testing whether six agencies can finalize the yield ban before the July 18 deadline.
Judge Leo Sorokin vacated Trump's $100,000 H-1B fee on June 8, 2026, calling it an unconstitutional tax, only to see an administrative stay revive it four days later. Two federal courts now disagree, and employers are paying to wait.
Proposition 40 asks California voters in November to levy a one time 5% tax on billionaires, and six of them already left before the residency cutoff, taking an estimated $27 billion in projected revenue with them.
America's 938 billionaires, holding $8.2 trillion, sit at the center of a Sanders and Khanna bill that would levy a 5% annual wealth tax to fund $3,000 checks for working families.
Scott Bessent's on air criticism of Boeing's stock buybacks snowballed into a Trump executive order and a bipartisan Warren Hawley bill barring defense contractors from payouts until they deliver.
Salesforce's record $25 billion accelerated repurchase, funded partly by debt while it halved its cash-flow guidance, epitomizes a 2026 market on pace for S&P 500 buybacks $1.2 trillion that reward share-count math over real growth.
Kevin Warsh, sworn in as Fed chair on May 22, 2026, has publicly vowed the central bank's independence will not change, opening a rift with the president who installed him to deliver rate cuts.
Trump canceled his own White House signing of the 21st Century ROAD to Housing Act less than two hours before it was set, demanding Congress first pass an unrelated voter-ID bill his party cannot deliver.
SEIU Local 1000 marched 2,500 workers onto the Capitol's West Steps on July 1, 2026, as Newsom's four-day office mandate hit 108,000 California state employees mid-contract-fight. The order is a policy failure the state is on track to lose.
Reporting from adjacent desks, selected to broaden the view beyond the Opinion section.
Blackstone's sandwich chain heads to the NYSE at a targeted $12 billion valuation, with a prospectus detailing payments to the founder's relatives before public investors arrive.
Sam Altman pitches Trump officials on donating 5% of OpenAI equity to a citizen dividend fund, a move with heavy consequences for the company's eventual IPO.
The EU Court of Justice has rejected Google's last appeal against its 4.1 billion euro Android penalty, cementing a precedent that will shape platform enforcement for years.
