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You can now Venmo your kid’s college tuition. But should you?23:30 Some universities will begin accepting the nontraditional payment method as consumers seek flexible spending options. Tesla’s stock jumps as the company gets cleared for a Las Vegas robotaxi launch22:58 The automaker plans to soon launch its Cybercab in Austin, Texas, and got the nod to deploy thousands of vehicles in Nevada. Here’s how Bessent’s newly activist Treasury Department is undercutting the Fed’s Warsh22:26 The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said. Former JPMorgan exec takes on Social Security advisory role21:23 Matt Zames will take on an unpaid adviser position at the Social Security Administration, according to reports. Trump, Vance and Bessent try to calm the bond market with ‘alternative facts’20:51 Maybe this stuff works on TV or on the stump. But it doesn’t work on Wall Street, where people can count. |
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