Its vast sovereign wealth fund owns nearly 36 million Tesla shares. Better get out while the getting is good.
financial industry
Posted inMoney, Politics, and Power
Move Fast and Break the Mortgage Market
The chief regulator for Fannie Mae and Freddie Mac is now also the board chair of both companies. What’s the long game here?
Posted inHealth and Social Policy
A Hospital Empire Is Closing Its Doors—but the Stock Is on a Tear
More than a dozen hospitals employing tens of thousands have either shut this year or are on the brink, while two shadowy figures prop up their owners’ stock.
Posted inMoney, Politics, and Power
Some Democrats Endorse Bill Allowing Elon Musk to Create His Own Currency
The GENIUS Act is the first pro-crypto bill Republicans want to rush through this Congress. Thanks to industry money, several Democrats are ignoring the bill’s major problems.
Posted inEconomic Policy
The Trump Depression
Donald Trump is on track to be the first president to deliberately engineer a severe depression.
Posted inEconomic Policy
The Plot to Destroy the CFPB
Declarations in a court case involving the union of the consumer protection agency detail a desire to whittle it down to ‘five men in a room.’
Posted inEconomic Policy
How DOGE Could Spark a Financial Crash
Playing with fragile commercial real estate is like playing with fire.
Posted inEconomic Policy
AI Bubble, Meet Pin
Open-source software from China calls into question why we’re committing trillions to winning the AI race.
Posted inEconomic Policy
Keeping the Fed Independent—to Serve Wall Street
Chair Jerome Powell is battling to keep control of the Federal Reserve. He and Trump agree on weak regulation. On cheap money policy, Trump is winning.
Posted inTAP
The Next Financial Crisis: Insurance
Today on TAP: Increasing damage from fires, hurricanes, and floods will destabilize a lightly regulated industry—and spill over into broader financial markets.
