Apple’s $400B Week, EV Buying Frenzy, and Trump Opens 401(k)s to Crypto
In today’s episode, the White House strikes an unprecedented deal to take a 15% cut of Nvidia’s and AMD’s China revenue in exchange for critical export licenses, raising eyebrows about government partnerships in private sales. Apple’s stock rockets 13% in its best week in five years after Tim Cook’s high-profile White House visit, only to slip on Monday amid doubts about sustaining the momentum. EV buyers rush to dealerships as the $7,500 tax credit faces early expiration this September, pulling forward demand for Tesla, GM, and Ford. Bed Bath & Beyond rises from bankruptcy under a new name with a nostalgic coupon comeback, while the fashion world shifts from subtle “quiet luxury” to bold “loud luxury.” President Trump signs an executive order allowing crypto and private equity in 401(k)s, Starbucks lattes get called out for their $2,095-a-year cost, and Netflix explores picking up MLB’s Home Run Derby rights from ESPN in its latest push into live sports.
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