Fed Showdown, Trump’s Earnings Plan, TikTok Deal Nears, and Musk’s $1B Tesla Bet
The Fed faces a crucial week as Governor Lisa Cook retains her seat after a court blocked Trump’s attempt to fire her, while Stephen Miran casts his first vote at today’s meeting. President Trump floated cutting earnings reporting to twice a year, with the SEC signaling openness to the idea. Treasury Secretary Scott Bessent said Trump’s hard line on TikTok forced China to the table, and a potential Oracle role is boosting investor optimism. Auto loan negative equity hit a four-year high as consumers struggle with pandemic-inflated car values, while Amazon is testing GM’s BrightDrop vans to diversify away from Rivian. Oklo shares surged on a U.S.-UK nuclear partnership, Musk bought $1 billion worth of Tesla stock to show confidence in the company, and Ford is leaving its iconic Glass House after 70 years to move into a modern headquarters in Dearborn.
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