on the money

How Wall Street’s exuberance — despite Trump’s tariffs — masks major warning signs

The recent maybe irrational exuberance comes even as Trump keeps throwing fuel on the tariff fire.

Why TikTok will likely get another lifeline as sell-or-ban deadline looms

There might not be that much pushback as there was in the past.

Stalled ‘beautiful’ bill drains nation’s rainy-day fund — and things could soon turn ugly for US households   

Until Congress crafts a budget and amends that annoying law known as the debt ceiling, Treasury Secretary Scott Bessent has been tapping something known as the Treasury General Account. 

Trump poised to extend TikTok ban deadline – for third time – as US, China meet for trade talks: source

A Wall Street banker involved in the deal to sell the app to US investors said Trump could be persuaded to let TikTok "go dark" and disappear from app stores...

Trump legal team, Paramount mull proposal to break quagmire over $20B lawsuit: sources

The PSAs would involve Paramount's CBS news subsidiary -- the defendant in Trump’s controversial $20 billion lawsuit -- running what would be paid ads across its platforms that address issues such...

Jamie Dimon’s ‘inner Hamlet’ wrestles with retirement at JPMorgan

The case that he should step away later rather than sooner is equally strong, and it’s one Dimon also acknowledges.

Target CEO blames lousy earnings on anti-woke ‘headwinds’ — and Wall Street is chuckling

Under Cornell, Target went all in on DEI, most infamously in its Pride celebrations, a corporate marketing and sales effort that targeted the LBGTQ+ community.

Why Wall Street fat cats are sweating Trump’s war on ‘woke’ colleges

"Our fund may be doomed," said one hedge fund manager who works with university endowments.

Shari Redstone in ‘tough spot’ as Paramount board fears settling with Trump will open Pandora’s box on bribery lawsuits: sources

The Paramount payment could be seen as a bribe to curry favor with the Trump administration and facilitate the Skydance deal.

Ugly battle between CBS and affiliates adds another wrinkle to Paramount deal

The obstacles impeding Paramount’s $8 billion sale to Skydance keep piling up, and much of it involves CBS, the so-called Tiffany Network, and whether it has shed its rep for...

How Goldman Sachs CEO David Solomon got his groove back

DJ Sol appears to be riding high, after he gave up spinning the turntables in public – with barely a dissenting voice leaking out of Goldman’s  headquarters in lower Manhattan.

How the stable coin ACT squeaked through – despite Trump’s impotent ‘crypto council’

GOP Sen. Bill Hagerty has emerged as crypto's most effective, and much-needed spokesman on Capitol Hill.

Retailers won’t swallow Trump’s ‘eat the tariffs’ demand for much longer before hiking prices

These are public companies that have a fiduciary responsibility to shareholders, and if they can't pass along costs they will begin layoffs.

How JPMorgan, Bank of America are cashing in on China Inc. — despite pressure from US lawmakers

The banks are planning to remain on the underwriting team, setting up a nasty confrontation with the committee as CATL begins to sell stock to the public. 

Trump’s ‘crypto council’ has ‘no juice’ as it stumbles out of the gate on key Capitol Hill vote: sources

Without passage of a stablecoin bill, industry insiders say it will be next to impossible to push through a broader overhaul of the digital coin regulation that is also being...

Ellisons will go on buying spree – should Paramount-Skydance deal ever get green light

Put simply, Paramount is too small to compete with industry giants like Comcast and Warner Bros. Discovery.

Michael Milken summit rival has unique ties to famed 'Junk Bond King'

The son of Milken's partner in building Drexel into a powerhouse investment bank has been quietly making a name for himself in the burgeoning crypto business.

Paramount, Skydance must scrap DEI to pass FCC’s ‘public interest’ litmus test: sources

Getting rid of so-called DEI will be a prerequisite for any media deal that needs FCC approval, sources tell On The Money.

There’s a new Wall Street sheriff in town — and here’s what Paul Atkins plans to do

He understands the limits and priorities of the office. So don’t expect any wild goose chases during the Atkins years.

Why Larry Fink’s devilishly complicated Panama Canal deal may finally come good

The BlackRock boss is betting the trade war with China might not matter all that much.