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The collapse of two companies tied to the U.S. auto industry is shedding new light on a fast-growing part of the financial ecosystem little known outside Wall Street. Banks are lending vast sums to companies that also provide financial services—but aren’t banks in name or in how they are regulated.
After Tricolor and First Brands’ Collapse, U.S. Banks Face New Scrutiny $1.7 Trillion Worth of Opaque Loans
Loans to non-depository financial institutions like Tricolor now account for some 33% of all commercial and industrial loans originated by large banks.
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barrons.com
#3: Tech spending contributed 2% of GDP in the second quarter of 2025. This falls short of the 2.6% seen during the personal computer boom of the 1980s and the 2.9% seen during the internet bubble of the late 1990s and early 2000s.
5 Reasons the New Tech Bubble Is Only Getting Started
Prior bubbles show the current hype trade should have room to run higher in both price and valuation.
trib.al
barrons.com
OPINION: The TikTok deal represents yet another instance of the Trump administration sidelining national security in favor of trade-positive headlines—and it undermines long-term U.S. credibility on tech-security threats.
TikTok Isn’t Safe from China’s Propaganda After Trump’s New Deal
Trade is taking precedence over security, Justin Sherman writes in a guest commentary.
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barrons.com
A federal judge late Tuesday night temporarily granted Federal Reserve governor Lisa Cook’s bid to block her termination by President Donald Trump, paving the way for the policymaker to participate in the central bank’s policy meeting next week.
Trump v. Cook: Judge Temporarily Blocks President From Firing Fed Governor
A federal judge late Tuesday night temporarily granted Federal Reserve governor Lisa Cook’s bid to block her termination by President Donald Trump as the case moves forward.
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barrons.com
BREAKING: The producer price index for total final demand edged down 0.1% in August, putting the annual rate at 2.6%, the Bureau of Labor Statistics reported on Wednesday morning.
Wholesale Inflation Proved More Muted in August
The producer price index for total final demand edged down 0.1% in August, putting the annual rate at 2.6%.
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barrons.com
Job growth for the year through March was lower than the government had reported, signaling that weakness in employment may have begun as early as the summer of 2024.
U.S. Added 911,000 Fewer Jobs in Year Through March Than Reported Earlier
The latest numbers are more comprehensive than those the Bureau of Labor Statistics reports each month.
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barrons.com
American Eagle stock jumped 25% to $17 in after-hours trading Wednesday, after the apparel retailer reinstated its financial guidance for the fiscal year, giving investors a sunnier outlook than expected.
American Eagle Stock Soars on Upbeat Forecast. Sydney Sweeney’s Ads Are Lifting Sales.
The apparel retailer American Eagle said the fall season was off to a “positive start.”
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barrons.com
President Donald Trump’s push to take control of the Federal Reserve could pose a serious threat to the U.S. and global economy, European Central Bank President Christine Lagarde has warned.
Trump's Pressure on the Fed Poses a 'Very Serious Danger,' ECB President Warns
Trump trying to control the Fed poses a "very serious danger" to the U.S. and world economy, says ECB President Christine Lagarde.
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barrons.com
Federal Reserve governor Lisa Cook sued to block President Donald Trump’s recent move to dismiss her, setting up a potentially precedent-setting legal showdown between the White House and the central bank.
Fed Gov. Cook Launches Legal Challenge Against Trump’s Firing
Federal Reserve governor Lisa Cook sued to block President Donald Trump’s recent move to dismiss her, setting up a potentially precedent-setting legal showdown between the White House and the central ...
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barrons.com
Though the capital spending on artificial intelligence—about 11% of GDP—isn’t as extreme as the tech boom in 1999, the possibility that the hundreds of billions of dollars invested in AI turns out to be a dud is a significant risk for markets.
Why Nvidia Is the Biggest Risk to the Stock Market—Not Tariffs
Louis Gave sees the possibility that the hundreds of billions of dollars invested in artificial intelligence turns out to be a dud as the bigger risk for markets.
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barrons.com
BREAKING: President Donald Trump said Friday that he ordered his team to fire Bureau of Labor Commissioner Erika McEntarfer.
Trump Orders Firing of BLS Chief After Jobs Numbers
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barrons.com
A year ago, one of the Securities and Exchange Commission’s primary targets was the crypto industry.

Now, SEC Chairman Paul Atkins says the agency is going to do everything in its power to make the U.S. the most attractive country to digital-asset firms in the world.
SEC Launches ‘Project Crypto’ to Bolster Digital-Asset Industry in U.S.
A year ago, one of the Securities and Exchange Commission’s primary targets was the cryptocurrency industry.
trib.al
barrons.com
In 2024, about 45% of the vehicles GM sold domestically were imported, mainly from Mexico and South Korea.

Tariff impacts in the latest second quarter amounted to $1.1 billion, according to the company.
GM Stock Falls After It Reports a $1.1 Billion Hit From Tariffs
GM reports a second-quarter operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion.
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barrons.com
President Donald Trump says he is not ruling out the idea of firing Fed Chair Jerome Powell but that he doesn’t have an immediate plan to do so.

The comments came after a Senior White House Official told Barron’s that Trump is likely to fire Powell soon.
Trump Won’t Rule Out Firing Powell, But ‘Highly Unlikely’
President Donald Trump says he is not ruling out the idea of firing Fed Chair Jerome Powell but that he doesn’t have an immediate plan to do so.
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barrons.com
House members voted down a key procedural measure that would have cleared the way for votes on cryptocurrency-related bills—despite President Donald Trump having declared this “Crypto Week."
Trump’s ‘Crypto Week’ Set Back by House Vote
Lawmakers failed to clear the way for votes on cryptocurrency-related bills.
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barrons.com
The paired investments are a clear “conflict of interest” without historical precedent, says Tracy Barba, director of the Lucas Institute for Venture Ethics at Santa Clara University.
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SCOOP: Six venture capital firms are simultaneously invested in sports betting and gambling addiction treatment.

The investment thesis is straightforward: As more people gamble, more will eventually develop a gambling problem and seek help.

Read my latest for @barrons.com here:
Gambling Addiction Draws Investment From Venture Capital Firms
U.S. VC firms have invested $2 billion in gambling businesses since 2018. At least six of the firms are simultaneously betting on problem gambling treatments.
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barrons.com
The first batch of letters the Trump administration sent to trading partners this week set tariff rates and warned that levies would be higher for “transshipped” goods.

But it isn’t clear what would fall into this category—let alone how countries would enforce it.
Trump Targets ‘Transshipments’ in Trade Negotiations. No One Is Sure What It Means.
The U.S. said it would levy a 20% tariff for exports from Vietnam, for example, compared with the 46% tariff proposed on April 2, and a 40% tariff on transshipped goods.
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