Trump’s Push for a US Sovereign Wealth Fund Transforms an Agency
Original Report
A government agency traditionally responsible for development lending abroad aims to be more like a sovereign wealth fund, a key goal of President Donald Trump, according to a memo to staff.
Glass House Analysis
This development in the banking sector reflects broader tensions between regulatory pressure and financial industry practices. The banking system serves as the circulatory system of the economy; any disruption ripples through to small businesses, homebuyers, and everyday consumers who depend on credit access.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Bitcoin mining is no longer profitable after crypto's latest downward turn, analyst says
Bitcoin briefly sank below $63,000 on Tuesday, dragging down its miners alongside it.
Google to build data center in Minnesota with new solar, wind power and battery storage
"What Google is doing is ensuring that when we show up, we aren't putting additional costs on other ratepayers," its head of data center energy told CNBC.
Anthropic Shout-Out Makes Thomson Reuters Stock Latest AI Winner
Jittery investors scanning the horizon for winning artificial intelligence bets glommed on to Thomson Reuters Corp. after its legal tools earned kudos from AI juggernaut Anthropic PBC.
Home Depot delivers its best quarter of 2025 — this year should be even better
The company is operating in a part of the retail sector that is under outsized pressure from stubbornly high interest rates. That could soon change.