Trump tried to fire Fed Governor Lisa Cook and lost.
Most of Trump’s global tariffs were ruled illegal.
Zuckerberg is trolling his neighbours.
Markets
PAST WEEK | YEAR-SO-FAR | |
---|---|---|
Nasdaq | +0.2% | +11.3% |
S&P500 | +0.1% | +10.1% |
MSCI Emerging Markets | -1.3% | +19.4% |
Bitcoin* | -3.2% | +16.4% |
Ethereum* | -6.4% | +28.5% |
Stock of the week: | +58.0% | +213.1% |
Crypto of the week: | +70.6% | +88.8% |
*Source: CoinGecko.com As of 5:01PM September 1, 2025
World news
Top news stories of the past week
1) You’re Fired: President Trump tried to fire Federal Reserve Governor Lisa Cook, citing unproven accusations of mortgage fraud, but Cook and legal experts argue he doesn’t have the authority—and she hasn’t been charged with anything. Cook is suing to block her removal, setting up a historic legal fight over the Fed’s independence. So it’s basically The Apprentice: Central Bank Edition.

Federal Reserve Governor Lisa Cook. She does not look pleased.
2) Oops, tariffs are illegal: A U.S. appeals court has ruled that most of Donald Trump’s global tariffs were illegal, saying he overstepped presidential authority by using emergency powers meant for “extraordinary threats.” The decision strikes down tariffs on countries including China, Mexico, and Canada, though it won’t take effect until October to allow time for appeal. Trump blasted the ruling on Truth Social, warning it would “literally destroy the United States,” while legal experts framed it as a major check on presidential overreach. The case is now likely headed to the Supreme Court.

This guy loves firing people.
3) You’re also fired: Nestlé fired CEO Laurent Freixe after just one year for having a secret romantic relationship with a subordinate, violating the company’s code of conduct. He was immediately replaced by Philipp Navratil, a longtime Nestlé executive who previously led its Nespresso division. Despite the appointment of Navratil as the new CEO, the company faces challenges in restoring investor confidence amid ongoing leadership transitions. Did they attend a Coldplay concert recently by any chance?

Nestle CEO. Looks like your average neighborhood dad.
Top WEIRD stories of the past week
1) South Africa is fighting rhino poaching by injecting the animals' horns with a harmless radioactive material, making them detectable by radiation monitors at borders and airports. I for one welcome our mutant rhino overlords.
2) Mark Zuckerberg reportedly gifted noise-canceling headphones to his Palo Alto neighbors because of the nonstop construction around his 11(!) homes. Unfortunately one of the down sides of being rich is you have to live in the same neighborhood with other rich people.
3) In an unusual conservation effort, biologists in Idaho are using drones that blare heavy metal music, specifically AC/DC, to scare wolves away from livestock. Rock on brother.
Chart
You like charts? Graphs? Ya you do
US wages haven’t kept up with inflation
Despite strong economic growth and low unemployment, U.S. real wages have lagged behind inflation, leaving Americans slightly worse off than four years ago. Wages have recently begun to outpace prices again, but the recovery of purchasing power remains fragile.

Personal Finance
Financial Booster
Most budgets start with cutting. Cut the lattes. Cut the nights out. Cut the fun.
Cut that crap.
Reverse budgeting starts with building. You decide what matters most: retirement savings, debt payoff, an emergency fund, and put money there first. Whatever is left, you spend freely.
It is simple, but it works.
The Federal Reserve reports the U.S. personal savings rate was just 5.9% in mid-2024. Research from Morningstar shows that when people automate savings first, they save nearly double compared to traditional budgeting.
Here is the flow: your paycheck hits, an automatic transfer sends $750 to your IRA and high-yield savings, then the rest stays in your checking account for bills and spending. No categories. No spreadsheets. No guilt.

Instead of squeezing every dollar into a rigid budget, reverse budgeting guarantees your priorities get funded and gives you freedom with the rest.
Music
Banger of the week
Most important thing
Meme? Nah. Art.
