Trump Sues IRS for $10B, Powell Out, Markets React

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From a massive lawsuit involving the Trump family and IRS, to a Fed leadership announcement, and AI spending finally getting judged on results, today’s stories cut straight to what moving markets.

Today’s Top Stories:

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Trump, Sons and Trump Organization Sue IRS and Treasury for $10 Billion Over Tax Data Leak

A blockbuster lawsuit accusing federal agencies of failing to protect confidential tax data. The $10B figure alone makes this one of the most consequential legal fights involving the federal government in years — with political, legal, and market ripple effects investors shouldn’t ignore.

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Powell Out, Warsh In: What Trump’s Fed Pick Means for Rates and Markets

This is not a cosmetic change. Kevin Warsh’s nomination signals a potential reset in how the Fed approaches inflation, rates, and independence. Markets are already reacting — and rate-sensitive assets are paying attention.

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Gold and Silver Slide After Trump Taps Kevin Warsh as Next Fed Chair

Safe-haven assets took a hit as fears over Fed chaos eased. Gold and silver traders are recalibrating fast — and the move says a lot about how markets are viewing Trump’s growing influence over monetary policy.

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Wall Street Draws a Line on AI Spending: Meta Passes, Microsoft Falters

The AI honeymoon is ending. Investors are no longer rewarding hype — they want proof. Meta showed it. Microsoft didn’t. This split reaction tells you exactly how 2026 tech investing is going to work.

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