Trump, Epstein & the Markets | Powell Defends Spending | Musk’s XAI Moves

Benzinga brings you the latest headlines at the intersection of politics, tech, and finance: Donald Trump calls for the unsealing of grand jury transcripts related to Jeffrey Epstein—just as a bizarre letter tied to Trump resurfaces. The Justice Department’s recent firing of Epstein prosecutor Maureen Comey has raised even more questions, while new polls show declining public trust in Trump’s handling of the case. Jerome Powell responds to criticism over the Federal Reserve's billion-dollar HQ renovation, as pressure mounts from Trump’s allies. Meanwhile, Elon Musk’s Neuralink raises eyebrows with a “disadvantaged business” filing ahead of a $650M raise, and Musk’s XAI division launches a wastewater-cooled supercomputer amid federal AI contracts. Congress passes the bipartisan CLA-RITY Act, offering long-awaited clarity on crypto regulation in the U.S., and Tesla readies a six-seat Model Y to revive slumping China sales. In tech headlines, Meta settles a major class-action lawsuit tied to the Cambridge Analytica scandal, facing over $8 billion in damages. At the same time, Amazon confirms another round of layoffs in AWS—part of CEO Andy Jassy’s long-term restructuring and ongoing concerns about the future role of AI in the corporate workforce. Stay tuned as Benzinga breaks down the headlines investors can't afford to miss. 🌐 Want more market-moving insights? Dive deeper at www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Let’s stay connected! Follow us for real-time updates, market tips, and exclusive content: 🔹 Instagram: https://www.instagram.com/benzinga 🔹 Facebook: https://www.facebook.com/benzinga 🔹 TikTok: https://www.tiktok.com/@benzinga 🔹 X: https://www.x.com/benzinga ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #StockMarket #Finance #crypto