3 days ago
Musk-Trump Breakup Exposes Cracks in Wall Street's Meme Casino
By and Alexandra Semenova
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It took less than a day for the great Donald Trump-Elon Musk split to reshape debates over billionaire power and influence in American capitalism.
At another level, the breakup was a reminder of something else: the perils of personality-driven investing, a growing and lucrative business for the Wall Street bankers cranking out, rapid-fire, a never-ending array of new financial products. Few have done more to fuel these gambling spirits than the president and the world's richest man.
