Hello there.

Happy Monday! For better or worse, Powell, the absolute madlad, is probably gonna be the most recognizable name to come out of the Federal Reserve in quite some time.

Can you think of any former Fed Chairs? There was, uh…Ben…something. Feel like he was important. Anyway, let’s get into it.

Our old friend, Fed Chair Jerome Powell, just dropped some big news: he's staying at the Federal Reserve even after his term as chair ends on May 15. He says the legal attacks from the Trump administration have "left him no choice."

So, the Justice Department had been investigating Powell over some building renovations, and while that criminal probe got dropped last week, Powell isn't taking any chances. He said he's sticking around until this whole mess is "well and truly over with transparency and finality." Translation: I'm not leaving until I know you're actually done coming for me.

Trump, predictably, is not stoked. He posted that Powell "can't get a job anywhere else" and called him a "negative force." Treasury Secretary Scott Bessent said it's a "violation of all Federal Reserve norms." But here's the thing: By staying on the board, Powell is blocking Trump from appointing another yes-man who might push for faster rate cuts.

The Fed kept rates steady this week at 3.5% to 3.75%, and four members actually voted against the decision for different reasons. That's the most dissent we've seen since 1992. Some wanted rate cuts, others didn't even want to hint that cuts might be coming. It's chaos, basically.

Rates staying put means your credit card APR isn't dropping, and mortgages are still expensive. But honestly, the bigger story is that the Fed is willing to dig trenches in the fight to stay independent from politics, and that drama is far from over.

Today’s sponsor:

Sponsored by WarpStream

This year, the world’s biggest tech CEOs all said the same thing:

NVIDIA’s Jensen Huang called robotics a “once-in-a-lifetime opportunity.”

Microsoft’s Satya Nadella said 2026 is when AI will deliver real impact.

Tesla’s Elon Musk predicted, “AI and robots will make everyone wealthy.”

That opportunity’s arrived. Miso Robotics is leading the charge in bringing robotics solutions to the $1T fast-food industry.

Miso’s Flippy Fry Station AI robot has already logged 200K+ hours for fast-food brands like White Castle. Now, Miso has added iconic restaurant brands like Jersey Mike’s, Jamba, and Cinnabon as new customers.

With a new NVIDIA collaboration, strategic investment by industry leader Ecolab, and a growing manufacturing partnership, Miso can now scale to meet 100,000+ US fast-food restaurant locations, a $4B/year revenue opportunity.

Now, you can invest alongside Ecolab and become a Miso shareholder today to unlock up to 7% bonus stock. But hurry, this bonus stock offer changes in only a few days on May 7. Invest in Miso now.

Become a Miso Investor Today

^{This is a paid advertisement for Miso Robotics’ Regulation A offering. Please read the offering circular at invest.misorobotics.com.}

RIP yellow planes? Spirit Airlines is preparing to shut down operations after failing to secure a $500 million government bailout. The budget airline that got you to Vegas for $47 might be saying goodbye as early as this week.

Spirit has filed for bankruptcy TWICE in less than two years. Well, that little “excursion” in the Middle East has sent jet fuel prices through the roof, basically doubling what Spirit had budgeted for. Their whole business model was built on fuel costing around $2.24 a gallon. It's currently sitting at $4.51. Math isn't mathing.

Trump said he's looking at helping them out, but "only if it's a good deal." The White House originally proposed taking 90% of Spirit's equity in exchange for $500 million, which is basically buying the whole company. But not all the people Spirit owes money to are on board, and talks keep stalling.

If Spirit shuts down, nearly 20,000 jobs could disappear. United and American Airlines are already prepping to help stranded Spirit customers find new flights. American even capped fares on routes where they compete with Spirit, which is nice of them, but also... suspicious timing.

For retail investors, two angles matter here. First, airlines are high‑risk, high‑volatility businesses that can unravel quickly when costs spike. Second, consolidation can give quite a boost to the survivors. If Spirit folds, competitors may benefit from less competition and stronger pricing power. Something to keep an eye on.

Elected officials have had a tremendous amount of success in the market recently.

We want to keep you updated on what they’re trading and when so you can leverage that intel as you plan out your own portfolio.

Trading data brought to you by our partners at AltIndex.

Remember to always DYOR.

That’s all for today. Write us and let us know your thoughts on the market, the newsletter, or the weather—we’d just love to hear from you.

Till next time,
— Brandon and Blake with Invested Inc.