Money, Wealth & Power—A Daily Look at the Financial World
A 132-year furniture institution has gone from American manufacturing mainstay to bankruptcy court case study, closing a key factory and leaving workers scrambling just as the new year begins. The unraveling of Kroehler Furniture, once a symbol of mass-market craftsmanship, captures how even century-old brands can be overwhelmed by shifting consumer habits, rising costs, and…
President Donald Trump is treating Venezuela less like a sovereign country and more like a distressed asset to be restructured for profit. His own language about “taking a tremendous amount of wealth out of the ground” and rebuilding the oil sector in record time sounds closer to a buyout pitch than a foreign policy doctrine….
Defense shares are suddenly back at the center of Wall Street’s story, as President Donald Trump’s push for a massive Pentagon buildup sends money flooding into the sector. After a volatile stretch triggered by new scrutiny of contractors, the market is now betting that a proposed $500 Billion expansion of military funding will outweigh the…
Amazon is tightening the screws on how it judges white-collar work, and it is no longer enough to say you were busy. Corporate employees are being told to produce detailed lists of what they actually achieved, a shift that turns annual reviews into something closer to an audit of personal output. The message is blunt:…
The White House is celebrating a rare piece of good news on trade, with the U.S. deficit falling to its lowest level in 17 years just as President Donald Trump’s aggressive tariff regime delivers record revenue. Yet the victory lap comes with a caveat: the same policy the president hails as proof of “American Trade…
Greenland is often framed as a remote ice sheet on the edge of the map, but beneath that ice lies a resource story that could reshape global power. From rare earth elements to oil and gas, the island’s subsurface wealth has been valued in the trillions of dollars, a figure that helps explain why Washington,…
Private employers barely expanded their payrolls in December, adding just 41,000 positions and undershooting expectations for a stronger year-end hiring burst. The slowdown caps a year in which the labor market shifted from breakneck gains to a more cautious, selective pace, even as pay growth remained solid and inflation pressures eased. The modest increase, led…
Venezuelan crude is once again steaming toward U.S. refineries, and President Donald Trump is turning that flow into a centerpiece of his energy agenda. As the administration asserts control over Venezuela’s vast reserves and promises billions of dollars in new investment, Former Energy Secretary Rick Perry is publicly cheering the strategy as proof that Trump’s…
U.S. crude stockpiles have fallen more sharply than traders expected, and the surprise drawdown is already rippling through global energy markets. Oil benchmarks, which had been under pressure after a two day slide, are finding support as investors reassess supply risks, demand resilience, and the policy backdrop that will shape prices through the first half…
Boston’s life sciences cluster was built on the promise that if you earned a doctorate and came to Kendall Square, the jobs would be waiting. Instead, a growing number of Ph.D.s are discovering that the region’s vaunted biotech engine is stalling just as they enter the market. The result is a jarring mismatch between years…