Money, Wealth & Power—A Daily Look at the Financial World
The sudden decision by Washington to launch a strike on Venezuela has jolted a market that was already wrestling with slowing demand and the risk of oversupply. Traders now have to weigh the shock of military action and regime change against the reality that Venezuela’s crippled oil sector cannot quickly flood the world with crude…
Ford is dangling thousands of six-figure jobs and still cannot find enough people to take them. The company’s chief executive, Jim Farley, has turned that frustration into a warning that America’s labor market has a structural problem, not just a temporary skills mismatch. His alarm centers on 5,000 open mechanic roles that can pay around…
Financial markets are quietly inflating a vast bubble in existing assets, lifting the paper wealth of those who already own a lot while leaving wages and real investment behind. Instead of funding new factories, cleaner energy or better housing, more and more money is chasing the same stocks, bonds and real estate, pushing prices higher…
Millions of current and former Prime members are now in line for refunds after a record settlement over how Amazon signed people up and kept them enrolled. The deal sets aside a multibillion dollar pool to return subscription fees to shoppers who say they were nudged into Amazon Prime or struggled to cancel, and the…
Pharmaceutical giants are not simply lining up behind President Donald Trump’s drug agenda, they are trying to bend it. The headline deals that look like cooperation on prices and tariffs also function as a strategic pushback, limiting how far the White House can go while reshaping who pays and who benefits. Most Americans feel the…
Wall Street is entering 2026 with valuations stretched, interest rates high and political risk back at the center of the story. With President Donald Trump back in the White House, investors are asking whether the next big move is another leg up or a sharp break in a long bull run. I want to examine…
The decision by General Motors to shutter a $102 million factory and cut 1,700 jobs has hit a single Midwest community with the force of a rolling blackout, darkening paychecks, tax bases, and local confidence all at once. The move is part of a broader retrenchment in the company’s electric vehicle strategy, but on the…
The wealthiest investors in the United States are quietly reshaping their portfolios, trimming exposure to stocks and building the largest cash buffers they have held in years. Their shift away from public markets is not a passing mood swing, it reflects a calculated response to market volatility, policy uncertainty, and a growing menu of alternatives…
President Donald Trump is telling Americans that inflation is “crushed” and that the only thing still climbing is their retirement balance. For anyone watching prices at the grocery store while their 401(k) statement finally looks healthy again, the reality feels more complicated. I want to unpack what the data actually shows about inflation, how strong…
The chief executive of Waste Management runs a company worth tens of billions of dollars, yet he has spent nights riding garbage trucks and sitting through 1 a.m. safety briefings to understand what his crews face on the street. His approach turns a routine utility business into a case study in how hands-on leadership, worker…