Money, Wealth & Power—A Daily Look at the Financial World
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…
America’s silver story used to be simple: domestic mines and refiners could largely cover what industry and investors needed, and imports were a supplement rather than a lifeline. That balance has flipped, leaving the country exposed to volatile prices, fragile supply chains, and geopolitical shocks just as silver becomes more critical to clean energy and…
Bank of America is sifting through a tidal wave of Gen Z job seekers, and only a tiny fraction are making it through. Chief executive Brian Moynihan says the bank selected 2,000 recent graduates from a pool of 200,000 applications, a ratio that captures just how unforgiving the entry-level market has become. For many young…
Amazon’s internal projections about automation are unusually blunt: instead of simply trimming headcount at the margins, the company is mapping out how to redesign its warehouses so it never has to hire tens of thousands of people in the first place. The New York Times has now surfaced plans that point to a specific target,…
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