Money, Wealth & Power—A Daily Look at the Financial World
Walmart is changing how its members check out in stores, and the update is designed to eliminate one of the most common frustrations in retail: waiting in line. The retailer’s Mobile Scan and Go feature lets Walmart+ members use their phones to scan items as they shop, then complete payment at a self-checkout kiosk in…
Hycroft Mining Holding Corporation shares rose about 30% in trading after the Nevada-based gold and silver explorer disclosed a 55% jump in mineral resources at its Hycroft Mine. The updated estimate, effective January 21, 2026, puts measured and indicated resources at 16.4 million ounces of gold and 562.6 million ounces of silver, and it also…
Toyota, the world’s largest automaker by volume, sold only a sliver of battery-electric vehicles relative to its massive global output in 2024, even as competitors raced to scale EV production. The gap is not accidental. It reflects a deliberate corporate strategy that prizes hybrids and a spread of powertrain technologies over a singular bet on…
Circle Internet Group filed a Form S-1 registration statement with the Securities and Exchange Commission, setting the stage for a public listing that could put the USDC stablecoin issuer under intensified scrutiny from Wall Street investors and regulators. The filing arrives as stablecoin balances have grown into a scale that policymakers and fixed-income markets are…
Governments on both sides of the Atlantic have spent the past two years building a regulatory framework around artificial intelligence, issuing executive orders, passing binding legislation, and standing up safety consortiums. The largest AI developers, including OpenAI and Anthropic, have signed voluntary agreements to cooperate with federal testing programs. Yet the speed at which new…
Federal Reserve Governor Michael Barr warned on November 11, 2025, that firms are already scaling back hiring because of artificial intelligence, a signal that the long-predicted collision between AI and the labor market is no longer theoretical. That same week, fresh research and government data confirmed that the effects are spreading well beyond Silicon Valley,…
A federal lawsuit targets Stellantis with allegations that the automaker concealed a safety defect in the front seats of more than two million Dodge and Chrysler vehicles, potentially leaving drivers exposed to collapsing seats during crashes. The complaint, filed in Michigan, claims Stellantis had internal knowledge of the problem for years but chose not to…
FATE S.A., Argentina’s sole domestically owned tire manufacturer, announced a shutdown and dismissed all 920 of its workers, ending decades of national production in a single stroke. The Buenos Aires provincial government responded by ordering mandatory conciliation to freeze the mass layoffs, but the company’s stated reason, changes in market conditions, points to structural pressures…
The Global Energy Alliance for People and Planet is seeking to raise about $100 million by 2028 to support the digitization of India’s electricity grid, according to a Reuters report citing the alliance’s CEO. The effort is framed as a way to help India integrate more renewable power as it pursues its net-zero goal for…
Canada is set to cut its effective tariff on Chinese electric vehicles from 100% to 6.1%, and polling shows many Canadians are ready to buy. The policy shift, described in reporting as part of a broader deal with Beijing, opens the door to more affordable Chinese-made EVs entering the Canadian market each year. The shift…