Money, Wealth & Power—A Daily Look at the Financial World
PepsiCo has shuttered its Frito-Lay plant in Orlando, Florida, a facility that operated for 60 years before closing on November 18, 2025. The closure results in layoffs for workers at the site, marking the end of a legendary Pepsi-owned operation in the US city and underscoring how shifting manufacturing strategies are reshaping long-standing industrial anchors….
Americans staring down record grocery bills are increasingly pointing the finger at tariffs, not just at abstract “inflation.” A growing body of economic research and a fresh wave of polling now converge on a blunt conclusion: voters see President Donald Trump’s trade policy as a central driver of the highest food prices in decades, and…
President Donald Trump is touting a $75 million settlement with Northwestern as proof that his administration can bend elite universities to its civil-rights agenda, while the school is framing the same deal as the price of preserving core academic autonomy. The agreement restores a crucial stream of federal funding that had been frozen during an…
President Donald Trump has moved from warning to action, declaring that the airspace above and around Venezuela should be treated as closed to civilian traffic and subject to United States control. The decision, framed as a response to security threats and alleged drug trafficking, instantly raised the stakes in an already volatile standoff between Washington…
The US auto industry spent the past five years racing into electric vehicles, and is now confronting a far colder reality. Demand is growing more slowly than boardroom forecasts, capital costs are rising, and political tailwinds are turning into crosswinds just as factories and supply chains reach full stride. I see a sector that is…
Donald Trump’s aggressive immigration agenda is reshaping who fills American classrooms and job pipelines, and the first beneficiaries are often U.S. students who suddenly face less competition from abroad. As visa rules tighten and foreign enrollment softens, domestic applicants are stepping into seats, scholarships, and internships that once defaulted to international talent. The shift is…
Federal investigators say a new wave of bank fraud is moving faster than most people can keep up, draining checking and savings accounts in a matter of minutes once criminals gain access. The core of the threat is simple but devastating: scammers trick victims into handing over control of their own online banking, then quietly…
Tyson Foods is shutting two major beef plants and cutting 4,900 jobs just as the U.S. cattle herd sinks to its smallest size in roughly three quarters of a century, a collision of corporate strategy and historic supply pressure that will ripple from feedlots to supermarket meat cases. The closures crystallize how a long, drought-driven…
Stubbornly high prices colliding with a suddenly fragile job market have pushed the Federal Reserve into its most uncomfortable spot since the early pandemic. The central bank is being forced to choose between defending its inflation-fighting credibility and cushioning a labor market that is no longer the picture of resilience. Whatever it decides next, the…
The latest round of General Motors plant closures is not just a corporate restructuring, it is a $102 million shock to the industrial heartland that puts 1,700 union jobs in limbo. As the automaker slows its electric vehicle buildout and shutters key facilities, workers across the Midwest are being told to choose between uprooting their…