Money, Wealth & Power—A Daily Look at the Financial World
Defense shares on both sides of the Atlantic are suddenly trading like peace in Ukraine is no longer a distant hope but an active policy goal. As President Donald Trump leans publicly into a Ukraine peace push, investors are repricing the sector that has been one of the war’s biggest market winners, knocking defense stocks…
Verizon is preparing to shed more than 13,000 jobs just days before the Thanksgiving holiday, a sweeping restructuring that executives say will unlock roughly $1 billion in annual savings but that will also reshape one of the country’s largest wireless employers. The cuts, concentrated among non-union staff and retail operations, mark one of the most…
Oil markets are once again flirting with a steep slide, and the risk is no longer just a short-term dip but a structural retreat toward price levels that would test producers’ budgets and energy investors’ patience. If supply growth keeps outrunning demand, benchmark crude could be pulled down into the $30s, a zone that would…
Kroger is walking away from a $121 million automated warehouse in Florida at a moment when the grocer is already under pressure to prove its online strategy and defend a contested megamerger. The decision to close the high-tech facility, built to anchor a delivery-only push in the state, underscores how quickly digital bets can sour…
When a political strategist argues that the “real” poverty line now sits around $140,000 a year, it captures a growing sense that traditional measures of hardship no longer match the lived reality of middle class families. The claim sounds extreme, but it taps into a concrete mix of housing costs, child care bills, medical expenses,…
Employers across the country are scrambling to fill certain mid and high skill roles that routinely pay $60,000 or more, yet still sit vacant for months. I see the same pattern in sector after sector, from health care to the skilled trades, where demand is rising faster than training pipelines can keep up. Here are…
California’s most prominent electric tractor startup is suddenly staring at an existential threat after its main Chinese manufacturing partner walked away. The rupture exposes how even climate-focused hardware companies that brand themselves as all-American can be deeply dependent on overseas capital and supply chains, and how quickly that foundation can crack when geopolitical and financial…
The Federal Reserve has quietly pointed to a new source of strain in the economy, and it is not the usual debate over interest rates. Instead, policymakers are flagging a shift in credit conditions and business sentiment that suggests the expansion is more fragile than headline job and inflation numbers imply. I see this as…
Taubman Centers is closing its long-time Michigan headquarters and eliminating 105 jobs as part of the cleanup from its sale to Simon Property Group and the Taubman family. The move marks a symbolic end to the company’s era as an independent Bloomfield Hills-based mall owner and raises fresh questions about what remains of its local…
Elon Musk once framed a new federal cost-cutting office as a “chainsaw for bureaucracy,” a swaggering promise that the project known as DOGE would rip through red tape and shrink Washington. Less than a year later, that chainsaw has effectively disappeared, leaving behind a tangle of unanswered questions about what it actually cut and why…