Money, Wealth & Power—A Daily Look at the Financial World
Amazon has crossed a line that once looked out of reach for an online bookstore. In its latest annual filing, the company reported full-year 2025 net sales of $716.924 billion, a figure rounded in its earnings release to $716.9 billion, topping Walmart’s estimated $648 billion haul and making Amazon the world’s largest company by revenue….
On Detroit’s icy riverfront, the glass towers and sprawling plants that once symbolized the auto industry’s confident electric future are now the backdrop for a harsh financial reckoning. Ford, General Motors and Stellantis have together booked roughly $50 billion in impairments and related charges tied to electric vehicles, according to primary filings and company statements….
US inflation slowed to 2.4% in January, a milestone the Trump administration is touting as proof it is getting “everything [it] wants” on the economy. The latest Consumer Price Index report, released by the Bureau of Labor Statistics, is being cast by the White House as validation that prices are cooling while paychecks pull ahead….
France’s public debt has climbed to about €3.3 trillion, and fresh official data for early 2025 suggest the pile is still growing rather than stabilising. The “time bomb” metaphor increasingly used in Paris is grounded in watchdog projections that interest costs alone could reach roughly €74 billion by 2026, even as the political system struggles…
When Donald Trump sat in the Oval Office to announce Project Vault, the headline number did much of the talking: a $12 billion financing blitz, anchored by a $10 billion federal loan and supplemented by private capital, to build a Strategic Critical Minerals Reserve. The initiative is framed as an emergency response to U.S. Geological…
Workday has seen roughly $40B in market value erased after investors balked at its AI-era growth trajectory, turning a once high-flying enterprise software name into a cautionary tale about transition risk. Now cofounder Aneel Bhusri is stepping back in as CEO with a pay package worth about $138.8M, a comeback bet that ties his fortunes…
The Dow Jones Industrial Average just smashed through 50,000, capping a 1,207 point surge that ended what traders called the SaaSpocalypse week and extending a run that had already seen the index gain 515 points earlier in Feb. That kind of milestone can tempt anyone to chase hot stocks or cash out entirely. I want…
The couple thought they were ending the night with a deal: dinner at a neighborhood restaurant, paid for with a discounted Synergy gift card they had picked up at Costco. Instead, staff at the Greek Corner Cafe had to tell them their card would not go through, leaving them stunned and reaching for a backup…
Russia’s central bank cut its benchmark interest rate by 50 basis points on February 7, 2025, lowering the key rate from 16% to 15.5% and signaling that more easing may follow if inflation behaves as expected. In its guidance, the Bank of Russia said it would assess the need for a further key rate cut…
Idle cash in brokerage accounts rarely gets much attention from investors, yet a new ruling is set to decide whether clients can claw back years of lost interest on those balances. On a recent decision date set out in the primary legal document, a panel weighed claims that JPMorgan’s cash sweep program quietly diverted earnings…