Money, Wealth & Power—A Daily Look at the Financial World
XRP Ledger daily transaction volumes have climbed sharply toward levels not seen since previous peaks, with activity occurring across dozens of transaction types. Average daily transactions rose 8.9% quarter over quarter during Q3 2025, jumping from 1.6 million to 1.8 million per day. The increase raises questions about whether the network is experiencing durable adoption…
President Donald Trump signed a proclamation establishing a temporary import surcharge under Section 122 of the Trade Act, setting a 10% tariff on imports that takes effect at 12:01 a.m. ET on February 24, 2026, and runs through 12:01 a.m. ET on July 24, 2026. The statutory cap under Section 122 is 15%, leaving room…
Canada’s first-ever Grocery Code of Conduct took effect on January 1, 2026, after more than three years of industry-led development and consultations. The code aims to bring fairness to dealings between major supermarket chains and their suppliers, but it arrives at a moment when households across North America are bracing for food prices that could…
Ferrara Candy Company, the parent of the Jelly Belly brand, is shutting down corporate operations at its Fairfield, California, headquarters and permanently eliminating 69 jobs, according to a WARN notice and local reporting. The cuts target white-collar roles at the Fairfield campus while manufacturing continues on-site. 69 Corporate Jobs Gone From Fairfield The layoffs were…
Billionaire supermarket mogul John Catsimatidis, CEO of Red Apple Group and the Gristedes grocery chain, called New York City’s budget “unsustainable” during a recent appearance on Fox Business’ “Varney & Co.,” drawing a sharp contrast with Florida’s fiscal approach. His critique lands as NYC confronts a projected $2.2 billion shortfall in Fiscal Year 2026 and…
A major furniture retailer’s Chapter 11 bankruptcy has set off a rush by shoppers to spend gift cards before they risk becoming worthless. In Pennsylvania, the attorney general is urging anyone holding Value City or American Signature Furniture cards to redeem them quickly, warning that a firm redemption cutoff is already in place. The scramble…
Amazon is cutting thousands of corporate jobs, with human resources among the hardest-hit departments, as the company redirects spending toward artificial intelligence and tries to flatten its management structure. The layoffs, which began in late 2025 and accelerated in January 2026, have already triggered billions of dollars in severance costs and formal job-loss notices across…
Major U.S. employers across logistics, finance, retail, and manufacturing are shedding thousands of jobs in 2026, with official state filings and federal documents revealing the scale of cuts that are already underway or scheduled for the coming months. UPS alone plans to eliminate up to 30,000 positions this year, while companies like Wells Fargo, Lowe’s,…
JPMorgan Chase Chief Executive Officer Jamie Dimon warned that he is seeing echoes of the period before the 2008 financial crisis, pointing to what he described as aggressive risk-taking by rival banks in the fast-growing private credit market. His comments arrive as major financial institutions expand lending outside traditional banking channels, and as the International…
Several major U.S. retail chains have published work-from-home information and/or remote job listings, giving job seekers a direct path to remote employment backed by established brands. Nordstrom and Walgreens lead the verified list, with first-party career-page documentation of remote customer care work, while at least five other retailers have a track record of remote hiring…