Money, Wealth & Power—A Daily Look at the Financial World
Uber announced a new business unit called Uber Autonomous Solutions on February 23, 2026, designed to speed the integration of self-driving vehicles into its ride-hailing and delivery networks worldwide. The move comes as Waymo, the Alphabet-owned robotaxi operator, continues expanding driverless service across Los Angeles under permits granted by the California Department of Motor Vehicles….
T-Mobile has opened its Starlink-powered satellite texting beta to all U.S. wireless customers, including those on AT&T and Verizon, at no charge through July 2025. The move is a calculated attempt to use a free trial as a customer acquisition tool, betting that once rival subscribers experience satellite connectivity in dead zones, they will be…
Steel tariffs first imposed in 2018 under Section 232 national security authority have delivered a split outcome for American manufacturing: a modest rebound in steel mill employment alongside broader job losses in the factories that buy that steel. The tension between protecting a single upstream industry and the health of the wider manufacturing base has…
Russia’s small business sector is bracing for tax changes that took effect on January 1, 2026, including a lower revenue threshold that determines when firms using the simplified tax system must register for and pay value-added tax (VAT). According to reporting by the Associated Press and Reuters, the measures are part of a broader push…
Public Storage, the largest self-storage operator in the United States, is moving its corporate headquarters from Glendale, California, to Frisco, Texas. The shift, documented in federal securities filings and Texas state construction records, adds one of the country’s most recognizable real estate investment trusts to the growing roster of major companies that have relocated their…
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…
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