Money, Wealth & Power—A Daily Look at the Financial World
Verizon Communications Inc has just delivered the kind of quarter investors had almost stopped expecting from the telecom giant, pairing its strongest wireless subscriber surge in years with a bold new $25 billion share repurchase plan. The combination signals that the company believes its turnaround under new leadership is gaining traction and that its stock…
Amazon’s decision to cut 1,400 jobs in Seattle is not verified by the available reporting, so any claim that the company has already taken this specific step is unconfirmed. What is clear is that the city’s tech sector is under pressure from shifting corporate strategies, changing office habits, and a tougher funding climate, all of…
General Motors is openly challenging Ford Motor Company for the title of America’s top automaker, with Mary Barra tying her legacy to a decisive swing back to U.S. production. Rather than a vague ambition, GM is committing to build significantly more vehicles on American soil and to close the gap with its crosstown rival in…
Canada’s new auto pact with South Korea is more than a diplomatic flourish. It is a deliberate attempt to turn the country into a prime landing spot for electric vehicle and battery factories at a moment when global incentives and trade rules are shifting fast. By inviting Korean automakers and battery giants to build on…
Canada’s federal government is moving to claw back public money from General Motors after the automaker slashed jobs at its flagship Ontario truck plant, igniting a high-stakes fight over what taxpayers should expect in return for corporate subsidies. The confrontation lands just as hundreds of autoworkers are walking out of the Oshawa facility for the…
America’s factories were supposed to be the big winners of Donald Trump’s second term. Instead, the country’s most politically prized industry is caught between a tariff shock, a currency gamble, and a supply chain experiment that is still very much in progress. The question now is not whether manufacturing is under strain, but whether the…
South Carolina’s record-setting incentive package for Scout Motors was supposed to be a clean, capped bet on thousands of electric vehicle jobs. Instead, the public cost of the project has already blown past expectations, with the state now roughly $150 million over its original budget for the Blythewood manufacturing campus. The gap is forcing lawmakers…
Americans have never been more tied to the stock market. With roughly 45% of household financial assets now sitting in equities, families are riding a bull run that has lifted wealth on paper while quietly concentrating risk. That exposure is rising just as several key market gauges and policymakers warn that the next chapter may…
Jim Cramer is telling investors that the easy money phase of this bull run is over and that unrealized gains are not a safety net for what could come next. His message is blunt: take profits in the most speculative corners of your portfolio now so you are not forced to sell quality holdings in…
Jeffrey Gundlach has spent years warning that the era of easy money and a relentlessly strong dollar would not last. Now the investor widely known as the “Bond King” is spelling out how he thinks portfolios should be rebuilt for a world of stubborn inflation and a weaker greenback. His message is blunt: treat the…