Money, Wealth & Power—A Daily Look at the Financial World
The United States has moved to pause immigrant visa processing for a large group of countries, a sweeping step that instantly reshapes who can start a new life in America through family or employment sponsorship. The State Department says the halt is tied to concerns about future reliance on public assistance and national security vetting,…
The United States is waiting on a single court decision that could either cement President Donald Trump’s tariff strategy or trigger a sprawling fight over who gets billions of dollars back. As the justices hold off, companies, markets and the White House are all trying to game out whether the delay points to a political…
Walmart is betting that the future of shopping will be driven by generative AI that understands not just what customers ask for, but what they are actually trying to get done. Its head of AI has started to spell out why the retailer believes its deep partnership with Google’s Gemini models gives it an edge…
The federal government has frozen a vast swath of COVID-era aid in Minnesota, triggering what officials describe as the largest mass suspension of Small Business Administration borrowers in U.S. history. Nearly 7,000 people tied to pandemic relief programs are now locked out of future SBA support as investigators dig into an alleged $400 million fraud…
Saks Global’s plunge into Chapter 11 has exposed a sprawling web of unpaid bills that stretches from Paris couture houses to Silicon Valley software vendors. The bankruptcy of the parent of Saks Fifth Avenue and Neiman Marcus is not just a story about a storied retailer in trouble, it is a stress test for how…
Tariffs were sold as a way to make foreign producers pay, but the latest Federal Reserve survey shows the bill is increasingly landing in American checkout lines. From groceries to machinery, higher import duties are quietly being folded into prices, turning trade policy into a stealth tax on shoppers. The shift is subtle, but it…
Tesla has spent years selling investors on a future where its self-driving software justifies a premium far beyond that of a traditional carmaker. Nvidia has just forced Wall Street to rethink that bet. By throwing open powerful autonomous driving tools to the wider auto industry, Nvidia has triggered a sharp reset in expectations for how…
Amazon is quietly testing how much pain its suppliers will tolerate just as the Supreme Court prepares to rule on the legality of President Donald Trump’s sweeping global tariffs. The company is demanding fresh price cuts from brands and manufacturers, even though the trade duties that helped justify earlier increases could soon be rolled back….
President Donald Trump is again dangling the prospect of direct cash from his trade agenda, telling Americans that $2,000 “tariff dividend” checks could start arriving around the middle of 2026. The idea, pitched as a way to share tariff revenue with households, has energized some voters who remember earlier pandemic-era relief, but it is colliding…
President Donald Trump promised that an aggressive tariff campaign would shrink the United States trade gap with China and restore leverage over its biggest rival. Instead, the country he targeted most has just posted the largest trade surplus in modern history, while American consumers and manufacturers shoulder what analysts describe as the biggest tax increase…
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