Money, Wealth & Power—A Daily Look at the Financial World
Saving a card with a favorite retailer or app can feel like a harmless shortcut, but it quietly changes the risk profile of every purchase you make afterward. Instead of exposing your card only at checkout, you are trusting that merchant to guard a highly prized target for criminals around the clock. When I look…
Scott Galloway likes to say his first real job was miserable, but it taught him how the world actually works. The years he spent grinding inside a big bank were, by his own account, a slog, yet they became the foundation for how he thinks about money, status and the kind of discipline that compounds…
Switzerland is preparing to tighten scrutiny of selected foreign investments, a notable shift for a country that has long marketed itself as one of the world’s most open destinations for cross-border capital. The emerging regime aims to shield critical infrastructure and security-sensitive sectors without dismantling the broader appeal of the Swiss market for global investors….
Uber is no longer treating billboard personal injury lawyers as a background cost of doing business. It is trying to rewrite the economics of crash litigation around its platform, using lawsuits, ballot measures, and a high-profile media blitz to squeeze the revenue streams of the attorneys who advertise “millions of dollars for my clients.” At…
Walmart is reshaping its holiday playbook with a sweeping change to how long shoppers have to bring back gifts, a move that could ease some of the stress that comes with peak-season spending. Instead of racing to return unwanted items in the first days of January, customers now get a longer, clearer window that stretches…
President Donald Trump is trying to turn a familiar political promise into a sweeping tax revolution, arguing that aggressive tariffs can both bankroll direct payments to households and eventually wipe out the federal income tax. The pitch blends populist anger at foreign competitors with the allure of $2,000 checks and a future in which wage…
Lawmakers are advancing a proposal that would let some Americans replace their Social Security numbers, a shift that could reshape how families respond when a child’s identity is compromised. The measure is framed as a targeted fix, but it opens a broader debate over how the Social Security system should adapt to modern fraud risks…
Chicago leaders are weighing a new way to plug a yawning budget gap: a flat $1.25 charge on nearly every package that lands on a resident’s doorstep. The proposal would effectively turn the city’s booming home delivery habit into a dedicated revenue stream, testing how far officials can lean on e-commerce without sparking a consumer…
Amazon is preparing to email millions of Prime subscribers to tell them they are getting money back, the most visible consumer moment yet in a record federal settlement over how the company handled its flagship membership program. The automatic refunds will land in accounts without customers having to file paperwork, but the details of who…
AT&T is again raising the cost of staying online, even as its core business delivers hundreds of millions of dollars in fresh revenue and steady profit growth. The company’s latest round of price increases has landed badly with customers, who are venting across social media and warning they are ready to walk. I see a…