Money, Wealth & Power—A Daily Look at the Financial World
Amazon is abruptly exiting the cashierless convenience and mid-sized grocery formats it spent years trying to popularize, shutting every Amazon Go and Amazon Fresh store in the United States within days. The move affects dozens of locations that once showcased the company’s most futuristic retail technology and signals a decisive pivot toward Whole Foods Market…
The Trump administration is quietly testing a new way to compete with Silicon Valley for talent, and it starts with six-figure federal paychecks. A two‑year “Tech Force” fellowship offers salaries that can reach roughly the $195K range, then steers those same workers into roles at companies like Amazon and Meta once their government stint ends….
Whataburger’s familiar orange-and-white stripes are disappearing from parts of the South, as the Texas-born chain shutters all of its restaurants in three states even while it prepares a fresh wave of openings elsewhere. The closures mark a sharp turn for a brand that has spent the past few years racing to plant its flag far…
Microsoft is trying to convince investors and employees that cutting tens of thousands of jobs is a rational price for staying ahead in artificial intelligence after committing roughly $80 billion to new infrastructure and tools. The company is pitching the layoffs as a hard reset that frees cash for data centers, custom chips, and enterprise…
Amazon is preparing to cut another wave of corporate jobs, putting thousands of white-collar workers on notice as the company reshapes itself for a slower growth era. The latest restructuring targets roughly the same scale as the mass layoffs that hit its offices last year, signaling that the reset inside one of the world’s largest…
Elon Musk’s new $1 trillion Tesla pay plan has turned an already heated debate over executive compensation into a full-blown political and corporate flashpoint. The package, which could make Musk the world’s first trillionaire if all targets are met, is being held up by critics as the most vivid example yet of CEO pay breaking…
Maria Bartiromo’s pointed question to President Donald Trump about the federal government’s stake in Intel captured a deeper anxiety on the American right: when Washington buys into flagship companies, does it quietly rewrite the rules of capitalism. Her challenge, asking whether this is really free market capitalism, crystallized a debate that has been building since…
Veterans who spent years in uniform are now watching the institution meant to care for them shrink in real time, and many describe the latest plan to cut 25,000 Department of Veterans Affairs jobs as nothing less than a betrayal. The VA insists it is trimming vacant positions and modernizing, but the scale and timing…
The Trump White House is selling a story of breakneck growth and technological transformation, promising an economic revolution even as the job market slows. Voters, however, are increasingly focused on job security and the prospect that the same forces driving productivity gains could cost them their livelihoods. That tension, between a booming narrative and a…
When a carmaker valued at roughly $148 million shuts its doors without warning, the shock does not land on investors first. It hits the 900 people who suddenly discover their wages are frozen, their benefits in limbo, and their workplace gone. The overnight collapse of Bollinger Motors turned a high‑flying electric vehicle bet into a…