Money, Wealth & Power—A Daily Look at the Financial World
The U.S. Treasury Department granted India a 30-day window to take delivery of Russian crude oil already loaded on tankers, a move that eased pressure on global oil prices by signaling flexibility in Washington’s sanctions enforcement. The Office of Foreign Assets Control issued General License 133 on March 5, 2026, authorizing the sale and offloading…
Spirit Aviation Holdings Inc. reached a deal with its key creditors on February 24, 2026, clearing a major hurdle in its effort to exit Chapter 11 bankruptcy protection. The agreement, which targets roughly $2.1 billion in post-emergence debt reduction, sets the stage for the ultra-low-cost carrier to reinvent itself with a leaner fleet, a trimmed…
FedEx filed a lawsuit against the U.S. government on February 23, 2026, seeking what it described as a full refund of emergency tariffs after the Supreme Court ruled three days earlier that the Trump administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose broad import duties was unlawful. The global transportation company…
The Trump Organization signed a deal on February 23, 2026, to build a 91-storey skyscraper in Surfers Paradise on Australia’s Gold Coast, a project valued at A$1.5 billion that would become the country’s tallest building. The agreement with local developer Altus Property Group marks the Trump brand’s first real estate venture in Australia, arriving four…
Paramount Skydance has escalated its hostile takeover bid for Warner Bros. Discovery to $31 per share in an all-cash offer for the entire company, directly challenging a pending Netflix merger valued at $27.75 per share. Warner Bros. Discovery confirmed receipt of the amended tender offer and said its board would evaluate whether the bid constitutes…
JPMorgan Chase CEO Jamie Dimon has warned that artificial intelligence is already eliminating some jobs at the bank while triggering what amounts to a massive internal reshuffling of its workforce. The comments, delivered across recent public appearances, frame AI not as a distant threat but as an active force changing how the largest U.S. bank…
GE Aerospace and Palantir Technologies have reportedly entered discussions around an artificial intelligence partnership targeting jet engine design and maintenance, a deal that would extend Palantir’s growing footprint across the U.S. aerospace and defense sector. While neither company has issued an official press release confirming the arrangement, the reported collaboration follows a pattern of major…
Tesla avoided a 30-day suspension of its California dealer and manufacturer licenses this week after agreeing to stop using the term “Autopilot” in its marketing across the state. The resolution caps a years-long enforcement battle between the electric vehicle maker and the California Department of Motor Vehicles, which found that Tesla’s advertising of its driver-assistance…
Apple is doubling its Houston manufacturing campus to 500,000 square feet, adding Mac mini assembly lines and a 20,000-square-foot advanced manufacturing training center that will open later in 2026. The expansion builds on a 250,000-square-foot facility already under construction in the Houston area, and it extends Apple’s broader push to expand U.S.-based manufacturing and supplier…
Apple says it will begin producing Mac mini computers in Houston later this year, marking the first time the compact desktop line will be assembled in the United States. The announcement also covers an expansion of server manufacturing at the same site, and comes as Reuters pointed to renewed tariff uncertainty, including a new 10%…