Money, Wealth & Power—A Daily Look at the Financial World
Micron is sounding an alarm that cuts through the usual semiconductor cycle chatter. The company is telling investors and customers that the surge in artificial intelligence workloads is colliding with physical limits in memory manufacturing, creating a supply squeeze it describes as unlike anything it has seen before. If that assessment holds, the crunch will…
Canada’s decision to reopen its market to Chinese-built electric vehicles is about to hand Tesla a powerful new advantage in North America. By sharply cutting tariffs and creating a sizable import quota, Ottawa is giving the company a low cost supply route into a country where its sales have so far been modest, while also…
The automaker behind Jeep has turned five years old with little to celebrate in the stock market. Stellantis shares are down about 43% from their debut, a brutal verdict on a sprawling merger that was supposed to create a global powerhouse and instead left investors waiting for a convincing comeback. I see a company now…
Amazon’s high-profile bet on luxury retail has curdled into a courtroom brawl, with the company now telling a bankruptcy judge that its roughly $475 million stake in Saks is effectively worth nothing. The collapse of Saks Global has not only vaporized paper gains, it has also turned a once-strategic partnership into a test case for…
The age profile of billion-dollar AI founders is collapsing at a speed that would have seemed absurd even a decade ago. Unicorns that once emerged from veterans in their late thirties or forties are now being built, scaled and sold by people barely out of college. The wild part is that this is not just…
Walmart is entering one of the most consequential leadership transitions in its history, aligning a new slate of division chiefs just as a long-serving global chief executive prepares to exit. The company is not only installing a new head for its vast U.S. business but also refreshing the teams that run Walmart International and Sam’s…
Former OpenAI CTO Mira Murati built Thinking Machines into a $12 billion symbol of the AI boom, but a sudden wave of departures has turned her showcase lab into a case study in how fragile that success can be. Co-founders, senior scientists, and rising stars are streaming out to rivals just as the company chases…
Amazon is closing in on a milestone that would have sounded outlandish a decade ago: becoming the first company in the United States to generate one trillion dollars in annual sales. The path to that figure runs through a decade of relentless expansion in retail, logistics and cloud computing, and a recent acceleration in both…
Walmart is turning the most stressful part of grocery shopping, the checkout line, into a test bed for artificial intelligence that does the work of a human cashier and a personal shopper at once. Instead of tapping through menus or scanning every barcode alone, customers are being handed over to AI “agents” that can guide…
A mega-operator behind more than 130 Popeyes restaurants in the Southeast has fallen into Chapter 11, exposing how fragile even the biggest fast-food franchise empires can be when debt, rising costs, and legal fights collide. The collapse of Sailormen Inc., a long‑time powerhouse in the Popeyes system, now hangs over workers, landlords, and lenders from…