Money, Wealth & Power—A Daily Look at the Financial World
T-Mobile has opened its Starlink-powered satellite texting beta to all U.S. wireless customers, including those on AT&T and Verizon, at no charge through July 2025. The move is a calculated attempt to use a free trial as a customer acquisition tool, betting that once rival subscribers experience satellite connectivity in dead zones, they will be…
Public Storage, the largest self-storage operator in the United States, is moving its corporate headquarters from Glendale, California, to Frisco, Texas. The shift, documented in federal securities filings and Texas state construction records, adds one of the country’s most recognizable real estate investment trusts to the growing roster of major companies that have relocated their…
The Giant Company is expected to take over two grocery locations in rural Pennsylvania after the stores’ current operators filed closure notices tied to a sale-of-business transaction, a move that will eliminate a combined 122 jobs across two small towns by late April 2026. Everett Foodliner, Inc. and Saxton Market, Inc. both submitted Worker Adjustment…
Singtel and Nvidia have jointly established the Singtel Digital InfraCo-NVIDIA Centre of Excellence for Applied AI, a facility designed to help governments and enterprises develop artificial intelligence systems while keeping sensitive data within national borders. The Singapore government formally backed the initiative, with Senior Minister of State Tan Kiat How delivering a speech at the…
Lamborghini has abandoned its plan to build an all-electric supercar, killing the Lanzador project that was expected to carry a price tag near $300,000 and instead redirecting its electrification strategy toward plug-in hybrids. The Italian automaker reportedly dismissed the pure-EV effort as an “expensive hobby,” a sharp reversal for a company that had staked its…
Microsoft is facing scrutiny over how its business relationships intersect as Elon Musk presses a lawsuit against OpenAI, the AI lab closely associated with Microsoft. Separately, Microsoft has been linked in reports and market discussion to Starlink-related connectivity work for Azure customers, which would put the software giant in direct business with Musk’s SpaceX even…
Meta Platforms has agreed to purchase AI chips from Advanced Micro Devices in a deal valued at up to $100 billion, making it one of the largest semiconductor procurement agreements in history. The pact, which covers AMD’s MI450 processor family for Meta’s data centers, arrives just months after Meta deepened its partnership with OpenAI and…
OpenAI and Nvidia abandoned a previously announced $100 billion multi-year infrastructure deal, replacing it with a far smaller $30 billion equity investment as investor concerns forced a rethink of the AI company’s spending ambitions. The retreat comes alongside reports that OpenAI has told investors it is now targeting roughly $600 billion in total compute spending…
The Supreme Court has affirmed a lower court ruling that struck down certain Trump-era tariffs, but the decision drops Apple into a legal and commercial gray area that could prove just as costly as the duties themselves. The tech giant had managed to sidestep billions of dollars in levies through a government exclusion process, yet…
Walmart Inc. plans to pay U.S. corporate employees 121% of their target annual bonuses for the fiscal year ended January 31, 2026, according to an internal company memo first reported by Bloomberg. The payout lands just four percentage points below the plan’s maximum and follows recent years of above-target rewards, based on Bloomberg’s prior reporting…