Money, Wealth & Power—A Daily Look at the Financial World
Apple has announced a special event for March 4 that breaks from its familiar product launch formula. Instead of a single keynote at Apple Park in Cupertino, the company is staging simultaneous press gatherings across three continents and, according to multiple reports, plans to roll out new products through a series of daily press releases…
Amazon is weighing a contribution of up to $50 billion to OpenAI’s latest funding round, a move that would rank among the largest single corporate bets on artificial intelligence ever made. The potential investment arrives as Amazon CEO Andy Jassy has told employees that AI-driven efficiency will shrink the company’s workforce, raising a pointed question:…
Edison International, the parent company of Southern California Edison, will cut roughly $2 million in executive bonuses tied to the company’s 2025 financial performance following the Eaton Fire that devastated parts of Altadena. The decision, announced by Edison’s top executive, comes as Los Angeles County pursues a lawsuit alleging the utility’s equipment sparked the blaze….
Home Depot is raising the bar for manager bonuses, cutting both the likelihood and size of payouts at a time when sluggish home sales and cautious consumers are already weighing on the retailer. The company lifted the minimum sales-performance threshold required for bonus eligibility to 95% of target, up from 90%, and slashed the payout…
Charter Communications, the parent company of Spectrum, has rolled out an aggressive new retention deal in the form of a streaming bundle called the Spectrum App Store in a direct bid to slow a significant customer exodus among internet subscribers. The platform promises included streaming apps with up to $125 in monthly retail value at…
Tesla dodged a 30-day suspension of its dealer and manufacturer licenses in California after making last-minute changes to its marketing practices, keeping the automaker’s sales flowing in the largest car market in the United States. The resolution, which centered on how Tesla described its driver-assistance features to consumers, carries consequences well beyond a single state…
Ford is betting $5 billion that it can build a four-door midsize electric pickup truck with a starting price target of around $30,000, a level that could significantly undercut many battery-powered competitors. The truck is targeted for 2027 production at Ford’s Louisville Assembly Plant and rides on a new Universal EV Platform that Ford has…
A top defense giant with extensive operations in Virginia is drawing fresh attention after revealing a bold strategic shift as a new political era begins in the state. Democratic Gov. Abigail Spanberger took office on January 17, 2026, and immediately signed ten executive orders focused on affordability, signaling a shift in state priorities that could…
Boeing locked in orders for almost 100 jets from two Vietnamese carriers on February 19, 2026, in a combined package valued at more than $30 billion, according to The Wall Street Journal. Sun PhuQuoc Airways and Vietnam Airlines both signed agreements with the American planemaker, giving Boeing a sizable single-country order announcement. The deals arrive…
Bondholders led by Nuveen LLC filed a lawsuit in early February 2026 alleging that the owners of the American Dream mall in East Rutherford, New Jersey, worked with local borough officials to deliberately slash the property’s assessed value, costing investors at least approximately $24 million per year. The complaint claims the mall’s valuation fell from…