Money, Wealth & Power—A Daily Look at the Financial World
Target has spent the past few years watching profits leak out of its stores as theft and other losses quietly eroded margins. Now the retailer is betting that a mix of redesigned stores, tougher intervention rules, and new technology can finally plug a problem that has cost it billions of dollars in profit. The fix…
Tesla’s directors have turned board service into a multibillion-dollar windfall, collecting roughly $3 billion in stock awards that tower over what peers at other tech giants receive. The sheer scale of those gains, and the legal backlash that followed, has turned a once esoteric question of director pay into a front‑burner governance issue for one…
NASA and the United States Postal Service are walking away from their high-profile experiment with Canoo’s futuristic electric vans, a move that underscores how fragile ambitious EV startups can be when they collide with the unforgiving demands of government fleets. What began as a showcase for cutting edge design and zero-emission technology has ended with…
Kroger is confronting the most intense backlash over its pricing in years just as federal regulators scrutinize a $24.6 billion future that was supposed to be secured through a transformative merger. The company’s pandemic-era profit strategy, its stalled tie-up with Albertsons, and a new political appetite for antitrust crackdowns are converging into a single test…
Retail theft has become one of the defining headaches of modern shopping, yet one major player has quietly reframed the problem as a data and design challenge instead of a security crisis. While rivals lean on locked cases and visible guards, Amazon has spent years building a system that treats every item and every shopper…
Jared Kushner’s private equity vehicle has abruptly stepped away from one of the most contentious media takeover fights in years, leaving Paramount’s pursuit of Warner Bros Discovery looking far more fragile. The withdrawal removes a politically connected source of capital from an already polarizing bid and sharpens the contrast with Warner Bros Discovery’s preferred path,…
Ken Griffin is turning corporate philanthropy into a direct benefit for his own staff, putting millions of dollars behind Citadel employees who want to serve on nonprofit boards or launch community projects. Instead of treating giving as a top‑down branding exercise, he is effectively writing checks to amplify the causes his workforce chooses to champion….
Dividend investors often focus on yield screens and payout ratios, but sometimes the most important signal comes from the corner office. When the chief executive of a global payments giant explains why customers pay that company first, it offers a rare window into the durability of its cash flows and, by extension, the staying power…
Lowe’s is quietly executing one of the most sweeping tool resets in recent memory, clearing Craftsman V-Series hand tools from shelves across its roughly nationwide footprint. The move turns a once‑promising premium line into a clearance event, while signaling a deeper shift in how the Craftsman brand is being positioned for professionals and serious DIYers….
The quiet transfer of a senior investment chief from Citi to BlackRock has become the defining detail of a much larger power shift in global wealth management. By handing an $80 billion portfolio of affluent client assets to the world’s largest asset manager, Citi is betting that scale and technology will beat in-house stock picking,…