Money, Wealth & Power—A Daily Look at the Financial World
Starbucks has agreed to a sweeping labor settlement in New York that will cost the company $38.9M and expose years of scheduling abuses affecting baristas across the city. The deal, tied to more than 500,000 alleged violations of local worker protection rules, signals that predictable hours and fair pay are no longer optional line items…
When a government-backed finance giant decides to abandon San Francisco’s storied financial district for a rising Southern city, it signals more than a simple change of address. The decision by one of the country’s most important housing finance institutions to decamp from California to Alabama captures a broader realignment of where white-collar power, capital and…
Circle’s new status as a federally supervised crypto bank has jolted one of the market’s most closely watched digital-asset stocks back into the spotlight. The conditional charter promises tighter oversight, new revenue lines and a stronger moat around USDC, but it arrives just as the share price has been hammered and sentiment around stablecoins remains…
Walmart’s sweeping reset of its self-checkout strategy is reshaping how millions of Americans move through the front of the store, and competitors are scrambling to keep up. Instead of a simple expansion or retreat, the retailer is selectively removing kiosks, tightening rules, and rethinking “smart” technology in ways that are already rippling across the broader…
AT&T’s top executive is trying to rewrite the story of his own culture reset. After months of internal backlash over a blunt return-to-office push and a leaked memo that ricocheted across social media, the company’s leader is now conceding he mishandled parts of the campaign to change how people work, while insisting the most controversial…
JPMorgan Chase is spending like a top-tier tech company as much as a bank, lifting its technology budget to a record level in a bid to hardwire artificial intelligence into everything from trading to customer service. The scale of that investment is reshaping how the largest U.S. bank competes, how it hires, and how it…
Amazon’s decision to unwind its long partnership with the U.S. Postal Service lands at the worst possible moment for a mail system already drowning in red ink. As the Postal Service struggles with a deepening $9.5 billion loss and sliding mail volumes, the prospect of losing one of its largest parcel customers threatens to turn…
America’s largest traditional grocer is facing a convergence of problems at the worst possible time. As regulators intensify scrutiny of its $24.6 billion plan to buy a rival chain, fresh evidence of pricing errors and aggressive markups is undercutting the company’s core promise to deliver value in the checkout aisle. The result is a credibility…
The streaming wars have moved from living rooms to the courtroom, as an HBO Max customer tries to stop Netflix from swallowing Warner Bros Discovery’s entertainment empire. The case turns a routine subscription into a test of how far a single viewer can go in challenging a $72 billion deal that could reshape what Americans…
Amazon is quietly preparing for a future in which it no longer relies on the United States Postal Service, a shift that could strip USPS of its largest package customer and reorder how millions of online orders move across the country. The company’s current contract runs through 2026, and people familiar with the talks say…