Money, Wealth & Power—A Daily Look at the Financial World
Ford is recalling nearly 109,000 sport-utility vehicles in the United States after regulators warned that a small plastic part on the rear liftgate could turn into a serious safety hazard. The move underscores how even a seemingly minor trim piece can trigger a sweeping safety campaign when it risks injuring people or distracting drivers on…
Netflix’s move to buy Warner Bros. Discovery’s storied film and TV empire has set off one of the most bitter corporate brawls Hollywood has seen in years, and no rival has fought harder than Paramount. As Netflix closed in on Warner Bros., Paramount tried to derail the streaming giant’s bid with a mix of aggressive…
Netflix’s move to buy Warner Bros in a historic $82.7 billion deal signals a new phase in the streaming wars, one where a single app could control a huge slice of the shows and films people watch every night. For viewers, the price tag matters less than what it will do to their monthly bills,…
Meta spent the past four years trying to convince Wall Street and ordinary users that a future of virtual offices, legless avatars, and bulky headsets was worth tens of billions of dollars. Now the company is quietly backing away from that bet, cutting metaverse budgets, shrinking its hardware ambitions, and talking up artificial intelligence instead…
Palantir is no longer content to be a niche data analytics vendor tucked inside defense and intelligence contracts. It is positioning its software as the core layer that coordinates how organizations deploy, govern, and scale artificial intelligence, effectively pitching itself as the operating fabric for an AI-first economy. That ambition is reshaping how investors, policymakers,…
Starbucks is preparing to send millions of dollars back to its workforce after a major enforcement action over scheduling and worker protection rules, and the stakes go far beyond one coffee chain. The headline number may grab attention, but what matters most for baristas and shift supervisors is how the money will be divided, who…
General Motors chief executive Mary Barra has quietly upended one of the Biden administration’s favorite electric vehicle talking points. After years of public praise from President Joe Biden that cast GM as the company “electrifying the entire automobile industry,” she has now acknowledged in private conversations with the president that Elon Musk and Tesla deserve…
Jamie Dimon spent years ridiculing Bitcoin, yet the bank he leads is now one of the most aggressive adopters of the blockchain rails that grew up around it. The apparent contradiction is not a simple change of heart so much as a calculated effort to separate speculative tokens from the underlying infrastructure and then dominate…
Intel’s latest rally in the stock market underscores how quickly sentiment can swing when Wall Street spies a credible path back into Apple’s supply chain. Reports that the chipmaker is poised to manufacture advanced processors for future Apple devices sent the shares sharply higher, signaling renewed investor faith in Intel’s turnaround story. The move also…
Uber is no longer treating billboard personal injury lawyers as a background cost of doing business. It is trying to rewrite the economics of crash litigation around its platform, using lawsuits, ballot measures, and a high-profile media blitz to squeeze the revenue streams of the attorneys who advertise “millions of dollars for my clients.” At…