Money, Wealth & Power—A Daily Look at the Financial World
Workday has seen roughly $40B in market value erased after investors balked at its AI-era growth trajectory, turning a once high-flying enterprise software name into a cautionary tale about transition risk. Now cofounder Aneel Bhusri is stepping back in as CEO with a pay package worth about $138.8M, a comeback bet that ties his fortunes…
The couple thought they were ending the night with a deal: dinner at a neighborhood restaurant, paid for with a discounted Synergy gift card they had picked up at Costco. Instead, staff at the Greek Corner Cafe had to tell them their card would not go through, leaving them stunned and reaching for a backup…
Idle cash in brokerage accounts rarely gets much attention from investors, yet a new ruling is set to decide whether clients can claw back years of lost interest on those balances. On a recent decision date set out in the primary legal document, a panel weighed claims that JPMorgan’s cash sweep program quietly diverted earnings…
QVC, once synonymous with the thrill of televised impulse buys, is now confronting a wave of bankruptcy fears that would have been unthinkable at its peak. The home-shopping pioneer is wrestling with heavy debt, a shrinking audience, and a cable universe that no longer guarantees access to nearly every American living room. What hangs in…
SoftBank Group has swung back to profit, powered by a surge in the value of its artificial intelligence holdings after years of bruising losses. The turnaround shows how Masayoshi Son’s willingness to stomach volatility is finally being rewarded as investors race to put a price on the next generation of AI platforms. The rebound is…
Salesforce set out to own a slice of Super Bowl LX with a simple, high-voltage promise: watch a 30‑second spot, scan a code, and race millions of other viewers to solve a $1 million puzzle fronted by YouTube star Jimmy “MrBeast” Donaldson. The ad was designed as a live demo of the company’s AI tools,…
American bargain hunters are quietly rewriting the e‑commerce leaderboard. After a brief fling with ultra‑cheap Chinese marketplaces, many are drifting back to Amazon, where a new wave of sub‑$10 deals is colliding with rising prices and political pressure on Temu and Shein. The result is a power shift that says as much about tariffs and…
Chinese automaker BYD has opened a new front in the global trade fight by suing the United States government and demanding refunds of tariffs imposed under President Donald Trump’s aggressive auto and parts policy. The case challenges the legal foundation of those duties and tests how far Washington can go in using emergency economic powers…
A $5 million payment has drawn a line under one of the most bitter chapters in Wine Country’s recent real estate history, closing a civil fight between a longtime business partner and an investor accused of orchestrating a vast Ponzi scheme. The settlement does not resolve the criminal case that still looms over the properties…
Lowe’s is quietly turning one of retail’s most old-school formats into a test bed for AI, computer vision and spatial computing. After years of running stores on 1990s-era systems and early-2000s merchandising software, the chain has rebuilt its tech stack so that digital tools now shape everything from how shoppers find a box of screws…