Money, Wealth & Power—A Daily Look at the Financial World
Comcast is throwing almost everything it has at one problem: customers are walking away from its cable and broadband bundles faster than it can replace them. The company is now leaning on a long-term price lock, revamped loyalty perks, and simpler bills in what amounts to a high-stakes attempt to calm years of anger over…
Elon Musk is testing how far a single corporate structure can stretch, weighing a consolidation that would bind rockets, artificial intelligence and electric vehicles into one of the most complex tech groups on the planet. The talks center on SpaceX potentially combining with Tesla or xAI ahead of a blockbuster listing, a move that would…
Wells Fargo has signed off on a striking 28% pay increase for Chief Executive Charlie Scharf, lifting his total potential compensation for 2025 to $40 million. The package, which vaults Scharf into the very top tier of U.S. bank bosses, comes as the lender tries to turn a page on years of regulatory penalties and…
Verizon Communications Inc has just delivered the kind of quarter investors had almost stopped expecting from the telecom giant, pairing its strongest wireless subscriber surge in years with a bold new $25 billion share repurchase plan. The combination signals that the company believes its turnaround under new leadership is gaining traction and that its stock…
General Motors is openly challenging Ford Motor Company for the title of America’s top automaker, with Mary Barra tying her legacy to a decisive swing back to U.S. production. Rather than a vague ambition, GM is committing to build significantly more vehicles on American soil and to close the gap with its crosstown rival in…
South Carolina’s record-setting incentive package for Scout Motors was supposed to be a clean, capped bet on thousands of electric vehicle jobs. Instead, the public cost of the project has already blown past expectations, with the state now roughly $150 million over its original budget for the Blythewood manufacturing campus. The gap is forcing lawmakers…
The latest lawsuit over a sprawling special needs trust scandal in Clearwater does not target only the indicted entrepreneur at its center. It now reaches into the banking system that handled the money, accusing a major institution of failing to shield vulnerable beneficiaries from a $100 m loss. At stake is not just $100 million…
Tesla’s latest earnings have turned a long‑running success story into a warning sign for the electric vehicle boom. Profit has fallen sharply at the same time the company has ceded its long‑held lead in global EV sales, a symbolic shift that underscores how quickly the competitive landscape is changing. Instead of debating whether Tesla can…
SAP’s brutal earnings miss has wiped roughly €39 billion from its market value in a single session, abruptly ending its brief reign as Germany’s most valuable listed company. The software group’s stumble has rattled confidence in one of Europe’s flagship tech names and raised sharper questions about how quickly its cloud and artificial intelligence bets…
Tesla has finally hit a wall that critics long predicted, logging its first annual revenue decline just as it tries to reinvent itself as an artificial intelligence and robotics powerhouse. The company is selling fewer high-margin cars, earning thinner profits, and pouring billions into robotaxis and humanoid machines that may not pay off for years….