Money, Wealth & Power—A Daily Look at the Financial World
Meta’s decision to spend up to $6 billion on optical fiber has abruptly elevated a 175-year-old glassmaker from industrial stalwart to critical infrastructure provider for the AI era. The company best known for casserole dishes and smartphone glass is now wiring the physical backbone of Meta’s next generation of AI data centers. In the process,…
The Trump administration is quietly testing a new way to compete with Silicon Valley for talent, and it starts with six-figure federal paychecks. A two‑year “Tech Force” fellowship offers salaries that can reach roughly the $195K range, then steers those same workers into roles at companies like Amazon and Meta once their government stint ends….
Volkswagen has turned a routine investment review into a high stakes warning shot at Washington, signalling it could walk away from a new United States factory after President Donald Trump’s latest tariff moves. The clash pits one of Europe’s biggest industrial employers against a White House that has made aggressive trade policy central to its…
Micron has officially begun work on a vast semiconductor campus in central New York, a project framed as both an industrial revival and a generational jobs engine. The company and state leaders are tying the $100 billion buildout to a promise of roughly 49,000 high paying positions when direct hires and surrounding growth are counted….
When KPMG cut the ribbon on its $450 million Lakehouse complex in Orlando, the firm expected a bustling corporate campus, not a pandemic-era ghost hotel. The $450 m project, the largest capital bet in the firm’s 120-year history, was quickly branded a Covid boondoggle as travel froze and classrooms sat empty. Today, that same site…
A half million dollar stock move by a sitting member of Congress would raise eyebrows in any sector. When that trade involves a dominant health insurer at the center of federal policy fights over medical costs, it starts to look like a case study in why public trust in Washington’s money habits is so fragile….
Saks Global’s rapid descent from luxury consolidator to bankruptcy case study has left a trail of scorched stakeholders, from fashion brands to one of the world’s biggest e‑commerce companies. The $2.7 billion Neiman Marcus merger that was supposed to create a dominant high‑end retail group instead exposed how fragile the model had become, and turned…
Elon Musk’s new $1 trillion Tesla pay plan has turned an already heated debate over executive compensation into a full-blown political and corporate flashpoint. The package, which could make Musk the world’s first trillionaire if all targets are met, is being held up by critics as the most vivid example yet of CEO pay breaking…
Elon Musk is reshaping how Tesla drivers pay for advanced driver assistance, scrapping the familiar Autopilot bundle and steering customers toward a pricier, subscription‑based future. Full Self‑Driving (Supervised) is shifting to a subscription‑only model, while core features like lane centering are being moved behind a monthly paywall, turning what used to be standard equipment into…
Jamie Dimon has spent years cultivating a reputation as the ultimate establishment banker, the person corporate America calls when it wants a steady hand in a crisis. Now he is discovering what it looks like when that steady hand points directly at the sitting president and says no. The clash between the JPMorgan chief and…