Money, Wealth & Power—A Daily Look at the Financial World
The gap between what American corporations earn and what they pay their workers has reached a record high, according to federal data and multiple economic analyses published this month. Corporate profits as a share of GDP hit a historic peak while labor’s share of national income fell to record lows, creating what one economist described…
Public Storage, the largest self-storage operator in the United States, is moving its corporate headquarters from Glendale, California, to Frisco, Texas, joining a growing list of major companies that have abandoned the Golden State for the Lone Star State. The company framed the decision as part of a broader strategic overhaul called PS4.0, which also…
Amazon is committing $12 billion to build AI-optimized data centers in northeast Louisiana, a bet that would rank among the largest single infrastructure investments in the state’s history. The project places Louisiana at the center of a fierce national competition for AI computing capacity, where cheap electricity and open land have become prized assets. But…
Kia’s all-electric EV4 sedan, built in South Korea and aimed squarely at American buyers, is pressing ahead with U.S. sales plans even as a 25% tariff on imported vehicles reshapes the economics of every foreign-assembled car sold in the country. A recent White House order easing some of that tariff burden, combined with a two-year…
San Francisco is moving to expand public power options and reduce reliance on Pacific Gas and Electric Co., combining a federal regulatory victory with steep rate cuts to strengthen the case for a larger city role in providing electricity. The effort, years in the making, reached a new milestone on January 28, 2026, when the…
Amazon is funneling approximately $12 billion into two data center campuses in Louisiana’s Caddo and Bossier parishes, with construction set to begin in the coming weeks. The deal, built by developer STACK Infrastructure, carries promises of up to 1,500 construction jobs and 540 permanent positions, but its real significance lies in the accountability framework wrapped…
Nvidia filed its quarterly earnings with the SEC for the period ended July 27, 2025, and the reaction across Wall Street was strikingly muted. A company that once moved entire indexes with a single report now barely nudges the broader market, raising a pointed question: has the era of Nvidia as the sole bellwether for…
JPMorgan Chase & Co. plans to spend roughly $19.8 billion on technology in 2026, up from about $18 billion budgeted for 2025, as the largest U.S. bank by assets accelerates its push into artificial intelligence, cybersecurity, and digital infrastructure. The spending increase, disclosed in SEC filings and discussed at the firm’s investor day, arrives at…
FedEx filed a lawsuit on February 23, 2026, at the U.S. Court of International Trade, demanding a full refund of all duties it paid under the International Emergency Economic Powers Act after the Supreme Court struck down those tariffs last week. The company, acting both as importer of record and through its customs brokerage arm,…
Chicago city workers collectively owe $23.5 million in unpaid tickets, a figure that takes on new urgency as the municipality confronts a budget gap exceeding $1 billion. The debt, largely tied to parking and traffic violations, has persisted through gaps in payroll deduction systems meant to collect such fines automatically. With the city’s fiscal outlook…