Money, Wealth & Power—A Daily Look at the Financial World
Tesla has spent years selling investors on a future where its self-driving software justifies a premium far beyond that of a traditional carmaker. Nvidia has just forced Wall Street to rethink that bet. By throwing open powerful autonomous driving tools to the wider auto industry, Nvidia has triggered a sharp reset in expectations for how…
Amazon is quietly testing how much pain its suppliers will tolerate just as the Supreme Court prepares to rule on the legality of President Donald Trump’s sweeping global tariffs. The company is demanding fresh price cuts from brands and manufacturers, even though the trade duties that helped justify earlier increases could soon be rolled back….
President Donald Trump promised that an aggressive tariff campaign would shrink the United States trade gap with China and restore leverage over its biggest rival. Instead, the country he targeted most has just posted the largest trade surplus in modern history, while American consumers and manufacturers shoulder what analysts describe as the biggest tax increase…
The clash between the White House and the central bank has moved from simmering tension to open confrontation, and the latest volley came from inside the Federal Reserve itself. Minneapolis Fed leader Kashkari has framed the Trump administration’s threats against Jerome Powell not as a legal dispute, but as a direct attempt to seize control…
The Pentagon is making an unusually direct bet on the future of U.S. missile power, committing $1 billion to the rocket motor arm of L3Harris in a move that blends industrial policy with hard-edged defense planning. Instead of relying solely on contracts, the government is taking an equity stake in a new Missile Solutions business…
Donald Trump’s relationship with the oil industry has usually been defined by mutual convenience, not confrontation. So when a prominent energy executive publicly challenged his approach, the reaction inside the White House was described by one aide as pure blowback, the kind that comes when a president expects deference and instead gets a blunt reality…
Boeing has finally put hard numbers behind its long-promised turnaround, logging its strongest year of jet deliveries since 2018 and signaling that its industrial recovery is gaining real traction. After years of crisis and production setbacks, the company has pushed output back to levels that matter for airlines, investors, and rivals alike. The comeback is…
JetZero has just secured a war chest that would make most climate-tech startups blink, raising $175 million to push a radically different airliner shape from sketchpad to sky. The Long Beach company is betting that a blended-wing body can cut fuel burn so sharply that even entrenched giants like Airbus and Boeing will have to…
For students and career changers, the safest bet in a choppy labor market is a bachelor’s degree that lines up with a large, steady stream of openings. Instead of chasing fads, the data point to a handful of fields that employers hire for year after year, from business operations to healthcare and technology. I focus…
Artificial intelligence is turning data centers into some of the hungriest power customers in the United States, and the scramble to feed them is colliding with politics at the highest level. President Donald Trump has mocked wind and solar, yet the companies building the AI boom are racing toward the cheapest electrons they can find,…