Money, Wealth & Power—A Daily Look at the Financial World
Apple CEO Tim Cook now earns so much money, so quickly, that the average American’s yearly paycheck is roughly a morning’s work for him, and a typical house costs him about a long weekend. His compensation has become a vivid shorthand for the widening gap between corporate leaders and the workers whose labor underpins their…
DOGE was supposed to be over. The Department of Government Efficiency was declared finished, its brand retired, its operatives scattered. Yet inside agencies, staff now describe something closer to a phase change than a shutdown, with the same methods and people quietly embedded in the bureaucracy’s daily work. In place of a headline-grabbing crusade, DOGE…
Wall Street is enjoying record stock prices even as a growing chorus of strategists warns that the next decade could look far less generous for investors. The fear is not of an imminent crash, but of a grinding period in which inflation, interest rates and slower growth quietly erode returns and leave index investors treading…
Elon Musk is reassessing one of his most high-profile political experiments, conceding that the Department of Government Efficiency, or DOGE, delivered only modest gains and is not a model he wants to repeat. His shift in tone marks a rare public admission that his aggressive push to streamline Washington under President Donald Trump has not…
AT&T’s top executive is trying to rewrite the story of his own culture reset. After months of internal backlash over a blunt return-to-office push and a leaked memo that ricocheted across social media, the company’s leader is now conceding he mishandled parts of the campaign to change how people work, while insisting the most controversial…
The people who work closest to the president help shape everything from foreign policy to the wording of a State of the Union, and their paychecks reflect just how valuable that work is considered inside the West Wing. The highest earners on the White House payroll now take home salaries that rival top posts in…
President Donald Trump has been touting what he calls an “A+++++” economy, casting the current expansion as a historic triumph that voters simply fail to appreciate. Economist Paul Krugman is not buying it, arguing that the headline numbers mask deeper fragilities and that the self-congratulatory grading ignores who is actually feeling the strain. In a…
JPMorgan Chase is spending like a top-tier tech company as much as a bank, lifting its technology budget to a record level in a bid to hardwire artificial intelligence into everything from trading to customer service. The scale of that investment is reshaping how the largest U.S. bank competes, how it hires, and how it…
Donald Trump has claimed that China stopped buying American soybeans during Joe Biden’s presidency, casting himself as the only leader who could reopen that market. The trade data tell a very different story, showing steady Chinese demand and, in key years, larger shipments under Biden than during Trump’s first term. The gap between the rhetoric…
Amazon’s decision to walk away from a $400 million logistics hub in Arkansas has abruptly erased 4,100 promised and existing jobs, turning what was billed as a marquee investment into a cautionary tale about flawed design and fragile growth. The company is not just closing a warehouse, it is unwinding a regional strategy that had…