Money, Wealth & Power—A Daily Look at the Financial World
Lindsey Graham is now railing against the same surveillance machinery that he spent years helping to build and protect, turning a long running national security debate into a very personal fight. His outrage, sparked by revelations that federal agents scrutinized his own communications, has exposed a sharp clash between his past votes for expansive spying…
Artificial intelligence is moving deeper into the financial advice business, not to replace human advisers outright but to strip away the repetitive work that keeps them from clients. Sequoia Capital’s latest bet on an AI wealth platform signals that the next competitive edge in advisory firms will come from software that handles the grunt work…
Speculation around artificial intelligence now rivals the frenzy that once surrounded dot-com stocks, but the similarities only go so far. The current boom is unfolding in a more mature market, with deeper cash flows and more concentrated power, even as investors replay familiar patterns of hype, overbuilding and fear of missing out. To see how…
Target’s latest round of corporate layoffs, cutting 1,800 office roles after 11 quarters of flat or falling sales, marks a sobering reset for one of America’s most recognizable retailers. The move caps a long stretch in which the company has struggled to reignite growth while juggling inflation, shifting shopper habits, and the lingering effects of…
Over the next 20 years, the jobs most likely to thrive will combine strong demand with skills that are hard to automate. Based on current projections and detailed reporting on growth sectors, I see a clear pattern: roles that manage complexity, work directly with people, or guide advanced technology are positioned to gain the most….
The Federal Aviation Administration set out to reward the workers who kept the air system running during the government shutdown, but a single attendance rule ended up excluding most of the people it was meant to recognize. Instead of a broad thank-you, the bonus program turned into a case study in how a rigid metric…
Record-breaking Black Friday receipts are colliding with a darker mood about the United States economy, and the contrast is hard to ignore. Shoppers opened their wallets in spectacular fashion, yet the surge in spending is arriving alongside rising anxiety about inflation, slowing wage growth, and widening inequality. I see a holiday splurge that looks less…
Algoma Steel’s decision to eliminate roughly 1,000 jobs is more than a corporate restructuring, it is a stark example of how trade policy can ripple through a local economy and upend working lives. The company is tying the cuts directly to U.S. tariffs, arguing that the new costs have shattered its ability to compete in…
Goldman Sachs is paying $2 billion for a specialist in so-called “boomer candy,” a corner of the exchange traded fund market built around manufactured yield and partial downside protection. The deal is more than a splashy headline about retirees and sweeteners, it is a bet that buffered and defined-outcome strategies are moving from niche curiosity…
US banking giants are deepening their footprint in Britain just as the government signals a friendlier stance on finance, turning a post‑Budget sigh of relief into bricks, desks and new jobs. Their expansion plans in London and Birmingham are more than routine office moves, they amount to a public vote of confidence in the United…