Money, Wealth & Power—A Daily Look at the Financial World
Rep. Troy Nehls of Texas is stepping away from Capitol Hill, removing one of President Donald Trump’s most vocal House allies from the next Congress and opening a rare vacancy in a deep-red district. His decision to retire at the end of his current term adds another name to a growing list of Republicans opting…
Holiday shopping has become a prime hunting ground for cybercriminals, and new research shows just how exposed people are when the season’s rush kicks in. Nearly one in three consumers has already been hit by a festive-season scam at some point, and the financial and emotional fallout can linger long after the decorations come down….
JPMorgan has just put a hard deadline on the Federal Reserve’s next move, warning that waiting beyond December to cut interest rates could turn a manageable slowdown into something more dangerous. By shifting its forecast toward an imminent pivot, the bank is effectively telling investors, businesses, and policymakers that the window to engineer a soft…
Foot Locker is preparing a sweeping reset of its brick-and-mortar footprint in the United States, with hundreds of mall stores slated to close and thousands of jobs potentially affected over the next two years. The company is betting that a leaner, more strategically placed store network, combined with stronger digital sales, can stabilize a business…
Starbucks is facing a high-stakes test of its brand as a progressive employer, with Senator Bernie Sanders spotlighting a pay gap that puts nearly $96 million in compensation for the company’s chief executive alongside thousands of workers still waiting for a first union contract. The clash is no longer just about one coffee chain, it…
A sweeping recall of Airbus jets is rippling through U.S. aviation, pulling hundreds of workhorse aircraft into an unexpected maintenance spotlight and touching fleets at American Airlines, Delta Air Lines, and other major carriers. The move is forcing airlines, regulators, and passengers to confront how a highly technical safety issue on a European-built airframe can…
Artificial intelligence is moving from experimental tool to everyday infrastructure, and Bill Gates is arguing that the labor market is not ready for how quickly that shift will hit. He is framing the next wave of AI as a turning point that will reorder tasks, careers, and even national competitiveness faster than most policymakers and…
PepsiCo has shuttered its Frito-Lay plant in Orlando, Florida, a facility that operated for 60 years before closing on November 18, 2025. The closure results in layoffs for workers at the site, marking the end of a legendary Pepsi-owned operation in the US city and underscoring how shifting manufacturing strategies are reshaping long-standing industrial anchors….
Americans staring down record grocery bills are increasingly pointing the finger at tariffs, not just at abstract “inflation.” A growing body of economic research and a fresh wave of polling now converge on a blunt conclusion: voters see President Donald Trump’s trade policy as a central driver of the highest food prices in decades, and…
President Donald Trump is touting a $75 million settlement with Northwestern as proof that his administration can bend elite universities to its civil-rights agenda, while the school is framing the same deal as the price of preserving core academic autonomy. The agreement restores a crucial stream of federal funding that had been frozen during an…