Money, Wealth & Power—A Daily Look at the Financial World
FedEx filed a lawsuit against the U.S. government on February 23, 2026, seeking what it described as a full refund of emergency tariffs after the Supreme Court ruled three days earlier that the Trump administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose broad import duties was unlawful. The global transportation company…
The Supreme Court struck down President Trump’s sweeping tariff regime in February 2026, invalidating executive orders that had imposed duties on imports from nearly every U.S. trading partner. But weeks after the ruling, American consumers searching for lower prices on electronics, household goods, and industrial materials are finding the same sticker shock they faced before…
The Trump Organization signed a deal on February 23, 2026, to build a 91-storey skyscraper in Surfers Paradise on Australia’s Gold Coast, a project valued at A$1.5 billion that would become the country’s tallest building. The agreement with local developer Altus Property Group marks the Trump brand’s first real estate venture in Australia, arriving four…
Paramount Skydance has escalated its hostile takeover bid for Warner Bros. Discovery to $31 per share in an all-cash offer for the entire company, directly challenging a pending Netflix merger valued at $27.75 per share. Warner Bros. Discovery confirmed receipt of the amended tender offer and said its board would evaluate whether the bid constitutes…
Lowe’s Companies Inc. is cutting roughly 600 corporate and support positions, a move the retailer says will free up money to invest in store-level workers and frontline operations. The layoffs, announced on February 13, 2026, affect less than 1% of the company’s total workforce but signal a deliberate shift in how the home improvement giant…
JPMorgan Chase CEO Jamie Dimon delivered a pointed warning to investors during the bank’s latest company update, urging those riding the current market rally to “take a deep breath and watch out.” The remarks came as JPMorgan simultaneously pitched shareholders on a spending plan that amounts to roughly $2 billion per week in operating costs,…
Constellation Brands, operating as Mission Bell Winery, has signaled planned job cuts at its Madera, California, facility in 2026 through a required state WARN process, adding to broader layoff concerns in the state’s wine industry. The workforce reduction at the company’s Madera, California, facility follows a required state filing and arrives alongside an open federal…
Apple has confirmed a special event for March 4, 2026, but the real story may be what happens in the days leading up to it. According to two of the most connected Apple watchers in the industry, the company is planning a rapid-fire sequence of product announcements spread across three consecutive days, potentially putting at…
Democratic Socialists of America allies in the New York State Legislature are advancing a progressive income tax bill that begins hitting earners at $323,200, a threshold far below the million-dollar line that dominates campaign messaging. The measure, Assembly Bill 2023-A3115, is tied to DSA-backed Assemblymember Zohran Mamdani, who is now running for New York City…
The U.S. Department of Agriculture released per-acre payment rates for its $12 billion Farmer Bridge Assistance Program on December 31, outlining key details of a one-time subsidy package first announced weeks earlier by President Trump and Secretary of Agriculture Brooke L. Rollins. The bulk of the money, up to $11 billion, flows to row-crop producers,…