Money, Wealth & Power—A Daily Look at the Financial World
Strong growth numbers are painting a rosy picture of the United States economy, but the person in charge of monetary policy is sounding a more sobering note. Jerome Powell is warning that a new pattern in household behavior, driven by stubborn inflation and higher borrowing costs, is quietly tightening the screws on family budgets even…
America’s logistics and tech backbone is being ripped up and rewired in real time. Amazon and UPS are cutting tens of thousands of positions, not as a short-term panic, but as part of a deeper reset in how goods move, how work is organized, and where profit really lies. The result is a brutal reshuffling…
Tesla is preparing to pour more than $20 billion into a single year of capital spending, a dramatic bet that artificial intelligence, robotics, and energy infrastructure will define its future more than selling cars. The plan marks a sharp break from the company’s earlier capital discipline and signals that Elon Musk is turning Tesla into…
Norway’s $2.2 trillion oil fund has started to quietly cut back its exposure to the American tech behemoths that helped power its recent windfall gains. The shift is subtle in percentage terms but significant in signal, given the fund’s status as the world’s largest single equity investor and a bellwether for institutional risk appetite. After…
Tesla’s latest earnings have turned a long‑running success story into a warning sign for the electric vehicle boom. Profit has fallen sharply at the same time the company has ceded its long‑held lead in global EV sales, a symbolic shift that underscores how quickly the competitive landscape is changing. Instead of debating whether Tesla can…
Europe is pouring unprecedented public money into technology and infrastructure in a bid to close the gap with the United States, but the race is as much about rewiring power as it is about spending. The European Union is trying to turn industrial policy, digital regulation, and energy security into a single strategy that can…
Canada has quietly assembled a playbook that strikes at the core of President Donald Trump’s political identity, the American auto industry. By tightening tariffs on United States vehicles while cutting fresh deals with Asian manufacturers, Ottawa is turning Trump’s signature protectionism back on itself and testing how far Washington will go to keep its northern…
Microsoft just suffered the kind of market jolt that forces investors to rethink their most comfortable assumptions. After years of being treated as the safest way to bet on cloud and artificial intelligence, the company’s stock logged its sharpest single-day fall since 2020 as growth in its core cloud business cooled and its AI spending…
SAP’s brutal earnings miss has wiped roughly €39 billion from its market value in a single session, abruptly ending its brief reign as Germany’s most valuable listed company. The software group’s stumble has rattled confidence in one of Europe’s flagship tech names and raised sharper questions about how quickly its cloud and artificial intelligence bets…
After hiring at breakneck speed during the pandemic, many of the country’s biggest employers are now aggressively cutting staff to reset their payrolls. The result is a job market that looks stable on the surface but feels precarious to workers who see high profile layoffs landing week after week. I see a corporate landscape that…