Money, Wealth & Power—A Daily Look at the Financial World
Warren Buffett, now 94, shocked Berkshire Hathaway shareholders by announcing his intention to retire at the end of 2025, capping a career in which the vast majority of his fortune was built after he turned 50. When the Forbes list of wealthy Americans was published on October 13, 1987, Buffett was 57 years old and…
Three separate government-mandated fee increases all take effect on March 1, 2026, hitting consumers who rely on autopay for municipal electric bills, immigration processing services, and state park passes. The increases range from inflation-adjusted bumps of roughly 5.7% on federal immigration filings to new seasonal charges at Delaware State Parks, and each one will silently…
Savers chasing high CD yields at a single bank face a hard ceiling most do not fully understand: the Federal Deposit Insurance Corporation caps coverage at $250,000 per depositor, per insured bank, for each ownership category. That limit applies whether the money sits in one jumbo CD or is spread across a dozen shorter-term certificates…
CAVA Group Inc. reported fourth-quarter and full-year fiscal 2025 results, and executives told analysts the company is seeing strong same-restaurant sales growth alongside higher guest traffic. On the earnings call, management said guests appear to be moving away from deal-seeking behavior and are more willing to pay full price. The fast-casual Mediterranean chain’s earnings call…
Uber announced a new business unit called Uber Autonomous Solutions on February 23, 2026, designed to speed the integration of self-driving vehicles into its ride-hailing and delivery networks worldwide. The move comes as Waymo, the Alphabet-owned robotaxi operator, continues expanding driverless service across Los Angeles under permits granted by the California Department of Motor Vehicles….
T-Mobile has opened its Starlink-powered satellite texting beta to all U.S. wireless customers, including those on AT&T and Verizon, at no charge through July 2025. The move is a calculated attempt to use a free trial as a customer acquisition tool, betting that once rival subscribers experience satellite connectivity in dead zones, they will be…
Steel tariffs first imposed in 2018 under Section 232 national security authority have delivered a split outcome for American manufacturing: a modest rebound in steel mill employment alongside broader job losses in the factories that buy that steel. The tension between protecting a single upstream industry and the health of the wider manufacturing base has…
U.S. merchants paid a record $160.70 billion in card processing fees in 2022, and the pressure on small businesses has only intensified since. As cash transactions decline and consumers increasingly reach for credit cards, shop owners face swipe fees that now rank among their largest monthly operating costs. Legislative efforts and court battles have so…
Russia’s small business sector is bracing for tax changes that took effect on January 1, 2026, including a lower revenue threshold that determines when firms using the simplified tax system must register for and pay value-added tax (VAT). According to reporting by the Associated Press and Reuters, the measures are part of a broader push…
Supplemental Security Income recipients eligible for the maximum federal payment will see $994 land in their bank accounts for March 2026, with the deposit arriving as early as February 27 because the scheduled payment date falls on a weekend. The early arrival, combined with a 2.8% cost-of-living adjustment that took effect in January, means roughly…