Money, Wealth & Power—A Daily Look at the Financial World
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….
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…
XRP Ledger daily transaction volumes have climbed sharply toward levels not seen since previous peaks, with activity occurring across dozens of transaction types. Average daily transactions rose 8.9% quarter over quarter during Q3 2025, jumping from 1.6 million to 1.8 million per day. The increase raises questions about whether the network is experiencing durable adoption…
Canada’s first-ever Grocery Code of Conduct took effect on January 1, 2026, after more than three years of industry-led development and consultations. The code aims to bring fairness to dealings between major supermarket chains and their suppliers, but it arrives at a moment when households across North America are bracing for food prices that could…
Billionaire supermarket mogul John Catsimatidis, CEO of Red Apple Group and the Gristedes grocery chain, called New York City’s budget “unsustainable” during a recent appearance on Fox Business’ “Varney & Co.,” drawing a sharp contrast with Florida’s fiscal approach. His critique lands as NYC confronts a projected $2.2 billion shortfall in Fiscal Year 2026 and…
JPMorgan Chase Chief Executive Officer Jamie Dimon warned that he is seeing echoes of the period before the 2008 financial crisis, pointing to what he described as aggressive risk-taking by rival banks in the fast-growing private credit market. His comments arrive as major financial institutions expand lending outside traditional banking channels, and as the International…
Adam Posen, president of the Peterson Institute for International Economics, is warning that U.S. inflation could hit 4% by the end of 2026, a level that would double the Federal Reserve’s target and reverse much of the progress made since the post-pandemic price surge. His argument rests on a collision of forces: tariffs that have…
California’s proposed 2026 Billionaire Tax Act, a one-time wealth levy targeting the state’s ultra-rich, may already be pushing billionaires and their assets out of the state before a single dollar has been collected. A nonpartisan fiscal analysis warns that while the tax could produce a short-term revenue windfall, it risks triggering a lasting decline in…
The federal government’s new Trump accounts program promises to hand every eligible child a $1,000 Treasury seed deposit, but parents considering adding their own money to these accounts face a tangle of restrictions, uncertain rules, and structural gaps that could undercut the program’s appeal. With a July 4, 2026, launch date approaching and proposed regulations…