Here’s who topped the Fortune 500 in CEO pay last year—from Goldman’s David Solomon to Disney’s Bob Iger
Goldman Sachs quietly crowned CEO David Solomon the early 2025 pay leader among Fortune 500 company chiefs with a double-digit percentage raise that puts him above both JPMorgan’s Jamie Dimon…
Tesla reveals $2 billion investment in Elon Musk’s xAI and officially kills the Model S and Model X
The moves, remarkable even in the context of Musk’s unfettered management style, underscore the profound transformation underway at the car maker as it loses ground in the EV market to…
Fidelity enters crowded stablecoin field with new FIDD token
“As general adoption in the digital assets space continues to evolve, we felt this was the logical next step for the marketplace and our clients,” said Mike O’Reilly, president of…
Amazon is closing its futuristic Go and Fresh stores—showing logistics and tech aren’t enough to make old-school retail work
The e-commerce giant said on Tuesday that it was closing its “Fresh” grocery stores as well as its automated grab-and-go “Go” shops, adding to its list of failed brick-and-mortar experiments.Amazon’s…
ServiceNow stock falls despite earnings beat as CEO Bill McDermott tries to get investors to stop thinking of it as a SaaS company
McDermott said that ServiceNow is on its way to becoming the central hub through which customers access the data and the software tools that AI agents need to automate work.…
An architect of California’s billionaire tax says he’s an ‘enthusiastic capitalist,’ but the system ‘doesn’t seem to be working.’ He’s got a plan
“I’m interested in how things work,” Galle added, “and right now, it doesn’t seem to be working well.” Speaking to Fortune about his forthcoming new book, How to Tax The…
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
The report highlights the financial burden is ongoing and significant. If the administration maintains the troop levels present at the end of 2025, the CBO estimates the recurring cost to…
Kevin vs. Kevin: Warsh overtakes Hassett as favorite to be Fed chair nominee on prediction market
Warsh, a former Fed governor, now has a 47% probability, up from 39% on Sunday and just 11% on Dec. 3. Hassett, director of the National Economic Council, has fallen…
Jerome Powell says Fed independence isn’t lost… yet. ‘I certainly hope we won’t’ lose it
“We haven’t lost it. I don’t believe we will. I certainly hope we won’t,” Powell said. But Powell maintained the Fed has remained prudent on cuts, balancing the dual mandate of…
Fed holds rates at an unusual moment: Stocks at record highs, dollar under pressure, and Powell in the crosshairs
The Federal Reserve on Wednesday held interest rates steady at 3.50% to 3.75%, attempting to project an image of stability as the U.S. financial landscape splits into two jarring realities:…
