How 600 factory workers received checks averaging $240,000 from KKR
It was showtime for the employees of CoolIT. In the late afternoon of March 25, as an unexpected snowstorm blanketed Calgary, Alberta, around 600 mainly frontline workers of CoolIT Systems…
S&P 500 will return just 3% a year for the next decade, top strategist warns
Rob Arnott warns that shareholders in U.S. big-caps will make one-fifth the returns over the next 10 years they pocketed since 2016, and those meager gains will barely edge the…
Trump’s Iran war is costing American taxpayers $1 billion a day as the national debt spirals
On Feb. 11, the Congressional Budget Office released its closely watched, 10-year projections for the U.S. budget, this addition covering fiscal years 2026 to 2035. As expected, the numbers were…
Elon Musk has started work toward his $1 trillion Tesla pay package. But 2 loopholes foreshadow how it could be a bust for shareholders
The $1 trillion pay package for CEO Elon Musk that Tesla shareholders approved on Nov. 6—the world’s first—was labeled by the board as an exemplar of pay for performance. And…
The 30-year-old obsessive networker who is leading a wildly profitable niche on Wall Street known as ‘directs’
It was August 2023, and Matt Swain had five offers on the table for Triago, the company where he’d recently ascended to CEO. He’d built the mightily profitable franchise in…
Wells Fargo was reeling from scandal. Jamie Dimon protégé Charlie Scharf bet his career on saving the 173-year-old bank
The document, Charlie Scharf recalls, was 3,162 pages. It included 6,000 tasks; 28,000 people worked on it. This staggeringly long volume was the plan to save Wells Fargo, forged by…
The S&P 500 officially notches a new record over 6,500—but investors shouldn’t get too giddy
A few weeks ago as the S&P 500 hit a new record, this reporter noted that the index virtually hit a landmark reading, a price to earnings ratio of 30.…
Private credit has Jamie Dimon worried about the next financial crisis. But the biggest swath of this hot market is less risky than some believe
In mid July, Jamie Dimon cautioned that the explosion in private credit could trigger the next financial crisis. The JPMorgan CEO and America’s most respected banker cited the wild lending…
American Express hints at a big upgrade to its Platinum card, designed to lure a lucrative and fast-growing segment of customers
Amex CEO Steve Squeri wants more high-spending millennials and Gen Zers to join his company’s upper-echelon ranks. And he’s starting to give hints of just how exactly he plans to…














