Fortune
Employers are quietly pausing 401(k) matches again. The last time this happened was the 2008 recession and Covid
Facing economic pressure, some companies are suspending 401(k) matching contributions as a cost-cutting alternative to layoffs — a move not seen at scale since the 2008 financial crisis and the early days of Covid. TTEC's decision to halt matches for 16,000 employees has benefits experts on alert for a broader trend. For workers, it amounts to a quiet pay cut that's easy for employers to implement with little public scrutiny.
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Fortune
NextEra’s $67 billion Dominion takeover creates the world’s largest utility—just in time to win the AI data-center power surge
NextEra Energy's proposed $67 billion acquisition of Dominion would create the world's largest utility, combining NextEra's renewable energy dominance with Dominion's Mid-Atlantic grid footprint. The timing is deliberate: hyperscalers and AI data center developers are scrambling for reliable, large-scale power commitments, and the combined entity would be uniquely positioned to deliver. Scale and cost advantages could make NextEra-Dominion the default partner for tech giants racing to electrify their AI infrastructure buildout.
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Fortune
‘Blood in the streets’: Legendary investor Jeremy Grantham pulls back the curtain on the AI wars to reveal a ‘brutal, competitive world’
Jeremy Grantham is sounding the alarm on Big Tech's golden age, arguing that AI competition is dismantling the monopoly structures that fueled outsized profits for years. The GMO co-founder warns of a brutal race to the bottom as AI capabilities commoditize rapidly, eroding the moats that once made companies like Google and Microsoft nearly untouchable. For investors still pricing tech giants at premium multiples, Grantham's message is blunt: the easy money is gone.
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