Trump’s pick for chairman isn’t enough to threaten Fed independence, says Bank of America—especially if Jerome Powell decides to stick around
“The question then becomes, will Powell leave as a governor?”
Business
Scott Galloway got mostly B’s and C’s in high school, never studied for the SAT, and had to try twice to get into UCLA. Now he’s worth $150 million
“It’s worked out for all of us,” Galloway said.
Inside Silicon Valley’s ‘soup wars’: Why Mark Zuckerberg and OpenAI are hand delivering soup to poach talent
Mark Zuckerberg’s soup is handcooked. OpenAI’s soup comes from a high-end Korean restaurant. It’s soup for the AI soul.
Exclusive: Billionaire Michele Kang launches $25 million U.S. Soccer institute that promises to transform the future of women’s sports
Women are not just "small men"—and Kang's efforts will target everything from treating women's injuries to preventing girls from dropping out of youth sports.
What CEOs say about AI and what they mean about layoffs and job cuts: Goldman Sachs peels the onion
“Companies that have discussed AI in the context of their workforce have cut their job openings more sharply this year,” economist Ronnie Walker found.
Billionaire Mark Cuban once ran a Ponzi scheme from his dorm room: ‘That’s how I paid for my junior year of college’
“It was basically a scam,” Cuban, 67, said as he chuckled.
Forget the four-day workweek, Elon Musk predicts you won’t have to work at all in ‘less than 20 years’
“The advancements in AI and robotics will bring us to the point where working is optional,” billionaire Tesla CEO Elon Musk says.
There’s a ‘once-in-a-generation opportunity’ in these stocks right now, no matter how the AI boom ends, market veteran says
“Typically, quality stocks have delivered their best returns after similar (but rare) periods of underperformance, which is why this moment feels so ripe.”
Despite their ‘no limits’ friendship, Russia is paying a nearly 90% markup on sanctioned goods from China—compared with 9% from other countries
While the value of Chinese ball-bearing exports to Russia jumped by 76% from 2021 to 2024, the quantity of exports actually dropped by 13%.
