Business

ToplineA further decline in SpaceX shares on Monday cut Elon Musk’s net worth by more than $20 billion, lowering his fortune below the $700 billion threshold for the first time since December, as Musk falls further from his trillionaire status.Key FactsShares of SpaceX dropped 4.8% to around $109.50 as of…

The latest report from the Bureau of Labor Statistics showed that the Consumer Price Index declined by 0.4% in June 2026, signaling that inflation is slowing. But this doesn’t necessarily make it a good time to buy a car, house, appliance, furniture set or vacation. Lower inflation means prices are…

All the arguments for and against rent control miss this little fact. The wealthiest sometimes really like the arrangement when they get to benefit from it, and don’t own apartment buildings where the regulations put financial constraints on them.The original article from the Wall Street Journal (here’s a gift link…

During my decades-long campaign in the high-stakes world of energy trading and utility operations, I’ve seen two very different types of “battlefields.” The first is the one I entered as a young leader—a Darwinian, “survival of the fittest” environment where individuals competed fiercely for personal gain, and information was not…

In today’s world, where information is at our fingertips and artificial intelligence (AI) headlines dominate the financial press, it’s easy to wonder: Do high net worth individuals still need a human financial advisor? The answer, as revealed in the 2026 Value of an Advisor Study from Russel Investments, is a…

During my decades-long campaign in the high-stakes world of energy trading and utility operations, I’ve seen two very different types of “battlefields.” The first is the one I entered as a young leader—a Darwinian, “survival of the fittest” environment where individuals competed fiercely for personal gain, and information was not…

Double-digit tariffs are back, and retailers are once again scrambling to keep tariff-imposed price increases from customers. New tariffs couldn’t come at a worse time. Nearly 60% of voters say the cost of living is the worse they have ever experienced, according to a Politico poll among 2,000 registered voters.…

Long-term care costs are rising even as families struggle to keep up with increases in their ordinary living expenses, making it tougher than ever to save for personal care needs in old age. That combination is raising interest in public long-term care insurance. But what would a public program cost?…

ToplineJulie Felss Masino, the CEO of Cracker Barrel who presided over a logo change that was slammed by loyal customers, conservative commentators and even President Donald Trump, will step down effective next month, the company said Monday, though it did not give a reason for her departure.TimelineNov. 1, 2023Masino, previously…

During my decades-long campaign in the high-stakes world of energy trading and utility operations, I’ve seen two very different types of “battlefields.” The first is the one I entered as a young leader—a Darwinian, “survival of the fittest” environment where individuals competed fiercely for personal gain, and information was not…

Leonard Tannenbaum’s newest venture was supposed to be a sure thing. In 2020, after selling his previous company, Fifth Street, under a cloud of investor litigation and an SEC settlement, the veteran financier recast himself as a pioneering lender to underbanked cannabis firms. Weed was booming as Americans sat out…

During my decades-long campaign in the high-stakes world of energy trading and utility operations, I’ve seen two very different types of “battlefields.” The first is the one I entered as a young leader—a Darwinian, “survival of the fittest” environment where individuals competed fiercely for personal gain, and information was not…

Alexi Lalas is known for sharing his opinions about soccer, politics and any range of other topics.They are often blunt, and occasionally over the top.But when it comes to his analysis for Fox at the World Cup, Lalas’ views are far more grounded than the cartoonish picture many have painted.And…

WWE SummerSlam is pro wrestling’s biggest party of the summer. Well, at least it’s supposed to be.But in 2026? Arguably WWE’s second-biggest PLE behind only WrestleMania sure doesn’t feel like it. In fact, sluggish SummerSlam ticket sales point to a widening gap between the TV product that WWE is delivering…