How Person of the Year Elon Musk Built His Fortune

If you want to become a billionaire—and you didn’t happen to be born into the Saudi royal family—there are a few ways to get the job done. You could come up with one seriously good idea, like a new computer operating system or social network, and then build it into a gigantic company. Or you could take the Warren Buffet route, making a decades-long series of shrewd, low–…

Read more

Controversial Investment Guru Cathie Wood Wants to Help You Trust the Stock Market Again

(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)

Cathie Wood is CEO, CIO and founder of ARK Invest, a closely watched investment fund known for its prescient high risk, high reward strategy (Wood was early on Bitcoin and Tesla) and radical transparency (she explains her decisions to buy and sell in a public newsl…

Read more

Sam Altman Avoids the Zuckerberg Treatment

At a Senate hearing on Tuesday, the CEO of OpenAI Sam Altman received a warm welcome from lawmakers, many of whom expressed surprise at his main argument: that AI should be regulated, and fast.

It was a far cry from the grueling ordeals that tech CEOs have previously faced on Capitol Hill. Mark Zuckerberg, Jack Dorsey and Shou Zi Chew have all endured antagonistic Senate hearings in recen…

Read more

Underperforming Companies Sacrifice Diversity

Companies that are underperforming in comparison to their competitors or to their goals are more likely to experience a decrease in racial and gender diversity rates on their boards, a newly released study has found.

Underperforming Companies Sacrifice DiversityRead more

Price of Eggs Skyrockets 13% in a Single Month

Grocery prices are continuing to rise—although more slowly. That bit of good news is likely to be little consultation to Americans who are continuing to see the prices of staples skyrocket.

  • The price of a dozen grade A eggs rose 13.4% in a single month to $4.82
  • Butter rose in price by 1.5%, to $4.88 per pound
  • Ice cream rose by 4.5%, to $5.81 per half gallon Read more
  • The Succession Timeline Explained

    Life is moving pretty fast for the Roy kids on Succession. In just the first four episodes of the fourth and final season of the series, Kendall (Jeremy Strong), Shiv (Sarah Snook), and Roman (Kieran Culkin) have bought up their dad’s biggest competitor, been rocked by their father’s death, and begun to stab each other in the back as they compete for the position of Waystar…

    Read more

    6 Things to Know (About Yourself) to Have a Successful Black Friday

    For many years, Americans have had a holiday right after Thanksgiving that prompted a lot of buying. It is called Christmas. But it was a whole month away, and allegedly predicated on some non-retail themed historical event, so unto us a new ritual was born, known as Black Friday. It too has history; it’s the day when many retailers’ accounts move into the black. To mark this miracu…

    Read more

    Twitter Now Worth One-Third of What Musk Paid for It

    Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company.

    Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity. More recently, he said Twitter is worth less than half what he paid for it. It’s unc…

    Read more

    The 10 Moments That Defined Fashion in 2022

    If fashion is an expression of the times we live in, this year’s biggest moments told the story of a tumultuous world. The war in Ukraine, rising anti-Semitism, and the exploitation of children all found their way into fashion news, editorials, and business in 2022. Of course, there were moments of empowerment and levity, too: Rihanna redefined maternity wear with bold, celebratory looks;…

    Read more