K-Shaped Christmas: US High Earners Spend Freely
π Key Facts β High earners across the US are actively spending during the holiday season. β Middle-income households are facing financi...
π Key Facts β High earners across the US are actively spending during the holiday season. β Middle-income households are facing financi...
π Key Facts β The global beauty industry is valued at $500 billion. β The climate crisis is shifting many people's purchasing patte...
π Key Facts β Hong Kong Insurance Authority is proposing new capital rules. β Rules include risk charges on crypto assets. ...
Sergey Brin, Larry Page, and Jeff Bezos are all approaching $300 billion net worths. Lionel Hahn/Getty Images/Elijah Nouvelage/Remo Casilli/REUTERS The $200 billion club could soon be old news as tech...
If you hear the sound of glasses clinking — it may be members of Morgan Stanley's newly announced 2026 class of managing directors, whom the firm named to its highest title on Wednesday. Yoshiyo...
Getty Images; Angle Bush; Moonvalley; Rebecca Zisser/BI Since OpenAI launched ChatGPT in November 2022, the AI sector has undergone a significant transformation. Model capabilities have advanced, agen...
π Key Facts β Instacart has ended its AI-driven pricing tests. β The tests pushed up costs for some shoppers. β ...
π Key Facts β Strategy paused its streak of bitcoin purchases β Added $748 million to its USD reserve β Total f...
π Key Facts β Under President Trump, the SEC has backed down from nearly all its fights with crypto firms. β The biggest lawsuits and i...
Lou Gerstner, the former CEO of IBM, has died at 83. James Leynse/Corbis via Getty Images Lou Gerstner, who led IBM's turnaround in the 1990s, has died, the company told staff. He kept IBM intact and ...
π Key Facts β Inversion Capital CEO Santiago Roel Santos argues against casino-like features in fintech prediction markets. β These fea...
π Key Facts β Michael Selig's confirmation occurred prior to David Sacks' statement. β David Sacks, a White House official, cal...
Deloitte, KPMG, PwC, and EY make up the Big Four professional services firms. Emanuele Cremaschi//Getty Images, Craig T Fruchtman/Getty Images, Joan Cros/NurPhoto,, Joan Cros/NurPhoto via Getty Images...
π Key Facts β Asset manager Janus Henderson agreed to be acquired by investors Trian Fund Management and General Catalyst. β The acquis...
Macy's plans to close stores over several years. kena betancur / AFP via Getty Images Nearly 300 US retail stores, including Macy's and Kroger locations, are set to close by the end of 2026. Major cha...
π Key Facts β ETHZilla liquidated $74.5 million in Ether. β The liquidation was to redeem convertible debt. β T...
π Key Facts β US banks are rebuilding core financial infrastructure behind the scenes. β The rebuild enables cash, custody, and funds t...
π Key Facts β Erebor raised $350 million in funding. β The company achieved a $4.35 billion valuation. β Palmer...
π Key Facts β The Lucid Gravity is positioned as a potential ultimate luxury electric SUV. β Frustrating software issues are currently ...
Costco offers some impressive prices, but shoppers sometimes balk at the membership fee. Dominick Reuter/Business Insider Costco is known for buying in bulk and offering some of the lowest unit prices...