Shaquille O’Neal’s Newest Title: The Big Franchisor
Superman. The Big Cactus. The Big Aristotle. The Big Shamrock. Diesel. Shaq. These are just a few of the nicknames of former professional basketball player, millionaire—and perhaps soon to be billionaire—Shaquille O’Neal. Shaq played for six different teams over the course of his tremendously successful 19-year NBA career...
The Curious Evolution of Jeff Bezos
Jeff Bezos is living his best life. He and Elon Musk have been swapping position as the richest person in the world—despite the fact that Bezos lost $38 billion in his divorce from ex-wife MacKenzie Scott. He founded and is now the Executive Chairman of the second largest non-state-owned company in the world by both revenue and number of employees...
Billionaire Investor Bill Ackman Says Low Confidence in Fed is Putting...
Billionaire investor Bill Ackman says the Federal Reserve’s failure to combat inflation has put the markets in a dangerous spot. "Inflation is out of control," Ackman, Founder and Chief Executive Officer of Pershing Square Capital Management, wrote in a Twitter thread...
How Government Policies Have Contributed to the Baby Formula Shortage
Blame for this year’s baby formula shortage has been flying in all directions. The first culprit many point to is the supply chain, which has been under enormous strain due to the COVID-19 pandemic that shut down ports and disrupted the transportation of goods around the world...
IMF Warns of Global Economic Risk
A series of crises has put the global economy in danger. It faces “perhaps its biggest test since the Second World War,” International Monetary Fund Managing Director Kristalina Georgieva said in a statement at the World Economic Forum in Davos, Switzerland...
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Geopolitical Events Could Hamper Economic Rebound, Powell Says
The ability of the U.S. Federal Reserve to manage inflation and grow the economy depends on global conditions, Chairman Jerome Powell told Marketplace. “Geopolitical events going on around the world . . . are going to play a very important role in the economy in the next year or so. So the question whether we can execute a soft landing or not, it may actually depend on factors that we don’t control,” Powell said...
Are NFTs Just Digital Trading Cards?
On February 22, 2021, an NFT (non-fungible token) sold for $6.6 million. The NFT in question? A looped piece of digital artwork featuring a larger-than-life, despondent, nude President Trump lying face down in some park grass, face hidden, surrounded by garbage like an empty pizza box and a bottle of bleach...
Why Are Men Disappearing From Colleges?
Around the turn of the century (1900, that is, not 2000), the percentages of men and women attending college was roughly equal. Granted, the educations they received were anything but equal: most of the men were getting bachelor’s degrees at four year colleges, many of which were all male...
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White House Considering Adjustments to Chinese Tariffs
The U.S. may drop some of the tariffs imposed against Chinese imports to help control rising consumer prices, President Joe Biden said earlier in May. The administration has been reluctant to lift tariffs and jeopardize political goals, while weighing the impact of increasing costs on Americans...
Bill Gates Expects Global Economic Downturn Despite Indications That Inflation May...
Rising inflation and interest rates will spur a global economic slowdown at some point, Microsoft founder Bill Gates told CNN in early May. “(The war in Ukraine) comes on top of the pandemic, where government debt levels were already very, very high and there were already some sort of supply chain problems,” Gates said...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...