Elon Musk, the world’s richest person and the founder of SpaceX, has announced plans to give one of his SpaceX shares to every child in the United States in 2027. Elon Musk plans to give one SpaceX share to every child in the US in 2027. (AP Photo/Mark Schiefelbein, File) (AP Photo/Mark Schiefelbein) Musk shared … Read more
JPMorgan Chase has invested $5 billion in US industries linked to economic and national security. The bank said the equity investments are aimed at supporting industries that are important to the United States’ economy and national security. JPMorgan Chase invests $5 billion in US industries linked to economic and national security. (File photo/REUTERS) The investment … Read more
Four years after three friends decided to produce their own tequila for personal consumption, international beverage company Diageo agreed to acquire their brand for up to $1 billion. Announced in June 2017, the deal described Casamigos as “America’s fastest-growing super-premium tequila.” Under the agreement outlined in Diageo’s official announcement, the company would pay $700 million … Read more
Climate news can feel like a never-ending loop of bad updates, and one might wonder if big promises ever turn into real action. This pledge might be worth a closer look. In 2020, Jeff Bezos pledged $10 billion to fight climate change. Six years later, his Earth Fund has invested more than $25 million to … Read more
Meta CEO Mark Zuckerberg has admitted that the company committed to spending as much as $200 billion on artificial intelligence (AI) infrastructure without knowing for certain if its products would succeed. Mark Zuckerberg admitted Meta committed billions to AI without certainty of success, as investors await returns from its massive spending.. (Photo by ROBERTO SCHMIDT … Read more
Bank of America has been fined $1.21 billion by US regulators over failures to detect and report suspicious financial activity, including transactions worth more than $5 billion, as per Reuters. Bank of America faces a $1.21 billion US fine over failures to report suspicious transactions, with the penalty expected to hurt quarterly earnings.. Photographer: Michael … Read more
Five of Wall Street’s biggest banks have collectively lost around $270 billion in market value from their summer highs through Friday’s market close. This comes as rising interest rates worry investors about whether the banks can maintain their strong profits in the coming months. US bank stocks lose $270 billion as rising interest rates threaten … Read more
Bloomberg’s $1B gift to Johns Hopkins made medical tuition free for families earning under $300K (Image Credit: Wikipedia) For many students, getting into medical school is only the beginning of a much bigger financial challenge. Tuition, accommodation and everyday expenses can make years of professional training difficult to afford. In July 2024, Bloomberg Philanthropies announced … Read more
Mo ishe Mana, Founder & CEO, Mana CommonPhoto credit: Mana Common Moishe Mana began buying property in Miami’s Wynwood district in 2009, when the area was still largely abandoned and in the early stages of transformation. Over 16 years, he assembled roughly 30 acres into what became Mana Wynwood, a cultural and events hub known … Read more
American chestnut trees are returning to the Bronx Zoo more than 120 years after the blight was first documented. (Photo: TACF.org) More than 120 years after the American chestnut blight was first documented at the Bronx Zoo, the iconic tree is making a historic return to the same grounds where its devastating decline was first … Read more