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The world's 10 richest people in 2016 had a combined net worth of under $600 billion — less than Elon Musk is worth today

Alphabet cofounders Sergey Brin (left) and Larry Page (middle), and Amazon founder Jeff Bezos. Lionel Hahn/Getty Images/Elijah Nouvelage/Remo Casilli/REUTERS The world's richest people have seen their...

Jan 16Business InsidereconomicsImpact

WeatherTech founder might be the newest US consumer protection official

President Donald Trump made an unconventional pick for his nomination to the Federal Trade Commission: WeatherTech founder and CEO David MacNeil. MacNeil founded the company, which makes weather-resis...

Jan 13The VergePoliticsImpact

Trump "does not appear to give regard to US softpower" as he addresses economic leaders

US President Donald Trump gave a long-awaited speech at the World Economic Forum in Davos on the US economy, while addressing Greenland, NATO and lambasting US allies. He said he does not want to use ...

2dFrance 24PoliticsImpact

Donald Trump to address World Economic Forum in Davos

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloa...

2dSouth China Morning PostPoliticsImpact

How ICE chaos and a boycott plan are turning Minnesota retailers into community spaces

Community donations at Smitten Kitten (left and right), and BabyBel Mozzarella the cat (middle), are supporting Minnesotans. Mikayla Stanek (Smitten Kitten); Vanessa Beardsley (Catzen) January is typi...

1dBusiness InsidersocietyImpact

From potential Treasury Secretary to a $5 billion lawsuit: Trump and Jamie Dimon's on-again, off-again relationship

A composite image of Jamie Dimon (left) and Donald Trump (right). Tom Williams/CQ-Roll Call, Inc via Getty Images and Harun Ozalp/Anadolu via Getty Images JPMorgan CEO Jamie Dimon and Donald Trump hav...

1dBusiness InsiderPoliticsImpact

Goldman Sachs hands David Solomon a $47 million pay package for 2025, surpassing JPMorgan's Jamie Dimon

David Solomon is the CEO of Goldman Sachs. Stefano Guidi/Getty Images Goldman Sachs announced 2025 compensation for CEO David Solomon on Friday. The bank will award him $47 million for 2025, up from $...

15hBusiness InsidereconomicsImpact

Jeremy Grantham Says AI Is Indeed a Classic Market Bubble

For more than four decades, Jeremy Grantham has been one of the most contrarian voices in global investing. The co-founder of Boston-based asset manager GMO, he built his reputation warning about bubb...

5dBloombergeconomicsImpact

‘No reliable evidence’ Taipan bakery chain can settle debts: Hong Kong judge

A Hong Kong judge has said his decision to order the winding-up of bakery chain Taipan’s parent company is due to there being “no reliable evidence” that the business can settle its outstanding rent o...

3dSouth China Morning Posteconomics

Wall Streeters reveal their favorite AI tools and what they use them for

ANGELA WEISS / AFP via Getty Images Wall Street professionals say AI chatbots are not ready to replace core finance work. Finance leaders use AI for tasks such as summarizing books and presentations a...

2dBusiness InsiderTechnologyImpact

Powell criminal probe upends Trump's search for a new Fed chair

White House economic advisor Kevin Hassett (left) and former Fed Gov. Kevin Warsh are leading prediction market odds for the likehood of becoming President Donald Trump's pick to lead the Federal Rese...

Jan 13Business InsiderPoliticsImpact

'Bond King' Bill Gross says the record stock rally is at risk of stalling — and tells us what could keep the party going

Bill Gross Mary Hurlbut/Stu News Laguna Bill Gross says the record stock rally needs fresh support to sustain its momentum. "Valuation casts a shadow over markets in 2026," the bond billionair...

1dBusiness InsidereconomicsImpact

Will AI replace human jobs and make universal basic income necessary? Here's what AI leaders have said about UBI.

Universal basic income provides recurring cash payments, no strings attached. Wong Yu Liang AI advances could widen wealth gaps, which has prompted calls for a universal basic income . UBI offers recu...

5dBusiness InsiderTechnology

FedEx's CEO explains why regular humanoid robots can't get the job done in its warehouses

FedEx CEO Raj Subramaniam said regular humanoid robots aren't sufficient for his warehouses. AP Photo/Eric Risberg FedEx's CEO said regular humanoid robots won't make the cut for work at his warehouse...

5dBusiness InsiderTechnologyImpact

Young TikTokers are reframing bankruptcy as a financial hack. Experts say it's far more complicated.

More than 533,000 people filed for bankruptcy last year. Boy_Anupong/Getty Images Personal bankruptcy filings are on the rise in the US. Some young people have taken to TikTok, framing their bankruptc...

31mBusiness InsidereconomicsImpact

Bumble's chief product officer is out. Read CEO Whitney Wolfe Herd's memo about the 'need to sharpen our focus'

Bumble is restructuring to centralize its product, engineering, and design under one leader. As a result, chief product officer Michael Affronti has left the company after holding the role for a year....

2dBusiness InsiderTechnologyImpact

Martin Luther King Jr. was talking about a universal basic income before it was cool

Martin Luther King Jr. fought for both racial and economic equality. Michael Ochs Archives/Getty Images Martin Luther King Jr. fought for both racial and economic equality during his life. He argued f...

5dBusiness InsidereconomicsImpact

Citadel CEO Ken Griffin says Trump's tariffs have landed the US in a 'pretty unfortunate position'

Ken Griffin, CEO of Citadel. Fabrice COFFRINI / AFP via Getty Images Ken Griffin, CEO of Citadel, gave his two cents on Trump's key economic policies. Tariffs have led to higher inflation and disrupte...

2dBusiness InsiderPoliticsImpact

Meta is closing its VR workplace app amid Reality Labs layoffs

Meta has made the decision to discontinue Workrooms as a standalone app Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images Meta is switching off Horizon Workrooms as a stand-alone...

Jan 16Business InsiderTechnologyImpact

How tech titans prospered in the first year of Trump’s return to power

Silicon Valley bosses who lined up behind the US president for his inauguration have fared well under his administration...

4dFinancial TimesPoliticsImpact
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