Finance
Worker Wages Still Trail Inflation Four Years Later Key Takeaways * Despite recent wage growth outpacing inflation for over a year, American workers remain behind in real purchasing power compared to January 2021, with prices rising 22.7% while wages increased only 21.5% * The wage-inflation gap disproportionately impacts Black workers,
Finance
Key Takeaways * Current and former OpenAI employees are negotiating to sell approximately $6 billion in shares to SoftBank, Thrive Capital, and Dragoneer Investment Group at a $500 billion valuation * The transaction represents a significant jump from OpenAI's current $300 billion valuation established earlier this year * Only employees with
Finance
Key Takeaways Gemini has made public its filing for a US initial public offering, confirming plans to list on Nasdaq under the ticker GEMI, positioning itself as the third major cryptocurrency exchange to enter public markets after Coinbase and Bullish. The company reported a net loss of $282.5 million
Sports
Key Takeaways The Big Ten has proposed a massive College Football Playoff expansion to 24 or 28 teams, eliminating conference championship games and offering significantly more automatic bids to power conferences. In the 28-team model, the Big Ten and SEC would each receive seven automatic bids, while the ACC and
Sports
Key Takeaways * The NBA board of governors unanimously approved the sale of the Boston Celtics to a group led by private equity mogul Bill Chisholm for $6.1 billion, setting a record for the most expensive American professional sports franchise * Chisholm, managing partner at Symphony Technology Group, will acquire at
Sports
Key Takeaways * Chelsea allocates £11.4 million bonus pool — Each squad member receives approximately £350,000 ($470,000) for their Club World Cup triumph over Paris Saint-Germain * Total prize money reaches £84.7 million — Chelsea earned the highest payout in club football history from FIFA's expanded 32-team tournament
Sports
Carolina Hurricanes owner Tom Dundon has reached a tentative agreement to purchase the Portland Trail Blazers for $4.25 billion, showcasing strategic sports investment principles for executive leaders.
Finance
The elimination of the de minimis exception will significantly impact all Uristocrats—from executive leaders to cultural influencers. Understanding these changes is crucial for personal finance, business strategy, and lifestyle planning.
culture
FoundnWell breaks new ground by offering free, culturally competent mental health services specifically for minority entrepreneurs, addressing the reality that 81% of minority founders report mental health challenges.
Finance
Key Takeaways * President Trump signed an executive order Thursday allowing 401(k) investors to access cryptocurrencies, private equity, real estate, and other alternative assets previously restricted to wealthy investors * The order directs the Labor Department to reevaluate fiduciary guidance within six months and instructs the SEC to revise regulations facilitating
Finance
Why Credit Matters More Than Ever Your credit score isn't just a number—it's your financial passport. Whether you're looking to buy your first home, start a business, or simply get better rates on loans and credit cards, a strong credit profile opens doors
Finance
A shift is happening in the mortgage industry that could open doors for millions of prospective homebuyers who've been shut out of the traditional lending system. The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac can now accept loans evaluated using VantageScore 4.