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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Economy

Should you go to work during a heat wave? Your productivity suffers, and GDP tanks when it’s hot
Should you go to work during a heat wave? Your productivity suffers, and GDP tanks when it’s hot

Productivity peaks at around 22°C (72°F) and falls roughly 2% per degree above 25°C, reaching 8.9% below peak at 30°C.

By Catherina GioinoJune 30, 2026
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The central bank of central banks just released its flagship annual report — and it sees a $1 trillion AI investment boom headed for a reckoning
By Nick LichtenbergJune 29, 2026
This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time
This summer’s heat is a live stress test for data centers—here’s what it’s revealing in real time
By Tristan BoveJune 29, 2026
Photo: Kevin Warsh
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards
By Jim EdwardsJune 29, 2026
The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis
The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis
By Jason MaJune 29, 2026
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Atomic Industries CEO: America spent 60 years retreating from manufacturing. The next 100 are about building it back
By Aaron SlodovJune 29, 2026
Latest Stories
Brown University Professor Roberto Serrano, a man in a suit holding onto a gold trophy--the King Of Spain Economy Award"-- before Spain's King Felipe and a painted wall.
AI‘Humanity has chosen to become idiots’: This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
PoliticsU.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
By Jon Gambrell, Josh Boak and The Associated PressJune 29, 2026
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AIThe most reassuring argument about AI and jobs quietly explains why Gen Z can’t get one
By Nick LichtenbergJune 29, 2026
Lisa Cook and E. Jean Carroll win against Trump at the Supreme Court
NewslettersLisa Cook and E. Jean Carroll win against Trump at the Supreme Court
By Emma HinchliffeJune 29, 2026
Photo of Jim Farley
AIFord on why it hired 350 ‘gray beard’ engineers: you need their mentorship for younger workers — and to drive huge AI productivity gains
By Sasha RogelbergJune 29, 2026
‘Cop on your wrist’: Wearables offer tons of data, but people are still going to sleep to Netflix and TikTok
Health‘Cop on your wrist’: Wearables offer tons of data, but people are still going to sleep to Netflix and TikTok
By Amanda GerutJune 29, 2026
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LawSupreme Court to Alan Dershowitz: take a hike with your $300 million defamation suit against CNN
By Lindsay Whitehurst and The Associated PressJune 29, 2026
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PoliticsOne of Trump’s Supreme Court appointees just saved the late mail ballots he hates so much
By Mark Sherman and The Associated PressJune 29, 2026
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Real EstateHarvard’s housing report has a darker message than affordability—the middle-class home was always a historical accident
By Nick LichtenbergJune 29, 2026
  • Maybank Singapore CEO Alvin Lee looks to tap the silver economy and cross-border flows to grow his business
    BankingMaybank Singapore CEO Alvin Lee looks to tap the silver economy and cross-border flows to grow his business
    By Angelica AngJune 25, 2026
A former Fed colleague of Kevin Warsh on what to expect: ‘Plan for higher rates’
BankingA former Fed colleague of Kevin Warsh on what to expect: ‘Plan for higher rates’
By Catherina GioinoJune 29, 2026
Fed’s Barkin warns of high inflation, but sees signs of relief
EconomyFed’s Barkin warns of high inflation, but sees signs of relief
By Catarina Saraiva and BloombergJune 28, 2026
Social Security is headed for a day of reckoning, and Congress is running out of time to save boomers. Lawmakers are proposing some hard choices
EconomySocial Security is headed for a day of reckoning, and Congress is running out of time to save boomers. Lawmakers are proposing some hard choices
By Jason MaJune 28, 2026
Trump’s U-turn on Iran sanctions would unravel decades of curbs
EconomyTrump’s U-turn on Iran sanctions would unravel decades of curbs
By Daniel Flatley, Magdalena Del Valle, Jennifer A. Dlouhy, Jeff Mason and BloombergJune 28, 2026
family
CommentaryMore than 3 million college students are raising kids. Most won’t graduate
By Enyi OkebugwuJune 28, 2026
  • A Viking ship named Havhingsten af Glendalough - the Sea Stallion of Glendalough -, the world's largest replica of a Viking warship, sets out 01 JUly 2007 from the Viking Museum in Roskilde, Denmark, on a voyage to Dublin in Ireland, where it is scheduled to arrive 14 August.
    Europe1,000-year-old massive textile factory unearthed in Denmark—and it belonged to the Vikings
    By James Brooks and The Associated PressJune 24, 2026
The contrarian view for Fed rate cuts: Payrolls will weaken, inflation will plunge, and Kevin Warsh was ‘largely performative’ in his hawkishness
EconomyThe contrarian view for Fed rate cuts: Payrolls will weaken, inflation will plunge, and Kevin Warsh was ‘largely performative’ in his hawkishness
By Jason MaJune 27, 2026
Atlanta Fed chief selection delay gives Warsh a say
BankingAtlanta Fed chief selection delay gives Warsh a say
By Jonnelle Marte, Saleha Mohsin and BloombergJune 27, 2026
S&P keeps U.S. sovereign rating at AA+ with stable outlook
EconomyS&P keeps U.S. sovereign rating at AA+ with stable outlook
By Michael Mackenzie and BloombergJune 27, 2026
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AI‘It’s not going away’: The Stanford economist who called the AI entry-level jobs crisis early has the receipts
By Nick LichtenbergJune 27, 2026
One chart explains the economy’s terrible baby boomer hangover, Gen X’s invisibility, and millennial and Gen Z irrelevance
EconomyOne chart explains the economy’s terrible baby boomer hangover, Gen X’s invisibility, and millennial and Gen Z irrelevance
By Tristan BoveJune 26, 2026
  • Young couple standing in a brightly lit home
    Real EstateA big look at the state of housing in America: Boomers won’t sell, millennials can’t buy, and Gen Z gets to watch the whole thing sort itself out
    By Tristan BoveJune 24, 2026
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PoliticsNewsom calls for a national billionaires’ tax — just not the one his state’s voters are about to pass
By Jonathan J. Cooper and The Associated PressJune 26, 2026
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PoliticsAfter flirting with Gavin Newsom rollback idea, union is ‘all in’ on full billionaires’ tax for California
By Sophie Austin and The Associated PressJune 26, 2026
Current price of oil as of June 26, 2026
Personal FinanceCurrent price of oil as of June 26, 2026
By Joseph HostetlerJune 26, 2026
The New York Stock Exchange is seenduring morning trading on May 26, 2026 in New York City.
EconomyThe richest 20% are the only ones powering the U.S. economy, says top economist, but their prospects are entirely reliant on teetering stock prices
By Eleanor PringleJune 26, 2026
Photo: Sam Altman
Economy‘Memory supply crisis’: Wall Street triggers huge selloff in fear of looming chip shortages
By Jim EdwardsJune 26, 2026
Singapore grads battle low-paid trainee stigma to get hired
AsiaSingapore grads battle low-paid trainee stigma to get hired
By Gabrielle Ng and BloombergJune 26, 2026
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AIEveryone agrees that you hate AI, but only Mark Cuban sees why Silicon Valley is powerless to fix it
By Nick LichtenbergJune 26, 2026
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BankingAlan Greenspan said 3 years with Gerald Ford beat 18 at the Fed. His death at 100 raises the question: was he right?
By Simon Bowmaker, Paul Wachtel and The ConversationJune 26, 2026
suez
EconomyRay Dalio says the U.S. just had its ‘Suez moment’—and history says what comes next could end an empire
By Nick LichtenbergJune 26, 2026
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Real EstateCongress just passed the most significant housing bill in decades, so why won’t Trump sign it?
By Alex Veiga and The Associated PressJune 25, 2026
The bond market knows something about the $39 trillion national debt that Washington doesn’t
EconomyThe bond market knows something about the $39 trillion national debt that Washington doesn’t
By Eva RoytburgJune 25, 2026
President Donald Trump speaking at a rally in Pennsylvania on June 23, 2026.
EconomyTrump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging
By Tristan BoveJune 25, 2026
A man pumps his car with gas.
EconomyU.S. companies swallowed the oil shock. They’re not sure they can do it again
By Sasha RogelbergJune 25, 2026
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SuccessOne U.S. college is fixing tuition at just 10% of parental income: ‘We’re not hiding the cost of college behind secret formulas’
By Emma BurleighJune 25, 2026
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EconomyDeviled eggs, seltzer and a burger you can’t quit: The GLP-1 crowd is (halfway) reinventing the American BBQ
By Nick LichtenbergJune 25, 2026
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EnvironmentThe hottest day in French history was so bad the Louvre and Eiffel Tower had to close early
By Samuel Petrequin and The Associated PressJune 25, 2026
Current price of Bitcoin for June 25, 2026
Personal FinanceCurrent price of Bitcoin for June 25, 2026
By Joseph HostetlerJune 25, 2026
Current price of oil as of June 25, 2026
Personal FinanceCurrent price of oil as of June 25, 2026
By Joseph HostetlerJune 25, 2026
A college graduate in regalia rests his chin in his hand.
Future of WorkGen Z graduates are blaming AI for their unemployment woes when they should be looking somewhere else
By Sasha RogelbergJune 25, 2026
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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse placeplaceholder alt text
By Sydney LakeJune 29, 2026
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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearplaceholder alt text
By Sydney LakeJune 25, 2026
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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away fasterplaceholder alt text
By Preston ForeJune 27, 2026
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