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

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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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Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup
Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup

Nike beat market expectations on Tuesday, reporting $10.97 billion in revenue, over $130 million more than expected.

By Mia OsmonbekovJune 30, 2026
Stripe CEO Patrick Collison gestures with his hands as he speaks into a microphone before a congressional committee hearing.
Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle
By Camila Grigera NaónJune 30, 2026
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
By Catherina GioinoJune 30, 2026
green
France wearing green for the Statue of Liberty: inside the unusual interpretation of ‘national pride’ that makes World Cup jerseys
By Claire Rush and The Associated PressJune 28, 2026
Target worker stocks shelves
Target is starting to track employees’ unexcused lateness and absences with a points system—and if they rack up 12, they’re fired
By Emma BurleighJune 29, 2026
a
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
Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in
AIDell’s AI boom is real, but so is the profit margin hit nobody is pricing in
By Mia OsmonbekovJune 30, 2026
Young couple looking sad in front of a home with a for sale sign
Real EstateGen Z and millennials aren’t convinced the American Dream exists anymore: Only 40% of them can afford to buy a home
By Tristan BoveJune 30, 2026
Russian President Vladimir Putin
EconomyIt started with one viral influencer complaining about Russia’s economy. Now a record 60% of Russians are pessimistic about their country’s outlook
By Tristan BoveJune 30, 2026
Image of colored bar charts with one being pushed up.
NewslettersAI is minting billion-dollar companies faster than before
By Beatrice NolanJune 30, 2026
kean
PoliticsTom Kean discloses depression diagnosis behind 4-month absence from Congress: ‘until you experience it yourself, it is difficult to fully understand’
By Mike Catalini, Joey Cappelletti and The Associated PressJune 30, 2026
t
CommentaryNetflix could turn NBC into its biggest bet yet — and this time, the math actually works
By Jeffrey Sonnenfeld and Steven TianJune 30, 2026
A woman types into a kiosk at an airport.
Travel & Leisure‘You can expect prices to be high and stay high’: Domestic airfare is skyrocketing faster than international flight costs, despite using less jet fuel
By Sasha RogelbergJune 30, 2026
Young worker at desk
SuccessRemote-first fintech giant Revolut is making the office compulsory for new Gen Z grads—and they’ll earn flexibility like their peers after one year
By Emma BurleighJune 30, 2026
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20,000 Amazon workers in Spain set to walk out on Cyber Monday
Retail20,000 Amazon workers in Spain set to walk out on Cyber Monday
By ReutersNovember 21, 2023
  • Barbie’s friend, Ken, fails to get into the toy hall of fame despite recent movie stardom in which he was portrayed by Ryan Gosling
    RetailBarbie’s friend, Ken, fails to get into the toy hall of fame despite recent movie stardom in which he was portrayed by Ryan Gosling
    By The Associated PressNovember 10, 2023
Britain’s next government will need to raise taxes to tackle an aging population and a surge in borrowing costs
RetailBritain’s next government will need to raise taxes to tackle an aging population and a surge in borrowing costs
By ReutersNovember 20, 2023
person walking down a supermarket aisle of olive oil shelves
RetailShoplifting has become such a pain in Spain that supermarkets are locking up their olive oil supplies—and it’s working
By Prarthana PrakashNovember 20, 2023
Spotify partners with Google’s AI to offer better recommendations to its users
TechSpotify partners with Google’s AI to offer better recommendations to its users
By ReutersNovember 20, 2023
Retailers are reversing generous returns policies which cost a staggering $817 billion last year–but consumers still expect easy returns as they plan their holiday shopping
CommentaryRetailers are reversing generous returns policies which cost a staggering $817 billion last year–but consumers still expect easy returns as they plan their holiday shopping
By Heather Hoover-SalomonNovember 17, 2023
Chuck E Cheese is getting rid of its eerie animatronic bands—except in one location
RetailChuck E Cheese is getting rid of its eerie animatronic bands—except in one location
By Chris MorrisNovember 17, 2023
  • A customer at a self-service checkout kiosk at a Woolworths Group Ltd. grocery store in Sydney, Australia.
    RetailA grocery chain is removing self-checkout after realizing executives hate it as much as customers do: ‘We like to talk to people’
    By Steve MollmanNovember 10, 2023
Italy bans lab-grown meat and ‘tofu steak’ in a bid to protect prosciutto and the people who make it
RetailItaly bans lab-grown meat and ‘tofu steak’ in a bid to protect prosciutto and the people who make it
By Ryan HoggNovember 17, 2023
Black Friday deals line the aisles as shoppers look for bargains
RetailBlack Friday discounts emerge as a crucial avenue for consumers to stretch their budgets—but analysts are split on whether 2023 will bring booming sales
By Prarthana Prakash and Ryan HoggNovember 17, 2023
A Target employee stocking shelves
RetailTarget gains $9 billion in market cap despite falling sales last quarter, as Wall Street gets an up-close look at the health of the American consumer
By Paolo ConfinoNovember 16, 2023
Don’t listen to the gloomy headlines: A new generation of Bay Area innovators is about to soar
CommentaryDon’t listen to the gloomy headlines: A new generation of Bay Area innovators is about to soar
By Bob FisherNovember 16, 2023
Fishing
RetailYour seafood was probably produced by modern slaves, bombshell report on ‘widespread human rights crisis’ finds
By Joshua Goodman and The Associated PressNovember 16, 2023
  • Inflation means your grocery bill has skyrocketed ahead of Thanksgiving. Here’s how prices have changed—and why it’s so expensive
    FinanceInflation means your grocery bill has skyrocketed ahead of Thanksgiving. Here’s how prices have changed—and why it’s so expensive
    By Alice BarlowNovember 10, 2023
Walmart CEO says high inflation has ended and that shoppers may soon encounter the polar opposite in stores: deflation
RetailWalmart CEO says high inflation has ended and that shoppers may soon encounter the polar opposite in stores: deflation
By Jeannette Neumann, Brendan Case and BloombergNovember 16, 2023
Knockoff Coach and Louis Vuitton handbags
Retail2 men charged with trafficking $1 billion of counterfeit goods from a storage locker in New York City
By The Associated Press and Irina IvanovaNovember 16, 2023
person walking outside a burberry storefront
RetailBurberry joins LVMH and Gucci in the luxury slump as brand says it may miss its revenue target for the year
By Prarthana PrakashNovember 16, 2023
So many Americans are using Novo Nordisk’s blockbuster weight loss-aiding Ozempic that Germany may ban exports of the drug
RetailSo many Americans are using Novo Nordisk’s blockbuster weight loss-aiding Ozempic that Germany may ban exports of the drug
By Ryan HoggNovember 16, 2023
Thousands of Starbucks workers at over 200 U.S. stores are set to go on a one-day strike
SuccessThousands of Starbucks workers at over 200 U.S. stores are set to go on a one-day strike
By Dee-Ann Durbin and The Associated PressNovember 16, 2023
Xi/Biden
RetailPanda diplomacy is back after Xi/Biden summit as China’s president learned many ‘were really reluctant to say goodbye to the pandas’
By Didi Tang and The Associated PressNovember 16, 2023
Chili’s is bringing its ‘baby back baby back baby back’ jingle… well, back
RetailChili’s is bringing its ‘baby back baby back baby back’ jingle… well, back
By Chris MorrisNovember 15, 2023
After summer splurges, consumers are cutting back — sending retail sales falling for the first time in 6 months
RetailAfter summer splurges, consumers are cutting back — sending retail sales falling for the first time in 6 months
By Anne D'Innocenzio, Christopher Rugaber and The Associated PressNovember 15, 2023
Giorgio Armani plans to control his fashion empire even in death with a succession plan that details everything from style to IPOs and mergers
RetailGiorgio Armani plans to control his fashion empire even in death with a succession plan that details everything from style to IPOs and mergers
By Ryan HoggNovember 15, 2023
PEOPLE WALKING ON A STREET, MCDONALDS RESTAURANT AT THE CORNER
RetailMcDonald’s received 400 workers complaints, including over harassment and bullying, in the last 4 months—and its U.K. boss calls some ‘truly horrific’
By Prarthana PrakashNovember 15, 2023
It’s not an AI hallucination—San Francisco streets are suddenly clean
NewslettersIt’s not an AI hallucination—San Francisco streets are suddenly clean
By Kylie RobisonNovember 14, 2023
McDonald’s tests the popularity of its characters with $75 Grimace, Hamburglar Crocs
RetailMcDonald’s tests the popularity of its characters with $75 Grimace, Hamburglar Crocs
By Chris MorrisNovember 14, 2023
Avon survived on door-to-door sales for 137 years. Now, it’s opening its first U.K. stores because its customers have given up being at home
RetailAvon survived on door-to-door sales for 137 years. Now, it’s opening its first U.K. stores because its customers have given up being at home
By Ryan HoggNovember 14, 2023
Stellantis offers buyouts and early retirement to 6,400 U.S. nonunion workers as the auto industry hits turbulence
SuccessStellantis offers buyouts and early retirement to 6,400 U.S. nonunion workers as the auto industry hits turbulence
By The Associated PressNovember 13, 2023
Coca-Cola risks being unseated as the highest-valued beverage company after a dominant 17-year run at the top, analyst says
RetailCoca-Cola risks being unseated as the highest-valued beverage company after a dominant 17-year run at the top, analyst says
By Katrina Compoli and BloombergNovember 13, 2023
a box of wegovy injectables
RetailScientists have discovered a new benefit to Novo Nordisk’s weight-loss drug Wegovy: It can cut heart-related deaths by 20%, drugmaker reports
By Prarthana PrakashNovember 13, 2023
PERSON THROWING A BUCKET OF GRAPES INTO A LARGER CONTAINER
RetailBritish Champagne? The U.K.’s wine industry is an unlikely winner as its European peers reel from extreme weather
By Prarthana PrakashNovember 12, 2023
Joe Biden
EnvironmentBidenomics is actually the unholy offspring of Trumpism and big government, and it’s a disaster, says ‘money doctor’ Steve Hanke
By Shawn TullyNovember 11, 2023
Recession in the USA
FinanceRecession? What recession? The unlikely factors shaping America’s economic landscape
By Christiaan HetznerNovember 11, 2023
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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
Success
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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