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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
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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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A smiling woman wearing an Amazon jacket
CommentaryAmazon’s $26 billion delivery business runs on exhausted, sweat-soaked drivers running door to door. Now we’re on strike
By Cecilia PorterNovember 2, 2023
  • Adidas shares soar after booming Yeezy sales lead it to boost profit expectations again
    FinanceAdidas shares soar after booming Yeezy sales lead it to boost profit expectations again
    By Tim Loh and BloombergOctober 18, 2023
Toyota recalls nearly 2 million RAV4 SUVs due to fire danger from batteries when subjected to forceful turns
RetailToyota recalls nearly 2 million RAV4 SUVs due to fire danger from batteries when subjected to forceful turns
By The Associated PressNovember 1, 2023
The alleged crime epidemic in places like San Francisco causing stores to flee may actually just be bad management, investment bank suggests
RetailThe alleged crime epidemic in places like San Francisco causing stores to flee may actually just be bad management, investment bank suggests
By Irina IvanovaNovember 1, 2023
Woman badly burned by cooking spray that ‘exploded into a fireball’ is awarded $7.1 million in damages
RetailWoman badly burned by cooking spray that ‘exploded into a fireball’ is awarded $7.1 million in damages
By Claire Savage and The Associated PressNovember 1, 2023
Walmart plans to have two Black Friday sales this holiday season
RetailWalmart plans to have two Black Friday sales this holiday season
By Chris MorrisNovember 1, 2023
Europe’s richest millennial is $615m richer after first payout from his family’s Red Bull fortune
SuccessEurope’s richest millennial is $615m richer after first payout from his family’s Red Bull fortune
By Marton Eder and BloombergNovember 1, 2023
  • The average American shopper will drop $1,652 worth of holiday cheer this year, Deloitte predicts
    RetailThe average American shopper will drop $1,652 worth of holiday cheer this year, Deloitte predicts
    By Chris MorrisOctober 17, 2023
Automakers are on the hook for $1 billion in higher wages annually after the recent worker strike and will likely try to raise car prices to pay for it
RetailAutomakers are on the hook for $1 billion in higher wages annually after the recent worker strike and will likely try to raise car prices to pay for it
By Tom Krisher and The Associated PressOctober 31, 2023
picture of Jacob Aarup-Andersen
RetailEuropean brewing giant’s CEO on Russia stealing its flagship beer business: ‘A very, very sad and unfortunate turn of events’
By Prarthana PrakashOctober 31, 2023
Airbnb cofounder Joe Gebbia raises $41 million for his startup building small, pre-fabricated houses that spun out of Airbnb in 2022
TechAirbnb cofounder Joe Gebbia raises $41 million for his startup building small, pre-fabricated houses that spun out of Airbnb in 2022
By Alexei OreskovicOctober 30, 2023
Shawn Fain
SuccessThe UAW just won a huge raise to $40 per hour from Ford and Stellantis, says Detroit-based labor expert
By Marick Masters and The ConversationOctober 29, 2023
Mike Jeffries
RetailFormer Abercrombie & Fitch CEO accused of running a sex-trafficking organization during his 22-year tenure
By Anne D'Innocenzio and The Associated PressOctober 28, 2023
  • Rite Aid
    RetailRite Aid’s years of red ink and opioid losses prompt pharmacy giant to file for bankruptcy
    By Tom Murphy, Elaine Kurtenbach and The Associated PressOctober 17, 2023
Candy
RetailHalloween candy inflation is downright frightful—again. ‘The price of candy has gotten to be outrageous’
By Dee-Ann Durbin and The Associated PressOctober 28, 2023
Person shopping in the deodorant section of a market
LifestyleEmployees skipped out on personal hygiene when working from home. Now deodorant is the unlikely winner of return-to-office mandates
By Prarthana PrakashOctober 27, 2023
California Gov. Newsom is right. Truck drivers and autonomous trucks can thrive together–not just coexist
CommentaryCalifornia Gov. Newsom is right. Truck drivers and autonomous trucks can thrive together–not just coexist
By Jeff FarrahOctober 26, 2023
Barbie doll sales boom for Mattel after the namesake’s movie became a global blockbuster
RetailBarbie doll sales boom for Mattel after the namesake’s movie became a global blockbuster
By Thomas Buckley and BloombergOctober 25, 2023
Neiman Marcus CEO says a key to his success is a habit Gen Z has forgotten
SuccessNeiman Marcus CEO says a key to his success is a habit Gen Z has forgotten
By Paige HagyOctober 25, 2023
Half of Amazon’s warehouse workers are injured after just 3 years, according to study that revealed far more ‘injury and pain’ than previously known
RetailHalf of Amazon’s warehouse workers are injured after just 3 years, according to study that revealed far more ‘injury and pain’ than previously known
By Matt Day and BloombergOctober 25, 2023
Dunkin' drive-through
Retail70-year-old Georgia woman burned by Dunkin’ coffee settles with franchisee for $3 million
By Chris MorrisOctober 25, 2023
Domino's delivery
RetailDomino’s is giving away $1 million in free pizzas to people resuming student loan payments. Unfortunately, there are 44 million of them, owing $1.8 trillion
By Chris Morris and Alicia AdamczykOctober 25, 2023
people walking outside a Gucci showroom
RetailLuxury slump intensifies as shoppers buy less Balenciaga and Gucci, in latest sign of an end to the ‘roaring 20s’
By Prarthana PrakashOctober 25, 2023
Candy corn
Retail113-year-old candy corn giant owns nearly 90% of the market with 30 million pounds per year of a product that divides trick-or-treaters
By Leanne Italie and The Associated PressOctober 24, 2023
McDonald’s to offer ‘Free Fries Friday’ through the end of 2023
RetailMcDonald’s to offer ‘Free Fries Friday’ through the end of 2023
By Chris MorrisOctober 24, 2023
Baby brand founded by actors Kristen Bell and Dax Shepard files for bankruptcy after being torpedoed by high shipping and production costs
RetailBaby brand founded by actors Kristen Bell and Dax Shepard files for bankruptcy after being torpedoed by high shipping and production costs
By Amelia Pollard and BloombergOctober 23, 2023
Chick-fil-A settles class action suit over a secret 30% boost to delivery fees for $4.4 million, report says
RetailChick-fil-A settles class action suit over a secret 30% boost to delivery fees for $4.4 million, report says
By Chris MorrisOctober 23, 2023
Spider-Man figure posing
LifestyleThe comic where Spider-Man first appeared is on sale for $35K at this Milwaukee shop
By The Associated PressOctober 23, 2023
China’s birth rate crisis is so intense that Nestlé is closing a baby formula plant due to dwindling demand
RetailChina’s birth rate crisis is so intense that Nestlé is closing a baby formula plant due to dwindling demand
By Prarthana PrakashOctober 20, 2023
Skechers executives spent millions on corporate jets to vacation in Fiji and Bora Bora without the board trying to stop them, lawsuit says
RetailSkechers executives spent millions on corporate jets to vacation in Fiji and Bora Bora without the board trying to stop them, lawsuit says
By Jef Feeley and BloombergOctober 19, 2023
Macau is back as the world’s top gambling hub—and casino companies like Las Vegas Sands are starting to reap the rewards
RetailMacau is back as the world’s top gambling hub—and casino companies like Las Vegas Sands are starting to reap the rewards
By Lionel LimOctober 19, 2023
Starbucks sues union for using its name and logo in a pro-Palestine post—and Workers United sues it back
RetailStarbucks sues union for using its name and logo in a pro-Palestine post—and Workers United sues it back
By Dee-Ann Durbin and The Associated PressOctober 19, 2023
Window seat
RetailFor one airline, window seats are going to board first—even in economy
By Michelle Chapman and The Associated PressOctober 18, 2023
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Success
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
Success
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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