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[ad_1] Updated 2025-07-04T13:32:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. President Franklin D. Roosevelt maintained a lifelong connection with Springwood, his family home. He was raised at the property in Hyde Park, New York, and hosted dignitaries there as president. Measuring about 21,000 square feet, Springwood has 49 rooms and eight bathrooms. President Franklin D. Roosevelt’s estate in Hyde Park,…

[ad_1] Bill Gates lost about $52 billion or 30% of his wealth on Thursday. But don’t feel bad — his net worth was simply recalculated to reflect the Microsoft cofounder’s charitable giving.The recalculation shrank Gates’ fortune from over $175 billion to $124 billion, sending him from fifth place to 12th on the Bloomberg Billionaires Index. His former assistant and successor as Microsoft’s CEO, Steve Ballmer, replaced him in the fifth spot with a $172 billion net worth as of Thursday’s close.Gates also trails Alphabet cofounders Larry Page and Sergey Brin, Nvidia CEO Jensen Huang, and longtime friend and Berkshire Hathaway…

[ad_1] Buying a home this year? You’ll be spending an even bigger chunk of your paycheck.Data from Realtor.com shows that the median-priced home in May was $440,000. To afford a home at that price, the company found the typical American household would need to spend 44.6% of its income, far above the 30% that experts generally recommend for housing costs.(Realtor.com based its income calculation on a scenario in which a buyer purchases a median-priced home ($440,000 as of May) in the US with a 20% down payment, has a 6.82% mortgage rate, based on Freddie Mac’s May 2025 average, and…

[ad_1] Mark Cuban said artificial intelligence could make “just one dude in a basement” the world’s first trillionaire.The 66-year-old billionaire said in a recent episode of the “High Performance” podcast that we haven’t yet seen “best, or the craziest” that AI can achieve.”It’s just the very beginning, right, you know, we’re still in the preseason,” Cuban said, adding that, as it becomes more advanced, we’ll find more ways to make our lives better and more interesting.”Not only do I think it’ll create a trillionaire, but it could be just one dude in the basement. That’s how crazy it could be,”…

[ad_1] The European Union on Friday said it will stick to its timeline for implementing its landmark AI legislation, in response to a concerted effort by over a hundred tech companies to delay the bloc’s AI rules, Reuters reported. Tech companies from across the world, including giants like Alphabet, Meta, Mistral AI and ASML have been urging the European Commission to delay rolling out the AI Act, saying it will hurt Europe’s chances to compete in the fast-evolving AI arena. “I’ve seen, indeed, a lot of reporting, a lot of letters and a lot of things being said on the…

[ad_1] John Davi, founder and CEO of investment management company Astoria Portfolio Advisors, has one overriding piece of advice for investors heading into the second half of the year: “Re-risk your portfolio.” The stock market has made a sharp turnaround from its early April lows, when fears over tariffs and their effect on inflation and the econony were at their highest. The S & P 500 was down 15% year-to-date on April 8, but is now up roughly 6.7% for the year as investors have regained confidence in the outlook for the economy , strong corporate profits and AI technology.…

[ad_1] Marc Andreesen believes America is at a profound turning point — and it can either lead the next industrial revolution powered by AI, or fall behind in a world dominated by “Chinese robots.”In a conversation at the Reagan Library’s Economic Forum on Thursday, the billionaire venture capitalist and Andreesen Horowitz cofounder argued that the path to future growth lies not in nostalgia for old factory jobs but in reindustrializing America around next-generation manufacturing, especially in robotics.”I think there’s a plausible argument — which Elon also believes — that robotics is going to be the biggest industry in the history…

[ad_1] Rosy second-quarter earnings could give NXP Semiconductors more room to rally, according to UBS. The firm stood by its previous buy rating on the Dutch chip designer and manufacturer in a Wednesday note, but raised its price target to $276 per share from $250. UBS’ forecast calls for about 19% upside from Thursday’s $232.10 close. Analyst Francois-Xavier Bouvignies said that he expects NXP to report solid second-quarter results and issue an upbeat third-quarter forecast, which will result in consensus earnings estimates rising by 5% to 10% for the full year. “We expect this to be largely driven by the…

[ad_1] From the battlefield to the halls of Congress, a shake-up is underway that will change how armed forces around the world prepare for conflict and engage with adversaries. June began with a wake-up call about how versatile and effective drones could be in warfare. After 18 months of planning, Ukraine successfully smuggled containers armed with drones inside Russia’s borders and inflicted damage on aircraft parked at five far-flung air bases. The daring “Operation Spiderweb” proved how efficient these relatively low-cost defense technologies can be, and offered an eye-opening example of new threats that exist. President Donald Trump has since…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The big news this morning is that India’s financial regulator has banned Jane Street from the country’s markets for a “sinister scheme” to manipulate Indian stocks and derivatives.The Securities and Exchange Board of India allege that the US trading firm made $550mn of illegal gains from these strategies, which it is now wants back before the ban will be lifted. As MainFT reported: The Securities and Exchange Board of India said its decision to limit Jane Street’s access to India’s securities…