Author: arthursheikin@gmail.com

[ad_1] Adam Foroughi tends to eschew the typical trappings of a billionaire.He has one car, and would rather it were self-driving. He rarely appears on TV or conference stages. In his downtime, you’re more likely to find him at home with his five children than schmoozing on the slopes of Davos. People who know him point to his mild manner and lack of ego.His advertising technology company, AppLovin, is similarly unflashy. With an ad network that reaches around a billion daily users and a market cap more than twice that of Snap, Pinterest, and Reddit combined, it was the technology…

[ad_1] A Business Insider analysis of more than a decade’s worth of executive compensation data suggests that some corporate leaders could be enriching themselves by timing market-moving announcements around scheduled stock options grant dates.Stock options give an employee the right to buy company shares at a fixed “strike” price, normally set on the day the option is awarded, and sell them later at market value. Stock options are designed to be an incentive to improve company performance — the bigger the gap between the strike price and the eventual market sale price, the bigger the payday.After the options backdating scandal…

[ad_1] Quiet on set, people!” said Brock Pierce, the former child actor who grew up to be a prominent cryptocurrency entrepreneur. A hundred or so people sat in various states of conversation and intoxication at a Las Vegas Maggiano’s that DNA Fund, a Pierce-founded venture, had rented out for several days during the official Bitcoin 2025 Conference last week.We had just heard a bizarre speech from New York City’s mayor, Eric Adams, who said Pierce and his colleagues in crypto were “pioneers” like Betsy Ross, who became a historical icon for stitching the first American flag featuring stars and stripes.”So…

[ad_1] Lose Angeles CNN  —  Part of the massive domestic policy bill currently moving through Congress known as the “Big Beautiful Bill,” includes an unprecedented $5 billion national school voucher program. Republicans have long advocated for so-called school choice, but critics have labeled the initiative a tax cut for the wealthy. Sending public dollars to private schools has long been the subject of partisan divide and controversy. It has many powerful advocates, most notably former Education Secretary Betsy DeVos, who served under Trump during his first term. And it has fierce critics, particularly on the left. But congressional Republicans’ proposal,…

[ad_1] CNN  —  The Trump administration’s statements and actions aimed at curtailing the number of international students in the US have sent a chill of uncertainty through higher education institutions. These American schools have become more reliant on the higher tuition paid by international students as state and federal support has waned. Now, their financial viability could be shaken. That could have a negative impact on US-born students seeking a college education, and economists and researchers warn that the ripple effects could extend well beyond the lawns of college campuses: A drop-off in international students could reverberate through the US…

[ad_1] CNN  —  Even with new tariffs on imported cars and car parts, American car buyers paid slightly less in May for new vehicles. Data from Edmunds.com on Thursday showed that the the average price paid for new cars edged down 0.2% to $48,334 last month compared to April. The dip came despite higher prices from automakers: The average new-car sticker price automakers requested rose 0.2% last month, to $50,527. The prices are good news for buyers worried that tariffs would put vehicles out of reach, especially with car prices near record highs already. But it could also signal weaker…

[ad_1] Amid a dramatic falling out between Donald Trump and his “first buddy,” Elon Musk, some of the business world’s most influential voices are weighing in.The relationship between the president and his once-close ally imploded on Thursday as they clashed publicly over Trump’s “Big Beautiful Bill.”Musk, who stepped down from his role at DOGE in May, took to X to criticize the bill, calling it the “Debt Slavery Bill” and the “Big Ugly Spending Bill.”In response, Trump fired back at Musk during a White House event. He also defended the bill on Truth Social, while threatening to cancel Musk’s government contracts.Musk saw…

[ad_1] New York CNN  —  Elon Musk’s decision to go all in on Donald Trump never made much sense. His scorched-earth approach to breaking up with Trump is even harder to square. As a close Trump ally, Musk’s actions inevitably affected Tesla – the biggest piece of his business empire and the maker of one of the most visible and expensive items that Americans can purchase: electric vehicles. First, Musk turned off Tesla’s core customers, Democrats on the coasts, by pouring money and using his influence to help Trump return to the White House. Then he took a chainsaw to…

[ad_1] CNN  —  The government’s May jobs report, slated for release at 8:30 a.m. ET Friday, could reveal the first signs of the impact on American workers of President Donald Trump’s harsh on-again, off-again tariff policy. The consensus forecast is for the US economy to have added 130,000 jobs, slowing from a stronger-than-expected 177,000 gain in April, and for the unemployment rate to hold at 4.2% for the third consecutive month, according to FactSet estimates. “The labor market is good, but it’s not exceptional, and we’re in the process of putting some real strain on the economy,” Claudia Sahm, New…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Man Group, the world’s largest listed hedge fund manager, has ordered its London-based quants to temporarily return to the office five days a week amid a period of poor performance. Man AHL, the firm’s flagship systematic investing arm, has told staff that it now expects daily attendance at the office from its team. The change applies to about 150 people in London — just under 10 per cent of the overall group’s 1,700 employees globally — and covers a three-month period from…