Google cofounder Larry Page buys private island for $32 million
From Fortune: Google co-founder Larry Page has purchased another private island, this time in Puerto Rico. In 2018, Page bought
Category: Finance
Warren Buffett–praised Ferrari nears $100B market value
From Fortune: Warren Buffett, known for avoiding automakers, expressed confidence in Ferrari. The luxury sports car manufacturer reported a 34%
Elon Musk hates Delaware now. Here’s why millions of businesses love it
From Fortune: Elon Musk is threatening to move Tesla’s state of incorporation from Delaware to Texas after a judge voided
WeightWatchers’ worst month ever—a stark reversal of 2023—wipes out obesity-drug gains
From Time Magazine: WW International Inc. stock tumbled 57% in January, the worst month for the company since it announced
CD Rates Are Falling. Is Now a Good Time to Buy CDs?
From Time: Payouts from certificates of deposit are anticipated to decrease later this year in light of expected interest rate
Once-unstoppable consumers are finally tapping the brakes—and Adidas, Nike, and Puma are taking a beating from sinking sales
From Fortune: Adidas and other big shoe companies signal warnings of lower sales guidance. Analysts are concerned that consumer spending
Home Insurance Prices: 5 States With Biggest Cost Increases
From Time Magazine: Home insurance prices are increasing nationwide, with homeowners in states prone to natural disasters being hit hardest.
DeSantis to Disney: ‘Move on’ from appeal of free speech lawsuit
From Fortune: Disney has appealed a judge’s dismissal of its lawsuit over alleged free speech violations by Florida Gov. Ron
‘Financial sextortion’ of kids is escalating. What parents can do
From CNBC: Financial sextortion involving minors is on the rise, according to the FBI. The crime targets teens and tweens
What Is a Car Warranty?
From Time: Extended car warranties are legitimate products that can cover your vehicle for certain equipment breakdowns and mechanical failures.
Most American adults don’t have enough savings to pay an emergency $1,000 expense: Bankrate survey
From Fortune: A Bankrate survey found that more than half of American adults do not have sufficient savings to cover
U.S. companies say it’s harder to be profitable in China: AmCham China
From NBCUniversal: The American Chamber of Commerce in China released an annual survey showing 19% of U.S. companies reported higher
10 Best Tax Software of 2024
From Time magazine: The best tax software can help you file your federal and state tax returns free of charge,
Disney is clamping down on password sharing
From Fortune: Disney has updated its terms of agreement to prohibit password sharing effective March 14, following in the footsteps
This bond ETF will deliver a big return in 2024: VettaFi’s Rosenbluth
From “CNBC”: Long-term bond investments, such as the iShares 20-year Treasury ETF (TLT), are expected to perform well in 2023,
Are Adjustable-Rate Mortgages a Good Idea Right Now?
From Time: Experts say adjustable-rate mortgages (ARMs) are an attractive option due to high interest rates and potential future rate
Big Delta Amex credit card changes (improved companion certs, increased annual fees and more)
From Fortune: Six Delta airline credit cards have been revamped, now offering additional statement credits and benefits. The annual fees
Bank of England leaves policy unchanged, says interest rates are ‘under review’
From CNBC: The Bank of England has decided to keep interest rates steady at 5.25%, with a highly divided 6-3
Global cancer rates are expected to rise 77% to hit 35M by 2050, warns WHO
From fortune: Scientists predict cancer rates to nearly double in the next 25 years, affecting 35 million people by 2050.
Julius Baer hit by Signa exposure, announces CEO exit and job cuts
From CNBC: Swiss bank Julius Baer reported hefty net credit losses linked to its exposure to real estate group Signa
ByteDance CEO complains company risks mediocrity by missing AI wave
From Fortune: China’s tech royalty is shaking up in the e-commerce world. Upstarts like PDD Holdings and returning giants like
Deutsche Bank smashes profit estimates and boosts shareholder returns
From NBCUniversal: Deutsche Bank reported a net profit of 1.3 billion euros in the fourth quarter, beating analyst expectations. The
Taylor Swift vs. Super Bowl: Bank of America compares economic impact
From Fortune Media Group: 1. New report shows the economic impact of Taylor Swift’s Eras Tour rivals that of the
Mastercard launches GPT-like AI model to help banks detect fraud
From NBCUniversal: Mastercard has developed a proprietary AI model, Decision Intelligence Pro, to help banks detect and stop fraudulent transactions.
Meta CEO Mark Zuckerberg apologizes about child safety at Senate hearing
From Fortune Magazine: Meta CEO Mark Zuckerberg was questioned by a Senate Judiciary Committee regarding child safety policies. During the