Caroline Ellison jailed after testifying against ex-boyfriend Sam Bankman-Fried
Though the judge said he’d “never seen” a cooperator as strong as Ellison, she was “not inviolable” and Bankman-Fried had her “Kryptonite,”
Derek Saul, Forbes Staff
Trump says he likely won’t run again in 2028 if he loses to Harris
Trump would be 82 years old on Election Day 2028, a year older than Joe Biden is today.
Nike stock runs to best day of 2024 as Wall Street reacts to CEO change
One analyst said the “highly anticipated leadership change will inject a much-needed sense of urgency” to Nike, whose share price remains down 50% from its 2021 peak.
Biggest rate cut stock winners: Apple, Nvidia rally $250 billion
A rally from the “magnificent seven” tech stocks perhaps predictably fueled the rally, but this surprise name was the S&P 500’s biggest gainer Thursday.
Apple’s $100 billion drop sends stock to 5-week low as iPhone demand questions linger
One analyst estimated iPhone preorders fell 13% annually during the first weekend of preorders.
Oracle rally briefly propels Larry Ellison to world’s second-richest
Now occupying the top two of Forbes’ billionaires list are self-described “very close friends” Elon Musk and Larry Ellison.
Apple’s AI iPhone 16: Apple stock slumps during long-awaited event
The “first iPhones designed from the ground up” for AI were introduced Monday.
What is unrealised capital gains tax? Unpacking Kamala Harris-backed proposal on ultra wealthy
It’s “one of the worst tax ideas floating around,” the Trump administration’s top financial regulator said Tuesday, though the controversial policy would only affect a tiny fraction of the U.S. population.
Netflix stock hits record high—First since 2021—after ads, password crackdown
Netflix’s recovery came as other media empires flailed, with shares of Disney, Paramount and Warner Bros. Discovery each more than 50% below their 2021 peaks.
Magnificent 7 sheds over $1 trillion as Apple, Nvidia stocks head to worst days since 2020
Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.