Investing

A former Savage X Fenty executive will replace Martin Waters at Victoria’s Secret.

Bequests to philanthropic organisations are expected to double over the next decade, growing from $1.3 billion in 2024 to $2.6 billion in 2034. Inheritance to family, friends and charity is expected to reach $5.4 trillion by 2044 according to JBWere.

The case against Google follows a string of antitrust suits targeting tech giants, including Meta and Apple.

Australian venture capital firm OneVentures, headed up by Michelle Deaker, has just launched its seventh fund, targeting $200 million.

Now worth $2.8 billion, Groq thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for AI from scratch.

The Reserve Bank of Australia is expected to keep rates on hold at 4.35% when it meets this afternoon after softer-than-expected inflation data and a share market bloodbath.

The price of Bitcoin hit its lowest mark since February, reversing months of gains.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.

Christian Angermayer is seemingly behind every flashy investment of the last decade. With boundless bravado and a roster of famous friends—including Peter Thiel, Uma Thurman, and the president of Rwanda—he’s getting ready to launch an Olympiad for athletes on steroids.