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It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
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Gold Rush News
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Soar Financially
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TheStreet’s Remy Blaire brings you the biggest news of the day, including what investors are watching and why Apple is laying off more than 600 employees.
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Gold Rush News
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Power Publishing
⏲ 1 minute 38 seconds 👁 232
In October 2023, Taylor Swift accomplished a feat no other musician had before: she became a billionaire primarily off of earnings from her music and performances. Three months later, Forbes named television tycoon Dick Wolf a billionaire, too, thanks to his estimated $1.9 billion (pretax) career earnings from producing shows like Law & Order and FBI.<br/><br/>The two entertainers bring even more star power to the Forbes World’s Billionaires list, which has seen an explosion in celebrity billionaires in recent years. Ten of the 14 A-listers on the ranking have become billionaires in the past four years, spurred by entertainers capitalizing on their brand and fame.<br/><br/>Most on this list have made their billions from their own entrepreneurship and ventures outside of their claim to fame. Pop star Rihanna, for example, built her fortune mainly from her stake in two billion-dollar companies, makeup brand Fenty Beauty, a joint venture with luxury giant LVMH, and lingerie maker Savage X Fenty. Jay-Z became hip hop's first billionaire thanks to two alcohol companies, D’Usse Cognac and Armand de Brignac Champagne. He sold a 50% stake in the latter to LVMH, and he also has stakes in Uber and Block, among other investments. Michael Jordan earned less than $100 million from his basketball career, but pocketed big bucks from Nike. Jordan had his biggest score in August, when he sold his majority stake in the Charlotte Hornets at a sky-high $3 billion valuation.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-worlds-celebrity-billionaires-2024-taylor-swift-kim-kardashian-oprah/?sh=32680c87276b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Mining Stock Monkey
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More Perfect Union
⏲ 14 minutes 14 seconds 👁 7.6K
Billionaire British investor Joe Lewis, 87, dodged prison time for insider trading charges in Manhattan federal court. Lewis admitted to giving tips to his ex-girlfriend and pilots that they used to make over $500,000 in illegal profits. Prosecutors said Lewis' advanced age and health issues, including tremors and needing eye surgery, put him at risk in prison. The judge agreed incarceration could seriously endanger Lewis' health and life due to his frailty at age 87.
⏲ 0:37 👁 31.3M
Future is Space
⏲ 12 minutes 54 seconds 👁 1.9K
CNN
⏲ 6 minutes 51 seconds 👁 39.6K
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