Author: Editor

View of the Golden Gate Bridge from Marin CountyVicki Jauron, Babylon And Beyond Photography | Moment | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The ranks of the world’s billionaires hit a record 3,795 people in 2025 as the artificial intelligence boom turbocharged wealth creation across the globe, according to a recent report published by Altrata. That finding marks an 8.2% uptick in billionaire headcount, the largest annual jump in five years, per the wealth…

Adtech company The Trade Desk is downsizing.In a note late Thursday, The Trade Desk CEO Jeff Green informed staff it was laying off 15% of its head count.In the announcement, which was also published on The Trade Desk’s news site, The Current, Green said the aim was to restructure the company into “smaller pods and smaller scrums, but with greater focus.”The company said in a February financial filing that it had 3,843 full-time employees as of December 31, 2025, meaning the restructure is estimated to affect more than 500 staffers.The news comes on the heels of the company reporting disappointing…

Across America, people are gearing up for Labor Day weekend. Gatherings are being planned, yards are being mowed, and grills are being cleaned.This is all a setup for the main event: the meat being thrown on those grills. No backyard shindig is complete without some beef burgers. (Apologies to my vegetarian readers.)But beneath the veneer of your perfect barbecue is a host whose wallet is hurting. Beef is ultra-expensive these days, but who would they be to disappoint those craving burgers?If you’re one of those hosts and looking for someone to blame, don’t point your spatula at the meatpackers. They’re…

Jai Lott, 41, began working in the coffee industry as a teenager in Australia before moving to the US and joining the coffee chain Bluestone Lane. He later became Blank Street’s first employee. After recently leaving Blank Street to move back to Australia, Lott reflected on some of the things he learned while helping grow the coffee chain, which now has more than 100 locations globally. The following has been edited for brevity and clarity.In my career, I’ve been responsible for as many mistakes as good moves. The good moves, they 100x the bad ones, and the bad ones were…

This as-told-to essay is based on a conversation with Brandon Pedersen, a 41-year-old senior principal engineer at GoTo, based in the Salt Lake City area. The following has been edited for length and clarity.As a senior principal engineer at GoTo, where I started working in 2013, I’m the technical lead of an AI enablement team responsible for maintaining AI platforms, creating new tools that help people do their jobs, and providing training and consulting support across the company.On any given day, I could be helping train a team to write better AI prompts or automating parts of their workflow through…

The Big Apple is getting more unequal: A new report from New York City Comptroller Mark Levine found that income inequality worsened in the city from 2019 to 2024.That’s not entirely unexpected. The country’s financial capital has long had a wealth gap between its Wall Street bigwigs and everyday workers, and over the past few years, millionaires have flocked back into the city, as lower earners have migrated out.But the New York metro area’s lowest earners haven’t taken a pay cut: Wage and salary inequality only very slightly increased during that same period, part of a national trend. Pay grew…

This as-told-to essay is based on a conversation with Tolgay Karabulut, the 43-year-old founder of BaklavaStory, a baklava bakery in San Francisco. It has been edited for length and clarity.I’ve been running a baklava bakery, the thing I’m most passionate about, for the last five years. But the financial pressure I’m facing in San Francisco makes me question whether I can continue doing this forever.I moved to the United States from Turkey in 2005, when I was 21, to work as a lifeguard at a water park in New Jersey. During that time, I visited California for a month. I…

There are easier ways to impress people than spending years trying to keep a company alive, says Paul Graham.”If you want to seem cool, like starting a startup is just about the least efficient way to do it,” Graham, the cofounder of Y Combinator, said in an interview with the accelerator that was released on Thursday. “It’s brutally hard, and you won’t seem cool for years.”Graham is one of YC’s four founders and a prolific startup sage whose 2024 “founder mode” essay quickly entered the Silicon Valley zeitgeist. Launched in 2005, YC has backed some of best-known tech companies, including…

Geopolitical turmoil is pushing central banks to think harder about where they keep their gold reserves.On Wednesday, the Netherlands central bank said it had reallocated about 86 metric tons of gold from New York and Ottawa to London between March and August, “in view of increasing geopolitical unrest” and to improve its crisis preparedness.London now holds 32.1% of the Netherlands’ gold reserves, up from 18.1%, making it the largest overseas storage location for Dutch gold. New York’s share fell from 31.3% to 18.5%, while Ottawa’s slipped from 19.7% to 18.5%.”With this relocation, we have improved the tradability of our gold…

Voters at a polling place last month in Shelby, Michigan. The U.S. has not ever attempted to create a comprehensive list of American citizens before this administration and maintaining voter lists is the responsibility of states — not the federal government as the Constitution dictates that states control elections. Scott Olson/Getty Images hide caption toggle caption Scott Olson/Getty Images Sign up for alerts on breaking news and exclusive reporting from NPR. The Trump administration is taking steps to advance a mysterious and unprecedented project to compile state-by-state lists of people it has decided are eligible citizens over the age of…