Author: Editor

Ask Rick Woldenberg why he’s challenging President Donald Trump’s tariffs at the U.S. Supreme Court, and he might mention a furry unicorn yoga ball.Woldenberg, who runs two educational-toy businesses near Chicago, says the BubblePlush Yoga Ball Buddies, designed to help kids control their emotions, has been hit especially hard by Trump’s fluctuating global tariffs.The BubblePlush, which also comes as a penguin or puppy, was slated to be made in China. But when Trump jacked up tariff rates to 145% on imports from that country in April, Woldenberg’s team scrambled to shift production to India, only to see Trump reduce the…

Davide Campari-Milano NV shares fell after Italian prosecutors on Friday ordered the seizure of around €1.3 billion ($1.5 billion) in shares from the holding company that controls the drinks maker. Shares of Campari fell as much as 6% in early trading in Milan on Monday, the most on an intraday basis since April.The investigation focuses on Luxembourg-based holding company Lagfin SCA’s alleged failure to pay exit tax on about €5.3 billion of capital gains generated when it absorbed an Italian subsidiary that held Campari’s controlling stake. Prosecutors say the reorganization effectively shifted the group’s management and tax base overseas, triggering the…

On a Thursday afternoon this spring, a few dozen well-heeled travelers descended via helicopter to the Rosewood San Miguel de Allende, a five-star hotel in central Mexico. Rooms at the hotel typically cost four figures a night.Over the course of the weekend, the group went horseback riding and tequila tasting; on the final night, they enjoyed a private fireworks display.All of it was complimentary — except the flights, which cost anywhere from $7,000 to $23,000 an hour for clients of Flexjet, a fractional ownership company that is sort of like a (very expensive and very fancy) timeshare for private aviation.The…

Billionaire Izzy Englander has sold a chunk of his hedge fund giant Millennium Management to investors.Millennium, one of the largest and most successful hedge funds in the world, told employees in a memo on Monday that it had completed a deal to sell 15% of the firm to investors, according to a copy of the memo seen by Business Insider.The sale of a roughly $2 billion equity stake in the fund values Millennium at about $14 billion, according to a person with knowledge of the deal who wasn’t authorized to share the information.A Millennium spokesman declined to comment.”We are pleased…

When I tell people where I live, they say, “That must be amazing!”As I look out our window at stunning mountain sunsets or put on my pack for a hike on the nearby trails, I totally agree.After all, we’d always dreamed of leaving the Denver suburbs to live in the so-called Heart of the Rockies — an area we’d visited for vacation many times over the years.We craved hiking trails within walking distance, a short drive to ski slopes instead of a multihour traffic battle, and a slower-paced lifestyle.So, in 2017, as my husband neared retirement, and I confirmed my…

Huggies, manufactured by Kimberly-Clark and Band-Aid, manufactured by Kenvue.Getty ImagesKimberly-Clark announced Monday it’s struck an agreement to buy Kenvue in a deal valued at $48.7 billion that would create a consumer staples giant.The deal is a combination of cash and stock. Shares of Kenvue surged 20% in premarket trading Monday, while shares of Kimberly-Clark plunged 14%.The combined company would bring together brands like Huggies and Kleenex with the likes of Band-Aid and Tylenol. It would include 10 billion-dollar brands, the companies said in a news release. The acquisition would be one of the largest on Wall Street this year. The…

Relationship guru Esther Perel is bringing her advice to Substack.The psychotherapist, podcaster, and author is launching a newsletter called Entre Nous on Monday, at a moment when modern relationships can be defined by dating apps, ghosting, and even AI companions.Entre Nous, which in French means “between us,” will feature Perel’s insights on intimacy and conflict resolution through columns, podcasts, and livestreams.Most of the content on Perel’s Substack is free. Subscribers who pay $9 a month, or $90 a year, get access to chat features, plus perks like ad-free podcast episodes and behind-the-scenes content.Perel joins a stream of content creators —…

For the Bank of America, President Donald Trump’s levies have boosted consumer inflation, and there’s no uncertainty about that.”We think there’s no debate — tariffs have pushed consumer prices higher,” analysts, including Aditya Bhave, managing director and senior US economist at the research unit of the banking giant, wrote in a note on October 31.Since Trump unveiled his “Liberation Day” tariffs on April 2, while some trade deals have been negotiated with partners, such as the UK and the European Union, rates on other countries, like China and Canada, have remained elevated.Trump argued that tariffs would rebalance the trade deficit…

This as-told-to essay is based on a conversation with Akeshi Akinseye, a luxury event planner and the author of “The Art of Celebrating: Inspiration and Ideas for Meaningful Gatherings.” It has been edited for length and clarity.My first real love for events came when I planned my own wedding back in 2012. I didn’t have formal training in event planning, but I knew what I wanted: thoughtful details, great food, and little surprises for guests.When I started planning events for other people, I was always drawn to a particular aesthetic: sophisticated, intentional, and service-driven. Over time, I naturally found my…

Larry Summers said the best part of President Donald Trump’s first meeting in six years with China’s leader, Xi Jinping, was that it didn’t end in chaos.In a Friday interview with Bloomberg, the former US Treasury secretary spoke about Thursday’s meeting between the two leaders in South Korea. The gathering resulted in a tariff truce, agreements on agriculture and rare earth minerals, and cooperation on fentanyl.”I think the most important thing is what didn’t happen,” Summers said to Bloomberg. “This situation didn’t spiral out of control into massive confrontation and economic conflict.””It was managed in a way that avoided what…