Author: Editor

A version of this article 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.Larry Ellison built the world’s second-largest fortune by holding on to his Oracle shares over nearly five decades of ups and downs. At the same time, he’s spent billions to fund his philanthropy, vast real estate holdings, sports investments and his son’s fast-growing media empire.How does he manage to spend so much while selling so little?A close look at the Oracle chairman’s finances and shareholdings reveals a fortune built on…

Darden Restaurants on Thursday reported mixed quarterly results, as Olive Garden and LongHorn Steakhouse helped offset weakness in its fine-dining business.The company also raised its full-year forecast for revenue growth, although it only reiterated its projections for its earnings. Shares of the company fell more than 9% in morning trading.Here’s what the company reported for the quarter ended Aug. 24 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.97 adjusted vs. $2 expectedRevenue: $3.04 billion, in line with expectationsDarden reported fiscal first-quarter net income of $257.8 million, or $2.19 per share, up…

American Express platinum business card.Courtesy: American ExpressAmerican Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country’s high spenders.The company said that consumer and business versions of its refreshed Platinum card now carry an $895 annual fee, about 29% higher than the current fee of $695.But consumers can now tap $3,500 in annual benefits, according to American Express, mostly in the form of credits offsetting purchases made on the card, more than twice the previous level.The perks include credits at Uber, Lululemon, Oura, the restaurant booking platform Resy, and enhanced hotel and streaming…

Ruth Jones, immunization nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center in Miami, Florida, on May 29, 2025.Joe Raedle | Getty ImagesCovid shot access and coverage in the U.S. hang in the balance as an influential government vaccine panel hand-picked by Health and Human Services Secretary Robert F. Kennedy Jr. convenes this week in Atlanta. The panel, called the Advisory Committee on Immunization Practices, or ACIP, is scheduled to vote on recommendations for Covid jabs and childhood immunizations for hepatitis B and measles, mumps, rubella, and varicella, or MMRV. Kennedy has gutted and restacked that…

This as-told-to essay is based on a conversation with Daniel Medved, 33, a senior product marketing manager at a tech company in Seattle. It has been edited for length and clarity.I’m a one-man band raising my three little ones.My mornings start at 6:30 a.m., unless one of my kids comes to my room before I’m up. Those early hours are filled with getting them dressed, brushing hair, brushing teeth, and applying sunscreen in the summer.I raise my three kids here in Seattle. My oldest two daughters are in school, while my son is still in preschool until next year.Each morning…

NEW YORK – Hyundai Motor is increasing its revenue expectations for this year, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit margin for 2025.The new targets call for an operating profit margin this year of between 6% and 7%, down from 7% to 8%, and an increase in revenue of between 5% and 6% — up 2 percentage points — compared with 175.2 trillion South Korean won (US$12.7 billion) in 2024.The South Korean automaker revised its financial targets Thursday ahead of a CEO investor day in New York City. It will be the first time…

For the fourth time in the past two years, Gucci has a new boss.Kering announced on Wednesday that Francesca Bellettini, former CEO of Saint Laurent, was appointed as Gucci’s president and chief executive. According to the press release, she will report to Kering’s newly appointed CEO, Luca de Meo.De Meo said in the release that Bellettini was “one of the most seasoned and respected professionals” in the industry, and her leadership would “restore the brand to its rightful place.”Bellettini is a company insider who has worked in numerous roles within Kering since 2003. Before joining Kering, she worked as an investment…

World Cup ticket sales are chaos. People are up in arms about FIFA using dynamic pricing. The lottery system to determine who even gets a chance to buy tickets is crazy-making. And if you buy tickets from a platform other than the event organizers, there’s no guarantee they actually exist. It’s called speculative ticketing, and it’s the live event industry’s dirty little secret.The way speculative ticketing works is that sellers list tickets on secondary platforms such as StubHub, SeatGeek, and Vivid Seats that they don’t actually have in their possession. In fact, speculative tickets can wind up listed online before…

2025-09-18T08:18:51Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Hollywood celebrities are voicing support for Jimmy Kimmel after his show got pulled by ABC. ABC suspended the show over Kimmel’s comments on the killing of Charlie Kirk in a Monday episode. Reactions from celebrities, including Ben Stiller, Wanda Sykes, and Jean Smart, have poured in. Hollywood is rallying…

“Do you want me to set your hands on fire?”Normally, my answer to that question would be no. But I decided to put my faith in the hands of Joslyn Pischke, a 15-year-old sophomore at Upton High School in Wyoming.I rolled up my sleeves and wet my hands and arms up to my elbows as Pischke added dish soap to a small tub of water. At Pischke’s direction, I scooped up some bubbles and held them in my hands.”Don’t freak out,” Pischke told me, and then she set the bubbles on fire.To my own surprise, I didn’t freak out as…