Author: Editor

A 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. Microsoft co-founder Bill Gates announced one week ago that he would give away “virtually all” of his wealth over the next 20 years through his namesake philanthropy. At the end of 2045, the Gates Foundation will close its doors after disbursing all its assets. Gates estimated that the sum would exceed $200 billion, including his wealth and the foundation’s endowment of $77.2 billion as of the…

Bombas founder David Heath is stepping down from his role as CEO as the socks and T-shirt company looks to expand beyond its direct-to-consumer roots.Bombas President Jason LaRose, a former Under Armour and Equinox executive, will take over as the company’s next CEO effective Thursday. Heath said he realized it was necessary for a retail veteran to lead the company through its next phase of growth.”We’ve reached a size and scale that is beyond my expertise. I didn’t come from a big apparel company before … I found myself more so over the last 18 months saying, ‘I don’t know…

Good morning. You’re reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today’s top stories Today, the Supreme Court hears historic arguments as the Trump administration tries to challenge the constitutional provision that guarantees automatic citizenship to all babies born in the U.S. The Constitution’s 14th Amendment says, in part, that all persons born in the United States are citizens of the country. On day one of President Trump’s second term, he issued an executive order barring citizenship for children born in…

You may think that coding languages are static, just a string of letters and numbers for humans to communicate with machines and software. But Herb Sutter, a tech leader at Citadel Securities, says otherwise.”All the major languages that are in heavy use are living languages,” Sutter told Business Insider. “That’s why we see C++, Rust, C, and Python continuing to evolve. Our landscape is always changing, and it’s important to stay abreast of those developments.”As a market maker, Citadel Securities needs to be ready to match buyers and sellers and provide liquidity to institutional and retail investors worldwide. The company…

A recent piece in The New York Times has been making the rounds among my friends. It outlines the struggles Gen Xers working in the creative fields face in the job market and how in the last few years, they’ve found that their skills are less valuable.”I’m 53,” writes one commenter on Reddit, “and I already pivoted from one career to the next, and now that’s looking dicey. I have a little kid. I’m soiling my pants.”I can relate. It’s been just over two years since I opened my email and read that I’d been let go from my 20-plus-year…

The U.S. Supreme Court hears oral arguments on May 15 in a case challenging an executive order President Trump signed in January to limit who is entitled to birthright citizenship. Win McNamee/Getty Images hide caption toggle caption Win McNamee/Getty Images The Supreme Court hears historic arguments on Thursday, as the Trump administration seeks to challenge the constitutional provision that guarantees automatic citizenship to all babies born in the United States. And yet, the arguments are likely to focus primarily on a different question entirely, a legal question on nationwide injunctions that could make it much more difficult and time-consuming to…

This latest rebrand is WBD’s clearest signal yet that it’s no longer trying to contend with Netflix and is instead prioritizing profitability.WBD content chief Casey Bloys said putting the HBO brand front and center “far better represents our current consumer proposition,” and positions its content as differentiated and valuable.HBO’s three letters stand for high-quality, prestige programming, said Dan Green, a professor and the director of entertainment industry management at Carnegie Mellon University.”It’s hard to get attention, and HBO Max — you know what you’re getting,” Green said.However, branding veteran Rosica said this move wasn’t necessary — and could backfire.Rosica said…

The US jobs market is almost never perfectly in balance. Even when things appear calm, there’s some movement under the surface. Just take a cursory look at a chart of the national unemployment rate — the line is almost always moving up or down. Rarely does the line move sideways.This truism is why I have some worries about the fairly sanguine view that the most powerful economic policymakers have toward the state of the labor market. Federal Reserve Chair Jerome Powell recently said: “The labor market appears to be broadly in balance.” Yes, unemployment remains low on a historical basis,…

One of the nation’s largest social safety net programs could see major changes as President Donald Trump looks to fund his agenda. And it’s most popular in red states.With a majority in Congress and support from the West Wing, GOP leaders are set to decide the future funding for a slew of federal programs, including food stamps. House Republicans have proposed at least $230 billion in cuts to federal nutrition programs like the Supplemental Nutrition Assistance Program — which nearly 42 million Americans rely on to afford food — over the next decade.The most significant policy change the House Agriculture…

People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesWalmart will report its quarterly earnings before the bell on Thursday, as investors and economists gauge the strength of the U.S. consumer and the impact of higher tariffs on the retail industry.Here’s what Wall Street is expecting for the fiscal first quarter, according to a survey of analysts by LSEG:Earnings per share: 58 centsRevenue: $165.88 billionWalmart has advantages that could help it weather an uncertain economy. As the nation’s largest grocer, it sells food and necessities that drive steadier store and website…