A few business leaders who have made Forbes' "30 Under 30" lists in the past now find themselves on a new one — the "Hall of Shame," Hope writes.
The media group leaned into the criticism its lists have drawn in recent years, publishing this new category of dishonor to acknowledge some of its regrettable decisions.
Among those: FTX co-founder Sam Bankman-Fried and "pharma bro" Martin Shkreli.
— Mark Cuban, in an email to NBC News as speculation of a 2024 presidential bid resurfaced after he said he was leaving "Shark Tank" after next season and is selling a majority stake in the Dallas Mavericks.
The UAW is launching a campaign to organize 13 non-unionized automakers as it bids to extend its momentum from a strike against the Detroit Three manufacturers.
Why it matters: After securing record contracts with the Detroit Three automakers, UAW president Shawn Fain promised to organize other American automotive operations.
Investors and analysts are growing confident that the Fed will enter rate-cutting mode relatively soon — with many now betting on a policy pivot in the first half of 2024.
Why it matters: After months in which Fed officials have preached the importance of keeping rates higher for longer to ensure inflation is truly vanquished, market sentiment has abruptly turned in the other direction.
Fresh data released Wednesday shows U.S. economic growth in the third quarter was even better than previously thought: Gross domestic product increased at a 5.2% annualized rate, the Commerce Department said.
Why it matters: The data, from the July to September period, is the latest indicator pointing to a booming economy that continues to defy gloomy warnings of a slowdown.
Evidence is stacking up showing Americans are saving less and drawing down their existing savings cushions.
The latest: The shareof adults who say they can cover six months of expenses using their savings is considerably lower than it was last year, according to polling from Morning Consult.
The dollar is down big this month, putting in its worst performance in a year.
Why it matters: The decline in the greenback — as measured by the U.S. dollar index — is a reflection of growing certainty in financial markets that the Federal Reserve has basically vanquished inflation and will start to cut short-term rates in 2024.
The Tesla Cybertruck is finally ready to hit the road, boasting a degree of unconventionality that's both its selling point and its Achilles' heel.
Why it matters: The Cybertruck is the first brand-new Tesla model in three years — and it's the company's first-ever crack at the lucrative American pickup market.
Investment giant Charlie Munger, known as second-in-command to Warren Buffett at Berkshire Hathaway, has died. He was 99.
The big picture: Berkshire Hathaway, where Munger was vice chairman, said in a statement that "he peacefully died this morning at a California hospital."
Two top Federal Reserve officials have intriguing speeches out Tuesday morning. One expresses optimism about how the economy is evolving while the other is much more cautious.
Driving the news: Fed governor Christopher Waller is feeling good about growth, made apparent by the title of his talk Tuesday morning: "Something Appears to Be Giving."
Millions of Americans are doing casual work while not counting as employed for the purposes of the government's official statistics, based on new research that sheds light on the true prevalence of informal gig work.
Why it matters: If more Americans are open to working than is implied by traditional economic data, the job market may be less tight than it seems — with more people open to opportunities for higher-paying, more stable work.
Your boss would probably rather you didn't know this, but workers have a lot of leverage right now.
Why it matters: From highly paid AI engineers to teachers, delivery drivers and autoworkers, employees are getting what they want — thanks in part to a very tight labor market.
It's Giving Tuesday. For most of us, that means it's the day when an astonishing number of charities send us emails asking for money. But the mission of Giving Tuesday, the organization, is much bigger than that.
Why it matters: Not all of us have spare cash to give — but all of us can be a bit more generous.
