The world’s richest have amassed an eye-watering stockpile of $15.1 trillion—and their heirs are set to take over a third of the global billionaire fortune in the coming decade. Women and Gen Xers are set to take home the largest slice of the pie. About 5,000 spouses and adult children will inherit $6.6 trillion of
In my 20s, I fell in love with my partner’s ambition. His dream was to own a restaurant, and I admired his willingness to reject a traditional 9-to-5 to build something of his own. He entered the industry as a teenager, worked his way up to general manager at a local restaurant by his mid-20s,
“Europe has been worrying about slowing growth since the start of this century,” Mario Draghi said in 2024. “Various strategies to raise rates have come and gone, but the trend has remained unchanged.” There is a tendency for gloom to descend when thinking about Europe’s economic and business prospects. In comparison with America, the Gulf
New Western training for Ukrainian troops on NATO soil isn’t taking in large numbers of soldiers, but is instead focusing on leaders and specialists who can spread what they learn throughout Ukraine’s military. The Norway-led Operation Legio trains Ukrainian soldiers with help from allies at a purpose-built camp in eastern Poland, called Camp Jomsborg. Rather than
ONE BIG THING White House delivered misleading stats on oil shipments from the Gulf You will be shocked to learn that a politician may have said something misleading. U.S. Energy Secretary Chris Wright raised eyebrows in energy markets Wednesday when he said more oil exports left the Middle East on Monday—between the Strait of Hormuz
The pros said “let the bond market speak.” But investors don’t like what it’s saying on Tuesday. After an unusual intervention by the Treasury Department in August did little to tamp down bond-market jitters, US Treasury yields are spiking again, but the latest sell-off isn’t confined to the US. A host of macroeconomic fears is
