Money

Goldman Sachs says we’re not in an AI bubble, and its young multimillionaire clientele are all-in on AI-energy investments and healthcare innovations thumbnail
The Business Economics

Goldman Sachs says we’re not in an AI bubble, and its young multimillionaire clientele are all-in on AI-energy investments and healthcare innovations

Last month, more than 100 young wealthy founders, inheritors, and industry leaders flew in from all around the world in the luxe mountain...

For Gen Z, quiet luxury is dead—they’re packing lunch at home while shelling out on conspicuous consumption thumbnail
The Business Economics

For Gen Z, quiet luxury is dead—they’re packing lunch at home while shelling out on conspicuous consumption

When economist Thorstein Veblen coined the term “conspicuous consumption” in 1899, he was describing a new kind of social display: one where people bought...

Billionaire Peter Thiel warns if you ‘proletarianize the young people,’ don’t be surprised they end up communist thumbnail
The Business Economics

Billionaire Peter Thiel warns if you ‘proletarianize the young people,’ don’t be surprised they end up communist

PayPal cofounder and Silicon Valley venture capitalist Peter Thiel doubled down on his worries about generational conflict and the future of capitalism after...

After selling his business for $532 million, this millennial says a life of leisure was surprisingly ‘boring’, so he’s choosing to  back to work thumbnail
The Business Economics

After selling his business for $532 million, this millennial says a life of leisure was surprisingly ‘boring’, so he’s choosing to back to work

This millennial has a message for anyone who thinks a million-dollar windfall—whether it’s from the sale of their business or the $124 trillion...

This CEO started his career pumping gas and cleaning windshields. He said it taught him the secret to climbing the ladder without stepping on others thumbnail
The Business Economics

This CEO started his career pumping gas and cleaning windshields. He said it taught him the secret to climbing the ladder without stepping on others

The battle for America’s fried chicken loyalty shows no signs of cooling. Yet amid the heat of the so-called “chicken wars,” Bojangles has...

UK invests £14m in new quantum projects to boost health, defence and transport innovation thumbnail
The Business Economics

UK invests £14m in new quantum projects to boost health, defence and transport innovation

The UK Government has announced more than £14 million in new funding to accelerate the commercial use of quantum technology across healthcare, defence,...

MPs urge Reeves to raise gambling taxes despite industry ‘scaremongering’ thumbnail
The Business Economics

MPs urge Reeves to raise gambling taxes despite industry ‘scaremongering’

MPs have urged the Chancellor, Rachel Reeves, to ignore “scaremongering” by gambling companies and push ahead with higher taxes on the most harmful...

Government recoups £74m from asylum accommodation firms amid criticism over ‘chaotic’ hotel contracts thumbnail
The Business Economics

Government recoups £74m from asylum accommodation firms amid criticism over ‘chaotic’ hotel contracts

The government has clawed back £74 million from private firms accused of making “excessive profits” under multi-billion-pound asylum accommodation contracts — a figure...

Rachel Reeves considers pay-per-mile tax on electric vehicles to plug £30bn fiscal gap thumbnail
The Business Economics

Rachel Reeves considers pay-per-mile tax on electric vehicles to plug £30bn fiscal gap

Rachel Reeves is considering a pay-per-mile tax on electric vehicles (EVs) as part of her forthcoming Budget, in a move that could raise...

Government still weighing changes to small company filing rules, says business minister thumbnail
The Business Economics

Government still weighing changes to small company filing rules, says business minister

The government is still reviewing plans to tighten reporting requirements for small and micro companies, with ministers yet to decide whether to press...