economy

A California man with access to his retired parents' financial accounts transferred $100,000 from his mother's account without her knowledge to invest in bitcoin and gave them used cars in return.

Buffett converted 8,239 class A shares of Berkshire Hathaway into 12.35 million class B shares out of which, 9.4 million were given away to the Gates Foundation while the remaining were donated to family foundations.

Robert Herjavec followed Mark Cuban's advice on selling businesses to postpone a $100 million sale in 2021, which enabled him to close the deal four years later at a significantly higher price.

Étienne Breton aggressively bought the Palantir stock since 2020. He now owns close to 20,000 shares worth over $2.5 million.

Nvidia's market cap reached $3.7 trillion as the stock price reached an all-time high. The rally boosted the value of Jensen Huang's 4% stake in the company to $135 billion.

Around 31% or 5.8 million of US student loan borrowers with outstanding debt are in late-stage delinquency, and over 80% of them could reach a default status by September, facing risks of wage garnishment and credit score declines.

Amendments to the Social Security Act decades ago ensured that the retirement age rises by two-month increments annually, and it reached 67 for those turning 65 in 2026 and after.

The Social Security Board of Trustees said in an annual report that Social Security Trust Funds, comprising Old-Age and Survivors Insurance and Disability Insurance, will have revenue to pay all scheduled benefits only until 2034, which is one year earlier than previous projections.

Donald Trump's deputy chief of staff, Stephen Miller, known for shaping the administration's stringent immigration policies, owns up to a $250,000 stake in Immigration and Customs Enforcement contractor Palantir Technologies, per a recent disclosure.

US Congress member Marjorie Taylor Greene purchased shares of Adobe, Netflix, Snowflake, ServiceNow, NextEra Energy, and Gilead Sciences on 6th June.

The Social Security Administration will stop issuing paper cheques starting 30th September to reduce fraud and misplacement while improving cost savings and overall operational efficiency.

Regecell BioScience Holding shares jumped 49,637% in the past six months on seemingly no news. The company develops traditional Chinese medicines to treat ADHD.

Global central banks continue to withdraw US Treasuries from the New York Federal Reserve since Trump's tariff play in late March. This trend could force the Treasury to hike yields to attract bond buyers, which could drive up borrowing costs.

Regencell Bioscience Holding stock continues its blistering rally despite recording no profits from its traditional herbal medicines to treat ADHD since going public in 2021.

Reddit shares soared to over 8% on Tuesday after the company unveiled multiple AI tools to help marketers scale their businesses.

A 234-page US Office of Government Ethics revealed that Trump generates hundreds of millions of dollars from his golf ventures, resorts, stocks and bonds investments, licensing fees, and royalties.

US President Donald Trump made over $57 million from his cryptocurrency ventures, raking in millions from meme coin launches and licensing fees.

The major escalation in the Middle East dragged down futures tied to the Dow Jones Industrial Average by 504 points, while S&P 500 futures and Nasdaq 100 futures declined by 1.25% and 1.35%, respectively.

Shark Tank star and entrepreneur Kevin O'Leary believes spending habits is the root cause why most Americans are unable to save for the future.

Ark Invest, in collaboration with consulting firm Mach33, forecast that SpaceX could reach an enterprise value of $2.5 trillion by 2030 as it works to complete its Starlink constellation and ramps Optimus robots production for efficiencies.

A recent period transaction report revealed that US Defense Secretary Pete Hegseth sold up to $550,000 worth of blue-chip stocks nine days before Trump's tariffs announcements, which led to a market crash.

Billionaire investor Steve Cohen invested over $100 million in two biopharma stocks, one of which has rallied over 90% in the past one month.

Cathie Wood recently said in a podcast that she would pick Tesla if she had only one choice to invest in a stock. She maintains her Tesla stock price target of $2,600 in five years.

Cathie Wood aggressively sold shares of Adaptive Biotechnologies, Veracyte, and Archer Aviation on 31st May, according to a 6th June filing with the SEC.

Tesla shares were up 5.2% during premarket hours on Friday after Elon Musk said he is open to a 'cool off' period with Donald Trump following a public feud over a tax bill.

US President Donald Trump's tax cut bill could increase the federal deficit by trillions of dollars and strip 11 million Americans of health insurance coverage, primarily Medicaid, through 2034.

The Social Security administration updated that 91% of the eligible millions of Americans have received retroactive payments and/or monthly benefit hikes under the new Social Security Fairness Act.

Michael Saylor's Strategy announced plans to raise $250 million via an IPO to purchase more bitcoin right after buying 705 tokens worth $75 million.

Investors are piling cash into short-term US T-bills with stable yields as market jitters driven by tariffs and federal deficits affect the long end outlook.

Michael Saylor believes bitcoin is digital capital and maybe the most explosive idea of the era, and financing options adopted by GameStop and Trump Media to buy BTC could create short-term downward pressure.