Republican efforts to reduce national gas prices in the weeks before Election Day were derailed in the Senate by infighting among GOP lawmakers and members of the administration who could not agree on how to ease consumers’ pain at the pump.
The divisions within the Senate Republican conference over how to lower gas and diesel prices — even if temporarily — were driven primarily by geographic differences.
Senators from oil-refining states shot down proposals from farm-state senators to ban the export of diesel or to loosen restrictions on the sale of E15 gasoline with higher ethanol content.
“You’re talking about regional politics, and it gets bogged down in the politics of energy, and the fiefdoms around it,” said Ron Bonjean, a GOP strategist and former Senate leadership aide.
There were divisions that went beyond geography, too.

#republican

Much of President Donald Trump's second term has focused on changes to the nation's capital.
But his ambitions to remake the physical architecture of the presidency transcend Washington: Trump wants to transform his West Palm Beach golf club into a presidential retreat modeled after Camp David.
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The plan calls for a parcel of the private club to be designated a permanent, official sanctuary for foreign leaders and future U.S. presidents, designed to host international summits and house presidents when they take vacations in Florida, according to a proposal presented to Palm Beach County officials by Trump International Golf Club's legal counsel. Future presidents would also be offered comped memberships to the Trump club.
"Just as Camp David, Windsor Castle, or the Elysee Palace are known worldwide, so too will the Presidential Golf Course in Palm Beach County," Harvey Oyer, a lawyer representing the Trump course, wrote to the Palm Beach County Board of County Commissioners in a letter last month. Oyer asked the county, which owns the property the course is on, to provide a piece of the land to the federal government, and he promised Trump would pay for the construction of a presidential residence and facilities on that land.

#Trump #county #golf #washington

Investors aren't exactly short on reasons to worry.
The Shiller cyclically adjusted price-to-earnings (CAPE) ratio, which measures stock prices against 10-year inflation-adjusted earnings, and the Buffett indicator, the ratio of stock prices to GDP, show that the S&P 500 (SNPINDEX: ^GSPC) is historically expensive. Leadership has been extraordinarily concentrated in megacap tech stocks. Inflation is well above 3%. Long-term Treasury yields are at multidecade highs. And beneath the surface of the major indexes, market breadth has weakened considerably.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ******* ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Any one of those could sound like a reason to prepare for the next market crash. But decades of stock market history suggest investors may be obsessing over the wrong things.
Instead of asking if and when stock prices will fall next, I'd ask a much simpler question: How long can you stay invested?

#earnings

What did Trump say about Los Angeles and San Diego at the rally?
How did California leaders respond to Trump's remarks?
What should I know about October Amazon Prime Big Deal Day?
Full Summary
A comment by President Donald Trump during a campaign rally in Nebraska on Monday sparked immediate backlash from California leaders after he appeared to suggest that the potential destruction of Los Angeles or San Diego would be "a small price to pay" amid tensions tied to the war with Iran.

#diego #rally #leaders

Next Generation Collective has teamed with The Kids Mental Health Foundation on an initiative to help young people in entertainment, music and the creator economy navigate growing up in the public eye. The initiative was launched Tuesday at Hollywood & Mind's inaugural summit at iHeartMedia in New York City.
Designed for young people, families and the professionals who support them, Next Generation Collective brings together clinical mental health expertise, entertainment industry leadership and lived experience to provide practical, expert-informed guidance on mental health, boundaries, pressure and the realities of working on set, performing, creating content and building a public profile at a young age. It will also serve as an additional resource for studios, productions, agencies, managers and platforms supporting young talent.
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#mental

New Generation Collective, a new initiative dedicated to helping young people in the entertainment, music and creator economy navigate growing up in the public eye, launched Tuesday. The initiative was announced during the inaugural summit for Hollywood & Mind in New York City. The Kids Mental Health Foundation, founded by Nationwide Children's Hospital, was also on hand at the summit to participate in the announcement.
The founding advisory board for the collective includes several entertainers and family members who have firsthand experience growing up in the public eye, including children's mental health advocate Angel Carter Conrad; the production company Artists for Artists; actor and singer Logan Henderson; actress and singer Isabela Merced; actor Kel Mitchell; actress and filmmaker Soleil Moon Frye; Carmela Wallace, mother of Juice WRLD and founder of Live Free 999; actor Hudson Yang; and actress and singer Breanna Yde. Additional members will be announced at a later date.
New Generation Collective was founded by Lilah Kojoori, a children's entertainment communications executive who departed her role as vice president of communications for Nickelodeon and Paramount+ Kids and Family last year. The organization draws on more than 20 years of experience working with young performers and their families.
Logo for the Next Generation Collective, founded by Lilah Kojoori. (Next Generation Collective)
The organization is designed to give young people, their families and the professionals who support them access to mental health experts through the Kids Mental Health Foundation. It also connects young performers with entertainment industry leaders who can offer guidance on mental health, boundaries and the realities of working on set, performing, creating content and building a public profile at a young age. The initiative will serve as an additional resource for studios, productions, agencies, managers and platforms supporting young talent

#mental

Christina Zhu, the head of Walmart's China business, remembers when Chinese shoppers did not have much choice.
As a child, she watched her parents wake up at 4:30 a.m. on Sundays to go to the wet market. "They had to haggle, and high-quality produce wasn't always guaranteed," Zhu, born in 1973, recalled at the Fortune Leaders Forum in Macau in September.
Today, Chinese shoppers are "probably the group with the most choices [in the world]," and they have become "the most demanding customers," she said.
Meeting those rising expectations has become the defining challenge for retailers in China, and Walmart has managed it better than most. It entered China in 1996 with a Supercenter and a Sam's Club in Shenzhen. Three decades later, the U.S. retailer is thriving in the world's second-largest economy even as other foreign brands struggle.
China represents 3% of Walmart's overall business, but it is growing, generating $24.6 billion in sales in its past fiscal year, a 19.3% jump. Sales grew 20.7% last quarter, faster than the 5.9% reported by the company as a whole.

#China

Wealthy baby boomers have spent decades building their fortunes—and the foundations, donor-advised funds, and giving traditions that come with them. But as the $124 trillion Great Wealth Transfer gets underway, a growing share of the older generation isn't so sure their kids will carry on tradition the way they hope.
Fewer than half of wealthy Americans (47%) believe the next generation is prepared to take on family philanthropic causes, down from 55% in 2024, according to research from Bank of America released last week. The share of parents who believe their children share their commitment to giving back fell even more sharply to 65% from 76%. The bank surveyed more than 1,430 wealthy individuals in the U.S. aged 21 or older with at least $3 million in investable ******* ets, excluding primary residence.
The confidence gap in philanthropy mirrors a broader anxiety wealth advisors have noticed about whether heirs are ready for any of it.
"This is a very real concern I'm hearing from ultra-affluent families right now," Tom Thiegs, managing director of leadership and legacy at Ascent Private Capital Management with U.S. Bank, told Fortune of parents' fears that wealth could dampen their children's drive. Trent Von Ahsen of Cedar Point Capital Partners also told Fortune his clients are leaning on mentorship and phased wealth transfers rather than lump-sum inheritances.
But the irony is younger donors are, by several of the study's measures, more engaged donors than older generations. Gen Z and millennial donors support an average of 12 charitable causes, compared with eight among wealth donors overall. They're also roughly twice as likely to use a donor-advised fund, and 87% say honoring their family's philanthropic tradition is important. Meanwhile, 86% say it's equally important to establish their own charitable identity.

#advised

Bruce Willis' beloved blended family is cautiously optimistic that some of the new treatments for dementia may help his situation, a source tells Examiner.
"They're all looking into everything and they are open-minded even about risky drugs and surgeries that are still in the clinical trials phase," reveals the source. "Anything Bruce might be remotely eligible for, they're inquiring about."
Wife Emma Heming Willis has become a fierce advocate for frontotemporal dementia awareness after Bruce, 71, received his devastating diagnosis in 2023, even launching the Emma & Bruce Willis Fund for Dementia Research and Caregiver support in March.
The Die Hard star shares daughters Mabel, 14, and Evelyn, 12, with the former model, 50, and daughters Rumer, 38, Scout, 35, and Tallulah, 32, with ex-wife Demi Moore.
"They're all still Bruce's biggest advocates and cheerleaders," says the source. "And they point to the idea that the Bruce they have always known is still in there somewhere, because they can see it in his eyes."

#wife

The annual gala recognizing the leaders, visionaries, and changemakers takes place on Nov. 9 in Los Angeles.
A who's who of Black trailblazers in the fields of business, entertainment, sports, media, music, STEM and community leadership have been named to EBONY's Power 100 list for 2026.
The full list, which was revealed on Monday (Oct. 5), honors the likes of Allen Media Group founder Byron Allen, author and professor Tayari Jones, JAŸ-Z, 50 Cent, Debbie Allen, Gracie's Corner voice actress Graceyn "Gracie" Hollingsworth, Quenlin Blackwell, iShowSpeed, Wisdom Kaye and more.
Since launching in 2012, the EBONY 100 has spotlighted numerous Black men, women, young adults and children who have reset what it means to dream, achieve, aspire and inspire, showcasing that Black genius evolves over generations and constantly endures.
"[The] EBONY Power 100 has always been more than a list; it is a cultural record of the people moving us forward," Eden Bridgeman, EBONY Media's CEO, said in a statement. "As EBONY continues to evolve, this franchise remains one of our most powerful platforms for recognizing the brilliance, leadership and creativity shaping our community and the world."

#ebony #black #community

Olivia Rodrigo has called out leaders at Cornell University over their handling of an alleged ****** ual ****** ault case.
Last month, a former student - known only as Jane Doe - filed a civil case in New York in which she claimed she was drugged, ****** aulted, and gang-raped by seven members of the Chi Phi fraternity in 2024.
The fraternity chapter was barred following the allegations but none of the individuals reported to be involved have faced criminal charges.
Taking to Instagram Stories on Sunday, Rodrigo issued a statement in which she expressed her concerns.
"Shame on Cornell and on every institution who protects rapists and abusers over women," she began.
The Drop Dead hitmaker went on to emphasise that she supports the woman who filed the case.

#case #cornell #filed #last

Nate Bargatze had barely four hours of sleep when he took the stage at the Ford Accelerate conference at Michigan Central Station in Detroit.
It was about 9 a.m. on Sept. 30 and the comedian was there to co-host the second-year of the event with Ford Motor Co. CEO Jim Farley. Bargatze is the new face in a Ford ad campaign touting the advantages that Ford vehicle owners get by using Ford's dealership service lanes rather than third-party service centers. Ford Accelerate is a gathering of hundreds of business and community leaders who discuss ways to get more people interested in skilled trades jobs, such as auto service technicians.
"I don't even know what time it is," Bargatze told the Detroit Free Press a couple of hours after he welcomed the crowd. His handler remarked that it wasn't yet noon. "It's not noon?! It could be four, five ... I don't know. We got in late last night because I had a show in Mississippi and then ... it was four hours sleep. But I feel great. It's been fun."
The ride for Bargatze, 47, has indeed been fun — and a lot of hard work.
He rose from humble roots in Old Hickory, Tennessee, a factory town about 15 miles northeast of Nashville known for its DuPont plant. He is the son of a professional magician and Bargatze worked as an appliance mover, a pizza delivery driver, a parking valet at Nashville International Airport and a water-meter reader before a buddy pushed him to try his dream of stand-up comedy.

#service

A portion of a major California highway has been renamed after Hollywood icon James Dean 71 years after he died in a fiery crash on the road while driving to a race in Salinas.
Caltrans officials were joined by representatives of the late star in the town of Cholame on Wednesday where a segment of Highway 46—which connects the coast with the Central Valley—officially became the James Dean Memorial Highway.
"Yesterday's ceremony marked 71 years since Dean's tragic crash, and local leaders, CHP, and community advocates came together with one message: safer roads save lives," the announcement read, referring to the designation near the site of Dean's fatal 1955 crash.
James Dean is shown in a scene from the film "East of Eden" in 1955. Courtesy Everett Collection
A 1950 Ford Tudor driven by Donald Turnupseed and James Dean's Porsche collided in a crash on Highway 41 in 1955. newsnationnow.com

#james

WASHINGTON (AP) — The FBI has released a classified report to its workforce examining what it says are chapters from the bureau's history "where this institution fell short," according to an internal message obtained Friday by The ***** ociated Press.
It was unclear what episodes from the FBI's past are chronicled in the new "Patel Report." But the document's existence is in keeping with Director Kash Patel's frequent criticism of the leaders who preceded him as well as with his determination to rid the FBI of agents and other employees he contends have politicized the bureau in the past. Patel's critics, however, accuse him of politicizing the FBI.
Though Patel pledged at his confirmation hearing last year that he would not look "backward," he has encouraged investigation of former senior officials and has presided over waves of terminations, including of employees who participated in years-old investigations of President Donald Trump, were photographed taking a knee during a 2020 racial justice protest and contributed to a disputed ***** ytical memo about Catholic extremism.
"The Patel Report looks backward because accountability demands it," says a memo to the workforce signed by the FBI's co-deputy directors, Christopher Raia and Andrew Bailey, that describes the document as marking the "closing of one chapter in our history and the beginning of another complete with a brighter future ahead."
Bailey announced his resignation earlier this week, and his last day is Friday. The FBI declined to comment on the report.

#Friday #workforce #employees #backward

Major League Baseball (MLB) leadership is no longer considering holding a game inside a national park, according to a letter commissioner Robert Manfred sent to officials in Teton county, Wyoming, on Thursday in what could be the league's biggest swing-and-a-miss off the diamond.
On 26 September, the Washington Post reported that MLB had reached out to the White House about staging a one-day game at Grand Teton national park in Wyoming. Teton county describes itself as a "a year-round resort community" and sits within the Jackson Hole valley. It's also a habitat for grizzly bears, osprey, bison and more.
News of MLB's outreach to the federal government quickly sparked concern about the impact that erecting a field and the infrastructure to hold spectators could have on the natural landscape and habitat of scores of wildlife that call the 310,000-acre (125,500-hectare) park home.
In the letter, Manfred noted that MLB had held games at places like the Fort Bragg military base in North Carolina and the nation's oldest Negro Leagues stadium in Birmingham, Alabama. He added that MLB staff had been doing their due diligence to see whether a game at Grand Teton was possible and to evaluate the potential environmental impact.
"Since the story was reported, it has become clear that the local community does not want us to continue Grand Teton national park as a potential site," Manfred wrote.

#park #national

Kerry Washington's husband Nnamdi Asomugha played alongside Jason Kelce on the Eagles for two seasons
The Scandal star bonded with Kylie Kelce over their Eagles WAG status
Washington said Asomugha praised Jason Kelce's maturity and leadership during his rookie year
WAGs — they're everywhere!
While Kylie Kelce is known for her passion for the Philadelphia Eagles and her marriage to retired center Jason Kelce, she recently learned that she is in the same "wives and girlfriends" club with Scandal star Kerry Washington.

#Eagles #star

Kurt Olsen was ****** igned to the so-called "grand conspiracy" probe in Florida.
Another top Trump loyalist tasked to help lead a controversial conspiracy probe targeting President Trump's political foes has resigned from the Justice Department, sources familiar with the matter confirmed to ABC News.
The resignation of Kurt Olsen, a 2020 election denier who was ****** igned to the so-called "grand conspiracy" probe in Southern Florida earlier this year, comes just weeks after Trump ally Joe diGenova similarly announced his departure after suggesting to the New York Post that he was being pressured by DOJ leadership to bring charges without supporting evidence.
Olsen had no prior prosecutorial experience and was deeply involved in litigation surrounding President Trump's efforts to challenge his 2020 election loss.
Olsen could not immediately be reached for comment. A DOJ spokesperson declined to comment to ABC News.

#conspiracy #president #assigned #called

President Trump gathered top artificial intelligence leaders in Washington on Tuesday and doubled down on his opposition to government intervention, suggesting that "self-regulation" is the answer to growing worries about the technology getting out of human control.
"There's a belief that there should be tremendous self-regulation," the president said after meeting with the ***** embled CEOs. "There was a lot of commonality in this room."
Trump said he and the CEOs signed a "morally binding" accord that would keep the companies in line through "self-policing and group policing."
Trump posted a copy of the accord to his Truth Social account with a one-page document that called for each participating company to implement four different measures to safeguard the technology and added that, later on, "it might make sense to codify these steps into laws or regulations."
Some executives on hand said the accord included commitments to a combination of technological controls to detect problems with new models, internal risk review efforts, external auditors, and other measures.

#accord #regulation

The Council on American-Islamic Relations (CAIR), antifa and the Muslim Brotherhood will be labeled domestic terrorist organizations under a new state law, after Florida leaders OK'd the designations at their Sept. 29 meeting.
These designations were in a 427-page packet submitted by the Florida Department of Law Enforcement for approval by Gov. Ron DeSantis and Florida Cabinet members: Attorney General James Uthmeier, Agriculture Commissioner Wilton Simpson and state Chief Financial Officer Blaise Ingoglia.
The packet also named numerous other groups labeled by the federal government as foreign terrorist organizations.
Although the Governor and Florida Cabinet approved these notices without any discussion, these designations don't come as a surprise. Weeks earlier, the governor and Cabinet approved an emergency rule setting procedures under a new state law (HB 1471) allowing them to designate terror groups.
Additionally, the day this law took effect, DeSantis announced his intentions to declare CAIR, the country's largest Muslim advocacy group, and antifa as domestic terror groups.

#Florida #muslim #governor

By Jana Choukeir and Doina Chiacu
DUBAI/WASHINGTON, Sept 20 (Reuters) - Iran and the United States exchanged new threats on Sunday, with President Donald Trump warning Iran would fail economically or face its leadership being wiped out if it didn't make a deal, and the Iranian ‌military saying it would retaliate harshly to any fresh attack.
The conflict has looked stalemated for months, with no sign either side was ready ‌for concessions even as it has deepened a global energy crisis, cratered swathes of Iran's economy and spilled over into new regional escalations.
In a phone call with a Fox News reporter, Trump said Iran's leaders should make a deal, rot economically or be wiped out, the reporter said.
However, with Iran's President Masoud Pezeshkian expected in New York this week for the United Nations General ***** embly, Trump said he would be open to meeting him, the Fox reporter added.

#reporter #Iran #make

Nvidia (NVDA) CEO Jensen Huang is challenging the people warning that AI could end humanity, suggesting their alarming predictions may serve another purpose.
Speaking with CBS News, Huang rejected the 'AI apocalypse' debate and questioned the motives behind those spreading that fear, adding a sharper edge to an increasingly public industry split.
OpenAI and Anthropic leaders, alongside Elon Musk, have backed calls to slow advanced AI development over safety concerns and fears that the technology might be advancing quicker than companies can control it, as reported by Financial Times.
For Nvidia investors, that debate carries financial weight. Shares have returned 20% year-to-date and 23% over the six months, according to Seeking Alpha data.
A coordinated slowdown could complicate the spending boom supporting its chip business. Huang's response, however, reaches beyond defending continued investment.

#NVIDIA #anthropic

Bloom Energy Corporation (NYSE:BE) garnered significant investor attention after it unveiled a new 800V DC-native fuel-cell power architecture on September 16, designed to supply continuous direct current to the next generation of AI data centers.
These solid-oxide fuel cells can generate continuous 800V DC power natively, rather than producing AC power that then has to be converted into DC that AI computing equipment ultimately consumes. This potentially removes several conversion stages, such as transformers and switchgear, thus lowering capital cost and energy losses.
Bloom claims that its technology can cut non-compute capital expenditures for a 1 GW data center by $3.6 billion, or 27%, and lower five-year total cost of ownership by $5.5 billion, or 9%, compared to traditional AC-based infrastructure.
With this technology, Bloom Energy is targeting one of the biggest bottlenecks in the ongoing AI boom – securing large amounts of reliable power quickly and economically. If 800V DC becomes widely adopted across AI data centers, the company will benefit not only from the soaring power demand, but also from a broader shift in how that power is generated and delivered.
Bloom Energy pointed to Nvidia's planned adoption of 800V DC architecture beginning with Rubin Ultra and Kyber systems as an indication of where data center power infrastructure is heading. In its 2026 Mid-Year Data Center Power Report, Bloom claimed that data center leaders expect DC-based architectures to account for 58% of new deployments by 2030, potentially creating a significant market for technologies designed around direct-current power delivery.

#energy #architecture

Phillips 66 (NYSE:PSX) has been on a strong rally this year, posting gains of over 110% since the beginning of 2026. The outperformance has been driven by an unusually sharp surge in global refining margins amid the war in the Middle East, which has significantly tightened the world's refining capacity and reduced supplies of gasoline, diesel, and jet fuel.
Given Phillips 66's substantial outperformance compared to the wider market, investors may be questioning whether the stock's record-setting run has reached its peak. However, the ****** ysts over at BMO Capital see further upside ahead. On September 17, the firm raised its price target on PSX from $260 to $310, while maintaining an 'Outperform' rating on the shares. The target boost implies an upside of 13% from the current levels and even exceeds the stock's all-time high of over $274 achieved earlier this month.
BMO Capital highlighted Phillips 66's integrated business model, noting that it has gained momentum and outperformed its individual segments, supported by strong execution across the portfolio. While Refining and Renewables remain the cyclical leaders, BMO also sees a favorable medium-term growth outlook for the company's Midstream business.
BMO Capital's vote of confidence comes amid a broader optimism surrounding Phillips 66, with ****** ysts from Morgan Stanley, Raymon James, UBS, and several others also improving their respective outlooks on PSX. This suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, particularly following the renewed escalations between Iran and the United States.
The supply disruptions now extend beyond the troubled region, as a recent wave of Ukrainian attacks on Russian refineries has further reduced global refining capacity and provided further support to margins.

#further #margins #amid

Morgan Stanley met privately with Gilead Sciences (GILD) leadership at its 2026 Global Healthcare Conference this month, and the feedback strengthened the bank's positive view on the stock.
Morgan Stanley's biopharma team hosted a meeting and a management dinner with Gilead Chairman and CEO Daniel O'Day and Chief Commercial and Corporate Affairs Officer Johanna Mercier. According to a Morgan Stanley research note shared with me, the discussion reinforced its Overweight rating on Gilead and singled out one franchise as the biggest reason to stay positive.
Gilead trades around $150.89, up about 24% year to date and roughly 111% over five years. That kind of run in a biotech stock usually needs a catalyst, and Morgan Stanley points to HIV prevention. The bigger question for investors now is whether the new HIV prevention business built around Yeztugo can keep growing at the pace of the last few quarters.
Terence Flynn, a Morgan Stanley equity **** yst who covers Gilead and other healthcare stocks has held an Overweight rating on the stock since January 2025.
According to the note, Gilead management described the company as being at "an important inflection point, supported by what it views as the most robust portfolio in the company's history," with no patent expiring until 2036.

#gilead #healthcare #management #note

NextEra Energy, Inc. (NYSE:NEE) announced on September 8 that it had secured a loan of up to $1.9 billion from the U.S. Department of Energy to support the restart of a shuttered nuclear power plant in Iowa. The Duane Arnold Energy Center ceased operations in 2020 after 45 years of service. The plant is now expected to resume operations in early 2029, pending regulatory approvals.
The federal funding is intended to help restore the facility and add reliable generation capacity as the US electricity demand soars to record levels amid the AI boom. To help meet the growing demand, President Trump is making efforts to accelerate the expansion of nuclear energy. He has signed an executive order to get 10 large conventional reactors under construction by 2030 and has also called for federal funding to support the restart of shuttered nuclear plants.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"Restarting Duane Arnold is about delivering new power to meet new demand while generating billions of dollars in economic value for Iowans. Just as importantly, it shows how America can support rapid economic growth and rising electricity demand while helping keep power affordable for existing customers. By bringing new generation online to serve new demand, we can strengthen the grid, create hundreds of good-paying jobs and help ensure Iowa families and businesses are not asked to bear the costs of growth. We appreciate the Administration's leadership in advancing America's nuclear renaissance and share its commitment to an all-of-the-above energy strategy that expands supply, strengthens energy security and keeps America competitive."
Photo by Frédéric Paulussen on Unsplash

#duane #arnold

California entrepreneur Eric Schiffer warned that the state's proposed billionaire wealth tax could drive some of its most successful business leaders out of California, predicting a "giant sucking sound" of entrepreneurs heading for the exits if voters approve the measure.
Schiffer, chairman of family office Patriarch and CEO of Reputation Management Consultants, told FOX Business he works with several billionaire clients, including some in California, and said many are unhappy about the proposal.
"I think the impact of this passing in California is a giant sucking sound of all of these entrepreneurs being sucked out of California because they're just not going to want to stay," Schiffer said.
"Why would anyone stay if they have spent their life building wealth that they were already taxed on?
Mark Cuban Tells Ro Khanna 'You Don't Understand Business,' Threatens Investment Shift Over Billionaire Tax

#california #billionaire

A $10,000 SPY investment at its 1993 launch would have compounded to $312,667 today, representing a 3,027% gain without adding a single dollar.
SPY's 0.0945% expense ratio costs roughly three times more than VOO or IVV, a gap that quietly compounds against long-term buy-and-hold investors.
RSP owns the same 500 stocks as SPY but weights each equally, cutting megacap dominance and serving as a hedge against a leadership rotation.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
A $10,000 stake placed in the SPDR S&P 500 ETF (NYSEARCA:SPY) on its opening day in January 1993 would be worth roughly $312,667 today. That works out to a 3,027% **** ulative gain, or about 10.8% a year compounded across 33 years. No stock picking, no market timing, no additional contributions.

#roughly #years #january

By Exec-Edge Editorial Staff
Sir Lynton Crosby has spent four decades reading public opinion for people who couldn't afford to get it wrong — prime ministers, presidents, and the boards of some of the world's largest companies. As Executive Chairman of CT Group, the research and strategy firm he co-founded, Crosby has built one of the most quietly influential shops in political and corporate consulting, with offices across eight countries and a client roster that spans government, industry, and advocacy. In recent years, CT Group has turned its research apparatus toward a subject closer to home for the business community it serves: capitalism itself, and why the system's public standing hasn't kept pace with its performance. We spoke with Crosby about what the firm's research found, and what it means for how business leaders talk about the system they operate in.
Exec Edge: CT Group ran a large-scale study on public attitudes toward capitalism. What prompted that?
We had seen a number of signals that some of the trending narratives on how the public felt about the predominant economic system were misleading. But we don't operate on feelings, but instead we respond to data, so we tested it. There's a narrative that's taken hold since the financial crisis — that the public has simply given up on capitalism, that a decade of scandals and populist politics has turned the average voter against the system outright. We fielded a nationally representative survey of 3,000 people, backed by focus groups, to find out if that was actually true or if something more specific was going on. It turned out to be the latter.
Exec Edge: What did the research actually find?

#edge #Research #turned

Recent initial public offering NB Bancorp (NBBK) is the IPO Stock Of The Week as it attempts to find support at a key level and with the stock within striking distance of a new buy point. This regional banking name also sits on Investor's Business Daily's IPO Leaders screen.
Massachusetts-based NB Bancorp is the holding company for Needham Bank, which was founded in 1892.
On July 22, NB Bancorp said its earnings growth accelerated to 33% in the second quarter, up from 9% in the first quarter. That was fueled by net interest margin expansion to 4% along with solid loan and deposit growth. Revenue jumped 46% from the year-ago period, to $74.7 million.
For the third quarter, ***** ysts expect NB Bancorp to earn 59 cents per share on revenue of $77.3 million. Those are respective year-over-year increases of 30% and 49%. Also, third-quarter earnings come due in late October.
And for the full year, Wall Street expects the banking leader to earn $2.14 per share, a 25% year-over-year increase. ***** ysts see further growth of 22% in 2027, according to IBD MarketSurge.

#revenue

Markets have a familiar reflex when fear spreads through technology stocks. Investors wait to hear what Jim Cramer thinks.
This week, the fear did not come from a short seller or a regulator. It came from inside the AI industry itself, from one of its own leaders.
Cramer said Wednesday, Sept. 16, that he won't back away from the AI trade, according to CNBC. That comes despite a weekend essay from a top AI executive arguing that the technology is moving too fast.
He predicted spending on AI infrastructure will keep climbing, because the industry's two biggest labs are already turning that spending into real revenue. There's too much money at stake for them to stop now, the "Mad Money" host said.
The warning that shook markets came from Anthropic CEO Dario Amodei, not from a critic outside the industry. In an essay ****** led "We Must Pace the Frontier," Amodei wrote that we must slow the pace at which we improve the capabilities of AI models.

#markets #pace #came