3 days ago
Rich Americans are getting richer, but not all equally. The K-shaped split that let high earners pull away from low earners now cuts through the top 1% too, with the ultra-rich far ahead of the rest.
The average household in the top 0.1% is now worth about $204 million, or 7.7 times as much as one in the rest of the top 1%, according to a Fortune ******* ysis of Federal Reserve data. That ratio is the highest in the Fed's quarterly series going back to 1989, up from 6.2 times at the end of 2019. Currently, the Fed counts 136,779 households in the top 0.1%
The top 0.1%'s wealth has more than doubled since the end of 2019, from $13.4 trillion to nearly $28 trillion in the second quarter of 2026. Over the same period, the rest of the top 1% saw its wealth grow 68%, from $19.3 trillion to $32.5 trillion. The top 0.1% now holds 15% of the nation's household wealth, up 0.5 percentage point since the first quarter.
"We are talking about continued redistribution upward and further concentration of wealth at the top," Markus Schneider, an ******* ociate professor of economics at the University of Denver, told Fortune.
The clearest difference between the two groups is what they own.
#earners
The average household in the top 0.1% is now worth about $204 million, or 7.7 times as much as one in the rest of the top 1%, according to a Fortune ******* ysis of Federal Reserve data. That ratio is the highest in the Fed's quarterly series going back to 1989, up from 6.2 times at the end of 2019. Currently, the Fed counts 136,779 households in the top 0.1%
The top 0.1%'s wealth has more than doubled since the end of 2019, from $13.4 trillion to nearly $28 trillion in the second quarter of 2026. Over the same period, the rest of the top 1% saw its wealth grow 68%, from $19.3 trillion to $32.5 trillion. The top 0.1% now holds 15% of the nation's household wealth, up 0.5 percentage point since the first quarter.
"We are talking about continued redistribution upward and further concentration of wealth at the top," Markus Schneider, an ******* ociate professor of economics at the University of Denver, told Fortune.
The clearest difference between the two groups is what they own.
#earners
3 days ago
America's older households sit on nearly $140 trillion in wealth, and much of it showed up recently.
Households age 55 and over held around three-quarters of the nation's total net worth in the second quarter of 2026, according to an Oct. 1 report from Bank of America Institute, based on ******* ysis of Federal Reserve data. "With equity markets rising strongly," wrote senior economist David Michael Tinsley, those households have seen "a more than 20% increase in their net worth over the past two years."
That rally has run on AI. The Magnificent Seven accounted for more than half of the S&P 500's gains last year, Fortune reported in April, and Goldman Sachs strategists found technology stocks drove 85% of the index's return through mid-May this year. "AI-driven return has been the single most important structural driver of equity performance," Capgemini's Luca Russignan told Yahoo Finance in June. Boomers own 54% of all U.S. stocks.
That's a lopsided split. Americans 55 and over make up about 31% of the population, according to Census Bureau estimates, but control roughly 75% of its net worth.
The pile gives many older Americans what the institute calls "considerable capacity to spend on travel and other leisure categories." Add their growing share of the population and their extra free time, and they become an increasingly influential market for businesses chasing consumer dollars. The BofA report focused mainly on the economic implications of a growing mass of older consumers, but the generational wealth composition was striking.
#households #institute #according #report
Households age 55 and over held around three-quarters of the nation's total net worth in the second quarter of 2026, according to an Oct. 1 report from Bank of America Institute, based on ******* ysis of Federal Reserve data. "With equity markets rising strongly," wrote senior economist David Michael Tinsley, those households have seen "a more than 20% increase in their net worth over the past two years."
That rally has run on AI. The Magnificent Seven accounted for more than half of the S&P 500's gains last year, Fortune reported in April, and Goldman Sachs strategists found technology stocks drove 85% of the index's return through mid-May this year. "AI-driven return has been the single most important structural driver of equity performance," Capgemini's Luca Russignan told Yahoo Finance in June. Boomers own 54% of all U.S. stocks.
That's a lopsided split. Americans 55 and over make up about 31% of the population, according to Census Bureau estimates, but control roughly 75% of its net worth.
The pile gives many older Americans what the institute calls "considerable capacity to spend on travel and other leisure categories." Add their growing share of the population and their extra free time, and they become an increasingly influential market for businesses chasing consumer dollars. The BofA report focused mainly on the economic implications of a growing mass of older consumers, but the generational wealth composition was striking.
#households #institute #according #report
3 days ago
Elon Musk's net worth once again topped the $1 trillion mark this week—and few people have had a closer look at the forces behind his success than his former deputy Linda Yaccarino.
The 30-year media veteran was tapped as CEO of then-Twitter in 2023, stepping in as Musk was remaking the social platform from the ground up, and she got a firsthand look at the philosophy driving his companies, from Tesla to **** eX: Move fast, rethink everything, and don't wait for tomorrow.
"The reason his companies are singular in what they deliver is because of the insatiable sense of urgency. There's not a deadline for a project or to ship something, a product—it's now," Yaccarino told Fortune.
That mindset, she said, changes how you approach virtually any challenge. Rather than simply working toward a deadline, it forces you to strip a project down to its most essential pieces and figure out what actually needs to happen to succeed.
"A lot of people talk about first principles, but that's what it forces you to do," Yaccarino added.
#look #project
The 30-year media veteran was tapped as CEO of then-Twitter in 2023, stepping in as Musk was remaking the social platform from the ground up, and she got a firsthand look at the philosophy driving his companies, from Tesla to **** eX: Move fast, rethink everything, and don't wait for tomorrow.
"The reason his companies are singular in what they deliver is because of the insatiable sense of urgency. There's not a deadline for a project or to ship something, a product—it's now," Yaccarino told Fortune.
That mindset, she said, changes how you approach virtually any challenge. Rather than simply working toward a deadline, it forces you to strip a project down to its most essential pieces and figure out what actually needs to happen to succeed.
"A lot of people talk about first principles, but that's what it forces you to do," Yaccarino added.
#look #project
3 days ago
Take a trip down memory lane and revisit the unforgettable women who reigned supreme as the ultimate it girls during the 2000s. First for Women shines a spotlight on the magnetic actresses and trendsetters who shaped pop culture, earned countless fans, and continue to captivate with their style, talent, and charisma. From red carpets and premiere nights to trailblazing moves in business and entertainment, these icons have left a lasting mark on Hollywood — and on the hearts of an entire generation.
Photo Image Press / MEGA
Known for her infectious energy and starring roles in beloved romantic comedies, Kate Hudson became synonymous with glamour and an infectious smile. Her portrayal of Penny Lane in Almost Famous earned her a Golden Globe Award and an Academy Award nomination for Best Supporting Actress, as reported by Biography.
Photo Image Press / MEGA
Jessica Simpson charmed audiences not just with her powerful vocals and catchy tunes, but also with her down-to-earth personality and sharp business acumen. Her transition from pop sensation to reality TV star and fashion mogul showcased her versatility and enduring appeal. The Jessica Simpson Collection, launched in 2005, grew into a fashion empire that reached $1 billion in annual sales at its peak, according to Forbes.
#business
Photo Image Press / MEGA
Known for her infectious energy and starring roles in beloved romantic comedies, Kate Hudson became synonymous with glamour and an infectious smile. Her portrayal of Penny Lane in Almost Famous earned her a Golden Globe Award and an Academy Award nomination for Best Supporting Actress, as reported by Biography.
Photo Image Press / MEGA
Jessica Simpson charmed audiences not just with her powerful vocals and catchy tunes, but also with her down-to-earth personality and sharp business acumen. Her transition from pop sensation to reality TV star and fashion mogul showcased her versatility and enduring appeal. The Jessica Simpson Collection, launched in 2005, grew into a fashion empire that reached $1 billion in annual sales at its peak, according to Forbes.
#business
4 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Amazon founder Jeff Bezos once challenged Rep. Alexandria Ocasio-Cortez's (D-N.Y.) argument that billionaires cannot legitimately earn their fortunes.
During a May 2026 interview with CNBC's Andrew Ross Sorkin at Blue Origin's rocket factory in Florida, Bezos responded to Ocasio-Cortez's statement that no one can earn $1 billion without exploiting workers, abusing market power or breaking rules.
The Amazon executive chairman rejected the premise, illustrating his argument with a hypothetical burger restaurant that starts with 10 employees and gradually expands to 1,000 locations as customers embrace its products.
Don't Miss:
#alexandria
Amazon founder Jeff Bezos once challenged Rep. Alexandria Ocasio-Cortez's (D-N.Y.) argument that billionaires cannot legitimately earn their fortunes.
During a May 2026 interview with CNBC's Andrew Ross Sorkin at Blue Origin's rocket factory in Florida, Bezos responded to Ocasio-Cortez's statement that no one can earn $1 billion without exploiting workers, abusing market power or breaking rules.
The Amazon executive chairman rejected the premise, illustrating his argument with a hypothetical burger restaurant that starts with 10 employees and gradually expands to 1,000 locations as customers embrace its products.
Don't Miss:
#alexandria
4 days ago
Rob Lowe's son, actor John Owen Lowe, shared an emotional poem about hope on his Instagram page over the weekend, just days after his 13-year-old cousin Fiona died by suicide.
The poem he posted was Emily ******* inson's "Hope Is the Thing With Feathers," which reads, "Hope is the thing with feathers that perches in the soul, and sings the tune without the words, and never stops at all. And sweetest in the gale is heard; and sore must be the storm that could abash the little bird that kept so many warm."
It concludes, "I've heard it in the chillest land, and on the strangest sea; yet, never, in extremity, it asked a crumb of me."
The post came after Rob and John Owen arrived at the Los Angeles home of Rob's younger brother, Chad Lowe, on Thursday (October 1), per The Daily Mail. Fiona was the second daughter of Chad and his wife, Kim Painter. The couple also have daughters Mabel (17) and Nixie (10).
Last week, a statement from the medical examiner confirmed that Fiona was ******* ounced dead at a local hospital at 1:14 am on September 29. The manner of death was ruled a suicide.
#john #thing
The poem he posted was Emily ******* inson's "Hope Is the Thing With Feathers," which reads, "Hope is the thing with feathers that perches in the soul, and sings the tune without the words, and never stops at all. And sweetest in the gale is heard; and sore must be the storm that could abash the little bird that kept so many warm."
It concludes, "I've heard it in the chillest land, and on the strangest sea; yet, never, in extremity, it asked a crumb of me."
The post came after Rob and John Owen arrived at the Los Angeles home of Rob's younger brother, Chad Lowe, on Thursday (October 1), per The Daily Mail. Fiona was the second daughter of Chad and his wife, Kim Painter. The couple also have daughters Mabel (17) and Nixie (10).
Last week, a statement from the medical examiner confirmed that Fiona was ******* ounced dead at a local hospital at 1:14 am on September 29. The manner of death was ruled a suicide.
#john #thing
4 days ago
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
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
5 days ago
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
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
5 days ago
A recent candid photo of Meghan Markle and Prince Harry going on a lunch date has sparked fresh debate online. The images show the couple holding hands in the Cotswolds, and while most saw a normal couple spending time together, one commentator sees something else in them. He questions how the pictures came about and what they might signal about the Sussexes.
Commentator Link Lauren shared his views in a video clip posted on X where he spoke about the couple's "romantic pub date" and their "first photos together since UK return." Lauren questioned how the photos were taken. "You want me to believe that a photographer just happened to catch you on a little date night in the Cotswolds?" he asked. He said Meghan Markle "allegedly" arranges such moments and also remarked that her face looked "a little bit facetuned."
He then offered his own theory. In his view, the couple licensed the pictures to an agency. "That's what I believe," he said. The commentator also looked at the photographer's website. He said it invites visitors to "earn money" by sending in celebrity photos, videos, and tips. He went on to suggest that Meghan may have even worked with the photographer.
The source noted his interpretation of the strain between the couple. Lauren pointed to Prince Harry's schedule, saying that the Duke of Sussex has appeared at several charity events without Meghan in recent times. "It's pretty much known across the UK at this point in aristocratic circles and the press. They are conscious uncoupling," he claimed.
As a result, Lauren argued that the hand-holding photos were a response to this. Meghan, he said, wanted to be seen "staking her claim" over her husband. Lauren also pointed to the couple's reported plans to split time between the UK and the US. He said that this arrangement made the public display of unity more notable.
#photos #date #prince
Commentator Link Lauren shared his views in a video clip posted on X where he spoke about the couple's "romantic pub date" and their "first photos together since UK return." Lauren questioned how the photos were taken. "You want me to believe that a photographer just happened to catch you on a little date night in the Cotswolds?" he asked. He said Meghan Markle "allegedly" arranges such moments and also remarked that her face looked "a little bit facetuned."
He then offered his own theory. In his view, the couple licensed the pictures to an agency. "That's what I believe," he said. The commentator also looked at the photographer's website. He said it invites visitors to "earn money" by sending in celebrity photos, videos, and tips. He went on to suggest that Meghan may have even worked with the photographer.
The source noted his interpretation of the strain between the couple. Lauren pointed to Prince Harry's schedule, saying that the Duke of Sussex has appeared at several charity events without Meghan in recent times. "It's pretty much known across the UK at this point in aristocratic circles and the press. They are conscious uncoupling," he claimed.
As a result, Lauren argued that the hand-holding photos were a response to this. Meghan, he said, wanted to be seen "staking her claim" over her husband. Lauren also pointed to the couple's reported plans to split time between the UK and the US. He said that this arrangement made the public display of unity more notable.
#photos #date #prince
5 days ago
Megan's aunt's will leaves each child somewhere between $700K and $1M with no trust, handing full control to each child at 18 with no restrictions.
Withdrawing $70,000 a year from a $700,000 inheritance exhausts the funds by age 36, leaving an 18-year-old with nothing by midlife.
Delony and Warshaw urge Megan to push for a phased trust and spend the next 12 years building her children's financial discipline before any payout arrives.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Even "the greatest kid on the planet" can "get off the rails real quick" when given a fortune at 18. Dr. John Delony said this on The Ramsey Show on October 2, 2026, where he was co-hosting with Jade Warshaw. He was talking to a Boston mother named Megan who was never supposed to know what was coming.
#delony
Withdrawing $70,000 a year from a $700,000 inheritance exhausts the funds by age 36, leaving an 18-year-old with nothing by midlife.
Delony and Warshaw urge Megan to push for a phased trust and spend the next 12 years building her children's financial discipline before any payout arrives.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Even "the greatest kid on the planet" can "get off the rails real quick" when given a fortune at 18. Dr. John Delony said this on The Ramsey Show on October 2, 2026, where he was co-hosting with Jade Warshaw. He was talking to a Boston mother named Megan who was never supposed to know what was coming.
#delony
5 days ago
As he enters the final chapter of his life, Robert Wagner is fine-tuning his $20 million will — and a source says the actor, 96, plans to leave a portion of his fortune to late wife Natalie Wood's loved ones.
"Robert still loves Natalie deeply," the source tells Examiner. "He honors her every birthday and anniversary, so the idea of doing something for her extended family as a way to honor her memory really appeals to him."
The 43-year-old actress mysteriously drowned in 1981 during a trip on the yacht Splendour with Wagner, then 51, and her Brainstorm costar, Christopher Walken.
While the Hart to Hart actor has consistently denied any involvement in her death — and an investigation officially cleared him as a person of interest in 2022 — his actions on the night of Wood's passing have long been scrutinized.
"Robert knows that for some people Natalie's death will always be the first thing they think of when they hear his name," adds the source. "That hurts him enormously. He can't change what happened or what people think, but he can still do something positive for the people she left behind and hopefully get some closure from that himself."
#still #death
"Robert still loves Natalie deeply," the source tells Examiner. "He honors her every birthday and anniversary, so the idea of doing something for her extended family as a way to honor her memory really appeals to him."
The 43-year-old actress mysteriously drowned in 1981 during a trip on the yacht Splendour with Wagner, then 51, and her Brainstorm costar, Christopher Walken.
While the Hart to Hart actor has consistently denied any involvement in her death — and an investigation officially cleared him as a person of interest in 2022 — his actions on the night of Wood's passing have long been scrutinized.
"Robert knows that for some people Natalie's death will always be the first thing they think of when they hear his name," adds the source. "That hurts him enormously. He can't change what happened or what people think, but he can still do something positive for the people she left behind and hopefully get some closure from that himself."
#still #death
5 days ago
Jordyn Woods has spent much of her life in the spotlight, first as Kylie Jenner's longtime best friend and later as a model, entrepreneur and celebrity in her own right. From her Hollywood connections and family background to her relationship with NBA star Karl-Anthony Towns, Woods has built a life that extends far beyond her former ties to the Kardashian-Jenner family.
But how much do we really know about the life Woods has created for herself? From whether she grew up wealthy and where she lives today to the eye-catching engagement ring she received from Towns and her estimated net worth, here's everything to know about Jordyn Woods' life, career and finances.
Despite her close ties to the Kardashian-Jenner and Smith families, Jordyn Woods did not grow up in a wealthy celebrity household. Her father, John Woods, was a television sound engineer who worked on "The Fresh Prince of Bel-Air", while her mother, Elizabeth Woods, worked as a talent and brand manager. Her parents' careers gave Jordyn an early connection to Hollywood, and her family became particularly close with Will Smith and Jada Pinkett Smith through her father's work, according to People.
Jordyn has acknowledged that she had certain privileges growing up in California and being surrounded by successful people, but she has also pushed back against the idea that her family was wealthy. In a 2025 interview with Crystal Renee Hayslett, she explained that her father worked extremely hard to provide for their family and said that they "definitely struggled," emphasizing that being around wealthy people did not mean her family had the same financial resources.
Jordyn Woods currently lives in Los Angeles, California, with her husband, NBA star Karl-Anthony Towns. TMZ reports the couple purchased a $14 million home in the Los Angeles area, putting them among the city's many celebrity homeowners. Their move into the luxury property came as Woods continued to expand her career beyond social media, while Towns built his fortune through his NBA career.
#woods #jordyn #towns #smith
But how much do we really know about the life Woods has created for herself? From whether she grew up wealthy and where she lives today to the eye-catching engagement ring she received from Towns and her estimated net worth, here's everything to know about Jordyn Woods' life, career and finances.
Despite her close ties to the Kardashian-Jenner and Smith families, Jordyn Woods did not grow up in a wealthy celebrity household. Her father, John Woods, was a television sound engineer who worked on "The Fresh Prince of Bel-Air", while her mother, Elizabeth Woods, worked as a talent and brand manager. Her parents' careers gave Jordyn an early connection to Hollywood, and her family became particularly close with Will Smith and Jada Pinkett Smith through her father's work, according to People.
Jordyn has acknowledged that she had certain privileges growing up in California and being surrounded by successful people, but she has also pushed back against the idea that her family was wealthy. In a 2025 interview with Crystal Renee Hayslett, she explained that her father worked extremely hard to provide for their family and said that they "definitely struggled," emphasizing that being around wealthy people did not mean her family had the same financial resources.
Jordyn Woods currently lives in Los Angeles, California, with her husband, NBA star Karl-Anthony Towns. TMZ reports the couple purchased a $14 million home in the Los Angeles area, putting them among the city's many celebrity homeowners. Their move into the luxury property came as Woods continued to expand her career beyond social media, while Towns built his fortune through his NBA career.
#woods #jordyn #towns #smith
7 days ago
Ron Howard may have found fame and fortune as a child star on The Andy Griffith Show, but the comedy legend is now certainly all grown up. In fact, he's been married for over 50 years and is a father to four talented kids who have very different attitudes towards the spotlight.
Discover what the director, actor and producer's kids have gotten up to and which of his children have decided to pursue fame of their own – including one very famous face.
Ron Howard got his start as a child actor and has been involved in entertainment ever since
Ron Howard is something of a comedy legend. With two Oscars and countless other awards to his name, it's fair to say the actor, filmmaker and director has made his mark on cinema.
In front of the camera, he's best known for his early work on The Andy Griffith Show and Happy Days, while his best-loved directorial work includes How the Grinch Stole Christmas, A Beautiful Mind and The Da Vinci Code.
#actor #andy #show
Discover what the director, actor and producer's kids have gotten up to and which of his children have decided to pursue fame of their own – including one very famous face.
Ron Howard got his start as a child actor and has been involved in entertainment ever since
Ron Howard is something of a comedy legend. With two Oscars and countless other awards to his name, it's fair to say the actor, filmmaker and director has made his mark on cinema.
In front of the camera, he's best known for his early work on The Andy Griffith Show and Happy Days, while his best-loved directorial work includes How the Grinch Stole Christmas, A Beautiful Mind and The Da Vinci Code.
#actor #andy #show
7 days ago
Ryan Seacrest got heads turning after posting a shirtless thirst trap to his Instagram on Saturday.
"This is what a day off looks like from start to finish," Seacrest wrote, posing with an ElliptiGO elliptical bike in the morning and evening.
Diplo, Gleb Savchenko, Jay Manuel, and some of Seacrest's other famous friends hyped the TV host up in the comments, with Diplo commenting, "Ryan relax!!!"
Summer isn't over — and Ryan Seacrest just made it even hotter.
The Wheel of Fortune host burned up his Instagram page on Saturday by sharing a sizzling shirtless picture that showed him posing with an ElliptiGO elliptical bike in an arid locale under the bright sun. In a video also shared in the carousel, Seacrest was still out in the desert with the bike, this time staring up at the moon.
#diplo
"This is what a day off looks like from start to finish," Seacrest wrote, posing with an ElliptiGO elliptical bike in the morning and evening.
Diplo, Gleb Savchenko, Jay Manuel, and some of Seacrest's other famous friends hyped the TV host up in the comments, with Diplo commenting, "Ryan relax!!!"
Summer isn't over — and Ryan Seacrest just made it even hotter.
The Wheel of Fortune host burned up his Instagram page on Saturday by sharing a sizzling shirtless picture that showed him posing with an ElliptiGO elliptical bike in an arid locale under the bright sun. In a video also shared in the carousel, Seacrest was still out in the desert with the bike, this time staring up at the moon.
#diplo
7 days ago
Ryan Seacrest has sent fans into a frenzy after revealing his seriously impressive physique in a series of new shirtless photos.
The 51-year-oldAmerican Idol and Wheel of Fortune host gave his followers a glimpse at how he spends a rare day away from his busy work schedule – and his fitness regime certainly isn't taking a break.
Ryan shared two photos from a day spent exercising outdoors, with the TV star showing off his defined abs and muscular arms as he posed shirtless beside his ElliptiGO stand-up bike.
Ryan showcased the results of his workout regime (@ Ryan Seacrest/Instagram)
"What a day off looks like from start to finish," he captioned the post.
#ryan #shirtless #elliptigo #Instagram
The 51-year-oldAmerican Idol and Wheel of Fortune host gave his followers a glimpse at how he spends a rare day away from his busy work schedule – and his fitness regime certainly isn't taking a break.
Ryan shared two photos from a day spent exercising outdoors, with the TV star showing off his defined abs and muscular arms as he posed shirtless beside his ElliptiGO stand-up bike.
Ryan showcased the results of his workout regime (@ Ryan Seacrest/Instagram)
"What a day off looks like from start to finish," he captioned the post.
#ryan #shirtless #elliptigo #Instagram
7 days ago
Ryan Seacrest doesn't get many days off, but when he does, he knows how to make the most of them. The Wheel of Fortune and American Idol host, 51, recently gave fans a glimpse of his day away from work. Fans had plenty to say about his shirtless photos, which immediately grabbed their attention.
On October 3, Seacrest took to Instagram and Facebook to share a recent outing. With the Kid Cudi song "Day 'N' Nite" playing, Seacrest first shared a photo showing him shirtless with his face tilted up to the sun.
He wore black shorts and sunglasses as he sat atop a bike while out on a trail. In the caption, he wrote, "This is what a day off looks like from start to finish. Go dawgs Georgia Football."
On Instagram, the shirtless shot that showed off his incredibly fit physique came first, and a short video was shared on the second slide. It seems the shirtless bike ride was how Seacrest started off his day.
The video showed Seacrest still with his bike, shirtless, but it was dark. He seemed to be in the same general area outdoors, but in this case, he was looking out at the moon shining brightly in the nighttime sky.
#Instagram #ryan
On October 3, Seacrest took to Instagram and Facebook to share a recent outing. With the Kid Cudi song "Day 'N' Nite" playing, Seacrest first shared a photo showing him shirtless with his face tilted up to the sun.
He wore black shorts and sunglasses as he sat atop a bike while out on a trail. In the caption, he wrote, "This is what a day off looks like from start to finish. Go dawgs Georgia Football."
On Instagram, the shirtless shot that showed off his incredibly fit physique came first, and a short video was shared on the second slide. It seems the shirtless bike ride was how Seacrest started off his day.
The video showed Seacrest still with his bike, shirtless, but it was dark. He seemed to be in the same general area outdoors, but in this case, he was looking out at the moon shining brightly in the nighttime sky.
#Instagram #ryan
8 days ago
Mikey Madison attended the The Social Reckoning premiere held at Pathé Palace in Paris on Thursday.
Lyvans Boolaky/WireImage
The London premiere is always going to be the highlight of this press tour for me, even with only a few looks in, but I do love this Dior Spring 2026 Haute Couture gown on her.
Lyvans Boolaky/WireImage
This feels completely in tune with the style we have come to **** ociate with Mikey. Classic, simple and elegant at first glance, but look closer and the black base is actually fully embellished. It's a detail that doesn't immediately register in photographs, with the pink, blue and white floral embroidery naturally drawing the eye first.
#mikey #boolaky #madison #path
Lyvans Boolaky/WireImage
The London premiere is always going to be the highlight of this press tour for me, even with only a few looks in, but I do love this Dior Spring 2026 Haute Couture gown on her.
Lyvans Boolaky/WireImage
This feels completely in tune with the style we have come to **** ociate with Mikey. Classic, simple and elegant at first glance, but look closer and the black base is actually fully embellished. It's a detail that doesn't immediately register in photographs, with the pink, blue and white floral embroidery naturally drawing the eye first.
#mikey #boolaky #madison #path
20 days ago
Nvidia (NASDAQ: NVDA) is one of the most successful stocks in history. Since launching its IPO in 1999, the stock has earned unprecedented returns, especially considering the 27-year time frame. So high are the gains that an investment of $1,000 at that time would deliver millions.
Missed AI's "Act 1"? Act 2 Could Be 15x 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 »
The semiconductor stock launched its IPO on Jan. 22, 1999, at a split-adjusted price of $0.025 per share. At the time, that would have bought 40,000 split-adjusted shares worth $5.32 million. Add in the dividend income over that time, and the overall total grows to $5.70 million.
NVDA data by YCharts
Nvidia made its initial fortune as a leader in graphics cards. It later moved on to GPUs and, later, AI accelerators, which have made it an industry-leading chip stock. With that, it won the AI training race, or at least the first phase of it.
#missed #phase
Missed AI's "Act 1"? Act 2 Could Be 15x 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 »
The semiconductor stock launched its IPO on Jan. 22, 1999, at a split-adjusted price of $0.025 per share. At the time, that would have bought 40,000 split-adjusted shares worth $5.32 million. Add in the dividend income over that time, and the overall total grows to $5.70 million.
NVDA data by YCharts
Nvidia made its initial fortune as a leader in graphics cards. It later moved on to GPUs and, later, AI accelerators, which have made it an industry-leading chip stock. With that, it won the AI training race, or at least the first phase of it.
#missed #phase
21 days ago
Accenture plc (NYSE:ACN) investors are having a rough year, with the shares down more than 25%. Now Wall Street is divided over the company's outlook.
Morgan Stanley raised its price target on Accenture to $175 from $130 on September 14. Accenture shares soared more than 6% in afternoon trading following the price target increase, even though the firm reiterated its Equal weight rating on the stock.
Meanwhile, UBS recently maintained a Buy rating on the stock with a price target of $275. The bank pointed to confidence in the company's positioning around AI and, in separate notes, its acquisition strategy. However, Wells Fargo downgraded Accenture to Equal Weight. According to Wells Fargo, macroeconomic pressures could weigh on fiscal 2027 growth expectations.
The question is whether Accenture's expanding AI capabilities and acquisitions can translate into long-term growth.
Accenture's AI fortunes are tied to enterprise deployment of the technology. The company has formed a joint business group with Google Cloud to deploy AI engineers across enterprise clients. That arrangement gives Accenture another channel through which AI adoption can create demand for consulting, implementation, and integration services.
#fargo
Morgan Stanley raised its price target on Accenture to $175 from $130 on September 14. Accenture shares soared more than 6% in afternoon trading following the price target increase, even though the firm reiterated its Equal weight rating on the stock.
Meanwhile, UBS recently maintained a Buy rating on the stock with a price target of $275. The bank pointed to confidence in the company's positioning around AI and, in separate notes, its acquisition strategy. However, Wells Fargo downgraded Accenture to Equal Weight. According to Wells Fargo, macroeconomic pressures could weigh on fiscal 2027 growth expectations.
The question is whether Accenture's expanding AI capabilities and acquisitions can translate into long-term growth.
Accenture's AI fortunes are tied to enterprise deployment of the technology. The company has formed a joint business group with Google Cloud to deploy AI engineers across enterprise clients. That arrangement gives Accenture another channel through which AI adoption can create demand for consulting, implementation, and integration services.
#fargo
21 days ago
Credit card companies are racing to claim a place at the checkout when AI agents start shopping on behalf of consumers—even as shoppers remain skeptical of letting bots spend their money.
Mastercard rolled out a payment option Thursday that lets people give an AI agent a virtual card and allow it to buy things online without checking in before each purchase. Cardholders can limit how much it spends, restrict which retailers it buys from, or require approval before checkout.
"This is a land grab for infrastructure standards," Phil Bruno, chief strategy and growth officer at payments company ACI Worldwide, told Fortune. "If they set the standards for agentic commerce, they can keep the commerce in their environments for decades to come."
Rival Visa partnered with Alchemy earlier this year and has also announced its own AI shopping and payment product, Visa Intelligent Commerce, which the company says is still being deployed. Similarly, Meta has Muse, which can search for products and navigate checkout, but presents the purchase for the user's final approval.
It seems, though, that shoppers appear far more interested in using AI to find a deal than letting it pay. Just 7% of U.S. and U.K. consumers surveyed who buy fashion items said they would allow an AI ***** istant to make purchases without approval under predefined conditions, according to research commissioned by ACI Worldwide. More than half said they were uncomfortable allowing AI to purchase on their behalf.
#purchase #consumers
Mastercard rolled out a payment option Thursday that lets people give an AI agent a virtual card and allow it to buy things online without checking in before each purchase. Cardholders can limit how much it spends, restrict which retailers it buys from, or require approval before checkout.
"This is a land grab for infrastructure standards," Phil Bruno, chief strategy and growth officer at payments company ACI Worldwide, told Fortune. "If they set the standards for agentic commerce, they can keep the commerce in their environments for decades to come."
Rival Visa partnered with Alchemy earlier this year and has also announced its own AI shopping and payment product, Visa Intelligent Commerce, which the company says is still being deployed. Similarly, Meta has Muse, which can search for products and navigate checkout, but presents the purchase for the user's final approval.
It seems, though, that shoppers appear far more interested in using AI to find a deal than letting it pay. Just 7% of U.S. and U.K. consumers surveyed who buy fashion items said they would allow an AI ***** istant to make purchases without approval under predefined conditions, according to research commissioned by ACI Worldwide. More than half said they were uncomfortable allowing AI to purchase on their behalf.
#purchase #consumers
21 days ago
Automattic has a new interim chief financial officer: Jeremy Klaperman, the CFO of the company's WordPress VIP Enterprise business unit. The news, shared internally on Friday, follows last week's attempted ouster of Automattic CEO Matt Mullenweg, which ultimately resulted in the departure of the board members who voted him out and other executives, including then-CFO Mark Davies. Davies was briefly interim CEO before Mullenweg retook the position.
In a Slack post, Mullenweg shared that Klaperman had previously acted as Automattic CFO when Davies had been on sabbatical. He noted that the board — whose new members have yet to be announced — will still need to evaluate internal and external candidates for the position before a final decision is made.
In addition, Mullenweg said in the post that a candidate to become the company's chief legal officer had also just verbally accepted the position, replacing Chief Legal Officer Andy Missan, who has also since left the company alongside Davies. TechCrunch recently reported that Davies and Missan had signed reciprocal severance deals during Mullenweg's 33-hour leave of absence before he returned as CEO.
"I have 100% confidence in our cash and financial position," Mullenweg's post concluded, adding "There is still work to do, but everything is within our control and depends only on Automattic's ability to execute."
In subsequent updates, Mullenweg also said to "stay tuned" for board announcements, and noted that special advisor and creator of Wolfram|Alpha, Stephen Wolfram, will continue in his position. The company's next board meeting is scheduled for September 23.
#klaperman
In a Slack post, Mullenweg shared that Klaperman had previously acted as Automattic CFO when Davies had been on sabbatical. He noted that the board — whose new members have yet to be announced — will still need to evaluate internal and external candidates for the position before a final decision is made.
In addition, Mullenweg said in the post that a candidate to become the company's chief legal officer had also just verbally accepted the position, replacing Chief Legal Officer Andy Missan, who has also since left the company alongside Davies. TechCrunch recently reported that Davies and Missan had signed reciprocal severance deals during Mullenweg's 33-hour leave of absence before he returned as CEO.
"I have 100% confidence in our cash and financial position," Mullenweg's post concluded, adding "There is still work to do, but everything is within our control and depends only on Automattic's ability to execute."
In subsequent updates, Mullenweg also said to "stay tuned" for board announcements, and noted that special advisor and creator of Wolfram|Alpha, Stephen Wolfram, will continue in his position. The company's next board meeting is scheduled for September 23.
#klaperman
21 days ago
One of the world's largest companies has become a cash-return machine of historic scale, but its engine is now facing a serious test.
With Apple (AAPL) stock trading near $337 a share, an owner might ask a simple question. The company has returned a fortune in cash while the stock has dramatically outperformed the market; was holding worth it, and can this machine keep running?
Over the last five years, Apple sent $510.4 billion in cash back to its shareholders. That sum, equal to about 10.3% of the company's current market value, is the largest capital return of any U.S. company Trefis tracks over that period. The question is what that extraordinary payout says about the business today.
The money printer is Apple's core business, which generated $136.68 billion in free cash flow over the last twelve months. In its most recent quarter, the company reported record June-quarter revenue, with iPhone sales growing 22% and Mac sales growing an impressive 29% from a year ago. Management noted that the iPhone and Mac were "both doing remarkably better than we thought they would do."
That operational strength funds the shareholder returns. The five-year payout was heavily weighted toward share repurchases, which totaled $434.5 billion, with another $75.9 billion paid in dividends. Apple's absolute dollar payout stands alone, even though the 10.3% of market value it returned sits well below the 16.9% median for S&P 500 companies.
#market
With Apple (AAPL) stock trading near $337 a share, an owner might ask a simple question. The company has returned a fortune in cash while the stock has dramatically outperformed the market; was holding worth it, and can this machine keep running?
Over the last five years, Apple sent $510.4 billion in cash back to its shareholders. That sum, equal to about 10.3% of the company's current market value, is the largest capital return of any U.S. company Trefis tracks over that period. The question is what that extraordinary payout says about the business today.
The money printer is Apple's core business, which generated $136.68 billion in free cash flow over the last twelve months. In its most recent quarter, the company reported record June-quarter revenue, with iPhone sales growing 22% and Mac sales growing an impressive 29% from a year ago. Management noted that the iPhone and Mac were "both doing remarkably better than we thought they would do."
That operational strength funds the shareholder returns. The five-year payout was heavily weighted toward share repurchases, which totaled $434.5 billion, with another $75.9 billion paid in dividends. Apple's absolute dollar payout stands alone, even though the 10.3% of market value it returned sits well below the 16.9% median for S&P 500 companies.
#market
21 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Warren Buffett built one of the world's largest fortunes by investing in businesses he understood, buying at attractive prices and giving those investments plenty of time to grow.
But what would the legendary investor do if he had to start over with just $10,000?
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#earn
Warren Buffett built one of the world's largest fortunes by investing in businesses he understood, buying at attractive prices and giving those investments plenty of time to grow.
But what would the legendary investor do if he had to start over with just $10,000?
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#earn
22 days ago
With ***** e Exploration Technologies shares already available, an Anthropic IPO just around the corner, and OpenAI's IPO likely coming next year, investors will soon have plenty of leading artificial intelligence stocks to choose from.
But a subtler AI play is already available through Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). Google Gemini is a leading AI model and is a popular choice among enterprise users. Indeed, Alphabet CEO Sundar Pichai recently said that almost 90% of Fortune 100 companies use Gemini Enterprise.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Here's why that's great news for Alphabet stock and its investors.
A lot of attention is being paid to consumer AI markets right now, partly because individuals were among the earliest adopters of AI, long before companies began experimenting with AI chatbots and agents.
#alphabet #signal #enterprise
But a subtler AI play is already available through Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). Google Gemini is a leading AI model and is a popular choice among enterprise users. Indeed, Alphabet CEO Sundar Pichai recently said that almost 90% of Fortune 100 companies use Gemini Enterprise.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Here's why that's great news for Alphabet stock and its investors.
A lot of attention is being paid to consumer AI markets right now, partly because individuals were among the earliest adopters of AI, long before companies began experimenting with AI chatbots and agents.
#alphabet #signal #enterprise
23 days ago
The Federal Reserve's interest rate hike — the first in three years — is a policy shift that will have a domino effect for retirees.
Those in retirement and those nearing retirement need to factor interest rates into their investment decisions. To explain what the Fed hike might mean, Yahoo Finance talked to several wealth management advisers and finance professionals.
First off, it's important to keep in mind that one quarter-point rate hike won't drastically alter anyone's fortunes.
"A single rate hike rarely helps or hurts a retiree outright," said Michael Cochran, chief investment officer at BentOak Capital in Fort Worth, Texas. "It reshuffles the deck where there are benefits, but also some pressures."
A rate hike could be good news because it means that savings yields will likely rise, said LendingTree chief consumer finance **** yst Matt Schulz.
#first #Retirement #chief #michael
Those in retirement and those nearing retirement need to factor interest rates into their investment decisions. To explain what the Fed hike might mean, Yahoo Finance talked to several wealth management advisers and finance professionals.
First off, it's important to keep in mind that one quarter-point rate hike won't drastically alter anyone's fortunes.
"A single rate hike rarely helps or hurts a retiree outright," said Michael Cochran, chief investment officer at BentOak Capital in Fort Worth, Texas. "It reshuffles the deck where there are benefits, but also some pressures."
A rate hike could be good news because it means that savings yields will likely rise, said LendingTree chief consumer finance **** yst Matt Schulz.
#first #Retirement #chief #michael
23 days ago
Amazon Business is now a $60B operation serving 11 million customers worldwide. In this FreightWaves Today interview, Amazon Business exec Daniel Silverfield breaks down what that scale means for procurement, supplier consolidation, same-day grocery delivery and AI-driven savings.The big takeaway: business buyers want fewer suppliers, better visibility and less waste in purchasing. Silverfield explains how Amazon Business is pitching exactly that to everyone from small companies to Fortune 100s.
Amazon Business has hit $60 billion in annualized gross sales and now serves 11 million customers worldwide, with 1.8 million organizations added this year alone — a growth rate that puts it on par with a Fortune 100 company if it were standalone. The platform, which launched roughly a decade ago after Amazon noticed businesses already shopping on amazon.com, is increasingly central to how companies across sectors manage procurement, from office supplies to same-day groceries.
The scale matters to shippers, carriers, and brokers because Amazon Business is driving a fundamental shift in B2B purchasing behavior — consolidating supplier pools, centralizing data, and moving procurement from quarterly reporting cycles to an always-on, AI-powered model. Every order that migrates to the platform is one fewer touchpoint for traditional distributors and one more shipment flowing through Amazon's own logistics network.
Daniel Silverfield, head of value and selection for Amazon Business, said the platform saved customers $880 million on Prime free shipping last year and $1 billion through business-specific discounts. The company added 30% new items year over year and recently launched same-day grocery delivery across 2,300 U.S. cities in the first half of this year, a capability customers had been requesting for some time.
"The big shift that we're seeing is that people are moving to a continuous, always-on, conversational-powered procurement journey where agents may be looking for the best price while they're asleep, maybe negotiating on their behalf while they're asleep, and then surfacing to them the best product to buy," said Silverfield.
#customers
Amazon Business has hit $60 billion in annualized gross sales and now serves 11 million customers worldwide, with 1.8 million organizations added this year alone — a growth rate that puts it on par with a Fortune 100 company if it were standalone. The platform, which launched roughly a decade ago after Amazon noticed businesses already shopping on amazon.com, is increasingly central to how companies across sectors manage procurement, from office supplies to same-day groceries.
The scale matters to shippers, carriers, and brokers because Amazon Business is driving a fundamental shift in B2B purchasing behavior — consolidating supplier pools, centralizing data, and moving procurement from quarterly reporting cycles to an always-on, AI-powered model. Every order that migrates to the platform is one fewer touchpoint for traditional distributors and one more shipment flowing through Amazon's own logistics network.
Daniel Silverfield, head of value and selection for Amazon Business, said the platform saved customers $880 million on Prime free shipping last year and $1 billion through business-specific discounts. The company added 30% new items year over year and recently launched same-day grocery delivery across 2,300 U.S. cities in the first half of this year, a capability customers had been requesting for some time.
"The big shift that we're seeing is that people are moving to a continuous, always-on, conversational-powered procurement journey where agents may be looking for the best price while they're asleep, maybe negotiating on their behalf while they're asleep, and then surfacing to them the best product to buy," said Silverfield.
#customers
23 days ago
On September 11, Elastic (NYSE:ESTC) rolled out Elasticsearch Vector Database, a new serverless offering the company says lets developers ship large-scale vector search and AI applications without stitching together the usual pile of infrastructure themselves. The launch landed less than three weeks after Elastic posted first-quarter fiscal 2027 results on August 27, for the period ended July 31, giving investors a fresh product story to weigh against a quarter that already showed accelerating growth.
The new database automates what used to require manual **** embly: chunking documents, hosting embedding and reranking models, configuring indexes, and wiring query-time retrieval. Elastic built in expert-tuned defaults, a single field type that handles indexing, embeddings, and chunking together, and hybrid search that combines full-text and vector retrieval in one query. The system scales to hundreds of billions of vectors using Elastic's Better Binary Quantization, which the company says shrinks vector memory by up to 32 times while keeping recall high, and pricing is based on data and search capacity rather than the opaque compute units the company says define most pure-play vector database pricing.
That product push follows a quarter that was already running hot. Total revenue reached $478 million in the first quarter of fiscal 2027, up 15% year over year, while current remaining performance obligations grew 21% and remaining performance obligations grew 27%. Sales-led subscription revenue, which strips out Monthly Elastic Cloud, grew 18% year over year to $399 million, outpacing the company's overall subscription growth.
Elastic added more customers with annual contract value above $100,000 than in any prior quarter, pushing that cohort past 1,800 from over 1,720 in the fourth quarter of fiscal 2026 and over 1,550 a year earlier. Net expansion rate held around 111%, and the company generated $143 million in adjusted free cash flow during the quarter. Guidance for the second quarter of fiscal 2027, ending October 31, calls for revenue of $486 million to $487 million and a swing to positive GAAP operating margin, with full fiscal 2027 non-GAAP operating margin guided to roughly 19.4%, up from 16.2% in the quarter just reported.
Growth came with a reminder that Elastic has not fully crossed into GAAP profitability. The company posted a GAAP operating loss of $24 million in the first quarter of fiscal 2027, a -5% operating margin, and a GAAP net loss per share of $0.16. Non-GAAP figures told a healthier story, with $77 million in non-GAAP operating income and $0.70 in non-GAAP diluted earnings per share, but the gap between the two measures shows how much of Elastic's reported profitability still depends on excluding real costs like stock-based compensation.
#elastic #vector #company
The new database automates what used to require manual **** embly: chunking documents, hosting embedding and reranking models, configuring indexes, and wiring query-time retrieval. Elastic built in expert-tuned defaults, a single field type that handles indexing, embeddings, and chunking together, and hybrid search that combines full-text and vector retrieval in one query. The system scales to hundreds of billions of vectors using Elastic's Better Binary Quantization, which the company says shrinks vector memory by up to 32 times while keeping recall high, and pricing is based on data and search capacity rather than the opaque compute units the company says define most pure-play vector database pricing.
That product push follows a quarter that was already running hot. Total revenue reached $478 million in the first quarter of fiscal 2027, up 15% year over year, while current remaining performance obligations grew 21% and remaining performance obligations grew 27%. Sales-led subscription revenue, which strips out Monthly Elastic Cloud, grew 18% year over year to $399 million, outpacing the company's overall subscription growth.
Elastic added more customers with annual contract value above $100,000 than in any prior quarter, pushing that cohort past 1,800 from over 1,720 in the fourth quarter of fiscal 2026 and over 1,550 a year earlier. Net expansion rate held around 111%, and the company generated $143 million in adjusted free cash flow during the quarter. Guidance for the second quarter of fiscal 2027, ending October 31, calls for revenue of $486 million to $487 million and a swing to positive GAAP operating margin, with full fiscal 2027 non-GAAP operating margin guided to roughly 19.4%, up from 16.2% in the quarter just reported.
Growth came with a reminder that Elastic has not fully crossed into GAAP profitability. The company posted a GAAP operating loss of $24 million in the first quarter of fiscal 2027, a -5% operating margin, and a GAAP net loss per share of $0.16. Non-GAAP figures told a healthier story, with $77 million in non-GAAP operating income and $0.70 in non-GAAP diluted earnings per share, but the gap between the two measures shows how much of Elastic's reported profitability still depends on excluding real costs like stock-based compensation.
#elastic #vector #company
23 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
OpenAI ruled out an initial public offering for 2026 on Saturday, pointing to unresolved safety concerns around rapidly advancing artificial intelligence and the need to address alignment challenges facing the industry.
"Right now would be an ill-advised moment to go public, and we don't feel pressure on that," CEO Sam Altman told Fortune.
When Fortune asked whether 2027 was more realistic than 2026, he said, "I would say not 2026. We have a lot of work to do, including meeting the safety and alignment requirements of this moment and figuring out how the industry and governments can work together."
Don't Miss:
#fortune #public #work
OpenAI ruled out an initial public offering for 2026 on Saturday, pointing to unresolved safety concerns around rapidly advancing artificial intelligence and the need to address alignment challenges facing the industry.
"Right now would be an ill-advised moment to go public, and we don't feel pressure on that," CEO Sam Altman told Fortune.
When Fortune asked whether 2027 was more realistic than 2026, he said, "I would say not 2026. We have a lot of work to do, including meeting the safety and alignment requirements of this moment and figuring out how the industry and governments can work together."
Don't Miss:
#fortune #public #work
24 days ago
Six Anthropic cofounders made their debut on the Forbes 400 list of America's wealthiest people on Tuesday, with a combined net worth of $93 billion. Daniela Amodei, Dario Amodei, Tom Brown, Jack Clark, Jared Kaplan, and Sam McCandlish are each worth an estimated $15.5 billion, according to Forbes.
The six cofounders left OpenAI in 2021 to found Anthropic and have built the company into a significant competitor in the artificial intelligence industry, partly through the popularity of its Claude chatbot. Their fortunes rose in May, when Anthropic closed a funding round that more than doubled the estimated value of their individual stakes of roughly 1.6% each, according to Forbes. A seventh cofounder holds Canadian citizenship and does not appear on the list.
The Anthropic group ranked among the most prominent of 34 first-time entrants to this year's Forbes 400, which set a record minimum net worth of $4.4 billion, up from $3.8 billion in 2025. America's 400 wealthiest people are collectively worth $8 trillion, up from $6.6 trillion a year ago. The 34 newcomers account for $321 billion of that total.
The AI sector drove the largest share of new entrants, with 15 of the 34 newcomers drawing their wealth from the industry. OpenAI cofounder Greg Brockman topped the new members, debuting at No. 45 overall with an estimated $25.5 billion fortune. Robotics entrepreneur Brett Adcock ranked second among newcomers with an estimated $23.4 billion net worth, while investor Antonio Gracias, an early backer of multiple Elon Musk companies, placed third at $17.1 billion.
The Anthropic cofounders' arrival on the list follows a period of rapid growth at the company. Anthropic posted $11.6 billion in revenue in the second quarter, surpassing OpenAI's $6.7 billion for the same period — the first time Anthropic had led its rival on that measure. Anthropic also recorded a small adjusted operating profit of $559 million in the quarter, according to Forbes.
#estimated
The six cofounders left OpenAI in 2021 to found Anthropic and have built the company into a significant competitor in the artificial intelligence industry, partly through the popularity of its Claude chatbot. Their fortunes rose in May, when Anthropic closed a funding round that more than doubled the estimated value of their individual stakes of roughly 1.6% each, according to Forbes. A seventh cofounder holds Canadian citizenship and does not appear on the list.
The Anthropic group ranked among the most prominent of 34 first-time entrants to this year's Forbes 400, which set a record minimum net worth of $4.4 billion, up from $3.8 billion in 2025. America's 400 wealthiest people are collectively worth $8 trillion, up from $6.6 trillion a year ago. The 34 newcomers account for $321 billion of that total.
The AI sector drove the largest share of new entrants, with 15 of the 34 newcomers drawing their wealth from the industry. OpenAI cofounder Greg Brockman topped the new members, debuting at No. 45 overall with an estimated $25.5 billion fortune. Robotics entrepreneur Brett Adcock ranked second among newcomers with an estimated $23.4 billion net worth, while investor Antonio Gracias, an early backer of multiple Elon Musk companies, placed third at $17.1 billion.
The Anthropic cofounders' arrival on the list follows a period of rapid growth at the company. Anthropic posted $11.6 billion in revenue in the second quarter, surpassing OpenAI's $6.7 billion for the same period — the first time Anthropic had led its rival on that measure. Anthropic also recorded a small adjusted operating profit of $559 million in the quarter, according to Forbes.
#estimated
24 days ago
On September 11, Elastic (NYSE:ESTC) rolled out Elasticsearch Vector Database, a new serverless offering the company says lets developers ship large-scale vector search and AI applications without stitching together the usual pile of infrastructure themselves. The launch landed less than three weeks after Elastic posted first-quarter fiscal 2027 results on August 27, for the period ended July 31, giving investors a fresh product story to weigh against a quarter that already showed accelerating growth.
The new database automates what used to require manual ***** embly: chunking documents, hosting embedding and reranking models, configuring indexes, and wiring query-time retrieval. Elastic built in expert-tuned defaults, a single field type that handles indexing, embeddings, and chunking together, and hybrid search that combines full-text and vector retrieval in one query. The system scales to hundreds of billions of vectors using Elastic's Better Binary Quantization, which the company says shrinks vector memory by up to 32 times while keeping recall high, and pricing is based on data and search capacity rather than the opaque compute units the company says define most pure-play vector database pricing.
That product push follows a quarter that was already running hot. Total revenue reached $478 million in the first quarter of fiscal 2027, up 15% year over year, while current remaining performance obligations grew 21% and remaining performance obligations grew 27%. Sales-led subscription revenue, which strips out Monthly Elastic Cloud, grew 18% year over year to $399 million, outpacing the company's overall subscription growth.
Elastic added more customers with annual contract value above $100,000 than in any prior quarter, pushing that cohort past 1,800 from over 1,720 in the fourth quarter of fiscal 2026 and over 1,550 a year earlier. Net expansion rate held around 111%, and the company generated $143 million in adjusted free cash flow during the quarter. Guidance for the second quarter of fiscal 2027, ending October 31, calls for revenue of $486 million to $487 million and a swing to positive GAAP operating margin, with full fiscal 2027 non-GAAP operating margin guided to roughly 19.4%, up from 16.2% in the quarter just reported.
Growth came with a reminder that Elastic has not fully crossed into GAAP profitability. The company posted a GAAP operating loss of $24 million in the first quarter of fiscal 2027, a -5% operating margin, and a GAAP net loss per share of $0.16. Non-GAAP figures told a healthier story, with $77 million in non-GAAP operating income and $0.70 in non-GAAP diluted earnings per share, but the gap between the two measures shows how much of Elastic's reported profitability still depends on excluding real costs like stock-based compensation.
#quarter #fiscal #year #operating
The new database automates what used to require manual ***** embly: chunking documents, hosting embedding and reranking models, configuring indexes, and wiring query-time retrieval. Elastic built in expert-tuned defaults, a single field type that handles indexing, embeddings, and chunking together, and hybrid search that combines full-text and vector retrieval in one query. The system scales to hundreds of billions of vectors using Elastic's Better Binary Quantization, which the company says shrinks vector memory by up to 32 times while keeping recall high, and pricing is based on data and search capacity rather than the opaque compute units the company says define most pure-play vector database pricing.
That product push follows a quarter that was already running hot. Total revenue reached $478 million in the first quarter of fiscal 2027, up 15% year over year, while current remaining performance obligations grew 21% and remaining performance obligations grew 27%. Sales-led subscription revenue, which strips out Monthly Elastic Cloud, grew 18% year over year to $399 million, outpacing the company's overall subscription growth.
Elastic added more customers with annual contract value above $100,000 than in any prior quarter, pushing that cohort past 1,800 from over 1,720 in the fourth quarter of fiscal 2026 and over 1,550 a year earlier. Net expansion rate held around 111%, and the company generated $143 million in adjusted free cash flow during the quarter. Guidance for the second quarter of fiscal 2027, ending October 31, calls for revenue of $486 million to $487 million and a swing to positive GAAP operating margin, with full fiscal 2027 non-GAAP operating margin guided to roughly 19.4%, up from 16.2% in the quarter just reported.
Growth came with a reminder that Elastic has not fully crossed into GAAP profitability. The company posted a GAAP operating loss of $24 million in the first quarter of fiscal 2027, a -5% operating margin, and a GAAP net loss per share of $0.16. Non-GAAP figures told a healthier story, with $77 million in non-GAAP operating income and $0.70 in non-GAAP diluted earnings per share, but the gap between the two measures shows how much of Elastic's reported profitability still depends on excluding real costs like stock-based compensation.
#quarter #fiscal #year #operating
