Lululemon’s Billionaire Founder Splits From Wife With $6 Billion and No Prenup at Stake
A $6 Billion Fortune With No Legal Guardrails Chip Wilson is divorcing his wife of more than two decades without a prenuptial agreement, leaving a fortune Bloomberg values at $6.1 billion to be divided by a Canadian court. For a man who built one of…
European Nations Are Pulling Their Gold From America and the Reasons Are Alarming
A Quiet but Massive Financial Retreat Billions of dollars in gold are on the move — away from American vaults. In what is becoming one of the most telling financial stories of 2026, European nations are systematically pulling their gold reserves out of North America,…
Strong Jobs Numbers Rattle Markets and Put a Fed Rate Hike Back on the Table
A Jobs Report Nobody on Wall Street Wanted U.S. stocks fell and Treasury yields rose on Friday, September 5, after the government reported that employers unexpectedly added 162,000 jobs last month — a development that could increase the chances that the U.S. central bank will…
Costco Shuts Down Its Hidden Discount Marketplace With No Warning to Members
A Beloved Perk Disappears Overnight Millions of Costco members woke up this week to find one of the warehouse giant’s most beloved hidden perks had quietly vanished. Costco Next, an online marketplace that members often regarded as one of the retailer’s most coveted hidden perks,…
Norway’s Massive Oil Fund Is Pulling $80 Billion Out of US Treasuries
A Historic Shift Away from US Government Debt The manager of Norway’s $2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure to U.S. Treasuries as part of a wider shake-up of its bond investments to improve returns. It’s a move that signals growing…
Wall Street Ends Its Losing Streak as Fed Rate-Hike Fears Begin to Fade
A Rough Week Gets a Welcome Reprieve After three bruising days of losses, Wall Street finally caught its breath. Stocks rose on Wednesday as U.S. Treasury yields took a breather from the recent run-up that had sent them to multiyear highs. The S&P 500 advanced…
Snowflake Stock Surges 22% as AI Products Fuel Blockbuster Quarter
A Blowout Quarter That Caught Wall Street Off Guard Snowflake shares rose 22% in extended trading on Wednesday, September 3, after the data analytics software maker reported results and guidance that surpassed expectations. The jump was stunning even by the standards of a company that…
AI Is Triggering the Largest Infrastructure Investment Boom in Human History
A Number That Defies Comprehension Thirty-one-point-six trillion dollars. That figure — the amount the world is projected to spend on data centers through 2050 — is so large it barely registers at first glance. To put it in perspective: the entire U.S. gross domestic product…
Broadcom Posts Record AI Revenue but Guidance Disappointment Sends Shares Sliding
A Record Quarter That Wall Street Shrugged Off On paper, Broadcom’s fiscal third-quarter results looked like a triumph. The company reported record third-quarter revenue, operating income, and free cash flow, driven by sharply higher demand for artificial intelligence semiconductors and custom AI accelerators, with revenue…
Bond Yields Hit an 18-Year High and Your Wallet Is Already Feeling It
A Global Selloff With No Easy Exit Global bond yields have climbed to their highest level in almost two decades, as rising oil prices fuel inflation concerns and investors ramp up expectations that the Federal Reserve will raise interest rates. The sheer breadth of the…
