A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a … Read more
The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers. The government has not ruled out breaking up one of the largest companies in the world, with a Justice Department official saying on a briefing … Read more
Terry Vine | Getty Images Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study. By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies per female, research published … Read more
Apple CEO, Tim Cook, testifies before the Senate Homeland Security and Governmental Affairs Committee’s Investigati Getty Images The U.S. Department of Justice sued Apple on Thursday, accusing it of using the iPhone’s market power to cut off rivals, kicking off a multiyear process involving hundreds of lawyers and threatening Apple’s “walled garden” business model. If … Read more
Retiring in the U.S. can be expensive. In Florida, often the favorite state of the nation’s retirees, settling down to enjoy your golden years can cost as much as $58,396 a year. That’s one reason why many Americans choose to leave the States and retire abroad. Nearly 450,000 people received their Social Security checks outside … Read more
Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images) David Butow | Corbis News | Getty Images Electric vehicle maker Tesla has settled a racist discrimination lawsuit in which a federal jury previously awarded $3.2 million in damages to Owen Diaz, a Black man … Read more
Microsoft has started to make changes to its Copilot artificial intelligence tool after a staff AI engineer wrote to the Federal Trade Commission Wednesday regarding his concerns about Copilot’s image-generation AI. Prompts such as “pro choice,” “pro choce” [sic] and “four twenty,” which were each mentioned in CNBC’s investigation Wednesday, are now blocked, as well … Read more
Female members of the Ukrainian Army’s 128th Carpathian Mountain Assault Brigade train in different combat scenarios as they prepare to join the frontline in Zaporizhzhia, Ukraine on July 15, 2023. Anadolu | Anadolu | Getty Images War, the military, combat, the frontline — all traditionally seen as a “man’s world” despite the many official and … Read more
U.S. President Joe Biden issued an executive order Wednesday intended to safeguard the personal data of American citizens from countries deemed hostile. The executive order centers on the business of selling people’s personal information, in which companies and so-called data brokers collect and trade data. The Biden Administration is worried that data brokers and other … Read more
Mark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives are facing a grilling from lawmakers concerned about child exploitation and safety on their services. The three CEOs—who lead Meta, X (formerly known as Twitter) and Snap, respectively—are in Washington on Wednesday alongside TikTok CEO Shou Zi Chew and Discord CEO Jason Citron, … Read more
