Every company that manages to dominate a market eventually needs something it can never admit it wants: a real rival. Competition is what keeps a leader on its toes, keeps customers from feeling trapped, and keeps regulators from spinning their wheels. A monopoly looks great on a spreadsheet and terrible in a headline. For most…
When Jeff Bezos’ New Glenn rocket burst into a fireball on a Cape Canaveral launch pad late on May 28, the quickest reaction came from its main rival. “Very unfortunate. Rockets are tough,” Elon Musk wrote on X. (1) Must read It was a rare solidarity between two billionaires who have spent a decade trading…
Amazon CEO Jeff Bezos, who by some estimates is the fourth-richest person in the world, has reversed the effort to “tax the rich.” Advocates for eliminating federal income taxes for low-income Americans. In an interview Wednesday with CNBC, Bezos reflected on his upbringing as the son of a Cuban immigrant and a teenage mother, who…
When Chester County resident Mark Edens deposited $980 at an ATM at Navy Federal Credit Union in Paoli, Pennsylvania, in February, he expected the money to appear in his account immediately. Instead, he says the machine spit out an error receipt, rebooted and displayed strange codes, and the money never showed up. Must read “I…
Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below. Social Security benefits appear poised for the so-called “Trump Bump” in 2027. If that sounds like good news, it’s not. In fact, some might call it a symptom of President Donald Trump’s failed economic policy and geopolitical misadventures. That’s…
Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below. Chase C. Hunter became a real estate investor after a Google search and an initial investment of $3,800. At the time, while living in Houston, he looked for places where he could buy cheap property and found ample opportunities…
Although real estate may not be as foolproof or lucrative an investment as it once was, financial mentors like Dave Ramsey still swear by this asset class as a first step to increasing wealth. In a recently resurfaced interview (1) with comedian Theo Von, Ramsey discussed his extensive forays into both commercial and residential real…
Stephen Binder splits his time between Florida and Colorado, which means a lot of driving and paying a lot of tolls. To keep things simple, he maintained two transponders to pay tolls: UniPass issued through the Central Florida Turnpike Authority and a Colorado Express toll device. But recently he realized that having two transponders was…
At its current valuation of $852 billion (1), privately held OpenAI has been a mega winner for a select group of investors. But a recent deal with a retail-oriented brokerage has opened access to the ChatGPT creator. In a recent press release (2), Robinhood says it purchased $75 million in OpenAI common stock to add…
Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below. It’s no surprise that Americans are paying more for their necessities than last year (1). In response, they are tightening their belts, to the point that a Lightspeed survey found that 1 in 4 consumers will buy only necessities…
