A golden age of corporate profits
Data: U.S. Bureau of Economic Analysis, FactSet; Chart: Axios/Matt Phillips; Note: After-tax profit data includes inventory and capital depreciation adjustments.
Axios AI+2 min read
Wealth
7 stories
Meet Aurora: the invite-only, $10,000-a-year AI concierge that anticipates the ultra-wealthy’s every need
Backed by $12 million from VCs and family offices, Aurora pairs AI with human tastemakers to manage members’ health, travel, and dining.
Fortune AI4 min readThe surprising post-pandemic drop in income inequality
Data: Federal Reserve Survey of Consumer Finances; Chart: Neil Irwin/AxiosMiddle- and lower-earners' inflation-adjusted incomes rose during the Biden years — but high earners saw their incomes fall.That's a surprising finding from one of the most thorough datasets on American household finances,…
Axios AI+3 min readHow to find out if your kid will get $250 from Michael and Susan Dell in their Trump Account this week
Michael and Susan Dell's $6.25 billion gift is being distributed across the Trump Accounts of 25 million children this week.
Business Insider - AI3 min readPresident Trump ranks 12th among the country's richest real estate moguls. Meet the other billionaires in his industry.
President Trump is worth $7 billion, and he earned a bulk of it in real estate. But there are several men who made more than him in the same industry.
Business Insider - AI4 min readElon Musk is a trillionaire again
Elon Musk is once again a trillionaire, a title he initially held in June after SpaceX's blockbuster IPO.
Business Insider - AI2 min readOlder Americans are afraid to spend their riches in retirement
Prudential Financial's Retirement Pulse survey shows retirees fear spending savings and prefer guaranteed income to avoid financial insecurity.
Business Insider - AI5 min read
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