Elon Musk and others urging people to have more kids are essentially calling for a Ponzi scheme, experts say
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“It relies on new entrants to produce returns for earlier investors, with the burdens falling most heavily on women, who are responsible for the bulk of childbearing and child-rearing, often without adequate medical care or affordable childcare.”
Harris proposes 10x increase in small business startup deduction to $50,000
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The new figure is meant to support the average $40,000 cost for starting a small business.
https://fortune.com/2024/09/03/harris-10x-increase-small-business-startup-deduction-50000-tax-plan/
Goldman Sachs predicts stronger GDP and job growth if Democrats sweep White House and Congress
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Trump’s likely tariff hikes on China, the EU and Mexico would lead to an inflationary bump, with a peak impact of 30 to 40 basis points on the Federal Reserve’s preferred price gauge, the bank’s economists wrote.
Top tech bull compares Nvidia to LeBron James in high school as AI boom accelerates
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"They came, they delivered," Wedbush's Dan Ives said after Nvidia reported earnings. "And I think for tech, this is going to put fuel in that rally."
Tennis players may live 10 years longer. How the sport boosts physical and mental health
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Inspired watching the U.S. Open? It’s never too late to pick up a racket.
https://fortune.com/well/article/tennis-players-live-longer/
Gen Z and millennials are dumping Tinder and daters are flocking to Hinge instead
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Tinder is facing an identity crisis, as it can’t ditch its reputation as a hook-up only app.
https://fortune.com/2024/09/03/gen-z-millennials-dating-apps-fatigue-tinder-hinge-match-group/
Goldman Sachs predicts stronger GDP and job growth if Democrats sweep White House and Congress
?w=2048
Trump’s likely tariff hikes on China, the EU and Mexico would lead to an inflationary bump, with a peak impact of 30 to 40 basis points on the Federal Reserve’s preferred price gauge, the bank’s economists wrote.
If you inherit $1 million—or any amount—this is the first thing you should do, says financial planner
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A wealth advisor who specializes in inheritances offers millennials and Gen Z advice on the great wealth transfer.
Best online checking accounts for September 2024
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Maximize your money with our guide on the best online checking accounts
https://fortune.com/recommends/banking/best-online-checking-accounts/
If you inherit $1 million—or any amount—this is the first thing you should do, says financial planner
?w=2048
A wealth advisor who specializes in inheritances offers millennials and Gen Z advice on the great wealth transfer.
Trump vs. Harris: Which candidate has the better plan for America’s $35 trillion national debt?
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“We think of the United States as too big to fail. It’s not actually true.[
https://fortune.com/2024/09/01/trump-vs-harris-tax-plans-national-debt-us-deficit/
Startup guru Paul Graham eviscerates Silicon Valley’s conventional wisdom about founders
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"VCs who haven't been founders themselves don't know how founders should run companies, and C-level execs, as a class, include some of the most skillful liars in the world."
Temu parent tops Tesla with biggest cash pile of any public company that doesn’t pay investors
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PDD Holdings, the parent company of Chinese e-commerce giants Temu and Pinduoduo, has a cash pile that totals $38 billion, according to the FT.
https://fortune.com/2024/09/01/temu-parent-pdd-cash-holdings-tesla-dividends-share-buybacks-china/
Faced with bullish bosses, workers in Japan hire firms to help them quit
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Japan is at a crossroads, as the government attempts to reinvent a workaholic culture
https://fortune.com/2024/09/03/japan-workers-hire-companies-to-quit-exit-momuri-albatross/
Ryanair’s Michael O’Leary is considering copying rival EasyJet by launching package holidays as rock-bottom fares fail to draw profits
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“The holiday product is probably a reasonable way of charging higher fares,” the Ryanair boss said.
Some Paralympic athletes will receive 75% less than their Olympic peers for winning a gold medal
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"Ultimately, I do this because I love it. We want parity and that's what we push for every time."
https://fortune.com/2024/09/02/paralympic-athletes-payment-prize-parity-olympic-medalists/
Some Paralympic athletes will receive 75% less than their Olympic peers for winning a gold medal
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"Ultimately, I do this because I love it. We want parity and that's what we push for every time."
https://fortune.com/2024/09/02/paralympic-athletes-payment-prize-parity-olympic-medalists/
People trying to access Elon Musk’s X in Brazil face daily fines greater than their annual wage
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Musk’s feud with Brazil has become a global flash point in the debate around how far governments can go to police protected free speech in a democracy.
https://fortune.com/2024/09/02/elon-musk-brazil-alexandre-de-moraes-ban/
Meghan Markle explains her investing approach as portfolio expands
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"The quality of a brand’s products, the supply chain, ethical standards and practices—these are all things that I consider before making an investment," Meghan said.
Astrid & Miyu’s founder bought two flats in her 20s—one paid for her MBA and the other funded her $45 million-a-year jewelry brand
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Astrid & Miyu founder Connie Nam unwinds from the stress of running 22 jewelry shops with fortnightly manicures and monthly massages.