A court battle over the late singer Jimmy Buffett's $275 million estate has highlighted the growing litigation over the trillions of dollars in wealth being passed down to spouses and families, experts said.Jimmy Buffett's widow, Jane Buffett, filed a petition last week in a Los Angeles court to remove her...
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Shares of scandal-plagued Brazilian meat giant JBS rise 3% in U.S. public debut
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty ImagesShares of Brazilian meat giant JBS rose during their U.S. public market debut on Friday.The opening trade of $13.65 per share values the company at roughly $30 billion, outstripping rival...
Op-Ed: Wall Street needs to develop its own AI systems, not rely on Big Tech
Wall Street, Manhattan, New YorkAndrey Denisyuk | Moment | Getty ImagesIn the feverish race to adopt artificial intelligence, the financial world stands at a critical juncture. The allure of general-purpose AI, the kind championed by tech giants, is undeniable. But for finance, a realm of intricate regulations and specialized jargon,...
Israel-Iran attacks and the 2 other things that drove the stock market this week
What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel's overnight strike on Iran. Here is a closer look at the three biggest themes that defined the market this week. 1. Geopolitics: The attack on Iranian nuclear infrastructure rippled through financial markets on...
Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia.Sha Hanting | China News Service | Getty ImagesConsumers in the early part of June took a considerably less pessimistic view about the economy and potential surges in inflation as progress appeared possible in the global trade war,...