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NewsOctober 17, 20264 min read

Louis Vuitton won its $1.5 million fight with a beloved Chinese tea chain. The backlash may have cost it hundreds more

The trouble started with a flower. Louis Vuitton sued Chinese milk tea chain Molly Tea over its four-petaled logo that it argued looked too much like its famous monogram. The…

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NewsOctober 17, 20268 min read

2% of donors supply 89% of college giving — something is going to give

In 1638, John Harvard, an English-born Puritan minister and teacher in the Massachusetts Bay Colony, bequeathed 400 books and half his £779 estate, today equivalent to roughly US$2 million, to…

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NewsOctober 17, 20264 min read

‘They are in a casino’: Broadcom is making billions off the AI boom, but CEO Hock Tan said many AI investors have ‘no clue’ what they’re investing in

Hyperscalers are pouring billions into data centers, and Broadcom, which designs custom AI chips for them, has been one of the biggest beneficiaries. The company has generated about $68 billion…

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NewsOctober 17, 20263 min read

Blackstone’s Wesley LePatner did it ‘all at once.’ The foundation made in her honor wants 1,000 leaders to master work, civic life, and philanthropy

In July 2025, Wesley LePatner kept bringing up the same worry with her husband. She was already stretched thin by many measures. She ran a Blackstone real estate fund, chaired…

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NewsOctober 17, 20263 min read

Gen Z outspent every other generation on art last year—a fine arts executive says the internet and new wealth are supercharging their buying habits

Gen Z is stepping into new wealth; the young generation amassed $9 trillion in income back in 2023, and by 2030, their earnings are expected to shoot up to $36…

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NewsOctober 17, 20267 min read

Mortgage rates today, Oct. 16, 2026: Rates take a step down

The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 7.253%, down from the day before, according to data from Mortgage Research Center. Meanwhile, the…

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NewsOctober 17, 20267 min read

Current refi mortgage rates report for Oct. 16, 2026

The current average refinance rate on a 30-year, fixed-rate home loan is 7.318%, according to Mortgage Research Center data. If you’re a homeowner hoping to refinance your mortgage for a…

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NewsOctober 17, 20265 min read

Gen Z founders are hiring as boomers’ corporate America freezes them out: ‘I’ve already proven to myself that I can thrive in this’

A low-hire, low-fire labor market has made breaking into the workforce brutally hard for Gen Z. But while most young people are struggling to land their first opportunity, some have…

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NewsOctober 17, 20266 min read

CoreWeave investor explains how the loss-making AI ‘neocloud’ provider plans to claw its way out of debt

Shares in the AI “neocloud” provider CoreWeave fell 15.46% on Wednesday, and fell a further 5.62% in post-market trading, after venture capitalist Chamath Palihapitiya posted on X a chart showing…

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NewsOctober 17, 20266 min read

Top CD rates today, Oct. 16, 2026: Lock in up to up to 5.25%

The top-performing certificates of deposit on the market offer rates up to 5.25% APY (annual percentage yield) as of Oct. 16, 2026. With the Federal Reserve having made three federal…

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Current price of Bitcoin for October 30, 2026

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Current price of oil as of October 30, 2026

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Trump slammed Biden-Harris for the ‘war on energy’ during his 2024 campaign. Now he’s rolling back Biden-era regulations as gas sits above $4 a gallon

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‘Setting the planet on fire’: Richest 0.1% emit more carbon than poorest 3.5 billion, Oxfam says

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