Just seven stocks – Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms – make up close to $11 trillion in market value and contributed about 75% of returns of the S&P 500 in the first half of 2023, according to a recent Bank of America report. Read full article
The Senate Finance Committee is looking into whether billionaire investor Leon Black's $158 million payment to disgraced financier Jeffrey Epstein was part of a greater strategy to avoid paying over $1 billion in federal gift and estate taxes. Read full article
UPS and the Teamsters have reached a tentative deal on a new contract, potentially avoiding a strike. A labor stoppage could have started as soon as next week and crippled US supply chains and been a multi-billion dollar hit to the economy. Read full article
"Sound of Freedom," a movie about a US federal agent who quit his job to chase child sex traffickers, has become what is, by the numbers, a summer blockbuster, taking in around $125 million in theaters since its debut. But it's relying on an unusual strategy to boost ticket sales. Read full article
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