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President Donald Trump said Thursday that he is instructing “representatives” to buy $200 billion in mortgage bonds, arguing the move would lower interest rates and monthly housing payments.In a Truth Social post, Trump said the directive was possible because Fannie Mae and Freddie Mac have “$200 billion in cash.” He…
Disney CEO Bob Iger says his company’s major licensing deal with OpenAI is all about establishing a foothold in a new realm of entertainment and engaging younger audiences.The licensing agreement gives ChatGPT and OpenAI’s Sora video platform access to Disney characters like Mickey Mouse and Darth Vader. Disney is also investing…
Amazon founder Jeff Bezos and MacKenzie Scott ended their 25-year marriage in 2019 — and she’s become a major philanthropic force in the years since.On December 9, Scott announced that she’d donated close to $7.2 billion in the past year, bringing her total giving to more than $26 billion. Scott…
Netflix is taking a massive swing at the future of entertainment.The streaming giant is making the biggest acquisition in its history — and one of the largest ever in entertainment — announcing Friday that it has struck a deal to acquire Warner Bros. from Warner Bros. Discovery (WBD) for an…
Billionaire John Morgan sometimes wakes in a rush, grateful to find himself in his own bed instead of the place his mind occasionally drags him at night. In a recurring dream, he’s stranded in an old car with almost no money, unsure how he’ll make it.Morgan, valued at $1.5 billion,…
Chad Tredway charted a fast path into upper management at JPMorgan Chase, rising from an associate during the Financial Crisis to a senior position overseeing the bank’s $20 billion lending business with some of the largest commercial real estate landlords and developers. Business Insider featured Tredway in its first Rising…
Remember when Reels was dismissed as Meta’s attempt to clone TikTok?Well, now the five-year-old app is on track to generate $50 billion a year. It’s turned into a huge win for Meta, and it has become one of the biggest “creator economy” businesses in the world.But that number also makes…
