Tag Archives: rich

‘Sad, if not damning’: Cathie Wood blasts the proxy firms who say Elon Musk’s $1 trillion pay package is just too rich

‘Sad, if not damning’: Cathie Wood blasts the proxy firms who say Elon Musk’s  trillion pay package is just too rich

Investor Cathie Wood, a long-time Tesla bull known for first investing in the company a decade ago at $13 per share, condemned the growing resistance to Tesla CEO Elon Musk’s potential $1 trillion pay package. Over the weekend, the ARK Invest CEO suggested the financial system that’s enabling the pushback against it is the one with the problem, not the …

Read More »

Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke—even after saving for decades

Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke—even after saving for decades

It’s not just Gen Z who can’t afford the cost of living right now. Even wealthy boomers who have retired with at least six figures in savings are feeling the pinch. That’s according to a study from Prudential Financial. The Fortune 500 investment, money management, and retirement planning firm surveyed around 20,000 people over the age of 50 and found retirees …

Read More »

Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke

Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke

It’s not just Gen Z who can’t afford the cost of living right now. Even wealthy boomers who have retired with at least six figures in savings are feeling the pinch. That’s according to a study from Prudential Financial. The Fortune 500 investment, money management, and retirement planning firm surveyed around 20,000 people over the age of 50 and found retirees …

Read More »

Game over for pure LLMs. Even Turing Award Winner Rich Sutton has gotten off the bus.

Game over for pure LLMs. Even Turing Award Winner Rich Sutton has gotten off the bus.

Rich Sutton, recent winner of Turing Award, is well-known for his 2019 unpublished essay called The Bitter Lesson that arguably foresaw the rise of extra-large language models. The central thesis (which I have always felt was overstated) was that progress on AI has always come from scaling, and never from hand engineering. Advocates of LLM scaling love the essay, and …

Read More »

5 Costco Finds Under $50 That Make You Look Rich – AOL.com

5 Costco Finds Under $50 That Make You Look Rich  AOL.com Costco shoppers buzzing over September arrivals, from ‘wild’ offerings to ‘great value’ favorites  Fox News 8 Fall Kirkland Items to Buy From Costco Right Now  Real Simple 7 Best Costco Hidden Gems on Shelves This Week  Eat This Not That Costco’s Men’s Fall Staple is Soft, Stylish and Versatile  parade.com Source link

Read More »

Jerome Powell warns of signs of an AI bubble and an economy leaning too hard on the rich

Jerome Powell warns of signs of an AI bubble and an economy leaning too hard on the rich

For months, Wall Street commentators have fretted that the artificial intelligence boom looks like a bubble, with capital spending – which some analysts estimate could reach $3 trillion by 2028 – fattening a few mega-cap firms, while lower-income workers suffer from a slack labor market.  On Wednesday, they got validation from an unlikely source: the chair of the Federal Reserve.  …

Read More »