The Independent

 The Ambanis have topped the list of the most valuable family businesses with a valuation that is equivalent to 10 per cent of India’s Gross Domestic Product (GDP), according to a Barclays-Hurun India report.Reliance Industries, which is part of the Ambani family’s Rs25.75 trillion (£239.47bn) empire, runs India’s leading conglomerates in petroleum refining and marketing, oil and gas, organised retail, telecommunication, and other digital streaming services.The Ambanis and their wealth have been a source of both fascination and outrage over this year.Mukesh Ambani’s 29-year-old son Anant’s over-the-top wedding festivities started in March and finally culminated in a three-day extravagant...

The numbers behind the staggering wealth of Asia’s richest family

Business Insider

Gautam Adani plans to retire at 70, in a transition that a family business professor said avoids "King Charles Syndrome."

Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while

Reuters

(Reuters) - India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China. With India's economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palate by launching new flavors and size variants aimed at attracting the country's vast population and untapped rural market.

From PepsiCo to P&G, India becomes next big growth bet as China lags

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

According to an article by Spencer Jacob for the Wall Street Journal (WSJ), which was published earlier today, investment expert Mark Spitznagel is concerned about the potential upcoming bursting of the “greatest bubble in human history.”. Spitznagel is an American investor and hedge fund manager best known for founding...

U.S. Stock Market Warning: The ‘Greatest Bubble in Human History’ Could Be About to Burst, Claims Investment Guru

Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that...

Japan Dumps $22,000,000,000 in US Treasuries in One Month As Government Mounts Billion-Dollar Battle To Prop Up Currency

Americans who locked up jobs, homes, and stocks a few years ago have seen their wealth balloon. Everyone else missed out.

Americans who locked in a job, home, and stocks are thriving. Everyone else missed out on their ticket to wealth.

Global equities markets began the week with a steep plunge, reacting to the possibility of a coming US recession that Goldman Sachs economists pegged at 25 percent.On Monday morning, the Dow Jones Industrial Average fell 945 points, or nearly 2.5 percent, to ​​38,791.28. In simple terms, if on Friday you had $100 in a fund tracking the Dow, you would now have about $97.50. The two other major indexes, the S&P 500 and the Nasdaq Composite, were down mid-morning by roughly 3 percent and 6 percent, respectively. At the end of the session, the Dow was down 2.6 percent, sliding...

Experts are warning of a global recession. Here’s what that actually means

The Motley Fool

The estimated $31.3 billion Buffett has put to work in Apple is dwarfed by the amount of money he's spent regularly purchasing shares of this top-performing company.

Billionaire Warren Buffett Has Purchased $77 Billion of His Favorite Stock, Which Is More Than Double What He's Spent Buying Shares of Apple!

New York City, NY

It was cause to celebrate in the Big Apple when Rethink Food launched its Sustainable Community Kitchen in New York City’s Greenwich Village in March. Over the past few months, the space has become a flourishing hub for community engagement and raising awareness for food scarcity in the city that never sleeps. The space houses a team of chefs and culinary experts to prepare community meals on-site. That food is then delivered to community-based organizations like schools and churches.

Rethink Food, Matt Jozwiak Debut Rethink Supper Club To Bring Tasteful Awareness to Hunger

Indian conglomerate Bharti Global is poised to become a 24.5% shareholder in BT, buying French media giant Altice’s stake in the firm, it said on Monday.The business giant said it has entered into a binding agreement with Altice to buy a 9.99% stake in BT.A further 14.51% stake is pending national security clearance from the UK Government, it said, adding that it has “no intention of making an offer to acquire the company”.Bharti Global said the investment is “a vote of confidence in the UK as an attractive global destination for investment, with a stable business and policy environment attractive...

Indian telecoms giant Bharti to take 24.5% stake in BT

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

PDD Holdings helps manufacturers sell directly to an audience that is hard for them to reach. Broadcom is crucial to most aspects of modern-day telecom, and that's not changing anytime soon. Beverage giant Coca-Cola exemplifies the power of carrying out slow and steady progress. The business doesn't have to be...

3 Stocks That Could Be Easy Wealth Builders

Container traffic from China to North America set a monthly record in June as shippers looked to get ahead of supply chain disruptions closer to the holiday retail season. An eastbound total of 1.36 million twenty-foot equivalent units made June the eighth-highest month ever, behind only the all-time volumes seen amid the COVID-19 bottlenecks of late 2020 and 2021.

June sets record for China-US containers

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Jacksonville, FL

Jacksonville Today

The Wells Fargo name is gone from the Downtown skyline. The name atop the former Wells Fargo Center was removed Sunday . A helicopter flew away each of the 20 letters and deposited them at a lot across from the Maxwell House Coffee plant on East Bay Street.

Wells Fargo name removed from Downtown tower

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

The aptly named Oracle of Omaha has purchased shares of his favorite stock for 24 consecutive quarters.

Warren Buffett's Latest $345 Million Buy Brings His Total Investment in This Stock to Almost $78 Billion in 6 Years

Nvidia is dominating the AI revolution thanks to its GPU, data center, and software businesses. Outside of its core platforms, Nvidia has made a number of strategic AI investments to help open up new opportunities. Despite a meteoric rise in share price over the last year, the company's valuation multiples...

A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Stock Set to Soar 77%, According to 1 Wall Street Analyst

The Guardian

Embattled French tycoon to raise funds through deal with billionaire Sunil Bharti Mittal’s conglomerate

India’s Bharti to buy 24.5% BT stake from Patrick Drahi’s Altice

The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s...

JPMorgan Chase Issues Warning To Investors As US National Debt Hits $34,997,540,505,103

NewsBreak

Wealth of the Top 3 Richest Families in India is Equivalent to Singapore’s GDP

The Ambani family, helmed by Mukesh Ambani, has once again secured its position as India’s wealthiest business dynasty, boasting a staggering net worth of approximately $309...

Wealth of the Top 3 Richest Families in India is Equivalent to Singapore’s GDP

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