Economy
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Oracle gave Larry Ellison and his co-CEOs nearly $1 billion in stock options. By fiscal year end, all were underwater
Oracle awarded co-founder Larry Ellison and its newly minted co-CEOs stock option packages with a combined grant-date value of $988 million in fiscal 2026, a year that saw its cloud business boom and shares post a 38% total return. By the time the fiscal year ended on May 31, every one of those options were…
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We’re researchers tracking the nonprofit crisis. Philanthropy’s response is not enough
The social sector is in severe distress. Nonprofits serving communities across the US have faced an existential crisis since January 2025, when the Trump administration and its allies in Congress began a series of actions targeting the sector. Nonprofits have been reeling from these actions, even as demand for their services has increased as a…
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Nearly half of home sellers are now offering incentives to unload their properties—even $20,000 in concessions and all-expenses-paid cruises
One real estate agent in Atlanta offered their client a free week-long vacation in an Airbnb owned by the home’s seller as part of a home-buying deal. Another in Charlotte, North Carolina offered an all-expenses-paid cruise. As the buyer’s market continues, home sellers have had to get creative in incentivizing their sales, and it’s led…
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Harvard’s last Affirmative Action program is for the rich
Harvard has a secret backdoor. Most applicants have never heard of it. Harvard doesn’t advertise it on its admissions website. There’s no box to check on the Common Application. Yet each year, a small cohort of applicants is offered admission through a different pathway. They don’t enroll with the incoming class. Harvard admits them on…
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Alo is defying China’s consumer slowdown, selling $1.5 million in one minute and planning 8 more stores
Chinese consumers are keeping a tight grip on their wallets—but apparently not when it comes to Alo. Retail sales in China rose just 0.4% year over year in August, half the pace economists polled by Reuters had expected. Weak consumption and a prolonged property downturn had already helped drag second-quarter GDP growth to 4.3%, the…
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How Japan went from a rice shortage to a rice surplus in two years, as climate change, tourism, and a U.S. trade fight collided
In 2023, extreme heat and drought damaged Japan’s rice crop, and a year later, that damage turned into a national shortage so severe, it forced a government minister to resign. By 2026, Japan had swung so far in the opposite direction that it was sitting on a record surplus, forcing the government to buy rice…
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He washed dishes beneath BlackRock’s headquarters, landed his dream job there—then quit to build his family’s restaurant empire
Anthony Scotto III already knows what he wants to do when his rapidly expanding restaurant business finally gives him a moment to breathe: travel to the small Italian island of Ischia and, with a handwritten family address in hand, knock on the door and hope whoever answers doesn’t tell him to get lost. But first,…
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Tigers, Astros Legend Justin Verlander Sends Blue Jays Message Just Before Final Start
The Detroit Tigers’ future Hall of Famer pointed to a Houston Astros game against the Toronto Blue Jays shortly before retiring.
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Phillies’ Award-Winning Castoff Joins Rival Just One Week After Cut
The Philadelphia Phillies received an update on their 24-year-old castoff shortly after releasing him.