Daily Dozen | Forbes: Billionaire Cheese King Prevails; Nuclear Fusion Breakthrough; Pickleball Investing Wave
Stoop Dreams: Anna Sorokin (flashing her ankle bracelet) on the steps of her East Village apartment, where she remains under house arrest.
CELESTE SLOMAN FOR FORBES
Consumer prices rose less than expected last month, and jumped 7.1% on an annual basis. Hedge fund billionaire Ken Griffin is suing the IRS, alleging a lack of safeguards that led to a report revealing confidential tax information of some of America’s wealthiest people last year. Plus, Forbes released its America’s Top 100 Charities 2022 list and NHL Team Values 2022 ranking.
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In The News Today
- U.S. prosecutors unsealed the indictment against Sam Bankman-Fried, revealing the FTX boss and one-time cryptocurrency billionaire has been charged with eight criminal counts including wire fraud, money laundering and campaign finance violations.
- Senator Marco Rubio (R-Fla.) announced bipartisan legislation Tuesday to ban TikTok in the U.S., citing national security concerns that the app, which is owned by Chinese firm ByteDance, could be used to spy on Americans.
Top Take-Aways
Consumer prices rose 7.1% on an annual basis, the latest report showed Tuesday, which is lower than economists expected and the lowest level since December 2021. Experts still caution investors against celebrating too early as prices for rent, car insurance, education, among others, remain stubbornly high. More: Stocks jumped early Tuesday as investors welcomed the inflation report; the Dow increased 1.5% while the S&P 500 and Nasdaq rose 2.3% and 3.2%, respectively, before gains eased throughout the rest of the day.
Chicago-based food bank umbrella Feeding America shook up our America’s Top 100 Charities 2022 list by snagging the No. 1 spot thanks to $4.06 billion in donations, a 47% increase in its two fiscal years overlapping the pandemic. The shift in giving reflects a pandemic-heightened awareness of food insecurity in the U.S., with a…
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