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News
Malcolm-Jamal Warner’s Widow Says His Mother Sold The $1.6 Million Home He Wanted His Family To Keep
15+ hour, 50+ min ago (306+ words) Malcolm-Jamal Warner’s widow says the fight over his estate has now reached the house where he lived with his wife and daughter. Tenisha Warner alleges that her mother-in-law, Pamela Warner, sold the family’s Studio City home for $1.6 million in May…...
Anthony Scaramucci Says Bessent And Lutnick Have The Same ‘Potomac Fever’ He Once Did
1+ week, 4+ day ago (451+ words) Anthony Scaramucci lasted just 11 days as White House communications director, but nearly a decade later he thinks the experience gave him a diagnosis for what can happen when successful Wall Street figures get close to political power. He calls it…...
A $6.2 Billion Divorce Fight Could Shift The Balance of Power At Two Sigma
1+ week, 5+ day ago (590+ words) The difference isn't simply an argument over how much a billionaire can afford to surrender. Two Sigma’s two founders, Overdeck and David Siegel, each control roughly half of the firm, and they've already spent years locked in a governance struggle…...
Boomers’ $90 Trillion Is Rewriting The Consumer Economy
1+ week, 6+ day ago (505+ words) The numbers make the distinction hard to dismiss. Boomers own about 54% of household stocks and mutual funds, worth close to $30 trillion, and 41% of household real estate, while the Silent Generation controls another $20 trillion that will increasingly move down the generational…...
Trump Says Growth Can Solve The $40 Trillion Debt Problem. A Wharton Economist Says The Math Doesn’t Work.
2+ week, 5+ day ago (338+ words) President Donald Trump and Treasury Secretary Scott Bessent have settled on an appealing answer to a deeply unappealing number. With the national debt now above $40 trillion, both say the United States can grow its way out of the problem. Kent…...
Texas Advisors Convicted In $60 Million Ponzi Scheme Built On Trust
3+ week, 3+ day ago (526+ words) Joshua Allen and Michael Cox spent years persuading people to trust them with their money. This week, a federal jury convicted the two Texas advisors of conspiring in a roughly $60 million Ponzi scheme involving about 500 investors, with prosecutors saying much…...
A Judge Just Barred A Billionaire’s Wife From Testifying In Her Own Divorce
3+ week, 5+ day ago (207+ words) Her lawyers are appealing the ruling, arguing that the sanctions effectively prevent her from receiving a fair hearing. John’s attorneys have taken the opposite view, maintaining that the restrictions are the consequence of a sustained pattern of misconduct that undermined…...
Malcolm-Jamal Warner’s Estate Fight Shows What Happens When The Plan Never Catches Up
3+ week, 5+ day ago (422+ words) The dispute turns an ordinary planning problem into an unusually painful one. Warner’s circumstances had changed, and there was evidence that his planning was supposed to change with them, but intentions and unfinished documents don’t necessarily control property after death....
Phil Knight Moved $9 Billion To His Son. Nike’s Stock Collapse Shows Why The Timing Mattered.
3+ week, 5+ day ago (327+ words) At Nike's highs, the result was extraordinary. The shares transferred through Knight's planning had grown into billions of dollars of family wealth, while Travis also acquired an important role in the structure controlling the company. When Phil Knight retired as…...
A Blind 92-Year-Old Wants To Leave Her Fortune To Charity. Her Stepson Says She’s Being Manipulated.
3+ week, 5+ day ago (368+ words) The woman has no children of her own, but her stepson expected to benefit from the estate after the death of his father. Instead, her later planning directs substantial assets toward charities, leaving him challenging both the circumstances surrounding those…...