The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.

WASHINGTON, DC – JANUARY 20: Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C. Photo by Julia Demaree Nikhinson – Pool/Getty Images.

Shares of Louis Vuitton Moet Hennesy ( LVMUY -1.54%) were moving higher today in symphony with a strong earnings report from luxury peer Richemont ( CFRUY 0.34%), the owner of Cartier. The results seemed to indicate a long-awaited recovery in the luxury sector, and sector stocks broadly gained on the news.

The CEO of Tesla & SpaceX, he holds degrees in physics and economics. He briefly attended the University of Pretoria, before transferring to Queen’s University (Canada), and later to the University of Pennsylvania.

A who's who of tech titans, business magnates, and global elites attended President Donald Trump’s 2025 inauguration, including Musk, Bezos, and Zuckerberg.

Alphabet's Google, along with other companies such as Amazon and Meta, donated $1 million each to Trump's inaugural fund. Trump will likely dial back some of the antitrust policies pursued under former President Joe Biden, potentially including a bid to break up Google over its dominance in online search, experts said.

The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality

EXCLUSIVE. According to the Nobel Prize-winning economist, Europe needs to review its innovation policy, or it will disappear as a geopolitical player.

It's a big week ahead as the U.S. Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025.

President Donald Trump struck a deal for the replacement aircraft during his first term. Boeing is working with Trump advisor Elon Musk on ways to deliver delayed, overbudget Air Force One replacements sooner, CEO Kelly Ortberg said Tuesday.

SpaceX is preparing to launch a Falcon 9 rocket on Monday with Starlink internet-beaming satellites from Cape Canaveral, Florida. The four-hour launch window opens at 2:21 p.m. ET, according to ...

Jan. 24 (UPI) --SpaceX launched a new round of Starlink satellites into lower Earth orbit on its 11th launch of 2025, setting it on pace to break another one-year launch record. The launch from ...