26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes

Business Insider brings you a personalized selection of our top business stories, every day. Was this email forwarded to you? Sign up for Business Insider here.

$26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes$

26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes

A new analysis finds that Elon Musk had an average tax rate of just 2.1% on his wealth growth from 2013 to 2018.

The top investment strategist at JPMorgan Private Bank explains why the US will dodge a recession even as the housing market inevitably slows — and makes portfolio suggestions for a period of 19% upside in stocks

JPMorgan Private Bank's Tom Kennedy thinks the US can avoid a recession. The strategy chief shared his housing market outlook and top investing ideas.

A Russian businessman has agreed to hire and pay all 62,000 of McDonald's employees in the country following the fast-food chain's exit

Russian businessman Alexander Govor has to rebrand McDonald's in Russia under a new name, which hasn't been revealed yet.

A portfolio manager at billionaire investor Mario Gabelli's $41 billion firm says to buy these 27 stocks that have the pricing power to deliver returns as inflation soars

Kevin Dreyer recommended investing in cash-flow companies that have the necessary pricing power to pass cost inflation onto consumers.

Stablecoin tether has beefed up its Treasury holdings and added over $250 million in non-US government debt to its reserves

The issuer of stablecoin tether now holds over a quarter of a billion dollars in non-US debt as part of its reserves, and it has boosted its Treasury holdings.

Here's what Melvin Capital founder Gabe Plotkin told investors as he liquidates his $7.5 billion hedge fund

A onetime industry star, Plotkin lost billions last year betting against retail traders' favorites, such as GameStop.

A 400-year-old Italian church that's been converted into a home is on the market for $3.32 million — take a look inside

The church is in a tiny Italian village. Its original architectural features have been preserved, with exposed brick archways and a wooden ceiling.

I'm a recruiter who's placed over 700 people at companies like Microsoft, Google, and Facebook. Here are the 3 questions I tell candidates to ask to make sure they won't be on the wrong side of future layoffs.

Tech is in a downturn. As a recruiter for Google, Microsoft, and Facebook, I think job seekers need to ask companies the hard questions.

Goldman Sachs lays out the case for investing more of your money in real assets — and reveals which ones it's most bullish on as the stock market crashes

Goldman Sachs lays out the case for investing in real assets and reveals which ones it's most bullish on as the stock market struggles.

'Wolf of All Streets' crypto trader Scott Melker keeps a 15% cash allocation precisely for market environments like this. Here's the 10 tokens and stocks he snapped up last week — and the pocket of the market he'll focus heavily on next

"Low is all relative. I think that even if it goes down much further, buying in this area will pay off in the long term," said trader Scott Melker.

While aiming for a 'soft landing,' Fed Chair Powell warns that cooling inflation without plunging into a recession will be 'challenging'

Thursday, May 19, 2022

There are several paths to "a soft or soft-ish landing," Powell said, but Russia's invasion of Ukraine and supply-chain issues make them risky. View in browser Business Insider Business

26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes

26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes

READ MORE

The top investment strategist at JPMorgan Private Bank explains why the US will dodge a recession even as the housing market inevitably slows — and makes portfolio suggestions for a period of 19% upside in stocks

READ MORE

A Russian businessman has agreed to hire and pay all 62,000 of McDonald's employees in the country following the fast-food chain's exit

READ MORE

A portfolio manager at billionaire investor Mario Gabelli's $41 billion firm says to buy these 27 stocks that have the pricing power to deliver returns as inflation soars

READ MORE

Stablecoin tether has beefed up its Treasury holdings and added over $250 million in non-US government debt to its reserves

READ MORE

Here's what Melvin Capital founder Gabe Plotkin told investors as he liquidates his $7.5 billion hedge fund

READ MORE

A 400-year-old Italian church that's been converted into a home is on the market for $3.32 million — take a look inside

READ MORE

I'm a recruiter who's placed over 700 people at companies like Microsoft, Google, and Facebook. Here are the 3 questions I tell candidates to ask to make sure they won't be on the wrong side of future layoffs.

READ MORE

Goldman Sachs lays out the case for investing more of your money in real assets — and reveals which ones it's most bullish on as the stock market crashes

READ MORE

'Wolf of All Streets' crypto trader Scott Melker keeps a 15% cash allocation precisely for market environments like this. Here's the 10 tokens and stocks he snapped up last week — and the pocket of the market he'll focus heavily on next

READ MORE

Older messages

While aiming for a 'soft landing,' Fed Chair Powell warns that cooling inflation without plunging into a recession will be 'challenging'

A kind of mortgage that helped cause the housing crash is surging in popularity. Here's why it's different this time.

I saved over $1 million for retirement by age 48. Here are 5 strategies I followed religiously to make it happen.

It's time to get rid of managers. All of them.

The next recession will be mini compared to the last 2 — and feel completely different

You Might Also Like

After inauguration, it's time to talk taxes

Harry's Take 1-15-25 Stocks Look to Break Lower: Another Sign of a Top on December 16

🇺🇸 America's tariff future

It’s a new year, get a new savings account

Private Equity Is Coming for Your 401(k)

This Skateboarding Economist Suggests We Need More Skateparks And Less Capitalism

Elon Musk Dreams, Mode Mobile Delivers

Shaping inflation expectations: the effects of monetary policy

🌎 Another hottest year

Have you seen the Best Cars & Trucks of 2025?