How Bad Will Inflation Get? | Welcome To ‘Billionaires’ Dirt Road’ | Bulgaria’s First Billionaires

Plus: Spotify Has Plans To Move Beyond Music And Become The Instagram And TikTok Of Audio

Good morning.

The Federal Reserve continues to insist high inflation is "transitory," but experts interviewed by Forbes largely disagree. We’re also reporting on what makes the bucolic town of North Salem a favorite among the ultra-wealthy and Bulgaria's first billionaires. As we prepare to unveil our annual 30 Under 30 list on Wednesday, we catch up with Spotify’s Daniel Ek, a member of the list’s inaugural class, to talk about the streaming service’s stellar success this past decade.

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Having previously expressed an interest in seeking public office, actor Matthew McConaughey says he will not be running for governor of Texas in 2022.

The first cases of omicron coronavirus variant were confirmed in North America, as several countries impose drastic new travel restrictions in a bid to stem its spread.

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You may have heard of North Salem, located just 55 miles north of New York City, when Jennifer Gates walked the bridal path in the equestrian-friendly area. Bill and Melinda Gates’ daughter isn’t the only wealthy resident of the bucolic Westchester town.

Bulgaria has claimed its first ever billionaires, brothers Kiril and Georgi Domuschiev. They own Huvepharma, the world’s sixth-largest livestock health firm, with operations stretching from a vaccine factory in Lincoln, Nebraska, to a pharmaceuticals plant in northwestern Italy.

As the Federal Reserve's stance on rising inflation faces mounting criticism, market experts and economists interviewed by Forbes largely think higher inflation is here to stay.

Trevor Milton, the embattled former chairman of Nikola Motor, has offloaded a massive stake of the electric truck maker in recent months, selling nearly $300 million worth of stock since he pleaded not guilty to three counts of criminal fraud charges this summer.

Fabricating vaccine results is a concern among employers, with a new survey ​​finding 28% of unvaccinated workers would consider lying about their vaccination status or falsify documents in order to keep their jobs.

Virgil Abloh’s death at 41 deprives the fashion world of one of its most innovative talents. He became first Black designer to helm Louis Vuitton’s menswear collection in 2018 after founding luxury streetwear company Off White in 2012. His iconic pieces range from a glittering harness to an IKEA rug.

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Cybersecurity researchers warned a third of all of the world’s smartphones and internet of things devices were left open to remote snooping due to a vulnerability in a chip manufactured by $60 billion market cap Taiwanese tech giant MediaTek.

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Mistakes happen and there’s little point in feeling upset—focus instead on making sure they don’t happen again.

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