Louis Gerstner, a prominent figure in the business world, passed away at the age of 83. He was best known for his role as the CEO and chairman of IBM, where he made significant changes that saved the company from potential financial ruin. Gerstner joined IBM in 1993, coming from a background in cons
Billionaires are changing how they give money to causes. Mark Zuckerberg and his wife Priscilla Chan have stopped funding FWD, a group that pushes for immigration and criminal justice reform. They supported this group for ten years. Now, they want to focus on AI and science instead. Zuckerberg's mo
Larry Ellison, a tech billionaire, is making waves with a huge $40 billion promise. He's backing his son's plan to take over Paramount. This isn't your typical charity donation. It's a new way of giving where billionaires use their money to shape industries instead of just writing checks. Ellison's
The government is rallying big names to back a new savings plan for kids. The idea is to help families build a financial cushion for their children's future. The plan lets people set aside up to $5, 000 a year for each child. The money grows in index funds and can be used for college, buying a home,
Big names in finance are stepping up to support a new program for kids. Ray Dalio, a well-known investor, has promised to put money into investment accounts for children in Connecticut. This is part of a larger plan to get more people involved across the U. S. The idea is to give every child born b
A tragic plane crash has shaken the NASCAR world. Seven lives were lost when a Cessna C550 jet went down at the Statesville Regional Airport. Among the victims were former NASCAR driver Greg Biffle, his wife Cristina, and their two children, Emma and Ryder. The families of the victims released a jo
The Knight family has made a huge donation to fight cancer. They gave $2 billion to the Oregon Health & Science University's Knight Cancer Institute. This is a lot of money. It is more than double the second-biggest donation this year. Warren Buffett gave $746. 7 million to his foundation. That is a
Boston is getting a big new mental health hospital just for kids. The hospital will have 116 beds and is set to open in 2029. It will be on the campus of Franciscan Children's in Brighton, which Boston Children's Hospital bought in 2023. The hospital will treat many different mental health problems
In 2025, women faced big challenges in the workplace. Many left their jobs, and fewer companies focused on helping women move up. Online hate against women also grew, making things harder. But some women stood out and made big changes. Beyoncé, who has been on a powerful women list many times, show
The Knight Foundation, led by Phil and Penny Knight, has made a significant impact in Oregon through its philanthropic efforts. In 2024, the foundation donated a record-breaking $226 million, primarily benefiting various causes within the state. This generous giving is part of a trend, as the founda
