Author: starbpo

Dakota Johnson in New York City on April 23, 2026, at the TIME100 Gala. Actress Dakota Johnson is getting ready to move out of her gorgeous midcentury modern home in Los Angeles, where she has spent the previous ten years. She bought the house with the proceeds from her role in the popular film “Fifty Shades of Grey.” Johnson, 36, the daughter of Hollywood icons Don Johnson and Melanie Griffith, has now listed the architectural masterpiece for $6 million, almost twice the amount she paid for it in January 2016, after just over ten years of ownership. Designed by renowned…

Actors Mary Steenburgen and Ted Danson are preparing to part ways with one of the most significant homes in their property portfolio: a sprawling Martha’s Vineyard retreat where they tied the knot more than three decades ago, in front of a host of A-list guests, including Tom Hanks and President Bill Clinton. Steenburgen, 73, and Danson, 78, who met in the early 1980s while auditioning for the same movie, have owned the idyllic 4-acre property for more than two decades-using it as a summer escape, where they have enjoyed picturesque vacations with their four children and their grandchildren. The property…

The longtime CEO of JPMorgan Chase & Co., Jamie Dimon, issued a warning about the bond market on Friday, telling authorities that they will “panic” if it occurs. “You are going to see a crack in the bond market – OK,” Dimon stated while attending a Ronald Reagan Presidential Foundation event. “It is going to happen.” And I notify my regulators—some of whom are present in this room—that this is going to occur. Additionally, you will become anxious. Following severe turmoil in the bond market in April, Dimon has been a regular critic of banking regulations, pointing to “deep flaws”…

Elon Musk leaves behind fewer Social Security Administration staff to deal with more in-person clients, a backlog of cases, and other annoyances at an organization that offers retirement and disability benefits to almost 74 million people as he departs from the Trump administration and its so-called Department of Government Efficiency. Musk, a significant Republican campaign supporter, said Wednesday night that he was leaving his position with the government. He has stated that he will return to his previous positions, which include being the owner of the social media platform X and the CEO of SpaceX and Tesla (TSLA). Musk stated…

It’s unclear exactly why trade negotiations between the United States and China have halted, but at least one area—critical minerals—can help them resume. In a CNBC interview on Friday, U.S. Trade Representative Jamieson Greer made this suggestion, just a day after Treasury Secretary Scott Bessent outlined the conditions for a negotiation breakthrough and shortly after President Donald Trump’s pessimistic remarks contributed to stock futures’ decline. Greer was particularly explicit about these vital minerals, or rare-earth exports, but also stated that China is “slow rolling” its adherence to a preliminary trade agreement reached earlier this month. China has “restricted the flow…

The minutes of the Fed’s May 6-7 meeting, released Wednesday, show that while central bank staff were pointing out that the odds of a recession were high, Fed officials were concerned that higher inflation brought on by the White House trade policy could result in long-term higher inflation. Fed officials supported a cautious approach to interest rates due to the dangers of slower growth and higher inflation. They decided to maintain the benchmark interest rate at 4.25% to 4.5% for the third consecutive meeting. “Participants agreed that uncertainty about the economic outlook had increased further, making it appropriate to take…

Bill Bengen had no idea that the 4% rule would become so popular in academic circles, the media, and public discourse when he first proposed it in 1994. About three years ago, he had what he refers to as a “aha moment” and changed his trademark rule to be more lenient. Bengen’s 1994 study, which was published in the Journal of Financial Planning, is where the 4% rule first originated. According to his guideline, in the first year of retirement, pensioners should be allowed to withdraw 4% of their investments and savings, with the amount being adjusted for inflation until…

Although that’s fantastic news, the company expects the economy to slow down, therefore it’s for the wrong reason. But first, the tariff math: according to Goldman analyst David Mericle, the personal consumption expenditure price index’s core measure will increase from 2.6% in March to 3.6% later this year. This will be due to the direct effects of rising import prices, rising domestic production costs, and “producers opportunistically raising prices.” Whether that price increase will be short-term or long-term is the question. Inflation may continue to rise for two reasons: first, consumers were traumatized by the recent spike in inflation, and…

Executives at Costco Wholesale Corp. stated Thursday that they will continue to concentrate on cutting prices wherever feasible while relying on its Kirkland brand, local sourcing, and redirected shipments as analysts focus on the effects of tariffs on retailers’ expenses and consumer behavior. The big-box membership chain’s management made the comments as it revealed fiscal third-quarter revenue and earnings that above Wall Street’s forecasts. However, same-store sales were a little weak. Chief Executive Ron Vachris stated, “We’re going to continue to invest in price,” during Costco’s (COST) late-night results call. That’s what we do. We’ll keep working to lessen the…

Late Thursday, investors were more concerned about Gap Inc.’s estimate for flat current-quarter sales and steadfast difficulties for the Banana Republic and Athleta brands than they were with the retailer’s higher-than-expected sales and profit. The stock (GAP) fell 16.5% in premarket trade on Friday as a result of that concern, heading for its worst one-day performance in three years. Additionally, the stock was on course for its largest weekly drop in five years as it headed for a fifth consecutive decline. Gap maintained its 2025 outlook, but stated that it did not account for the possible effects of tariffs. The…