‘Psychology of Money’ author Morgan Housel follows the same morbid success measure as Warren Buffett—a “reverse obituary”

Shonda Rhimes, the acclaimed producer of 'Bridgerton', and billionaire investor Warren Buffett share an unexpected trait: they both still use coupons. Despite their combined net worth of $149.2 billion, Rhimes emphasizes that her spending habits remain unchanged, highlighting the importance of finding value regardless of wealth. This story resonates as it showcases that even the most successful individuals prioritize smart spending, reminding us that frugality can be a virtue at any financial level.

Morgan Housel, the author of 'The Art of Spending Money,' sheds light on common misconceptions surrounding money and spending. He emphasizes that many people believe there are simple solutions to financial issues, which can lead to misguided decisions. Understanding these myths is crucial as it helps individuals make informed choices about their finances, ultimately leading to better money management.

Ukrainian President Volodymyr Zelenskiy recently held discussions with former U.S. President Donald Trump about enhancing Kyiv's air defense systems. This conversation is significant as it highlights ongoing international support for Ukraine amidst ongoing tensions in the region, and the potential for increased military cooperation could bolster Ukraine's defense capabilities against external threats.

The Internal Revenue Service has announced an increase in the Child Tax Credit for 2026, now set at $2,200 per child, thanks to the One, Big, Beautiful Bill Act signed into law in July 2025. This adjustment is significant as it reflects inflation and aims to provide more financial support to families, helping them manage rising costs. With millions of families benefiting from this increase, it underscores the government's commitment to easing the financial burden on parents and ensuring that children have the resources they need to thrive.

Switzerland is stepping up its trade discussions with China as it navigates ongoing negotiations with the US to reduce high tariff rates. This move highlights Switzerland's proactive approach to fostering international trade relationships, especially in light of the challenges posed by US tariffs. Strengthening ties with China could open new markets and opportunities for Swiss businesses, making this a significant development in global trade dynamics.

China has issued a stern warning to the US, indicating that it will retaliate if President Donald Trump follows through on his threat to impose 100% tariffs on Chinese imports. This escalation in trade tensions is causing concern among investors, who are preparing for potential turmoil in the markets. The situation highlights the fragile state of US-China relations and the potential economic repercussions that could arise from a full-blown trade war.

Jeff Bezos recently shared his tough stance on work-life balance, highlighting Amazon's ongoing struggles with employee satisfaction. The company has faced criticism for its demanding work environment, affecting both blue-collar and white-collar workers. This matters because it sheds light on the broader conversation about workplace culture and employee well-being, especially in a company as influential as Amazon.

AstraZeneca has successfully secured a significant deal with the Trump administration to supply millions of doses of its COVID-19 vaccine. This agreement not only highlights the company's pivotal role in the global fight against the pandemic but also underscores the importance of public-private partnerships in accelerating vaccine development and distribution. The deal is expected to bolster the U.S. vaccination efforts, making it a crucial step towards achieving herd immunity and returning to normalcy.