PureTech Health issues shares to executives following RSU vesting

Victoria Beckham isn’t just a Spice Girl turned fashion mogul—she’s a financial powerhouse. By 2025, her net worth is estimated to hit a staggering $450 million, proving she’s still dominating the business world with her luxury brand and savvy investments.

Editor’s Note: Beckham’s journey from pop stardom to high-end fashion success is a masterclass in reinvention. Her growing fortune isn’t just about fame—it reflects the staying power of her brand and the smart moves she’s made offstage. For anyone tracking how celebrities turn influence into empires, this is a standout case study.

Big US banks, including JPMorgan Chase, are pulling back from selling preferred shares—a type of security that blends traits of stocks and bonds—even though investors are still keen to snap them up. This shift suggests banks might be reevaluating their funding strategies, possibly due to regulatory pressures or changing financial conditions.

Editor’s Note: Preferred shares have long been a handy tool for banks to raise money without diluting common stock, but if major players like JPMorgan are stepping away, it could signal broader caution in the sector. For investors, this might mean fewer opportunities for stable, dividend-paying assets—or it could hint at underlying risks banks are trying to avoid. Either way, it’s a quiet but telling move in the financial world.

Forty years ago, Live Aid pulled off the impossible—a global concert that brought together legendary artists, from Queen to U2, to fight famine in Africa. This retrospective looks back at how a single day of music became a cultural earthquake, raising millions and proving that entertainment could be a force for real change.

Editor’s Note: Live Aid wasn’t just a concert; it was a moment where pop culture and activism collided in a way that still resonates today. In an era of fragmented audiences and cynicism, revisiting this milestone reminds us what’s possible when creativity meets collective action—something we could use more of now.

Ford CEO Jim Farley is sounding the alarm on AI’s impact on white-collar jobs, predicting it could eliminate half of them. But here’s the twist: while tech hiring has plummeted, industries like manufacturing, trades, and service roles—what Farley calls the "essential economy"—are desperate for workers. His blunt take? Maybe steering everyone toward tech jobs isn’t the smartest move when there’s a growing mismatch between skills and real-world demand.

Editor’s Note: This isn’t just another "AI will steal jobs" headline. Farley’s comments highlight a deeper imbalance—we’re over-indexing on tech while ignoring critical, hands-on jobs that keep society running. It’s a wake-up call for how we think about education, careers, and where the opportunities (and risks) actually lie in the future economy.

Wayfair's slashing the price of a spacious 8-person patio set from nearly $1,600 down to $620—a steal if you’ve been eyeing outdoor upgrades. The catch? It’s a limited-time deal, so you’ll need to move fast. The set’s being hyped as "gorgeous" and perfect for hosting big gatherings.

Editor’s Note: If you’ve been putting off sprucing up your backyard because of high prices, this could be your moment. With summer winding down, retailers often drop prices on outdoor furniture, but discounts this steep aren’t everyday finds. Just don’t wait too long—flash sales like this tend to vanish fast.