No wonder they are upset by the slogan ‘tax the rich’. Despite their wealth increasing 81% since 2020, they need our emotional support now more than everWon’t anyone think of the poor, poor, billionaires? Their endless money can buy them political power, but it can’t buy them love. Instead of being worshipped by the hoi polloi, titans of industry are denounced! Despised! Disrespected! Insert another D-word of your own!Thankfully, class solidarity is strong among the super-rich. Steve Roth bravely brought attention to the plight of his fellow billionaires during a recent earnings call. “I consider the phrase ‘tax the rich’ … spit out with anger and contempt by politicians … to be just as hateful as some disgusting racial slurs,” the Vornado Realty Trust CEO said. Continue reading...

12 May 2026 15:05 ✍️ RSS THE GUARDIAN

Tim Cook and Elon Musk, among other tech CEOS, will accompany the US president on a trip to ChinaDonald Trump is heading to China this week. If his guest list is any clue, he wants to discuss technology with Xi Jinping, though perhaps after the war in Iran.On Monday, news broke that outgoing Apple CEO, Tim Cook, as well as SpaceX and Tesla CEO, Elon Musk, would join the US president. Other guests from the tech sphere include Meta’s recently appointed president, Dina Powell McCormick; Sanjay Mehrotra, CEO of computer memory maker Micron; Chuck Robbins, CEO of longtime telecom giant Cisco; and Cristiano Amon, CEO of semiconductor maker Qualcomm, according to a White House official. Continue reading...

12 May 2026 07:00 ✍️ RSS THE GUARDIAN

Keir Starmer’s plan for full state ownership marks latest chapter in Scunthorpe plant’s troubled historyFull nationalisation of British Steel expected in king’s speechNils Pratley: More questions than answers on the futureFour queens – blast furnaces named after Anne, Bess (Elizabeth), Victoria and Mary – loom over the British Steel works at Scunthorpe. Within days the queens could be under public ownership, after Keir Starmer on Monday promised legislation to nationalise the plant.“Strong nations in a world like this need to make steel,” Starmer said on Monday in a speech. The prime minister was hoping decisive action would fend off challenges to his leadership. Continue reading...

12 May 2026 06:00 ✍️ RSS THE GUARDIAN

Invitation to be part of group including Elon Musk and Tim Cook highlights American AI and tech ambitionsThe billionaire chief executive of the chipmaker Nvidia, Jensen Huang, has joined Donald Trump’s China delegation after a reported last-minute invitation, highlighting the US’s AI and tech ambitions.Huang will join a roster of US bosses including the Tesla chief executive and X owner, Elon Musk, the Apple chief executive, Tim Cook, and Goldman Sachs’s David Solomon at Trump’s 36-hour meeting with the Chinese president, Xi Jinping. Continue reading...

13 May 2026 07:41 ✍️ RSS THE GUARDIAN

Uline, owned by billionaire Republicans Richard and Liz Uihlein, halts construction of a new facility in KenoshaUline, a business and shipping supplies company owned by billionaire Trump supporters Richard and Elizabeth Uihlein, is pausing the construction of a new distribution facility in Kenosha, Wisconsin, citing economic uncertainty.The construction pause comes in a key battleground state, where Trump won in 2016 and 2024, but lost to Biden in 2020. Continue reading...

13 May 2026 14:47 ✍️ RSS THE GUARDIAN

Santa Clara county claims Meta Platforms violated the state’s false advertising and unfair business practices lawsCalifornia’s Santa Clara county has sued Meta Platforms, alleging it has profited from Facebook and Instagram ads promoting scams in violation of California’s false advertising and unfair business practices laws.The lawsuit – filed on Monday in Santa Clara county superior court on behalf of all California residents – accuses the social media giant of tolerating fraudulent advertising on a global basis. The suit seeks restitution, civil damages and an order prohibiting Meta from engaging in unfair business practices. Continue reading...

13 May 2026 13:34 ✍️ RSS THE GUARDIAN

Bovis Homes owner’s shares plunge 10.5% after being forced to cut prices as buyers become cautiousOne of the UK’s biggest housebuilders has said its profits will be “significantly” lower, as it was forced to cut prices after heightened uncertainty caused by the US-Israeli war on Iran.Vistry’s shares plunged 10.5% in early trading on Wednesday, hitting their lowest level in nearly 15 years, as it told shareholders its first-half profits would be hit by the fallout from the Middle East conflict. Continue reading...

13 May 2026 09:46 ✍️ RSS THE GUARDIAN