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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Energy

All things energy: oil, natural gas, renewable energy, electricity, and other sources of power.
Russian President Vladimir Putin
It started with one viral influencer complaining about Russia’s economy. Now a record 60% of Russians are pessimistic about their country’s outlook

Russia’s economy has been remarkably resilient, but it could be losing one of its most vital resources: public trust.

By Tristan BoveJune 30, 2026
Current price of oil as of June 30, 2026
Current price of oil as of June 30 2026
By Joseph HostetlerJune 30, 2026
vinod
Vinod Khosla: AI’s energy crisis has a fix — and it doesn’t need the grid
By Vinod KhoslaJune 30, 2026
marc
The U.S. Army is opening military bases to private billions — here’s why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
US President Donald Trump arrives to speak during a Rose Garden Club dinner with American farmers at the White House in Washington, DC, on June 25, 2026.
Trump takes his inflation battle to gas retailers after his plot against the Fed runs aground—sets target for $2.50 a gallon
By Eleanor PringleJune 30, 2026
Mark Zuckerberg, CEO of Meta
AI stocks are in an ‘air pocket’ and Meta and Microsoft are being traded like ‘bear market names that cannot be owned,’ top analyst says
By Jim EdwardsJune 30, 2026
Latest Stories
Nike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup
RetailNike’s earning numbers exceeded Wall Street’s expectations. But CEO Elliott Hill’s next test is the World Cup
By Mia OsmonbekovJune 30, 2026
Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in
AIDell’s AI boom is real, but so is the profit margin hit nobody is pricing in
By Mia OsmonbekovJune 30, 2026
Young couple looking sad in front of a home with a for sale sign
Real EstateGen Z and millennials aren’t convinced the American Dream exists anymore: Only 40% of them can afford to buy a home
By Tristan BoveJune 30, 2026
Image of colored bar charts with one being pushed up.
NewslettersAI is minting billion-dollar companies faster than before
By Beatrice NolanJune 30, 2026
Stripe CEO Patrick Collison gestures with his hands as he speaks into a microphone before a congressional committee hearing.
CryptoStripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle
By Camila Grigera NaónJune 30, 2026
kean
PoliticsTom Kean discloses depression diagnosis behind 4-month absence from Congress: ‘until you experience it yourself, it is difficult to fully understand’
By Mike Catalini, Joey Cappelletti and The Associated PressJune 30, 2026
t
CommentaryNetflix could turn NBC into its biggest bet yet — and this time, the math actually works
By Jeffrey Sonnenfeld and Steven TianJune 30, 2026
A woman types into a kiosk at an airport.
Travel & Leisure‘You can expect prices to be high and stay high’: Domestic airfare is skyrocketing faster than international flight costs, despite using less jet fuel
By Sasha RogelbergJune 30, 2026
More EnergyPage 9 of 100
Markets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships
EnergyMarkets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships
By Jason MaMay 3, 2026
Trump says U.S. will guide stranded ships from ‘neutral and innocent’ countries out of the Strait of Hormuz while hinting at positive Iran talks
PoliticsTrump says U.S. will guide stranded ships from ‘neutral and innocent’ countries out of the Strait of Hormuz while hinting at positive Iran talks
By Adam Schreck, Melanie Lidman, Cara Anna and The Associated PressMay 3, 2026
Cargo ship near the Strait of Hormuz comes under attack by multiple small boats as the U.S. and Iran exchange peace plans
PoliticsCargo ship near the Strait of Hormuz comes under attack by multiple small boats as the U.S. and Iran exchange peace plans
By Adam Schreck, Melanie Lidman, Cara Anna and The Associated PressMay 3, 2026
The clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for ‘tank bottoms’ and Iran racing to delay ‘tank tops’
EnergyThe clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for ‘tank bottoms’ and Iran racing to delay ‘tank tops’
By Jason MaMay 3, 2026
 Trump says he is reviewing a new Iranian proposal to end the war but ‘can’t imagine that it would be acceptable’
Politics Trump says he is reviewing a new Iranian proposal to end the war but ‘can’t imagine that it would be acceptable’
By Aamer Madhani, Sarah El Deeb, Cara Anna and The Associated PressMay 2, 2026
Can the ‘blue economy’ deliver on its promise? Investors are starting see the ocean as an asset worth protecting
CommentaryCan the ‘blue economy’ deliver on its promise? Investors are starting see the ocean as an asset worth protecting
By Natalie Sum Yue ChungMay 2, 2026
Iran juggles oil cuts and storage strain to resist U.S. blockade
EnergyIran juggles oil cuts and storage strain to resist U.S. blockade
By Anthony Di Paola, Ben Bartenstein, Patrick Sykes, Weilun Soon, Charles Gorrivan and BloombergMay 2, 2026
Unionized workers form alliance with rich tech giants on AI data centers, pushing back on local opposition and redrawing political lines
AIUnionized workers form alliance with rich tech giants on AI data centers, pushing back on local opposition and redrawing political lines
By Marc Levy and The Associated PressMay 2, 2026
A group of people wait by a gap pump with their motorcycles.
EnergyOne economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC
By Sasha RogelbergMay 2, 2026
pakistan
CommentaryAsia is being hammered by the Iran conflict’s economic fallout. The U.S. has the playbook to help—and every reason to
By Wendy Cutler and Jane MellsopMay 2, 2026
In this handout photo provided by U.S. Central Command, U.S. forces patrol the Arabian Sea near M/V Touska on April 20, 2026, after firing upon the Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. naval blockade of Iranian ports near the Strait of Hormuz. (Handout Photo by the U.S. Navy via Getty Images)
PoliticsThe Iran war has turned the world’s shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait
By Jordan BlumMay 2, 2026
ExxonMobil CEO Darren Woods, far right, listens as U.S. President Donald Trump,left, speaks during a meeting with oil company executives in the East Room of the White House on Jan. 9. President Trump is aiming to convince oil executives to support his plans in Venezuela, a country whose energy resources he says he expects to control for years to come. US forces seized Venezuelan president Nicolas Maduro in a sweeping military operation on January 3, with Trump making no secret that control of Venezuela's oil was at the heart of his actions.
EnergyExxon Mobil CEO sees ‘more to come’ on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits
By Jordan BlumMay 1, 2026
male engineer working under pylon
EnergyUtility CEOs pocket $626 million as American energy bills hit record highs
By Tristan BoveMay 1, 2026
Current price of oil as of May 1, 2026
Personal FinanceCurrent price of oil as of May 1, 2026
By Joseph HostetlerMay 1, 2026
A banner depicting portraits of Iran's late Supreme Leader Ayatollah Ali Khamenei and Ayatollah Mojtaba Khamenei
PoliticsIranian supreme leader says the only place Americans belong in the Gulf is ‘at the bottom of its waters’
By Jon Gambrell, Aamer Madhani and The Associated PressApril 30, 2026
Wind energy CEO says company ‘must adapt’ as Trump offers $2 billion to kill offshore wind projects
EnergyWind energy CEO says company ‘must adapt’ as Trump offers $2 billion to kill offshore wind projects
By Marco Quiroz-GutierrezApril 30, 2026
Lithium battery facility
North AmericaChina dominates the world’s lithium supply. The U.S. just found 328 years’ worth in its own backyard
By Jake AngeloApril 30, 2026
Two women examine cleaning products
RetailYour laundry bill is about to get more expensive—and Unilever says the Iran war is partly to blame
By Sasha RogelbergApril 30, 2026
Bill Perkins, founder of Skylar Capital
SuccessMultimillionaire hedge fund manager Bill Perkins says money should ‘drive your fulfillment while you’re alive’—so he’s spending it all before he dies
By Emma BurleighApril 30, 2026
inflation
EconomyThe biggest jump in 3 years: gas’ effect on core inflation in March revealed
By Christopher Rugaber and The Associated PressApril 30, 2026
inflation
EconomyU.S. GDP rebounds from lackluster end to 2025, grows at 2% rate in first quarter
By Paul Wiseman and The Associated PressApril 30, 2026
Current price of oil as of April 30, 2026
Personal FinanceCurrent price of oil as of April 30, 2026
By Joseph HostetlerApril 30, 2026
Photo of Mohamed El-Erian
EconomyThe global economy has a month—eight weeks at most—to avoid a recession, warns top economist
By Eleanor PringleApril 30, 2026
Photo: Donald Trump
Big TechWith no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
By Jim EdwardsApril 30, 2026
iran
CommentaryThe Strait of Hormuz is a data problem, not just a military one
By Erik Bethel and Ami DanielApril 30, 2026
trump
EnergyTrump spent nearly $2 billion of taxpayer money to undo wind projects already underway. Dems demand answers
By Jennifer McDermott and The Associated PressApril 29, 2026
cobalt
EnvironmentThe AI boom is built on the backs of the world’s poorest, most exploited people, UN researchers find
By Abraham Nunbogu, Kaveh Madani and The ConversationApril 29, 2026
Current price of oil as of April 29, 2026
Personal FinanceCurrent price of oil as of April 29, 2026
By Joseph HostetlerApril 29, 2026
Tariff-proof pay: How boardrooms quietly made sure Trump’s trade war stopped at the CEO’s door
Big TechTariff-proof pay: How boardrooms quietly made sure Trump’s trade war stopped at the CEO’s door
By Jim EdwardsApril 29, 2026
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
Energy‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
By Shawn TullyApril 29, 2026
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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse placeplaceholder alt text
By Sydney LakeJune 29, 2026
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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearplaceholder alt text
By Sydney LakeJune 25, 2026
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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away fasterplaceholder alt text
By Preston ForeJune 27, 2026
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