Children from many prosperous families are receiving ‘vital funding’ from the ‘Bank of Mom and Dad’ for post-secondary schooling, a first home and new companies, a study of high-net-worth households has found. The share of household wealth owned by billionaires has risen by a record quantity through the pandemic, with millionaires additionally coming out of COVID-19 forward, a study found on Tuesday. Apple Inc Chief Executive Tim Cook signed an agreement with Chinese officials, estimated to be value about US$275 billion, to placate threats that may have hobbled its units and companies in the country, The Information reported on Tuesday. U.S. Kellogg’s workers rejected a contract supply Tuesday that would have offered 3 per cent raises, so 1,400 employees on the company’s four U.S. cereal plants will remain on strike. The Facebook-Giphy breakup—which Meta plans to appeal—further suggests this regulation-light era is sunsetting as new requirements emerge within the international …
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