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‘I Thought My Life Was Over’: Oprah Winfrey On Going From Losing Her Baby At 14 To Working With Nelson Mandela

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'I Thought My Life Was Over': Oprah Winfrey On Going From Losing Her Baby At 14 To Working With Nelson Mandela


Topline

Oprah Winfrey, who tops Forbes’ list of the 250 Greatest Self-Made Americans, retraced the distance from a Mississippi farm with no plumbing where she was born to amassing a media fortune Forbes estimates at $3.4 billion.

Key Facts

Winfrey, who earned the number one spot on Forbes Self-Made 250 list—ranking the 250 greatest living self-made Americans in honor of the country’s semiquincentennial—said Wednesday that her keys to success were lessons learned from her challenging early years.

Winfrey, who was raped and sexually abused starting at age 9, gave birth to a son at 14 who died soon after: “I thought my life was over, and I had tried to actually harm myself, to do whatever I could because I had so much shame about it,” Winfrey told an audience at Forbes Self-Made 250 Celebration.

Winfrey would’ve been pulled out of school if she had had to raise her child, so she recalls the tragedy as a second chance for her to go back to school, where she discovered her talent in debate and public speaking—which led to a radio job, a scholarship to Tennessee State University and eventually her national media brand.

Winfrey said she shared 29 meals with Nelson Mandela, who helped shape the Oprah Winfrey Leadership Academy for Girls—a project she calls her hardest philanthropic lesson after early efforts taught her that “just writing checks doesn’t do it.”

She also credited Maya Angelou with reframing how she thinks about legacy: When Winfrey told Angelou her Leadership Academy would be her greatest legacy, Angelou countered that “you have no idea what your legacy will be” because legacy isn’t tangible like a building or a dollar amount but “every life you have touched.”

forbes valuation

$3.4 billion. Forbes’ estimate of Winfrey’s net worth, built over five decades from “The Oprah Winfrey Show,” Harpo Productions, OWN (the Oprah Winfrey Network) and film projects including the 2024 remake of “The Color Purple.”

crucial quote

“The best thing in the world for me as a Black woman has been being underestimated. Those white guys, those King World boys, they would have never given me 50% if they believed that I would be where I am today,” Winfrey told the audience.

Oprah On The Paradigm She Flipped

Winfrey shared stories about her upbringing, reflecting on the distance she traveled to where she is today:

“My grandmother used to say, ‘Baby, I hope you grow up and get yourself some good white folks like we have good white folks.’ My grandmother was a domestic worker, and so good white folks were people who allowed her to bring food home, who allowed her to use their old clothing, who allowed her to have hand-me-downs. She would not even believe that I grew up to get good white folks working for me. She wouldn’t believe it. She wouldn’t even understand what that would be, that I was able to flip that paradigm.”

key background

Winfrey, born in Kosciusko, Mississippi, in 1954, built her fortune after taking over a struggling Chicago morning show in 1984 and syndicating it nationally as “The Oprah Winfrey Show,” which ran 25 seasons from 1986 through 2011. Her lawyer’s advice during her role in “The Color Purple”—for which she says she was earning $235,000 and gave up her vacation to film—pushed her to found her own company Harpo Productions. With her own production company, she took ownership of “The Oprah Winfrey Show” (Before, the company handling sales from her show, King World, collected the proceeds and paid Winfrey a salary). She has since expanded into OWN, her cable television and media brand, and film. In 2007, with input from Nelson Mandela, she built a residential boarding school in South Africa named Oprah Winfrey Leadership Academy for Girls for academically gifted girls from impoverished backgrounds. She shared her hardest learned lesson after decades of philanthropic efforts: “I made a lot of mistakes in the beginning because I thought that if you gave people money and you try to help them out of poverty or help them out of bad situations, that would be the answer to it… I learned this the hard way: never give anybody more money than they’ve already earned.”



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Kentucky targets prediction markets, puts red state in potential clash with Trump team

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Kentucky targets prediction markets, puts red state in potential clash with Trump team

A spokesperson for Polymarket said the company looks forward to addressing the claims.

“This action runs counter to the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk.

So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where Chairman Mike Selig has taken an aggressive legal stance defending his agency’s authority as the sole regulatory power over events contracts, which he says falls directly into the CFTC’s authority over U.S. derivatives.

And Trump has recently backed him up.

“It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive,” Trump posted on his social media site, Truth Social. “Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States.”

He asserted that his state-level political foes (offering names including Minnesota Governor Tim Walz and Illinois Governor J.B. Pritzker) are “SCUM” who shouldn’t be allowed to set the rules.

“It is a major Industry, and we must protect it,” Trump wrote. “Mike Selig, CFTC Chairman, and respected by all, is doing a great job.”

The CFTC has sued eight states — most recently New Mexico — and leapt into other court matters involving the sector.



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PACCAR (PCAR) Gains from “HALO Trade”

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PACCAR (PCAR) Gains from “HALO Trade”


Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw a shift in the equity market beyond the mega-cap technology stocks into physical economy stocks, influenced by fears of AI disruption. Additionally, rising commodity prices due to the Middle East conflict reignited inflation concerns, benefiting sectors such as Energy, Materials, Utilities, Staples, and Real Estate, which the Fund does not invest in, impacting its relative performance. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.

In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted PACCAR Inc (NASDAQ:PCAR). PACCAR Inc (NASDAQ:PCAR) is a leading technology and manufacturing company specializing in light, medium, and heavy-duty commercial trucks. On June 15, 2026, PACCAR Inc (NASDAQ:PCAR) closed at $120.69 per share. One-month return of PACCAR Inc (NASDAQ:PCAR) was 10.34%, and its shares gained 32.48% over the past 52 weeks. PACCAR Inc (NASDAQ:PCAR) has a market capitalization of $63.52 billion.

Madison Large Cap Fund stated the following regarding PACCAR Inc (NASDAQ:PCAR) in its Q1 2026 investor letter:

“The top five contributors for the quarter were Keysight Technologies, Analog Devices, Texas Instruments, Deere, and PACCAR Inc (NASDAQ:PCAR). Deere and PACCAR were also strong contributors in the quarter. While end market conditions remain subdued in agriculture equipment and commercial trucking, it appears that the worst of the recent downcycle is likely behind us. Furthermore, Deere and PACCAR stocks also benefited from investors favoring the “HALO trade” during the quarter. As a result, we modestly trimmed our holdings in both companies when valuations, in our view, began to incorporate a recovery in profits.”

BNP Paribas Starts PACCAR (PCAR) at Neutral, Cites Improving European Orders

PACCAR Inc (NASDAQ:PCAR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 35 hedge fund portfolios held PACCAR Inc (NASDAQ:PCAR) at the end of the first quarter, up from 33 in the previous quarter. In Q1 2026, PACCAR Inc (NASDAQ:PCAR) achieved revenues of $6.8 billion and net income of $605 million. While we acknowledge the potential of PACCAR Inc (NASDAQ:PCAR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.



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‘It’s actually awesome’ – Binance’s CZ backs Hyperliquid but warns of THIS

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‘It’s actually awesome’ – Binance's CZ backs Hyperliquid but warns of THIS


Binance founder Changpeng Zhao (CZ) has hailed popular decentralized exchange (DEX) Hyperliquid.

In a recent interview with Galaxy Digital Head of Research Alex Thorn, CZ said, 

I think the Hyperliquid invention is actually awesome. They occupy a niche that Binance cannot compete with. They don’t have KYC.

KYC (know your customer) is part of anti-money laundering (AML) and illicit flows mechanisms that most centralized exchanges are required to maintain. By extension, they also become useful tools for implementing sanctions by governments. 

However, CZ smirked at the DEX, adding that, 

They claim they’re decentralized… I would never do what they do, given what I’ve experienced… I assume they have good lawyers.

This was likely a reference to his sentencing and $4B Binance fine for weak AML systems. 

Mixed reactions to CZ’s Hyperliquid comment

Some highlighted the comment as an acknowledgement that Hyperliquid is a strong Binance rival.

But OKX founder, Star Xu, slammed CZ for not learning his lesson, citing his public support for Aster, another DEX similar to Hyperliquid [HYPE].

Is CZ lying to the public again? As he said, he is fully aware of the legal and regulatory risks. Yet a shell called Aster DEX was created that appears to copy the HyperliquidX model almost exactly.

Hyperliquid HYPE
Source: X

Worth pointing out, these two have been beefing for a while. In fact, it appears personal given that Star Xu is the former boss of CZ. 

But beyond the personal tiff, his statement is true on CZ’s backing of Aster as an answer to Hyperliquid’s moat. 

However, Hyperliquid has a lobby arm, Hyperliquid Policy Center (HPC), aimed at pushing for U.S regulatory clarity. In fact, it has begun banning sanctioned entities. 

HYPE ETFs flows rebound

Separately, the U.S. spot ETF demand has rebounded this week. The products attracted $26M in the past two days, effectively lifting HYPE to another new all-time high of $76.9. 

Hyperliquid CZHyperliquid CZ
Source: SoSo Value

Notably, asset manager Bitwise said that it currently stakes 1 million HYPE for its spot ETF product (BHYP). According to the firm, this was part of its 7.8M HYPE being staked via its validator services. 

HYPE has been consolidating between the $60-$75 range for a while. If the broader market sentiment improves after the Fed rate decision, bulls could push the altcoin higher. If so, $80 and $100 levels could be feasible targets. 

Hyperliquid Hyperliquid
Source: HYPE/USDT, TradingView 

Final Summary

  • CZ backed Hyperliquid but warned that it could face regulatory pressure as Binance did. 
  • HYPE price printed a new all-time high amid renewed spot ETF inflows 

 



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Here is how Coinbase plan to survive the crypto winter by ditching its reliance on trading fees

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Here is how Coinbase plan to survive the crypto winter by ditching its reliance on trading fees

Coinbase’s (COIN) latest product launch event may not have changed Wall Street’s near-term earnings forecasts, but it reinforced a growing belief among analysts that the crypto exchange is steadily transforming itself into a broader financial platform with revenue streams that extend beyond bitcoin’s price cycles.

At Tuesday’s System Update event in New York, Coinbase unveiled products spanning derivatives, tokenized stocks, stablecoin payments, lending and artificial intelligence. While the announcements covered a wide range of businesses, analysts focused less on the individual products and more on what they reveal about the company’s long-term strategy.

For years, Coinbase’s fortunes have been closely tied to crypto trading activity. When bitcoin rallies and retail investors return to the market, trading revenue tends to surge. During slower periods, that revenue can fall sharply. Analysts increasingly view Coinbase’s product expansion as an effort to reduce that dependence.

“The new features are aligned with the company’s effort to become the ‘everything’ exchange,” Barclays analyst Benjamin Budish wrote following the event, adding that the company is seeking to capture a larger share of customers’ financial activity as crypto trading volumes remain relatively subdued.

Cantor Fitzgerald analyst Ramsey El-Assal struck a similar tone. While acknowledging softer conditions across crypto markets, he said Coinbase’s “innovation engine hasn’t skipped a beat” and argued that the company is positioning itself to benefit from a future where consumers manage investing, spending and borrowing through a single app or wallet.

‘The prize’

What stood out to analysts among Coinbase’s myriad new product launches was derivatives.



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Opinion: Three powerful forces are draining family wealth — and your estate plan is completely unprepared

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Opinion: Three powerful forces are draining family wealth — and your estate plan is completely unprepared

Last Updated:
First Published:

The largest wealth transfer in human history is

moving through American families right now. The wealth itself is real, accumulated by the baby boomer generation through four decades of strong stock markets, real-estate appreciation and pension benefits.

The money exists. What’s at stake is how much of it will actually reach the heirs it was meant for.



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Snap breaks from the pack with heavy $2,195 smart glasses. Wall Street is panning the move.

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Snap breaks from the pack with heavy $2,195 smart glasses. Wall Street is panning the move.

Published:

Snap CEO Evan Spiegel is deepening his bet on augmented-reality glasses — but investors aren’t buying the pitch.

The Snapchat parent company

SNAP got into the technology-infused glasses game relatively early, debuting its first Spectacles about a decade ago. And on Tuesday, Snap revealed Specs, a new version of the glasses — this time with a $2,195 price tag.



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