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Newport Restaurant Group is 100% owned by its workers—and has paid them $33 million since 1995: ‘Nobody else gets the benefit’
Bartender Andy Staane has spent 24 years at Newport Restaurant Group, where every employee is an owner. As baby boomers prepare to hand off up to $5 trillion in small businesses, its CEO says ESOPs are a “proven model.”
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Chancellor’s Budget placates markets but delays crunch decisions
John Healey reassures gilt investors as he defers key choices on spending amid rising fiscal pressures
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Let’s keep Isas simple
The chancellor has made welcome changes to tax-free saving and investing but could go further still
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Budget in brief: what you need to know
A quick guide to John Healey’s main policy announcements and official economic forecasts
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Healey hits banks and savers to fund modest Budget handout
Chancellor opts for limited household relief as fiscal watchdog warns of ‘pretty grim’ picture for living standards
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Alphabet’s Google Cloud revenue doubles to $31 billion as cash flow stays deep red
Capital expenditures hit a record $51.4 billion and free cash flow was negative $9.1 billion.
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OpenAI CEO Sam Altman shares his ‘chronic disappointment’ in Gen Z—they’re stuck on what ‘was cool five years ago,’ instead of embracing AI
Billionaire OpenAI CEO Sam Altman says AI will upend jobs—but young workers who embrace entrepreneurship could turn disruption into opportunity.
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For the first time since 1992, a Fed governor and president dissented together, as Kevin Warsh says the ‘monetary medicine’ is starting to work
The Fed held rates at 3.75% to 4% six days before the midterms, as Cook—whom Trump has tried to fire—and Hammack pushed for a hike.