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ToplinePresident Donald Trump said Thursday his administration intends to bring beef prices down “soon,” as their prices hit all time-highs and inflation for the meat significantly outpaces most other food products, though he did not offer details beyond saying the administration’s “magic” has led to a deal nearly coming together. Trump made the comments during an appearance in the Oval Office on Thursday. (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty ImagesKey FactsTrump said in an Oval Office appearance, “I think we have a deal on beef that’s gonna bring the price of beef [down], that would be the…

Lawrence Golub (left) speaks on stage at the Forbes/Shook Top Advisor Summit in Las Vegas.Santa Barbara Photography Lawrence Golub, billionaire founder and CEO of private credit firm Golub Capital, emphatically dismissed fears that the rapid growth of private credit, specifically direct lending, is leading to a bubble. Speaking at the ninth annual Forbes/SHOOK Top Advisor Summit in Las Vegas, NV, on Thursday, Golub argued that direct lending continues to offer investors superior risk-adjusted returns and acts as a necessary hedging tool for traditional 60/40 portfolios with stocks and bonds. “It’s for sure not a bubble,” he said to a room…

Pure Storage’s low-key cofounder John Colgrove joins the three-comma club after signing a flashy deal with Meta amid increasing data storage demand. John Colgrove—who still goes by his childhood nickname of Coz—dials in to a Zoom call from a hotel room in Vienna where he’s taking a brief respite ahead of meeting with Pure Storage’s European clients and speaking at conferences across London, Amsterdam, Paris and Munich. Despite being in vacation mode, the cofounder and “chief visionary officer” of the data storage company is wearing the same plain black T-shirt, gray basketball shorts and size 16 New Balance sneakers that…

5 ChatGPT prompts to manage stress as an entrepreneur gettyEntrepreneurs burn out because they confuse activity with progress. Stress comes from holding everything yourself. Work with AI, or you’ll never scale. What if you could cut your stress in half while doubling your output?ChatGPT can help you systematically reduce entrepreneurial stress. Turn chaos into clarity, overwhelm into organization, and anxiety into action. Copy, paste and edit the square brackets in ChatGPT, and keep the same chat window open so the context carries through.Manage entrepreneurial stress with ChatGPTPre-empt your stress triggersMost entrepreneurs waste energy fighting invisible enemies. They feel overwhelmed but…

ROME (AP) — The Armani fashion house said on Thursday it has appointed luxury veteran and longtime manager Giuseppe Marsocci as its new chief executive officer, following the death of its founder last month at 91.Marsocci, 61, who has been with the Armani group in top roles for 23 years, both in Italy and abroad, takes the lead at a crucial time for the fashion empire, one of the most valuable and best-known companies in the country.The late Giorgio Armani instructed his heirs to sell an initial 15% minority stake in his vast fashion business not before one year and…

Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent and graduate student loans. Philanthropists could help fill the gap. Antonio Sweeney relied on a mix of private and school scholarships, plus a federal Pell Grant for low income students, to pay for his first two years at his dream school, Morehouse College, in Atlanta, the alma mater of Sen. Raphael Warnock (D-Georgia) and Martin Luther King Jr. But by junior year, most of the outside scholarship money was used up and he had taken on so many activities–from serving…

A circuit board.Sergio Flores/Bloomberg Surging demand for computer chips and related components amid the AI boom has boosted shares of ISU Petasys, a little-known manufacturer of printed circuit boards in South Korea, by 215% so far this year. The stock rise has made the company’s chairman, Kim Sang-beom, South Korea’s newest billionaire. Kim, 64, directly and indirectly owns 17% of ISU Petasys shares. He also has stakes in other ISU Group companies: ISU Specialty Chemical, ISU Chemical and biotech firm ISU Abxis. Forbes estimates Kim’s net worth at $1.1 billion. Based in Daegu, a city in southeastern South Korea, ISU…

NEW YORK (AP) — With the U.S. experiencing a significant hiring slowdown, it’s a daunting time to be looking for a job. Many workers are staying put instead of changing jobs to secure better pay. Artificial intelligence tools increasingly screen the resumes of applicants. Now may seem like an inappropriate time to request a raise.But sticking around doesn’t mean wages and salaries have to stagnate. Career experts say it’s not wrong, even in a shaky economy, to ask to be paid what you’re worth. Raises aren’t even necessarily off the table at organizations that are downsizing, according to some experts.“A…

KALSOY ISLAND, Faroe Islands (AP) — While once the Faroe Islands might have slipped under the radar, more tourists than ever are arriving on the remote archipelago in the north Atlantic. According to Statistics Faroe Islands, a record 94,954 check-ins occurred last year at hotels, hostels and guesthouses.That’s relatively small for a European destination, but authorities are already thinking about how to protect the windswept 18 islands from the tourism pressure that has led to backlash elsewhere.Like Greenland, the Faroes are a self-governing territory of Denmark. So far, U.S. President Donald Trump has expressed no public interest in taking control…

KALSOY ISLAND, Faroe Islands (AP) — While once the Faroe Islands might have slipped under the radar, more tourists than ever are arriving on the remote archipelago in the north Atlantic. According to Statistics Faroe Islands, a record 94,954 check-ins occurred last year at hotels, hostels and guesthouses.That’s relatively small for a European destination, but authorities are already thinking about how to protect the windswept 18 islands from the tourism pressure that has led to backlash elsewhere.Like Greenland, the Faroes are a self-governing territory of Denmark. So far, U.S. President Donald Trump has expressed no public interest in taking control…