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3 market movers: small-cap breakout, US debt auctions, crypto

3 market movers: small-cap breakout, US debt auctions, crypto

Yahooa day ago

Yahoo Finance Markets and Data Editor Jared Blikre joins Morning Brief to break down the top three market movers in Monday's trading day, including the small-cap (^SP600, ^RUT) breakout, bitcoin (BTC=F) climbing, and the $120 billion in US debt auctions traders are watching.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

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'I Literally Have Almost No Money'—MrBeast Shocks Fans by Borrowing Wedding Funds from His Mom
'I Literally Have Almost No Money'—MrBeast Shocks Fans by Borrowing Wedding Funds from His Mom

Yahoo

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  • Yahoo

'I Literally Have Almost No Money'—MrBeast Shocks Fans by Borrowing Wedding Funds from His Mom

Jimmy Donaldson, better known as MrBeast, recently surprised fans by revealing on X that he's borrowing money from his mother to pay for his upcoming wedding. The disclosure comes despite an estimated $1 billion net worth and a business empire reportedly valued at $5 billion, highlighting a paradox of the creator economy: being asset-rich but cash-poor. "I literally have almost no money," MrBeast said in a June 2 post on X.. "I've just been reinvesting everything into content and 'literally' had to borrow money from my mom to help with my wedding lol." Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. This comes as his businesses—collectively known as Beast Industries—were reported by Bloomberg in February to be raising funds at a $5 billion valuation. "I think this year we'll spend around a quarter of a billion on content," Donaldson continued. According to Business Insider, his business generated just under $500 million in revenue last year. This high spending is driven by projects like MrBeast's Feastables snack brand and the Amazon Prime Video series, "Beast Games," which require substantial upfront capital. The show awarded a $10 million prize to its first-season winner—making it one of the most expensive game shows ever produced, Forbes reported. Despite financial constraints, Donaldson and his fiancée, Thea Booysen, are opting for an intimate, low-key wedding. "This will definitely be more family and friends—definitely more private. I don't take much vacation because of how hard I work... It will be the ultimate way to take some time away and enjoy things," MrBeast told People. Trending: Maximize saving for your retirement and cut down on taxes: . Booysen echoed the sentiment, telling the New York Post that they were considering holding the wedding on an island, away from public attention, and described the event as "nice but certainly intimate," focused on close family and friends. Goldman Sachs estimates that the creator economy could reach $480 billion by 2027, powered by more than 50 million active creators. However, MrBeast's experience illustrates that building billion-dollar ventures may come at the cost of short-term personal liquidity. Donaldson said on the "The Diary of a CEO" podcast that while he may be a billionaire "on paper," he has "less than a million dollars" in his actual bank account. Read Next: Invest where it hurts — and help millions heal:. The average American couple has saved this much money for retirement —? Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 'I Literally Have Almost No Money'—MrBeast Shocks Fans by Borrowing Wedding Funds from His Mom originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

EU targets Russia with sanctions, lower oil price cap
EU targets Russia with sanctions, lower oil price cap

UPI

time29 minutes ago

  • UPI

EU targets Russia with sanctions, lower oil price cap

EU Commission President Ursula von der Leyen (R) and High Representative of the European Union for Foreign Affairs and Security Policy Kaja Kallas briefed the press Monday on the 18th package of sanctions against Russia, in Brussels, Belgium. Photo by Olivier Matthys/EPA-EFE June 10 (UPI) -- The European Commission on Tuesday unveiled its latest in a series of sanctions against Russia targeting energy exports, infrastructure and finances. "Oil exports still represent one-third of Russia's government revenues," European Commission President Ursula von der Leyen said at a news conference in Brussels, Belgium. "We need to cut this source of revenues," she added. The measures aimed to put pressure on Moscow to end Russia's war in Ukraine include a proposal to lower the current $60 oil price cap to $45 per barrel and bans use of the Nord Stream pipelines between Germany and Russia. At least nine individuals and 33 companies will be slapped with asset freezes. And the EU will consider adding another 77 boats part of Russia's "shadow fleet" banned in European ports of entry, part of at least 300 other barred Russian vessels. In addition, at least 22 Russian banks will be cut off from the SWIFT international banking system and the Russian Direct Investment Fund. Von der Leyen called the sanctions "robust" and "hard-biting" and added that Russia's economy has already been bowing to past pressure. "Russia continues to bring death and destruction to Ukraine," she said Monday at the press conference with Kaja Kallas, the EU's top diplomat. "Our message is clear: This war must end." Kallas called Russia's military invasion of Ukraine "outright illegal." She said it was "clear that Russia does not want peace," adding it is "cruel, aggressive and a danger to us all." It arrived ahead of this weekend's G7 summit in Alberta, Canada where the new oil price caps will be discussed. "With this package, we step up pressure on Russia," stated von der Leyen. "Our objective is very clear: We are reiterating the call for a full, unconditional ceasefire of at least 30 days," she said.

Jamie Dimon Says Wells Fargo's Asset Cap Was ‘Grossly Unfair'
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Bloomberg

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  • Bloomberg

Jamie Dimon Says Wells Fargo's Asset Cap Was ‘Grossly Unfair'

Wells Fargo & Co. 's Federal Reserve-imposed asset cap that restricted its size for more than seven years was 'grossly unfair,' said Jamie Dimon, longtime boss of its biggest rival. 'They went through a long, arduous road to get out of that thing,' JPMorgan Chase & Co. 's chief executive officer said at a conference Tuesday. 'Punishment should fit the crime, not be something you don't understand at all.'

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