Elon Musk's name is set to appear in the history books once again—but this time for breaking the Guinness World Record for losing the most wealth, ever. On Friday the record authority said the Tesla cofounder had suffered the largest loss of personal fortune in history, at an estimated $182 billion since November 2021. Guinness World Records said the exact figure was "almost impossible to ascertain" because the calculation is based on an estimation by Forbes. It added that other sources—which...

Warren Buffett's new favorite stocks have had another boost this week after Berkshire Hathaway upped its investment in Japan's five biggest trading houses. Berkshire Hathaway's stakes in Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo have now increased—on average—to at least 8.5%, the company confirmed today. The investment firm also revealed that the aggregate value of these stakes now puts Japan as Berkshire's second-largest geography—coming in behind the U.S. Buffett began investing in...

Things seemingly went from bad to worse for Frank founder Charlie Javice, who pulled millions out of JPMorgan Chase after the institution fired her for alleged fraud, only to find her new lender caught in a bank run. More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a...

Parents to adult kids across the U.S. are considering coming out of retirement or refinancing their homes in order to prop up their kids' bank accounts - and the cash requests are only going to keep coming. But when is it time to close the Bank of Mom and Dad in order to protect your own financial security, especially in the face of a global recession? Economists are divided over whether or not the U.S. will plunge into a period of major economic downturn. The more optimistic among the group...