The UK is on track to lose ~16,500 millionaires this year, more than any country on record.
Analysts have dubbed it "Wexit," a wealth exodus fueled by tax hikes, policy chaos, and Brexit fallout.
Let's get into it.
2/ The October 2024 budget lit the fuse with capital gains and inheritance tax hikes, plus new rules aimed at non-doms, made the UK's moneyed class run for the hills.
Over half of those fleeing? Foreign-born professionals.
3/ Once a crown jewel for the wealthy, the UK is now the only top-10 economy to lose millionaires since 2014.
It's bleeding talent and capital, especially from finance, tech, and law.
1/ Law school applications are surging, up 20.5% from last year alone.
Schools like Georgetown received 14,000 applications for just 650 spots, making this one of the most competitive years in recent history.
What's causing the jump?
Let's get into it.
2/ A weak job market and economic uncertainty are driving many to law school, seeing it as a stable career path.
Even MBA graduates from top schools are struggling to find jobs, adding to the influx of applicants.
3/ AI may be reshaping industries, but law remains relatively resistant to automation, making it an attractive option for those seeking long-term career stability.
But only a fraction of graduates secure those high-paying Big Law positions.
1/ BuzzFeed had a saving grace this week when it sold "Hot Ones" for $82.5 million.
But will it be enough to save the once high-flying digital publisher from financial collapse?
Let's get into it.
2/ "Hot Ones," known for its spicy celebrity interviews, will now operate as a stand-alone company under the ownership of a fund controlled by George Soros.
Host Sean Evans remains an investor, ensuring continuity for fans.
3/ The show has over 14 million YouTube subscribers and 4 billion views.
It even has a cultural presence on shows like SNL and "The Simpsons."