GDP shows the economy grew 1.5% in the second quarter — but it’s even better than it looks

The most valuable hires, according to Ramp cofounder and CEO Eric Glyman, aren’t the ones with the lengthiest or most impressive résumés. They’re the ones not even in the job market yet. Glyman’s hiring philosophy runs against the standard corporate playbook of a litany of credentials, crazy connections, and elite college degrees. He’s after what…

Former banking boss Jayne-Anne Gadhia has been picked to chair the U.K.’s audit regulator, the government announced on Monday.  Processing Content Gadhia, who ran Virgin Money for over a decade, is the preferred candidate to replace Jan du Plessis as chair of the Financial Reporting Council, according to a statement.  The FRC, led by Chief…

The public has long questioned the world’s richest man, Elon Musk, about what he’s doing sitting on a trillion-dollar fortune. After all, other billionaires give away vast amounts of their wealth (take MacKenzie Scott, who’s donated more than $26 billion and is still worth nearly $35 billion).  On social media, some have begged and pleaded…

A $6 billion Commonwealth/LPL Financial team has split off to become a hybrid registered investment advisor, while keeping ties to LPL Financial as its custodian and broker/dealer.  Bartholomew & Company, which is based in Worcester, Mass., announced Monday it was launching as a hybrid RIA, with its roughly 5,000 clients moving from Commonwealth custodian Fidelity…

Renate Reinsve in “Backrooms.” A24 The 4K Ultra HD + Blu-ray release of Kane Parsons’ monster hit Backrooms will include the Everything Must Go footage that was included as part of an extended cut of the films that played in theaters earlier this month. Along with fellow YouTube director Curry Barker’s indie horror blockbusters Obsession,…

The Trump administration is stepping up its efforts to cut red tape across the federal government, releasing a regulatory plan that would eliminate 702 existing administrative rules. Processing Content The reductions published on Friday set a record for the number of deregulatory actions under consideration in a White House semiannual agenda plan. It’s also about…