Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about how global events continue to impact the U.S. economy. Cantor cited a range of topics, including Moscow's decision to halt the safe export of Ukrainian grain and rising oil prices as a result of Saudi Arabia scaling back on the number of daily barrels it puts into production.
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Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
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