WASHINGTON, DC – JANUARY 20: Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C. Photo by Julia Demaree Nikhinson – Pool/Getty Images.

The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.

Shares of Louis Vuitton Moet Hennesy ( LVMUY -1.54%) were moving higher today in symphony with a strong earnings report from luxury peer Richemont ( CFRUY 0.34%), the owner of Cartier. The results seemed to indicate a long-awaited recovery in the luxury sector, and sector stocks broadly gained on the news.

SpaceX launched its huge Super Heavy-Starship mega rocket on its seventh test flight Thursday, successfully "catching" the first stage booster back at its firing stand but losing its new ...

Following CNBC's latest report, Morning Brew noted that SpaceX's valuation makes it the most valuable private startup to date and is even more helpful than LVMH–the luxury holding group owning brands such as Louis Vuitton, Moet Hennessy, and TAG Heuer–which is currently valued at £285 billion ($347 billion).

Alphabet's Google, along with other companies such as Amazon and Meta, donated $1 million each to Trump's inaugural fund. Trump will likely dial back some of the antitrust policies pursued under former President Joe Biden, potentially including a bid to break up Google over its dominance in online search, experts said.