Business and America

1 week ago | businessandamerica.com | Jamie Smyth

Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. A bitter dispute between ExxonMobil and Chevron over ownership of a gigantic oil project with up to $1tn in reserves is scheduled to be heard before an arbitration court in London on Monday, in a case with big implications for both companies and the wider industry.

1 week ago | businessandamerica.com | Evan Osnos

In a matter of weeks, the flood of cash swirling around the White House swamped whatever bulwarks against corruption remained in American law and culture. There have always been wealthy donors, of course. But a decade ago no one on earth had more than a hundred billion dollars. Now, according to Forbes, at least fifteen people have surpassed that mark. Since Trump first took office, Musk’s net worth has grown from roughly ten billion dollars to more than four hundred billion.

1 week ago | businessandamerica.com | Ryan Downie

Generally accepted accounting principles, usually called GAAP, are the rules that accountants for public companies in the U.S. must follow to make sure that the numbers they report to the company’s investors are clear and accurate. GAAP rules are intended to prevent company management from using accounting tricks to overestimate their revenues, earnings, and margins or to underestimate their expenses.

1 week ago | businessandamerica.com | Valentina Palladino

Shopping for the best cordless vacuum cleaners means finding that sweet spot between power, portability and convenience. Whether you’re cleaning up after pets, tackling hardwood floors or reaching those tricky spots under the couch, cordless vacuums offer freedom and versatility that traditional canister vacuums just can’t match.

1 week ago | businessandamerica.com | Stephanie Mehta

Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning.