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Sell the Company for $400 Million? He’s Giving It Away Instead.

After his sole heir died, Eddie Smith, the owner of Grady-White Boats, looked for a way to pass on his legacy. He was inspired by Patagonia to pledge future profits to charity.

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A Global Economy Jolted by an Oil Shock Now Gets a Tariff Reminder

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Blockbuster I.P.O.s Are Creating New Millionaires. Philanthropies Want a Cut.

As start-ups like Anthropic and OpenAI prepare to go public, nonprofits are hoping for a secondary…
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Tankers Sail Through Red Sea Despite Houthi Blockade

Dozens of ships continued to traverse the Red Sea this week, but with scattered disruption…
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