Business billionaires and CEOs marched into Beverly Hills last week for the Milken Global Conference. The prestigious event drew individuals from the highest echelons of the banking industry, eager to discuss the current state of the economy. The Beverly Hilton was alive with a flurry of luxury jets showcasing distinct cabins and executives.
High-profile guests in attendance included journalists Akin Oyedele, Dakin Campbell, and Ben Bergman from Insider. At the conference, tempers flared regarding the Federal Reserve’s influence on bank investments and local banks. Attendees eagerly discussed the ramifications of the rates hikes and the possibility of regrowth within the privates credit line.
Outside of the main events, private parties were held all week in venues such as West Hollywood, who previously hosted events of late-night hosts Jimmy Kimmel and Kim Lew who is Columbia’s University endowed manager.
For almost a year, Jeff Palkevich’s home was bombarded by unwelcome guests. Eventually, he realized that he was the victim of a “bait and switch” wherein an Airbnb host provides a listing of one address, only to change the actual place of residence at the last minute.
At the conference, healthcare was discussed as one of the sectors most affected by advances in artificial intelligence. Hospitals are experimenting with the technology and pursuing a balance between speed and safety.
Finally, there’s the issue of “junk fees” which lurks as an unwelcome annoyance when buying a home. Stephen Brobeck from the Consumer Federation of America labels these as unnecessary costs that can reach up to $1000.
Shopify is a big-name business recently in the headlines for accompanying layoffs and a rework in its logistics strategy. The decisions mark an abrupt end to its journey. Although ambitious, the venture had failed to compete with industry giant Amazon.
To conclude, the Summit held in Beverly Hills was a chance for the cream of the crop to converse on the pressing trends of the current economic climate.
