The labor market continued to moderate, with hiring remaining steady but the unemployment rate rising, reflecting efforts by the Federal Reserve to cool the economy.
A former Goldman Sachs trader moved to the Bay Area to make it in tech. He ended up buying rural land with money from some of Silicon Valley’s wealthiest people.
Scions of their family businesses are embracing legacies, whether lost or lasting, while tackling a future that their forebears would barely recognize.