Arnault Overtakes Musk as World's Richest Person Amid Tesla CEO's Falling Net Worth
• Bernard Arnault, CEO of LVMH, is currently richer than Elon Musk
• Russia's GDP growth forecast for 2024 raised to 2.6% due to military spending on Ukraine invasion
• Tesla CEO Elon Musk takes $51 billion hit to net worth after judge struck down his executive compensation package
• The Federal Reserve last cut interest rates in March 2020 and has been hiking rates since to tame high inflation
• The "Great Resignation" wave of people quitting jobs in the U.S. appears to have slowed down, with 3.4 million resignations in December 2022 versus 4.5 million in April 2022