Big growth companies have been the . But with the current economic uncertainty, it could be time for small stocks to shine.

Miles Lewis manages $1.5 billion, most of it in the Royce Small-Cap Total Return Fund. He makes the case that small companies are more domestic-focused than the multinational firms in the S&P 500, for instance, meaning they are “more insulated from retaliatory tariffs.”

Still, the current tilt to big growth companies is extreme: A decade ago, the ratio of the collective value of the market’s five most valuable companies compared to the companies in the small-cap Russell 2000 index hovered just above 1 to 1. Now, it’s just shy of 5 to 1.

Financial ratings firm Moody’s Ratings downgraded the U.S. government’s credit ratings Friday, citing its rising debt and interest in a move that underscores a ballooning federal budget deficit, making it the . U.S. stock futures slid early on Monday, while long-dated Treasury yields breached the 5% mark.

President Donald Trump, former President Barack Obama and many other leaders from across the political sphere expressed their support for former President Joe Biden and wished him a speedy recovery after . “Nobody has done more to find breakthrough treatments for cancer in all its forms than Joe,” Obama wrote.

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In a social media post over the weekend, President Donald Trump told Walmart to stop blaming his sweeping tariffs as the reason for price increases, and instead of the tariffs. “Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING.”

Dick’s Sporting Goods will acquire Foot Locker for $2.4 billion, nearly tripling its total store count and expanding its .The move is also expected to benefit Nike, as footwear currently represents 38% of Dick’s business and over half of Foot Locker’s, and Nike is the top-selling footwear brand for both.

Most of the nearly 900 billionaires in the U.S. got rich by building businesses or inheriting big bucks from someone who did, but a small and growing group of current and former American executives have . Altogether, Forbes found 48 of these hired-hand billionaires in 2025, up from 29 a year ago. And that count is sure to keep climbing thanks to soaring share prices and sky-high executive pay packages.

Last minute concessions secured unified Republican support in a key House committee for President Donald Trump’s “big, beautiful bill” Sunday night, after . The nonpartisan Committee for a Responsible Federal Budget estimated the bill would add at least $3.3 trillion to the federal debt over the next 10 years.

The Federal Reserve will slash its staff by 10%, or about 2,000 workers, over the next few years, Chairman Jerome Powell told employees in a memo. Part of the deduction will come from deferred resignations for employees eligible for retirement. Though independent from the executive branch, it’s the to shrink the federal workforce.

The Supreme Court on Friday blocked the Trump Administration from further deportations of migrants known as the Alien Enemies Act. In an unsigned decision, the court said the administration did not provide detainees enough time to challenge their removal in court.

TheFDA greenlit the first blood test to diagnose Alzheimer’s disease Friday, a major benchmark that a top agency official said will make diagnosing the brain disorder An estimated 6.7 million Americans have Alzheimer’s, according to the CDC, a number expected to double by 2060.

Many of us think of family vacations as something that happens before children leave home, but surveys show traveling with older children, , is becoming increasingly popular. One expert at the Metropolitan State University of Denver attributes the trend to two themes: bonding time away from everyday routines and a desire to leave an “experiential” legacy.

As summer approaches, the can quickly devolve into the reality of battling over limited parking spots, securing the last beach umbrella and wrangling the best lunch reservations.

This year, leave all that stress behind. Instead of elbowing through throngs on South Beach, it may be time to try that secluded stretch along Florida’s 30A highway. Rather than following the crowds to Waikiki Beach, consider a quiet Malaysian retreat.

For those seeking a summertime trip beyond the bustling tourist trails, Forbes Travel Guide’s editors put together a list of.

It includes places like the world-class Mandarin Oriental, Canouan, in the small Caribbean nation of St. Vincent and the Grenadines. It sits on Godahl Beach, the white-powdered playground that’s blanketed with the Five-Star resort’s colonial-style suites, Italian-designed villas and a spa with hillside palapas.

Or try D Maris Bay, a Turkish resort where the Aegean and Mediterranean seas meet. It features six distinct beaches—ranging from a club scene with DJs and late-night parties to a family-friendly option with a kids’ club—and a yacht for water adventures.

And while Tuscany may not be the first destination that springs to mind when dreaming up a beach getaway, the Four-Star Hotel Principe Forte dei Marmi, is worthy of one.

Forbes Travel Guide’s 25 Most Anticipated Hotel Openings Of 2025

The Trump Administration with its latest move to lay off about one-third of the workforce at the federally-funded Voice of America.

The number of Voice of America employees laid off

The amount that Trump is suing CBS for claiming it deceptively edited its 60 Minutes interview with Kamala Harris interview with Kamala Harris The amount that Trump is suing CBS for claiming it deceptively edited its 60 Minutes

: According to Kari Lake, senior adviser for Voice of America’s parent company, the U.S. Agency for Global Media

In a job market where employers increasingly value skills, earning micro-credentials can help boost your salary. It allows you to demonstrate mastery of in-demand abilities and shows a commitment to continuous learning—both of which can reduce an employers’ training expenses in the long run. Start by researching employer preferences to find out which certifications are most sought-after, prioritize those that bear credits, and be prepared to quantify the impact of the skills when negotiating your salary.

QUIZ

Taxpayers in which state could be on the hook for millions of dollars of President Donald Trump’s legal fees after its governor signed a new bill into law?

A. New York

B. Georgia

C. Florida

D. New Jersey

Check your answer.

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Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire, Chris Dobstaff and Caroline Howard.