The United States’ richest Big Tech executives lost a collective $25 billion to their net worth after Thursday’s market sell-off, according to data compiled by CNBC’s Robert Frank. The S&P 500 tech sector closed down 5.8% Thursday, dragging markets in the red. The dramatic drops shaved several billions off the net worth of some of
Wealth
Ever thought about going to Antarctica for the day? It’s possible through sightseeing tours by Antarctica Flights. The company operates flights that depart from Australia and fly one of 19 routes over the ice-covered continent. Flights depart and land at the same airport, making this one trip that actually is more about the journey than
Macy’s, which is known for kicking off the holiday season with its nationally televised Thanksgiving Day parade, is painting a picture of a holiday season unlike any other. As the country still grapples with the global coronavirus pandemic, CEO Jeff Gennette said Wednesday he is anticipating a more drawn-out holiday season — with shopping kicking off
Thanks to Amazon’s success, CEO Jeff Bezos is the richest person in the world, worth $207 billion, according to the Bloomberg Billionaires Index. But when he started Amazon as an online bookseller in 1994, Bezos thought it was likely that his business would fail. “I thought there was a 30% chance that we might build a successful
Professional soccer player Amobi Okugo has spent years building up his side hustle, the smart money site A Frugal Athlete. Given the chance for a do-over, there’s one expense he’d save money on: Website design. Okugo started A Frugal Athlete in 2014 with money from his savings account, with initial start-up costs including hiring designers
If you want to tackle problems the same way as Bill Gates, you need to start with two simple questions: “Who has dealt with this problem well? And what can we learn from them?” “Ever since I was a teenager, I’ve tackled every big new problem the same way: by starting off with [those] two questions.
Jamie Dimon, chairman and CEO of JPMorgan Chase, manages over 250,000 employees globally – and when looking to hire new people or promote within, he looks for key “leadership” characteristics. “Management, in an important way, is facts, analysis, details, follow-up [and] discipline. And it is hard. You have to do it all the time – [managing] sales, balance
Hotels are rolling out the red carpet for a new breed of traveler: your new puppy. Lockdowns, social distancing and new work-from-home arrangements have caused animal adoptions to soar across the United States. A new TD Ameritrade survey found that 33% of Americans — and half of millennials — have considered fostering or adopting a
The coronavirus pandemic has uprooted most aspects of daily life. But some entrepreneurs are finding opportunities in crisis by sowing the seeds for a new future. CNBC Make It’s Karen Gilchrist speaks to three Singaporean start-ups to discover how their businesses are shaping a post-pandemic world. 07:36 Sun, Aug 30 20208:20 PM EDT
To celebrate Warren Buffett’s 90th birthday on Sunday, Bill Gates wrote a blog post honoring the pair’s 29-year friendship — and what may be the most important guidance Buffett ever gave him. Gates and Buffett first met in 1991 and bonded over their common love for math and numbers, Gates said in his post. Since then, Gates and Buffett
The coronavirus pandemic has uprooted most aspects of daily life — and much of the economy built around it. But out of crisis comes opportunity. And for some young entrepreneurs, the pandemic has unearthed green shoots for a new future. In Singapore, fast-growing start-ups in the food, retail and technology industries have been working to respond
Warren Buffett is celebrating his 90th birthday on Sunday. The longtime chairman of Berkshire Hathaway and investing icon is still going strong with a career that’s stretching toward seven decades. Buffett’s sustained market success has earned him the moniker “The Oracle of Omaha” and a cult following of want-to-be financial savants hoping to soak up
King’s college, Cambridge. IR_Stone | iStock Editorial | Getty Images Cambridge has been named as the best place for students to work and live in the U.K. on completing their studies, according to a list compiled by a graduate careers app. With working from home having become the norm for many due to the coronavirus
President Donald Trump has known billionaire Ronald Lauder for close to 50 years. Yet, even as the president is down in the polls, the heir of Estée Lauder Companies has been virtually silent on whether he will assist Trump in his re-election effort this year. Lauder, who has a net-worth of just under $5 billion
Tiger selfies in Thailand, donkeys buckling beneath heavy riders in Greece, guests doing yoga atop elephants at a luxury resort — these instances, and others, were the impetus behind new animal tourism guidelines published last week by adventure travel company, Intrepid Travel, and the global animal welfare organization, World Animal Protection. The Animal Welfare Policy Toolkit says
Amazon CEO Jeff Bezos is now worth $202 billion, according to the Bloomberg Billionaires Index. Bezos is the first person to surpass the $200 billion threshold, CNBC reported, and remains the richest person in the world. For this milestone, Bezos can thank his company’s success, as most of his personal wealth is tied to his more than 57
Some workers in the U.K. will be paid £130 ($172) if they are required to self-isolate amid the coronavirus pandemic, the British government announced Thursday. The payouts will be available to workers with low incomes who can’t work from home and live in areas with high numbers of confirmed coronavirus cases. Workers who test positive
Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos on Wednesday saw his net worth soar above $202 billion, according to the Bloomberg Billionaires Index, making him the first person to cross the $200 billion threshold. He’s now $78 billion richer than Microsoft co-founder Bill Gates, who stands at number two. The Amazon
New York. Rep. Alexandria Ocasio-Cortez shared some of her secrets to staying organized and prepared during congressional hearings in an Instagram story Monday — and they are techniques anyone can use. Ocasio-Cortez, who was prepping to question Postmaster General Louis DeJoy, who testified Monday on the sweeping changes made to the Post Office, said she uses methods
Hope Hicks, a longtime confidant of President Donald Trump’s, landed high-paying gigs, including a Wall Street speaking engagement, between White House stints, according to her latest financial disclosure report. After serving as one of the leaders of Trump’s White House communications shop, she departed the administration in late March 2018. She returned as an assistant and
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