Wealth

After the summer surge in Covid-19 cases in the United States, countries have taken one of two positions toward American travelers: welcome them or — more likely — ban them all. A new plan by Costa Rica takes a nuanced approach. On Aug. 19, the Central American country announced it is welcoming the residents of six U.S.

Bill Gates is a tech icon and the world’s second-wealthiest person. So, it’s hard to imagine the Microsoft co-founder being jealous of anyone. However, as Gates reveals in a recent interview with the Armchair Expert podcast, the billionaire was envious of his one-time friend and rival Steve Jobs’ legendary charisma. In the interview, which was

Former White House Chief Strategist Steve Bannon exits the Manhattan Federal Court, following his arraignment hearing for conspiracy to commit wire fraud and conspiracy to commit money laundering, in the Manhattan borough of New York City, New York, U.S. August 20, 2020. Andrew Kelly | Reuters A little-known not-for-profit run by Steve Bannon, and now

Travel planning has changed — and not in a good way. In addition to booking a flight and hotel, travelers are faced with questions that were unthinkable just six months ago. Where can I go? Do I need a negative Covid-19 test result to enter? Must I quarantine upon arrival? If I’m allowed in, should

Unlike some other mega-billionaires, Warren Buffett’s net worth has taken a bit of a hit in 2020, thanks to a volatile stock market and an economy suffering the effects of the coronavirus pandemic. Berkshire Hathaway, the investment vehicle for the “Oracle of Omaha,” has seen its stock dip by roughly 8% since the start of

A chopper service for the wealthy just sold out of a commuter-pass between the Hamptons and Manhattan in September, suggesting that many of the wealthy who fled the city during the pandemic plan to remain in the Hamptons for the fall.  Blade, the chopper and mobility company, announced a special “Hamptons Commuter Pass” last week, 

When Melati Wijsen set out to rid Bali of plastic bags at the age of 12, she could hardly have imagined it would catapult her onto the world stage, leading a global movement of young social activists. But then, that’s the power of her generation. “Everything is happening in our lifetime, so we are pulled

Trevor Williams Companies should “watch out” for millennials when it comes to how environmental, social and governance issues influence where they invest their money, according to the head of ESG governance at PR firm Edelman.  Chuka Umunna, a former British lawmaker, told CNBC’s “Squawk Box Europe” on Wednesday that around $24 trillion of wealth, in

The pay gap between top corporate executives and workers is staggering – in 2019, CEO realized pay increased 14% from 2018 to an average of $21.3 million, a new study by the Economic Policy Institute (EPI) shows. The increase was thanks to “rapid growth in vested stock awards and exercised stock options tied to stock market

Elon Musk’s net worth is soaring in 2020, as Tesla’s surging stock price has roughly quadrupled since the start of the year. Musk owns about 20% of Tesla’s stock, a stake that’s worth more than $50 billion, according to research firm Wealth-X. Overall, Musk’s personal net worth is estimated to be at least $66.7 billion,

In the years since Michelle Obama first uttered her now-famous catchphrase, “When they go low, we go high,” during the 2016 Democratic National Convention, she says people always ask her if the strategy still works today. Her response: It’s “the only thing that works.” During Obama’s keynote speech during Monday night’s Democratic National Convention, the former first lady

Some of the world’s most popular islands experienced a spike in Covid-19 cases after reopening to tourists this summer. Now, governments are adding restrictions that range from outright tourist bans to increased testing and quarantine requirements, while other islands are indefinitely postponing plans to reopen.   U.S. Virgin Islands bans tourists for one month As of

From near death in a hotel fire to expectations of immortality, here are some memorable quotations from media tycoon Sumner Redstone. “Content is king.” — Redstone’s credo that some say he, rather than Bill Gates, coined. “I was enveloped in flames. The fire shot up my legs. The pain was searing. I was being burned

The fitting rooms at Rent the Runway’s flagship store in New York City. Source: Rent the Runway The coronavirus pandemic has taken a toll on many retailers, pushing dozens into bankruptcy, and it will now prompt the clothing subscription company Rent the Runway to shut all of its stores for good.  Rent the Runway told

Despite taking several business risks himself during the ’90s, NBA Hall-of-Famer-turned-business mogul Earvin “Magic” Johnson advises the next generation of entrepreneurs to “lay low” amid the Covid-19 pandemic. “If I was an entrepreneur and started [a business] today, I think I would just lay low and see where [the economy] is going to go,” Johnson told CNBC Make

Kamala Harris made history on Tuesday as the first Black woman and the first Asian American to be selected as a the vice presidential candidate for a major party in the U.S., when presumptive Democratic presidential nominee Joe Biden announced her as his running mate.  Harris, 55, who is the daughter of immigrants — her father

Shoppers walk past a Coach outlet store. Luke Sharrett | Bloomberg | Getty Images Coach and Kate Spade owner Tapestry said Thursday its sales online during the latest quarter surged a triple-digit percentage from a year ago, as consumers stuck at home during the coronavirus pandemic flocked to its websites for handbags, pajamas and other whimsical accessories. 

From gate to seat, air travel is undergoing a touch-free transformation, yet the one place flyers are probably most loathe to touch — the airplane bathroom — has received little attention of late.   That’s about to change, say companies that are producing “touchless tech” to transform bathrooms into hands-free zones. Which bathroom features are going touchless 

Kamala Harris made history Tuesday when presumptive Democratic presidential nominee Joe Biden announced the California senator as his running mate. Harris is first Black woman and first Asian American to be the vice presidential nominee of a major party.   Being the daughter of immigrants — her father is Jamaican and her mother was Indian — helped

The number of empty apartments for rent in Manhattan soared to their highest level in recent history, topping 13,000, as residents fled the city and landlords struggled to find new tenants. The number of apartments for rent, or listing inventory, more than doubled over last year and set a new record in the 14 years