As Jeff Bezos defends Amazon‘s largess in front of the U.S. House Committee on the Judiciary on Wednesday (“Just like the world needs small companies, it also needs large ones,” his prepared remarks read), his ex-wife MacKenzie Scott has announced an update on her own efforts to dismantle the mountain of money and privilege on which
Wealth
The number of coronavirus cases in the U.S. surpassed 4 million in late July. Certain parts of the country have been hit particularly hard this month, including California and North Carolina, both places where I’ve recently spent time. After flying back to Los Angeles, where I currently live, from Charlotte, North Carolina, where my family lives, I
While large cruise ships have mostly stopped sailing due to the pandemic, smaller ships are planning to sail to Antarctica this winter. The No Sail Order issued by the Centers for Disease Control and Prevention, which is currently in effect until Sept. 30, applies to cruise ships with the capacity to carry at least 250
A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters Home prices in the Hamptons hit new records as wealthy New Yorkers fled the Covid-19 troubles of the city for the beach, according to a new report. The median price of a single-family home in the Hamptons reached $1.1 million in
Passengers who refuse to wear masks based on medical exemptions will no longer be able to fly on American Airlines and Southwest Airlines. On Wednesday, both air carriers announced anyone over the age of two must wear a mask while flying. Masks can only be removed to eat or drink, and Southwest’s new policy states
View from a luxury rental at West Half, overlooking Nationals Park, Washington, D.C. Pat Pugliese | CNBC WASHINGTON — When Dr. Anthony Fauci throws out the ceremonial first pitch of this truncated baseball season Thursday night, players, coaches and umpires will see it in person at Nationals Park. But no fans will be in attendance,
When you arrive at Potato Head Beach Club’s security checkpoint in Bali, Indonesia, guests are screened for the usual contraband such as weapons or explosives and one other thing: plastic bottles. Single-use plastic is banned from the resort, which means, guests often turn in their water bottles. It’s all part of the experience, though, which is
It’s been roughly eight years since I quit my investment banking job and retired at 34. My wife—also an early retiree—and I had a combined net worth of about $3 million. Achieving early retirement is difficult for a lot of people, so we feel incredibly grateful to have financial independence and freedom from work. We
For many people living in poverty around the world, working from home amid the Covid-19 pandemic is not an option, even when showing up to work means potentially getting sick. But there is a solution to that problem, according a paper released Thursday by the United Nations Development Programme (UNDP): Give the poor cash so they
Theranos CEO Elizabeth Holmes speaking at the 2015 Clinton Global Initiative in New York on Sept. 29, 2015. Adam Jeffery | CNBC Elizabeth Holmes, whose company Theranos promised a revolutionary way to detect diseases, will likely have her criminal trial delayed until early 2021 due to a global pandemic with no cure in sight. U.S.
Amid the pandemic, the number of consumers requesting airline refunds has reached new heights. In fact, the Department of Transportation has received “an unprecedented volume of complaints from passengers” regarding airline refunds during this time, CNBC reported. And on CNBC’s new web series ”Got a Money Dispute? Ask Kevin,” host Kevin O’Leary says arguments over travel refunds are “one
In 1998, Jamie Dimon was fired by his own mentor, former Citigroup CEO Sandy Weill, after the pair had worked together for 15 years. At the time, “I was the president and chief operator of Travelers,” an insurance company, Dimon, now 64, said on the July 15 episode of the “Coffee with The Greats” podcast.
New York’s billionaires would pay about $5.5 billion a year under a new tax being proposed by Democrats in the state legislature. The tax, part of a new “Make Billionaires Pay” campaign by progressive lawmakers and activists, would impose a new form of capital gains tax on New Yorkers with $1 billion or more in
Jeff Bezos had a pretty lucrative Monday. The billionaire Amazon CEO set a record when his net worth jumped by $13 billion in just one day, on Monday, according to Bloomberg. The Bloomberg Billionaires Index put Bezos’ estimated net worth at $189.3 billion at the end of Monday. Bezos, who is the world’s wealthiest man
Less than three weeks after reopening to international travelers, the Bahamas is closing its borders to U.S. residents after a rise of coronavirus infections on the island nation. In a national address on July 19, Bahamas Prime Minister Hubert Minnis announced that airports and seaports would close to all travelers except those coming from Canada,
In a new series, CNBC Make It speaks to young entrepreneurs who are pivoting their businesses, or starting anew, to address some of the challenges raised by the coronavirus pandemic. The race is on to combat the coronavirus. Since the outbreak was first identified at the start of this year, pharmaceutical giants and institutions have been
It’s anything but business as usual as the world’s top attractions reopen amid the backdrop of a global pandemic. New guidelines aim to strike a balance between providing attraction-goers with an experience to remember while keeping visitors and staff safe. Still, questions remain: Should you go? Is it safe? Will lines be short or unbearably long?
Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The U.S. stock market recovered from the March bottom so fast that many wealthy investors are not sure what move to make next. Millionaire
Women in the U.S. earn 81 cents for every dollar men make in 2020. That’s the raw gender pay gap, “which looks at the median salary for all men and women regardless of job type or worker seniority,” Payscale explains in a 2020 report on the state of the pay gap. The gap forms early
NEW DELHI, INDIA – NOVEMBER 12: Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. (Photo by Amal KS/Hindustan Times via Getty Images) Hindustan Times Twitter said late Thursday that about 130 people were targeted in a cyberattack that took