Desmond Chang has spent much of the past year in steaming kitchens and pungent food production facilities scattered around Chengdu — arguably the city with the spiciest cuisine on the planet. In all-night sessions over hotpots and baiju (a potent alcoholic spirit), he conspired with local residents Xu Fan and Yang Wen to make this
Wealth
The Republic of Mauritius, located off the east coast of Africa, is full of Indians who speak French. The story of how it got that way is an intriguing one. Visitors may be surprised at the predominance of French influence on this island state in the Indian Ocean — a destination best known for its
eclipse_images | E+ | Getty Images Tax season is still months away, but the IRS will want to know about your cryptocurrency holdings. The IRS just released a new Schedule 1 for the 2019 tax season, spelling out the details on above-the-line deductions, including the tax break for student loan interest and health savings account
What to buy for the frequent-flying road warrior who sees it all in their travels? Here are creative gadgets that can make upcoming 2020 travel that much more comfortable. Wireless earphones: Nuheara’s IQbuds Boost Nuheara IQbuds Boost Courtesy of Nuheara. Eliminate the endless noise pollution of airports, planes, trains and city life with these wireless
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk testified under oath he’s not sure know how much he’s worth. The Tesla and SpaceX
Charles Taylor | Getty Images There are less than four weeks left in the year, and your chances of a holiday gift at work are looking pretty good. About 2 in 3 companies anticipate giving workers a year-end bonus or perk, according to new data from Challenger, Gray & Christmas. The Chicago-based recruiting firm polled 250
Elon Musk is due to resume testifying in his own defense on Wednesday in a defamation lawsuit filed by a British diver whom the Silicon Valley billionaire called “pedo guy” on Twitter. Musk, the 48-year-old CEO of Tesla, apologized for the tweet during his first day of testimony in U.S. District Court in Los Angeles on
In the late 1990s Andy Jassy pitched a wild idea to his boss and mentor, Jeff Bezos: what if Amazon developed another business…this one, in the cloud. Two decades later, it’s Amazon’s most profitable division – one that Jassy continues to head up as the CEO of Amazon Web Services. Jon Fortt sat down with
La Reverie, the six-acre estate on Palm Beach stretches over 70,000 square feet. Handout Hedge fund billionaire Steven Schonfeld and his wife bought a sprawling Palm Beach estate for $111 million, making it the most expensive home ever sold in Florida. Schonfeld, the founder of New York-based Schonfeld Strategic Advisors, closed on the six acre-estate
Six of Silicon Valley’s biggest companies had a combined “tax gap” of more than $100 billion this decade, according to a new analysis. Fair Tax Mark, a British organization that certifies businesses for good tax conduct, assessed global tax payments from Facebook, Apple, Amazon, Netflix, Google and Microsoft between 2010 and 2019. The companies are
Rather than a wealth tax, successful businessman and businesswomen should be pushed to donate more, according to e-commerce billionaire Michael Rubin. “There has to be more pressure on entrepreneurs, when they create great value, to give back,” Rubin told CNBC’s “Squawk Box” on Monday. “I always bank on an entrepreneur to give back and get
jeffbergen | E+ | Getty Images The average American is in poor financial health. Those with credit cards carry more than $5,5000 in debt and, according to the American Psychological Association, 81% of Americans say that money is a significant source of stress in their lives. Despite the struggle, the basics of personal finance are
LVMH chair Bernard Arnault speaks at the Viva Technology conference in June 2017 in Paris, France Chesnot | Getty Images Bernard Arnault, chairman and CEO of luxury goods brand LVMH, has overtaken Bill Gates to be named the world’s second-wealthiest person by Forbes. According to Forbes’ Real-Time Billionaires List, the French businessman added an estimated
If you’re daydreaming about how you’d celebrate winning the Mega Millions jackpot, remember that Uncle Sam has a way of crashing the party. After about two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $226 million for Tuesday night’s drawing. Of course, the advertised amount isn’t
Armed with Peter Mayle’s 1989 best-seller A Year in Provence, my husband and I spent a romantic week in Provence in 1994. Newly love-smitten, we stayed in a quaint hotel overlooking the Rhône, enjoying breakfasts on our balcony by the river and strolling starry-eyed into the Place du Forum for dinner at the iconic Le
Passengers entering customs at Miami International Airport, ranked among the bottom five for immigration processing by Airside Mobile. JodiJacobson | iStock Unreleased | Getty Images If you’re traveling abroad this Thanksgiving weekend, you might want to think about waiting until the very last minute to fly home. That’s because you’ll find some of the shortest
Abigail Disney, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 30, 2019. Patrick T. Fallon | Bloomberg | Getty Images Abigail Disney, the heiress to the world-renowned entertainment firm, has endorsed the proposed wealth tax from Democratic presidential candidate Sen. Elizabeth Warren, slamming the wealthy people that are
Las Vegas isn’t the first place you’d think of to go on vacation alone. But earlier this year after a conference at one of the giant hotels on the Strip, I was curious to see Sin City through fresh eyes and decided to stay five more days — by myself. Being alone in an adults’
Apple CEO Tim Cook and President Donald Trump were in Texas this week, in a high stakes photo-op at the factory in Austin where Apple’s Mac Pro computer is assembled. Cook no doubt wants to make it hard for the president to put tariffs on Mac Pro components. Cook has said unless Apple continues to
Lloyd Blankfein, former Goldman Sachs CEO, told CNBC on Tuesday the pay disparity between CEOs and rank-and-file employees is really no different from what on-air television personalities get paid compared with behind-the scenes workers. Defending well-paid CEOs, who have become punching bags in the wealth inequity discourse of the Democratic presidential primary race, Blankfein responded