The Pentagon warded its Joint Enterprise Defense Infrastructure (JEDI) contract to Microsoft late last week. The JEDI contract is worth up to $10 billion over 10 years, but just as valuable as the money, it’s also worth bragging rights and street cred. This was supposed to be Amazon’s contract to lose. Amazon practically invented enterprise cloud
Wealth
Rachel Robasciotti, CEO of Robasciotti & Philipson in San Francisco, attended the conference where Ken Fisher made his comments on Oct. 8. She spoke out against the remarks. Nathan Phillips Billionaire investor Ken Fisher has made headlines for lewd comments at an investment conference earlier this month. For many women in the financial services industry,
Mary Smyth | Moment | Getty Images For older adults, perhaps nothing is scarier than the prospect of spending their later years in a nursing home. More than 1 in 2 adults aged 50 and over said that they would rather die than live in a long-term care facility, according to a recent survey from
Democratic presidential candidate Elizabeth Warren‘s wealth-tax is not the right idea when it comes to raising government revenue and reducing income inequality in America, billionaire and longtime Democrat Ron Baron told CNBC on Friday. “I don’t think Elizabeth Warren would be successful … if she were chosen president in getting through the policies that she’s proposing,”
Sen. Elizabeth Warren, who has been surging in Democratic presidential polls, has been softening her attacks on the rich and could win the White House, a billionaire investment titan and major Democratic donor told CNBC on Thursday. “I think she’s pivoting. I think she could win the election because she’s smart, she’s witty and she
A visual representation of bitcoin S3studio | Getty Images The rapid pace of technological change provides a breathtaking opportunity to challenge and change the world. We are moving toward a technology space that is swift, connected and digitized. This will not only reshape industries but also the regulatory frameworks around them. With this in mind,
Facebook CEO Mark Zuckerberg is back in Washington this week arguing for libra, the digital currency his company created. This, after he last week made the case in front of an audience at Georgetown University that Facebook’s future, its past and its reason for being are all tied up in free speech. So, what’s at
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman isn’t holding back anything regarding his feelings about Elizabeth Warren‘s presidential platform. Like many of her fellow Democrats vying for the party’s nomination, the Massachusetts senator has railed against the uber-rich like
Tiffany Advent Calendar Source: Tiffany&Co. Have a holly, jolly six-figure Christmas. As the countdown to the holiday season begins, Tiffany & Co. is offering branded advent calendars — with a steep price tag. Each Tiffany-blue, 24-day calendar will set you back $112,000. The luxury jewelry retailer released four exclusive “Ultimate Advent Calendars” that will include
Actress Lori Loughlin and her husband Mossimo Giannulli, wearing green tie at left, leave the John Joseph Moakley United States Courthouse in Boston on April 3, 2019. Pat Greenhouse | Boston Globe | Getty Images Massachusetts prosecutors announced Tuesday that they are levying new charges against 11 of the 15 parents implicated in the “Varsity
Tech just can’t get away from politics. Sen. Elizabeth Warren, D-Mass., has a bone to pick with Facebook, mainly its standards for political ads. After Facebook refused to take down a Trump campaign ad that accused him of wrongdoing connected to his son Hunter’s work in Ukraine, Warren fired back. She posted her own Facebook
Getty Images The number of millionaires in the world grew to nearly 47 million over the past year, and they now own close to half of the world’s wealth, according to a new study. Despite the trade wars, slowing global growth and the volatile stock markets, the total number of millionaires in the world increased
Former Treasury Secretary Larry Summers, one of the economic pillars of the Democratic establishment, lashed out at the idea of a wealth tax, saying it was bad economics, bad policy and built on bad data. Speaking at a Peterson Institute panel on inequality in Washington on Thursday, Summers said that the type of wealth tax
Kzenon | Getty Images If Amazon CEO Jeff Bezos were to unexpectedly die today, Washington state could expect an estate tax windfall of nearly $12 billion, raising its total annual revenue by more than 50% for a single year. That’s according to a new study on the costs and benefits of an estate tax to
Jose Luis Pelaez Inc | DigitalVision | Getty Images We are tasked today with making many financial decisions, from managing our student loans to contributing to retirement accounts. Plus there’s paying credit card debt on time and keeping our credit score as high as possible. All of these are important, because our financial future is
Barry Sternlicht, co-founder of the privately held Starwood Capital global investment firm, believes a wealth tax, as envisioned by Democratic presidential candidates Elizabeth Warren and Bernie Sanders, would not be feasible. “I think it’s a crazy idea,” Sternlicht said on CNBC’s “Squawk Box” on Friday. The wealth tax from Sanders, a Vermont democratic socialist, would
Billionaire investor Leon Cooperman slammed Democratic presidential candidates Elizabeth Warren and Bernie Sanders on their proposals to put an additional tax on the richest Americans. “Stop portraying billionaires as criminals,” Cooperman said on CNBC on Wednesday, the morning after Warren and Sanders in the latest Democratic debate cast themselves as the hardliners on tacking wealth
Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow. Millennials are expected to be five times wealthier in the next decade than they are
Sen. Elizabeth Warren (D-MA) speaks during the Democratic Presidential Debate at Otterbein University on October 15, 2019 in Westerville, Ohio. A record 12 presidential hopefuls are participating in the debate hosted by CNN and The New York Times. Win McNamee | Getty Images Sen. Elizabeth Warren may have a new slogan: “Where’s the beef?” During
The ideal tax rate for the richest 1% of Americans is about 75% — more than twice the current rates, according to the economist advising Sen. Elizabeth Warren on her tax plans. Gabriel Zucman, the University of California at Berkeley economist who is advising Warren and Sen. Bernie Sanders on their wealth tax proposals, told