Wealth

The details behind Elon Musk‘s $100 million prize for the best carbon capture technology are coming into focus. On Jan. 21 when the Tesla CEO tweeted he would be donating $100 million toward a prize for the best carbon capture technology, he piqued interest, but also left many questions unanswered. On Monday, the nonprofit organization

Travelers may have read that now is the “perfect time” to visit Tahiti, but they will be surprised to find it — and the rest of French Polynesia — is suddenly closed to them. As vaccinations are opening borders to some countries, Covid mutations are causing others to close. The volatile nature of the pandemic’s

A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Retailers including Nordstrom, Coach owner Tapestry and Michael Kors parent Capri Holdings are

Before he co-founded Twitter and became a billionaire, Jack Dorsey thought about quitting the tech industry altogether for an entirely different line of work: fashion designer. Today, 44-year-old Dorsey is the CEO of both Twitter and mobile payment company Square and has an estimated personal net worth of $12.9 billion, according to Forbes. But, before

Though billionaire investor Mark Cuban has warned people to be cautious with cryptocurrency, he recently said digital assets — from digital goods to cryptocurrencies like bitcoin — will be the future of business. And Cuban has invested in cryptocurrency himself, both in business and personally. In fact, Cuban has an extensive cryptocurrency wallet, which he shared on

A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom said Thursday it expects revenue to rise more than 25% in fiscal 2021 from the prior year, with roughly half of its sales coming

Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy. Members of the Koss family, who own about 75% of the Milwaukee-based maker of headphones, sold $31 million of stock, according to filings with the

When Mark Cuban first started trading stocks, he learned some “expensive lessons.” That’s why he says it’s important assess your personal financial situation before trading or investing in the market, he said. “If you are buying [a stock] because you need the price to go up and solve a financial hole you are in, that

Khailee Ng has a keen nose for spotting promising start-ups. As a managing partner for venture capital firm 500 Startups, he is tasked with identifying and helping cultivate some of the businesses of the future. And he has advice for would-be founders hoping to build the next big thing: Look beyond the top segment of

Although Jeff Bezos announced on Tuesday that he will step down as Amazon CEO and transition to executive chair of the company’s board, he has no plans of retiring. “Being the CEO of Amazon is a deep responsibility, and it’s consuming,” Bezos wrote in a letter to employees announcing his role change. “When you have

Jeff Bezos announced on Tuesday that he will step down as Amazon CEO later this year and transition to executive chair of the company’s board – his successor will be Andy Jassy, who has built Amazon Web Services, or AWS, into a multibillion-dollar business. Although he has not had the spotlight like Bezos, Jassy has

The chefs of Melbourne are a proud bunch — and they create dishes that travelers won’t find anywhere else in the world. They understand food, make the most of the seasonal produce and like to create an experience as much as fine flavors. From breakfast through closing time, here are five dishes that define the

Rachmat Kaimuddin was not even 100 days into his new role as CEO of Indonesian e-commerce marketplace Bukalapak when the pandemic hit. It marked a crossroad for one of the country’s leading start-ups, which had to act fast to support millions of family-owned street stalls for whom it provides digital services. But it was a

Miami Herald | Tribune News Service | Getty Images The next stimulus checks could be smaller than $1,400 and reach fewer people if a new plan put forward by some Republican senators is approved. The new proposal from a group of 10 GOP lawmakers calls for $1,000 checks per person, rather than the $1,400 sum

Indonesia is renowned for its millions of traditional family-owned street stalls, or “warungs.” But behind the scenes of many of them is a multibillion-dollar business. And as it helps small businesses modernize, retail start-up Bukalapak is hoping to revive an iconic segment of the country’s economy.  “Every maybe 50 or 100 houses, there will be one of

Private jet company Wheels Up is merging with a special purpose acquisition company to go public at a valuation of more than $2 billion — more than twice its 2019 value. The deal, expected to close in the second quarter, will make Wheels Up the first publicly traded standalone private jet company and vaults the

Long before Mark Cuban became a self-made billionaire, he was a kid growing up in Pittsburgh selling baseball cards and stamps, trying to make an extra buck. Now, remembering those days helps him understand the next generation and its interest in digital goods and digital assets like bitcoin, he said in a blog post published

As department stores like Saks Fifth Avenue try to get shoppers back into stores after the Covid-19 pandemic shutdowns, the shift to online sales may continue to accelerate thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images Personal shopping services once reserved for the wealthiest consumers are becoming increasingly popular amid the

If you’re the type of eager beaver who likes to get your taxes done early every year, you’ll have to wait a bit longer than usual to file your 2020 return — until well after Groundhog Day, in fact. The IRS recently announced that it won’t begin accepting returns until February 12, which is 16

Recognize the photograph above? It adorns walls, computer screens and websites for psychiatrists and financial planners. It’s also on shower curtains, tote bags, maxi dresses, neck gaiters and ruffled bathing suits. Though seemingly too beautiful to be real, the scene depicts an actual place. It’s Arashiyama Bamboo Grove, one of the most famous sites in