Wealth

Before building Salesforce into the multibillion-dollar cloud computing behemoth it is today, founder and CEO Marc Benioff experienced his share of ups and downs. One of the most challenging among them came early on, when the company was just a couple of years old, he said during a recent interview for LinkedIn’s “Hello Monday” podcast.

After weeks of negotiating a stimulus package, Congress remains at an impasse. Although President Trump on Thursday said he would “go higher” than the $1.8 trillion he offered in his aid proposal, his administration has yet to reach an agreement with House Democrats, who recently passed a $2.2 trillion measure. Complicating matters, Senate Republicans have

Fitness membership? Check. Streaming account? Of course. Meal kit service? Sure. How about your hotel subscription? Whether for pleasure, work, or long-term lodging, hospitality operators are hoping on-demand stays could be your next must-have membership as the embattled travel industry tries to expand its reach. InterContinental Hotels Group, Marriott and Accor are among the major

Mansions seen along the coast of Palm Beach, Fla. Getty Images Home sales in Palm Beach, the exclusive island retreat of the president and countless billionaires, tripled in the third quarter as the wealthy fled the cities and higher-tax states of the Northeast, according to a new report. “It may be the hottest real estate

U.S. Democratic presidential candidate Joe Biden speaks during a campaign event in Toledo, Ohio, October 12, 2020. Rebecca Cook | Reuters Democratic presidential candidate Joe Biden’s tax plan would give an average tax cut of $620 to middle income earners, according to a new analysis, while top earners would face a steep increase. The analysis,

Wealthy families are racing to change their estate plans and pass hundreds of billions of dollars to their kids in the event of a Biden victory in November, according to attorneys and tax advisors to the wealthy. With the odds growing of a Biden win and possible blue wave, millionaire and billionaire families are speeding

Bill Gates is a billionaire and a tech icon, so it’s unlikely that the world’s second-wealthiest person will need to interview for a new job anytime soon.  However, thanks to two-time NBA MVP Stephen Curry, we now know how Gates would answer a few basic job interview questions, including asking Gates to describe his strengths

More than 22 million American jobs were lost in the past six months; stock markets have been up and down; and people are generally anxious about what’s in their bank accounts right now. If you’re lucky enough to have the funds you need despite all the recent economic turbulence, ask yourself one key question, says Bradley T.

Can preflight testing get people flying again? The International Air Transport Association (IATA) thinks so. Last month, the trade association, which represents some 290 airlines around the world, called for the “development and deployment of rapid, accurate, affordable, easy-to-operate, scalable and systematic” Covid-19 testing for all passengers as a way to restore passenger confidence, bypass

Billionaire tech icon and philanthropist Bill Gates says it is “inappropriate” to refer to the experimental coronavirus monoclonal-antibody treatment that President Donald Trump received earlier this month as a “cure.” “The word ‘cure’ is inappropriate, because it won’t work for everyone,” Gates said in an interview on NBC’s “Meet the Press” on Sunday. However, Gates

At 48, NBA Hall-of-Famer Shaquille O’Neal said he has voted for the first time in his life. “You know I always like being honest on my podcast. I’ve never voted before, America,” O’Neal said on his new podcast, “The Big Podcast with Shaq” on Wednesday. Though O’Neal did not specify whether he voted earlier this

Lucid Motors is a California-based electric vehicle start-up, and in September it revealed the Air, its vision for an electric, luxury sedan. The company promises some impressive specs, such as an estimated 517 miles of range. But starting up an electric vehicle company is notoriously difficult, and it faces steep competition from Tesla and other

If you’re looking to buy a new fridge you may be out of luck. Earlier in the pandemic, there was a run on toilet paper. Now it seems that customers looking to buy a refrigerator are facing long waiting times as models are back-ordered across the country. There are also shortages for other major appliances including

More than 26 million Americans are currently collecting unemployment benefits, according to the Labor Department. Of those, over 13 million are relying on pandemic-related programs for benefits, as they would not normally be eligible. But further stimulus package negotiations remain at a standstill, even as experts urge Congress to take action. More waiting could “lead to a weak recovery,

More than 637 million people traveled within China over the past week in celebration of the country’s annual “Golden Week,” the country’s government said on Friday. The government estimates domestic travelers generated around 466 billion yuan ($68.6 billion) in tourism revenue during the holiday period. Two holidays converged this year: National Day, which celebrates the founding

With Amazon’s massive success today, it’s hard to imagine that Jeff Bezos started it in 1994 as an online bookseller — in a small garage where employees’ desks were made out of doors from Home Depot. Now, there’s almost nothing you can’t buy on Amazon, which begs the question: How did it become “the everything store”?

An apartments for rent sign is displayed outside a residential building in Hells Kitchen as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 18, 2020 in New York City. Alexi Rosenfeld | Getty Images The number of apartments for rent in Manhattan tripled in September,

There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high.  As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the

Saul Loeb | AFP | Getty Images LONDON — Billionaire wealth jumped by more than a quarter during the height of the coronavirus crisis, according to new research, with a rally in stock markets helping the wealth of the world’s richest surpass the $10 trillion mark for the first time. The “Riding the storm” study,

A 67-million-year-old T. rex specimen, named Stan, will be auctioned off by Christie’s on Oct. 6 and will be on display in the windows of Christie’s Rockefeller Center starting Wednesday. Robert Frank | CNBC A fossilized Tyrannosaurus rex, nicknamed Stan, sold at auction for $31.85 million, becoming the most expensive dinosaur fossil ever sold. The