Jeff Bezos, Warren Buffett and Jamie Dimon. CNBC Haven, the joint venture formed by three of America’s most powerful companies to lower costs and improve outcomes in health care, is disbanding after three years, CNBC has learned exclusively. The company began informing employees Monday that it will shut down by the end of next month,
Without a doubt, Bill Gates is a genius. The Microsoft co-founder dropped out of college at age 19 because he believed a computer should be on every desk and in every home. You only put a lot of money and time into something when when you have relentless confidence in your abilities. But there was
Billionaire investor Carl Icahn warned of the possibility of a significant decline for stocks at some point, telling CNBC’s Scott Wapner that “wild rallies” in the market always meet a dramatic end. Wapner reported Icahn’s warning on “Halftime Report” during a turbulent day for the stock market. “In my day I’ve seen a lot of
Brian van der Brug | Los Angeles Times | Getty Images A handful of states have begun issuing a $300 weekly boost to unemployment benefits or signaled workers will get the payments starting this week. Others expect the aid to kick in later this month. Workers in Arizona, California, New York and Rhode Island will
By Richard Eisenberg, Next Avenue Editor getty You might not think there’d be much difference between the way members of Generation X (who are 40 to 55) and boomers (56 to 74) feel about money, since they’re age-adjacent. But truth is, survey after survey is showing that Gen Xers are far more financially fragile and
Markets are roiling thanks to Covid-19, with no sign of the turbulence halting in 2021. If you own an office building, coworking space or hotel chain—well, best of luck. But if you’re trying to sell your home, now may be the best of times. To take stock of these messy times, Forbes spoke with Eric
UK Prime Minister Boris Johnson poses for a photograph with a vial of the AstraZeneca/Oxford University Covid-19 candidate vaccine. WPA Pool | Getty Images News | Getty Images LONDON — The U.K. is due to start rolling out the coronavirus vaccine developed by AstraZeneca and the University of Oxford, marking another step in its battle
A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s homegrown Tesla rivals are racking up sales in the world’s largest auto market. Electric car start-ups Nio, Li Auto and Xpeng
A member of the New York Army National Guard hands out health forms to travelers at LaGuardia Airport (LGA) in New York, U.S., on Thursday, Dec. 24, 2020. Angus Mordant | Bloomberg | Getty Images U.S. air travel hit its highest level on Saturday since mid-March, raising fears that the spike in holiday travel will
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures opened along the flatline on Sunday night ahead of the first session of 2021 following a volatile year of trading. Dow Jones Industrial Average futures were down just 37 points, or 0.1%. S&P 500 and Nasdaq 100 futures dipped marginally.
For fans of the popular television series “Outlander,” train travel is one of the easiest ways to soak up the sites of the Scottish Highlands. Since the show’s debut in 2014, the number of visitors to the mostly rural northern part of Scotland has increased so much that the rise in tourism is called the
A photo illustration of pirated music being illegally downloaded with the legal music service iTunes in the background on in London, England. Matthew Lloyd | Getty Images 2021 will be a very different year for the movie theater business. Studios, hoping to find ways of turning a profit on big budget blockbusters, have turned to
John Mackey started Whole Foods in Austin, Texas in 1978 with $45,000. In 2017, Amazon bought the grocer for $13.7 billion. After nearly four decades of being the big boss, Mackey, still CEO of Whole Foods, said he is often asked what’s it’s like to now work for someone — namely Jeff Bezos. “People had
Hill Street Studios | DigitalVision | Getty Images Estate planning isn’t only for the wealthy — yet the majority of Americans don’t have a plan in place. Plans may include a will, powers of attorney and a living will — also known as an advance directive. Less than one-third of Americans have one or more
Economic Security Planning, Inc. Today’s column addresses questions about widow’s benefits when a spouse dies before full retirement age, whether continuing income will increase benefits, having worked in the US and a foreign country and the possibility of taking spousal benefits before retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and
A man receives a nasal swab COVID-19 test at Tom Bradley International Terminal at Los Angeles International Airport (LAX) amid a coronavirus surge in Southern California on December 22, 2020 in Los Angeles, California. Mario Tama | Getty Images Three states across the U.S. have now identified cases of the new coronavirus strain in people
Mary Alexander Source: Mary Alexander Mary Alexander doesn’t make New Year’s resolutions. Instead, the 40-year-old looks back at the past year to help guide her forward. “I hope to have revelations about what’s happened in the year,” said Alexander, who is mom to three kids ages 7 to 17 and lives in Red Hook, New
Just some of the trends we will see this year. Elizabeth Shrier/Society Social X Ariel Okin 2020 was an important year for design because we all spent so much time at home due to the pandemic. The importance of our living spaces increased exponentially as our homes became our offices, classrooms, and gyms. The result
A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images A lot has changed in the entertainment industry in 2020. With the surge in coronavirus cases has come an increased uneasiness from audiences, truncated theatrical windows and a
mphillips007 | iStock Unreleased | Getty Images The Mega Millions jackpot has surged higher. After no ticket matched all six numbers drawn on Friday, the top prize is now $432 million for the next drawing on Tuesday night. Powerball’s jackpot is at $384 million for Saturday night’s drawing. While the chance of a single ticket