Freestyle has been looking for deals elsewhere in part because of how expensive San Francisco has become from an investing perspective. Felser said he’s finding “pockets of technological dominance” around the world, whether it’s Finland for mobile gaming or Estonia for cryptocurrencies. “Valuations are as high as they ever have been,” he said. “That is

“In the AMI letters I’m making public, you will see the precise details of their extortionate proposal: They will publish the personal photos unless Gavin de Becker and I make the specific false public statement to the press that we ‘have no knowledge or basis for suggesting that AMI’s coverage was politically motivated or influenced

The massive gains on Thursday came after SoftBank Group announced what one investor called an “enormous” stock buyback on Wednesday. SoftBank Group said it would repurchase 112 million shares worth 600 billion yen (approx $5.46 billion) in the next 11 months, or about 10.3 percent of its total outstanding shares, excluding treasury stock. That came

The Alexander Team | Douglas Elliman Mansion on Indian Creek Island, Miami. The ultra-modern home stretches over 20,000 square feet on 2 acres overlooking Biscayne Bay. It has 10 bedrooms, 14 bathrooms, a 3,000-square-foot master suite, rooftop lawn, chromotherapy spa, a 3D movie theater and two kitchens. It also has a 100-foot swimming pool. The

The streaming wars continue to revolutionize how consumers are able to get their content, making it easier than ever for people to enjoy movies. Platforms like Netflix, Hulu and YouTube are putting the pressure on theaters to find a way to keep customers to enjoy the movie going experience. One solution: Bring the subscription model

The Lamborghini SUV might seem like the ultimate four-wheeled oxymoron. Like low-fat ice cream or soft rock, Lambos and SUVs just didn’t belong together. But so far, the experiment is paying off in the Lamborghini Urus. Lambo’s total global sales jumped 51 percent in 2018, with the company delivering 5,750 cars. Much of that gain

Apple pulled a Facebook app from the App Store. It’s called Facebook Research, and its purpose was to let Facebook watch everything that its users did on the phone. Apple says the snooping app is too invasive, even if users consented to letting Facebook watch their every move. That raises some questions. How much social

Turkish Airlines passengers with layovers of between six and 24 hours in Istanbul can show their boarding passes at the Hotel Desk and join a free highlight tour of the city. Separately, Korean Air’s Excellent Boarding Pass program offers a full week of perks in Korea to passengers who hold onto their international boarding pass

Economist Larry Summers has advised Democratic presidents, but he’s not ready to jump behind Democratic Sen. Elizabeth Warren’s proposed wealth tax. Warren, of Massachusetts, is a prominent voice in the party’s liberal wing and is exploring a run for president. Her proposal, which she is calling an ultra-millionaire tax, would apply to Americans with more

The strategic push comes amidst a broad shake-up in the private jet market. New apps have made it easier to book flights on-demand, while a glut of planes and competitors are all vying for a dominant share. VistaJet last year acquired XOJET, the on-demand charter company, while Directional Aviation bought U.K.-based PrivateFly, a digital booking

“I’m not sure it will work but it is a very worrisome strain in American politics,” Hensarling said. Polling generally supports higher taxes on the wealthy, an issue that is becoming one of the most crucial of the nascent 2020 election campaign. A recent Hill-HarrisX survey of 1,001 registered voters found that 59 percent supported

A collection of skateboard decks sold at Sotheby’s Friday to a Vancouver collector for $800,000. Sotheby’s announced Friday morning that a young Vancouver collector, named Carson Guo, bought the set of 248 skate decks made by Supreme. The collection included all of the decks produced by Supreme between 1998 and 2018. It is the highest

The game has changed. Not so long ago, a movie was valuable if it had a big showing at the box office, though there was the occasional film that did big rental business but didn’t do much in theaters. (For more on that, see the entire careers of Mary Kate and Ashley Olsen after Full

You don’t have to drive luxury cars or vacation on a remote island to know your net worth. In fact, it’s a simple equation that says a lot about your financial standing — whatever that may be. “It’s the first snapshot into an overall look at your finances,” said Michael LaRiviere, a certified financial planner

The wealth tax is projected to apply to less than 0.1 percent of U.S. households, and would raise $2.75 trillion over 10 years, Saez said. Warren’s idea comes alongside other Democratic lawmakers’ plans to raise taxes on the wealthiest Americans to pay for ambitious policy goals, such as a “green new deal” that aims to

Gary Hershorn | Corbis News | Getty Images Residential buildings Central Park Tower and 220 Central Park South (left) rise above Columbus Circle on December 26, 2018 in New York City. Hedge fund billionaire Ken Griffin closed a deal to buy the most expensive home ever sold in the U.S., paying around $238 million for

“This reduces the likelihood that you’ll be tempted to move money, even just a little bit, to your checking account for today’s wants,” she said. Plus, it typically takes a few days for money to move between banks, and so you won’t be able to use the funds for an impulsive purchase. Consider putting your

Investing in global health organizations aimed at increasing access to vaccines created a 20-to-1 return in economic benefit, billionaire Microsoft co-founder and philanthropist Bill Gates told CNBC on Wednesday. Over the past two decades, the Bill and Melinda Gates Foundation has donated “a bit more than $10 billion” into mainly three groups: the Global Alliance

Things don’t look great for the journalism business. Tech has changed the news business as many wonder what lies ahead for the industry. The internet upended the old advertising and distribution models. Meanwhile, the whole idea of a strong press as a check on the powerful? That’s up in the air, too. Pulitzer Prize winning

In Davos, Stephen Schwarzman, the billionaire CEO of private equity giant Blackstone and Republican megadonor, said sarcastically that he is “wildly enthusiastic” about the lawmaker’s proposed tax hike. He added that “the U.S. is the second most progressive tax regime in the world,” meaning that tax rates climb along with higher incomes. The remarks at

Winnie Byanyima, executive director of Oxfam International, said those in authority needed to reevaluate their systems in order to address poverty and tackle inequality. “Governments must now deliver real change by ensuring corporations and wealthy individuals pay their fair share of tax and investing this money in free healthcare and education that meets the needs

The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that

In the wake of Nike’s 30th anniversary of the “Just Do It” campaign, the company just did it. The major retailer featured former NFL quarterback Colin Kaepernick in its ad campaign with the message: “Believe in something. Even if it means sacrificing everything.” Has the Kaepernick gamble paid off? Plus, Facebook’s Sheryl Sandberg and Twitter’s

Gianluca Colla | Bloomberg | Getty Images Visitors pass a giant model of a luxury A. Lange & Soehne wristwatch, manufactured by Lange Uhren GmbH, a watchmaking unit of Cie. Financiere Richemont SA. Spending on watches, jewelry, boats and other luxury goods could tumble because of the recent stock market jitters, according an analysis from

The Consumer Electronics Show — CES — is how tech starts the year. It’s a massive event in Las Vegas with halls full of booths, wall-to-wall people and companies competing to convince the world that they own the future. Jon Fortt and Julia Boorstin were there for CNBC, interviewing executives, taking in the news and

Chinese foreign direct investment into the U.S. plummeted for a second year in a row, according to new data. In 2018, Chinese FDI in the United States fell to just $4.8 billion — a massive decline from $29 billion in 2017 and $46 billion in 2016, according to independent researcher the Rhodium Group. The 2018

The ultra-wealthy don’t get caught up in the latest fads, pouncing on the next “new” thing. Take bitcoin, for example. The cryptocurrency took off in 2017, making instant millionaires out of some early investors. That spurred a lot of people to jump in and try their hand at making a fortune. That could be fine

Many people who apply for college financial aid are forced to go through an audit-like process in which they must prove that the information they provided is accurate. Each year, nearly a third of students who fill out the Free Application for Federal Student Aid, or FAFSA, are selected for so-called verification, according to the

The economy’s supposed to be really good, if you look at the official numbers. According to the U.S. Labor Department, the unemployment rate was under 4 percent in July, which is a level that is often used to describe “full employment.” Everybody who wants a job has one. Except … not really. The system isn’t

Free speech is getting exhausting. It’s a game of online publishing whack-a-mole. Alex Jones of Infowars fame finally got suspended from Twitter, only to direct his audience to Tumblr. How should those of us who still love America feel about the amount of crazy that’s going on in the media game these days? MoviePass is