Self-made billionaire Mark Cuban says new innovations and companies will come out of the pandemic, creating an “America 2.0,” as he calls it. “At the beginning of the pandemic, as awful as it’s been, I talked about companies that we’re going to look back [on] in 10 or 15 years that were created” during this
Billionaire Elon Musk is the richest person in the world. As CEO of aerospace company SpaceX, electric car company Tesla and neurotechnology company Neuralink, as well as founder of The Boring Company, which constructs tunnels, Musk has a lot to manage each day. Don’t miss: The best credit cards for building credit “I work a
We’re sisters who grew up financially insecure. Today, each of us has a net worth of six figures and we teach others about how to build wealth through our financial education company Winenance. While we are now on the road to financial independence, this wasn’t always the case. Here’s how we got started and our top
Disney reported strong growth in paid streaming subscribers and its first quarterly profit since early last year in its earnings report for its fiscal first quarter of 2021 after the bell Thursday. The stock was up around 1.7% after hours. Here are the key numbers: Earnings per share: 32 cents adjusted vs. loss of 41 cents
An employee cleans the grounds behind the closed gates of Disneyland Park on the first day of the closure of Disneyland and Disney California Adventure theme parks, in Anaheim, California, on March 14, 2020. DAVID MCNEW | AFP | Getty Images Disney took another financial hit during its fiscal first-quarter, as restrictions on attendance at its
In 2003, I purchased a 1,000 square-foot, two-bedroom, two-bathroom house in San Francisco for $580,000, with a 30-year fixed-rate mortgage of 4.25%. At 26 years old, I had put almost all my savings into the 20% down payment. Over the next few years, I became obsessed with trying to pay off my mortgage early. In
Whitney Wolfe Herd, founder and CEO of Bumble, has built a business worth over $7 billion in seven years. In its initial public offering, Bumble raised $2.2 billion from investors. Bumble is also one of the three female-founded companies to go public in the past year and has made Wolfe Herd a billionaire at 31. So
Dr. Anthony Fauci and billionaire philanthropist Bill Gates talk regularly these days, and as you would imagine, they mostly talk about ending the pandemic. More specifically, right now, “we’re talking a lot about these variants and what that will do,” Gates, whose Bill and Melinda Gates Foundation has committed $1.75 billion to the fight against Covid-19, told
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported fourth-quarter earnings that topped estimates, fueled by pandemic snacking and higher sales of drinks like Gatorade Zero and Bubly sparkling water. On the heels of the strong quarter, the beverage and snacks maker
Whitney Wolfe Herd speaks onstage during the Fortune Most Powerful Women Next Gen conference at Monarch Beach Resort on November 13, 2017 in Dana Point, California. Joe Scarnici | Getty Images Entertainment When 31-year-old Bumble CEO Whitney Wolfe Herd takes her company public this week, she will be noted not only for her youth but
It’s often said that remote workers can work from any place that has an internet connection. But tell that to someone who wants to live and work in Bangkok or Bali right now. The coronavirus pandemic has pushed millions of workers from their offices into their homes — and many have decided they want to
Although investor Kevin O’Leary says bitcoin is a “giant nothing-burger” and has compared it to gambling, he owns some, along with a few other cryptocurrencies. “I have a crypto wallet,” says O’Leary, which he created on Coinbase in 2017. At the time, “I was lecturing at Harvard Business School, and the students challenged me to
Coca-Cola said Wednesday the coronavirus pandemic is still hurting its sales, but cost-cutting efforts helped it top analysts’ earnings estimates. The company also released its first forecast since the crisis hit its business. Analysts appear to be more optimistic than the soft-drink company about the speed of its recovery. Shares of the company rose 1%
Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour on Wednesday reported a surprise profit for the holiday quarter, with sales boosted by strong digital growth and expenses kept in check. The retailer has been one key beneficiary during the Covid pandemic, along
General Motors on Wednesday reported fourth-quarter earnings that easily beat Wall Street expectations, but the company warned that a global semiconductor chip shortage could cut its earnings by $2 billion this year. Automakers and parts suppliers began warning of the shortage late last year after demand for vehicles rebounded more strongly than expected following a
Instability in financial markets and personal finances over the course of 2020 may have significantly altered our relationship with money, according to new research, which suggests people have more faith in robots than humans to manage their cash. Over three-quarters (76%) of consumers in Asia-Pacific said they would now trust a robot more than a
Twitter and Square CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Twitter’s stock was up slightly in after-hours trading on Tuesday after the company reported its fourth-quarter earnings, as the company beat Wall Street’s earnings
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Ride-hailing company Lyft reported fourth-quarter earnings on Tuesday,
Chuck Robbins, chief executive officer of Cisco Technologies Inc., speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. World leaders, influential executives, bankers and policy makers attend the 47th annual meeting of the World Economic Forum in Davos from Jan. 17 – 20. Jason Alden
In October 2011, I moved to New York to pursue my dream of becoming a writer. I’d graduated from Boston University in 2008 with $85,000 in student loan debt. Although I’d made some payments, by the time I moved I was closer to $90,000 in the hole due to mounting interest. I juggled multiple jobs
Self-made billionaire Mark Cuban, investor on ABC’s “Shark Tank” and owner of the Dallas Mavericks, often attributes his success to his commitment to life-long learning. But “the most underrated thing” about Cuban is a skill he honed working at a bar in college, Cuban’s former statistics professor at Indiana University, Wayne Winston, reportedly told podcast
laflor | E+ | Getty Images After experiencing a year that I am sure we would all like to forget, there are definitely some financial lessons learned from 2020 that we should use in our day to day lives going forward. The most significant thing about experiencing events that are statistically very rare, such as
Jeff Bezos would owe about $2 billion a year in state income taxes under Washington’s proposed wealth tax, according to legislators. As part of an effort to reduce inequality and offset the state’s lack of an income tax, Washington state legislators are proposing a 1% levy on wealth over $1 billion. Lawmakers say the tax
Dogecoin, a cryptocurrency that originally started as a joke in 2013, is now surging as billionaires like Elon Musk and celebrities like Snoop Dogg tweet their interest. Among those billionaires is Mark Cuban. Don’t get him wrong, Cuban realizes dogecoin has no intrinsic value — but it sure is fun. “Dogecoin is less than a
sturti | E+ | Getty Images The tax competition between states to attract and keep businesses and residents has been ongoing for decades. The national migration pattern has generally trended from cold, high-tax northern states to warm, low-tax southern and south western states. Retirees, no longer tied to a workplace or raising children, have been
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
At some point during the first quarter of Sunday’s Super Bowl LV, billionaire entrepreneur Jared Isaacman is set to appear on around 100 million television screens in a 30-second spot he bought to tout “the world’s first all-civilian mission” to space — a SpaceX mission he is paying to command. The mission, dubbed Inspiration4, is
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