Wealth

TOPLINE President Donald Trump told reporters on Friday that he isn’t even considering a phase two trade deal with China, saying that the relationship between the two countries has been “severely damaged” by the coronavirus pandemic.  The coronavirus pandemic has derailed a phase two agreement, Trump said. Win McNamee/Getty Images KEY FACTS With Sino-American relations
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TOPLINE The stock market moved higher on Friday, reversing early losses, after positive coronavirus vaccine news helped offset growing investor concerns about a record number of new U.S. cases. Stocks ticked higher after Gilead’s coronavirus treatment showed positive data. Marcel Kusch/dpa/picture alliance via Getty Images KEY FACTS The Dow Jones Industrial Average was up 1.4%,
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Twitter and Square CEO Jack Dorsey, who is worth more than $7 billion, is pledging $3 million to support experiments in free cash payments to Americans, he announced Thursday. Dorsey is giving the money to Mayors for a Guaranteed Income, a coalition of mayors who advocate for universal basic income, as well as invest in pilot programs around
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Both as president and in business, Donald Trump is often accused of being overconfident and self-serving. And according to his niece Mary Trump’s upcoming book, “Too Much and Never Enough,” Donald learned that from his dad Fred’s obsession with famous 1950s self help author, Norman Vincent Peale. Peale, a minister who “preached self-confidence as a life
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The world’s uber wealthy are increasingly putting their money towards socially, ethically and environmentally conscious businesses, which could spur the growth of sustainable investments. In Capgemini’s World Wealth Report 2020, more than a quarter (27%) of high net worth individuals (HNWIs) — those with investible assets of $1 million or more — said they were
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The Premier League Trophy Getty Images An English Premier League football club has become embroiled in a criminal complaint brought against self-proclaimed ‘Billionaire Gucci Master’ Ramon Abbas, a Nigerian influencer with over 2.5 million followers on Instagram. (Forbes does not currently include Abbas on our list of the World’s Billionaires.) Abbas, also known as hushpuppi,
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“Constraints breed resourcefulness, self-sufficiency, and invention,” reads one of Amazon’s famous core leadership principles delineated on its website. This, one of the major tenants upon which Jeff Bezos built Amazon, is something he learned as a kid spending more than a dozen summers on working on his grandfather’s ranch in Texas. “I learned so much from my
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TOPLINE After announcing on Monday its plan to buy Postmates for $2.65 billion, Uber says it’s confident that the acquisition will help it become profitable by 2021, even as its ride-sharing business continues to struggle amid low demand during the coronavirus pandemic. Uber’s CEO says the deal can help the ridesharing giant finally achieve profitability.
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Yesterday’s privatization offer for big China online media Sina from a company controlled by its chairman was made in the wake of Congressional threats to delist U.S.-listed businesses from the country that don’t meet American accounting standards. It also came amid the worst period in overall Sino-U.S. relations in decades. Serious problems, for sure. Yet
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The Swiss capital Bern has leapfrogged Hong Kong into the top five most expensive cities in the … [+] world. Getty Images As regular as the movement in one of the country’s famous luxury watches, Switzerland is again home to the world’s most expensive cities. The Alpine nation took four of the top five slots
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