Hindustan Times via Getty Images Physical place is often a powerful influence on entrepreneurs. One thinks of Steve Jobs growing up in the suburbs south of San Francisco. The unique mashup of cultural rebels and computer geeks inspired Jobs to locate Apple at the intersection of science and art. Itâs still the Apple address. The… More
Airbnb cofounders: Chief product officer Joe Gebbia (left), chief strategy officer Nathan … [+] Blecharczyk (center) and CEO Brian Chesky (right). Charley Gallay/Getty Images for Airbnb Airbnbâs much-anticipated initial public offering was well worth the wait for the companyâs three billionaire cofounders. Shares soared on their first day of trading Thursday, more than doubling the… More
The U.S. Senate passed the Stop Student Debt Relief Scams Act on December 1, 2020 by unanimous consent. The legislation now proceeds to the U.S. House of Representatives for consideration. The Stop Student Debt Relief Scams Act bans fraudulent access to U.S. Department of Education … [+] computer systems using a borrower’s FSA ID. getty… More
President-Elect Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images Your student loans may look a lot different under President Joe Biden. Hereâs what you need to know. Student Loans President-elect Biden has a clear plan for your student loans. As he articulated during his presidential campaign, Biden would make several changes to student loan… More
What will your state’s tax hike pay for? Education, bridges, public transportation? getty Arizona has likely flipped from a red state to a blue state, and along with that momentous change, its voters on election day have approved a massive state income tax hike on high earners. Put one way, itâs a 3.5% state income… More
As Zoom Video Communicationsâ stock has skyrocketed, so too has the fortune of its billionaire … [+] founder. Victor J. Blue/Bloomberg High-flying video conferencing service Zoom, which has seen skyrocketing demand during the coronavirus pandemic, is now worth more than ExxonMobil, one of the worldâs largest oil and gas companies. As of 2:30 p.m. ET,… More
Intelâs stock tumbled nearly 11% on Friday, lowering Mooreâs net worth to under $10 billion. Justin Sullivan/Getty Images Gordon Moore, the worldâs 48th-richest person, shed $1 billion from his fortune on Friday as Intel INTC stock plummeted on the back of disappointing third-quarter earnings. Shares of Intel, which Moore cofounded in 1968, fell nearly 11%… More
Under Sheth’s watch, Vista Equity Partners has conducted more software acquisitions than any other … [+] company or investor in recent years. Patrick T. Fallon/Bloomberg Following billionaire Robert Smithâs admission to tax fraud last week, one of his private equity firmâs top dealmakersâcofounder and president Brian Shethâlooks set to depart. While Shethâwho launched Vista Equity… More
Itâs nice to read a feel-good story like the one about an Arkansas man who found a massive 9-carat diamond in a public state park in Arkansas. Thirty-three year old Kevin Kinard found the 9.07 carat whopper in the Crater of Diamonds State Park on Labor Day. It is the second-largest ever found at the park,… More
getty The Department of Labor (âDOLâ) recently proposed an update to its proxy voting rule for retirement plan fiduciaries. On the face of it, itâs not too different than the existing rules. It emphasizes that fiduciaries must always (and only) do whatâs in the best interest of plan participants. There is one part of the… More
Figuring out income and outgo. getty After Labor Day is a good time to assess how you are spending. For too many, it can get out of control. The best system to budget your household expenses Iâve ever seen comes from Stephen Nelson, a wealth manager at Aldrich Wealth in Carlsbad, Calif. His thoughts: Larry… More
Saving for retirement is hard enough without having to manage multiple investment accounts. With the proliferation of tax-advantaged accounts, however, many individuals juggle several if not more than a dozen retirement accounts. An investment tracking tool can help manage all of these accounts in one place, and below are the three best investment tracking apps… More
getty Does the recent fall in the market worry you? Depending on your age, it shouldnât. If youâre a millennial, thereâs something else that should worry you more. The good news, though, is that itâs something you have total control over. If youâre like most investors, you read the results of the market every day.… More
While Airbnb quickly became the travel rental leader for the modern sharing economy, itâs certainly not the only option. Airbnb is great for easily hunting down accommodations virtually anywhere on Earth. However, with its massive growth over the past several years it can be a little difficult to sift through the overwhelming list of propertiesâespecially… More
Offshore oil rig, Pacific. Photographer: Tim Rue/Bloomberg BLOOMBERG NEWS Who on earth would want to invest in an oil company? Amid a recession-reduced need for their products and the lingering effect of a supply glut, their stocks are down this year by a third to a half. Crude oil, while recovering from its April lows… More
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