Wealth

David Koch, the billionaire, industrialist, philanthropist, political activist and onetime vice presidential candidate for the Libertarian Party, died Friday. He was 79. “It is with a heavy heart that I announce the passing of my brother David,” Charles Koch announced in a statement. “Anyone who worked with David surely experienced his giant personality and passion
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Google had its IPO 15 years ago, and it was a big deal for a couple of reasons. First of all, Google’s IPO was a glimmer of hope after the dotcom bust. And Google was trying to reinvent the IPO by making it more transparent, using a process called a Dutch Auction. Today, the IPO
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Attendees and judges gather around a 1966 Ferrari 330 P4 Drogo Spyder motor vehicle during the 2016 Pebble Beach Concours d’Elegance in Pebble Beach, California, U.S., on Sunday, Aug. 21, 2016. David Paul Morris | Bloomberg | Getty Images Routinely described as the world’s most popular, elegant and exclusive classic car show, the annual Pebble
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WeWork’s parent company just filed for an IPO this week, and it could go public as early as Septmeber. The company joined the flurry of tech IPOs in 2019, but also revealed a massive $900 million loss in the first half of 2019, causing investors to worry about the downside risks. What if the economy
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Bugatti’s La Voiture Noire Source: Bugatti 2019. The world’s most expensive new car makes its North American debut this week at the world’s premier luxury auto show, the Pebble Beach Concours D’Elegance, which kicks off Tuesday in Monterey, California. Bugatti debuted its one-of-a-kind $18.68 million La Voiture Noire, which translates to The Black Car, at
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Apple, the tech giant best known for the iPhone, launched a credit card this week. It’s called the Apple Card, and it’s linked to your iPhone’s Wallet app and Apple Pay. Apple’s pitch with the card? It starts with cash and goes deep with security and design. This week, Jon Fortt takes a closer look
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Borut Trdina | Getty Images Wealthy investors are trimming their stock positions, amid anxiety around a trade war and instability in Washington. Members of TIGER 21, an investment club for high-net-worth individuals, reduced their stock allocation to 21% from 22% during the second quarter, according to the group’s quarterly report. TIGER 21, a group of
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Teen YouTuber Annie LeBlanc Jessica Spohr Annie LeBlanc got her first job at 6 years old. For eight years, she’s posted YouTube videos featuring gymnastics, original songs and various tutorials, amassing subscribers and building a loyal following of almost 3.7 million fans, LeBlanc told CNBC. She’s part of a generation of kids who want to
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Former Special Counsel Robert Mueller exits during a break in testimony during a House Intelligence Committee hearing on the Office of Special Counsel’s investigation into Russian Interference in the 2016 Presidential Election on Capitol Hill in Washington, July 24, 2019. Jonathan Ernst | Reuters The nearly two-year special counsel investigation of Russian election interference led
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Western Canada Steve Smith | Tetra images | Getty Images Looking for some peace and quiet in retirement and willing to pay for the privilege? Try looking outside U.S. borders. We took the top 10 countries in this year’s Global Peace Index from the Sydney, Australia-based Institute for Economics and Peace and reordered them from
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Leon Cooperman Scott Mlyn | CNBC During Tuesday night’s Democratic presidential debate, many of the Democratic candidates called for ending a favorite tax break of the rich. And now they have some unlikely allies: billionaire, conservative hedge-fund managers. In Wednesday’s Financial Times, hedge-fund manager and longtime Republican supporter Leon Cooperman said that while he opposed
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Five billion dollars. That’s how much Facebook will have to fork over to the government under a settlement with the Federal Trade Commission. It’s the biggest fine for violating user privacy by a wide margin – 200 times bigger than the previous record, according to the FTC chair. But some are already saying the settlement
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