Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods.US Marketsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
Ideas include a rotation of Federal Reserve governors that would make it easier to curb Powell's power, according to the Washington Post.US Economyread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny.Technologyread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Andrew McCabe filed a lawsuit alleging that his removal was part of a scheme by President Donald Trump to remove government employees "because they were not politically loyal...Politicsread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
Moulton was one of the few candidates not to make the debate stages in June and July.2020 Electionsread more
The Fed's James Bullard says the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market.Investingread more
There is no shortage of hypesters and hucksters offering the "secret" to getting rich. The reality is that all kinds of people get rich in all kinds of ways, most of them involving being the right person in the right place at the right time.
Sure, working hard, being smart, overcoming failure and breaking convention can all play a role. But lots of people do those things and never get rich.
Yet billionaires often share common attributes. And one of those traits is eloquently explained by Justine Musk, the ex-wife of billionaire inventor Elon Musk.
In a piece in Quora, Justine Musk said that "extreme success results from an extreme personality," and that billionaires like Elon Musk or Bill Gates "tend to be freaks and misfits" who developed extreme strategies for survival as kids and later applied those strategies to business.
Read MoreMeet technology's richest women
But their chief characteristic can be summed up in two words: "Be obsessed."
"If you're not obsessed, then stop what you're doing and find whatever does obsess you," she said. "It helps to have an ego, but you must be in service to something bigger if you are to inspire the people you need to help you (and make no mistake, you will need them)."
She said that people who are obsessed with a problem or issue can work through all the distractions and barriers that life puts in their way. And that obsession needs to be your own, to the point where it borders on insanity.
"Extreme success is not like other kinds of success; what has worked for someone else, probably won't work for you," she wrote.
Musk, of course, witnessed extreme success first-hand. And her comments are echoed by other billionaires. In an interview last year, billionaire investor Carl Icahn said the key to being super successful was to be "obsessive."
"I've always gotten into things and don't give up on them," he said. "Maybe too obsessed. What I've seen is a common denominator for successful people. The common denominator is an obsession."