Economist Thomas Picketty calls it "inheritance for all."
Billionaire investor Carl Icahn is moving his office, more than half of his staff and himself to Florida early next year, people familiar with the plan.
BOSTON, Sept 12- Billionaire investor Carl Icahn, a born New Yorker who has run his business from the city for decades, is moving his office, more than half of his staff and himself to Florida early next year, people familiar with the plan said on Thursday. The 83- year-old investor, known for picking winners and facing off with captains of industry, has grown weary of...
Together, 79 billionaires could pay to build an electric system in the U.S. that uses zero fossil fuels, a Michigan Tech professor estimates.
From facial recognition security to unmanned vehicles, Alibaba's corporate campus is more than just an office, it's an incubator for all things tech. CNBC's gets a rare look inside the company's headquarters in Hangzhou, China.
There are several things you can do to encourage your child become an entrepreneur — and help them get smart about money along the way.
SHANGHAI, Aug 21- Chinese electric car maker BYD Co Ltd posted a 203.6% rise in first-half profit on Wednesday, as China's new energy vehicle market continues to surge. The Shenzhen- based company, which is backed by U.S. investor Warren Buffett and whose products include battery electric and plug-in hybrid vehicles, posted net profit of 1.45 billion yuan, up from...
BOSTON, Aug 14- Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett's Berkshire Hathaway Inc, according to a regulatory filing made on Wednesday. This marks the first time that Ackman's $8 billion fund has announced a new position since late last year when it bought a stake in Starbucks Corp..
Warren Buffett's Berkshire Hathaway revealed an increased Amazon stake in a government filing Wednesday.
BOSTON, Aug 14- Billionaire investor William Ackman's hedge fund Pershing Square Capital Management made a new bet on Warren Buffett's Berkshire Hathaway Inc, according to a regulatory filing made on Wednesday. This marks the first time that Ackman's $8 billion fund has announced a new position since late last year when it bought a stake in Starbucks Corp..
Ray Dalio, the billionaire founder of Bridgewater Associates, the largest hedge fund in the world, shares his best advice for how to be a successful investor.
General Electric, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more money last year than Uber's $5.2 billion Q2 deficit.
"There's going to be continued risk of future impairments," Kraft Heinz CEO Miguel Patricio warned analysts Thursday.
Activist investor Carl Icahn takes aim at Occidental CEO Vicki Hollub for a 41% decline in the company's value.
In results delayed by an internal investigation into procurement practices, the Chicago- based company also said net income halved in the first six months of the year. This marks Kraft Heinz's second major writedown since Feb. 21, when the company knocked $15.4 billion off the value of its Kraft and Oscar Mayer brands, posted a surprise quarterly loss, and...
Kraft Heinz new CEO Miguel Patricio says "the level of decline we experienced in the first half of this year is nothing we should find acceptable."
BOSTON, Aug 7- Investor Jeffrey Tarrant, whose firm Protege Partners backed billionaire managers including William Ackman and Marc Lasry early in their careers and made a bet with Warren Buffett that hedge funds would outperform a passive index fund, has died at age 63.. Over 17 years, Tarrant turned Protege Partners into a powerful backer of small hedge funds,...
There is a lot of advice out there on how to move up the ladder, but if you focus on these four things, you'll find success, says former Yum Brands CEO David Novak.
In the decade since the last recession, airlines, auto and other industries have enjoyed a near uninterrupted streak of profits.