Elon Musk apologizes to laid-off Twitter employee who was Iceland’s person of the year in 2022

“‘I would like to apologize to Halli for my misunderstanding of his situation. It was based on things I was told that were untrue or, in some cases, true, but not meaningful. He is considering remaini...

These 8 billionaires have more combined wealth than half of Silicon Valley

Eight billionaires hold more wealth than 50% of households in Silicon Valley, nearly half a million people, according to a new report. While the wealth gap narrowed by about 3% nationwide in 2021, it ...

George Soros loads up on Tesla and these other beaten-down stocks

Even as shares of Tesla Inc. sank last year, billionaire investor George Soros appeared to find something to like in the electric-vehicle maker — and some other beaten-down names — as the year came to...

No more ‘special awards’ for JPMorgan CEO Jamie Dimon, board decides

JPMorgan Chase & Co.’s board heeded an outcry from shareholders about Chairman and Chief Executive Jamie Dimon’s compensation, which in the past has included more than $50 million in “special awar...

Alibaba a Target of GameStop’s Ryan Cohen. Why the Stock Market Shrugged.

Investor Ryan Cohen, who has found fame with activist campaigns at meme stocks such as GameStop and Bed Bath & Beyond is now targeting Chinese e-commerce giant Alibaba   The billionaire co-founder...

Elon Musk says he can’t get fair trial in California in Tesla shareholder suit, wants Texas

WASHINGTON — Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him. I...

Opinion: Opinion: Trump’s low tax payments are what happens with a too-complex tax code

People tend to have one of two reactions to the revelation that former President Donald Trump paid little to no taxes in recent years: He’s either an amoral tax cheat or he’s smart. To me, it reveals ...

Warren Buffett jumps into local politics to fight Omaha streetcar project

OMAHA, Neb. — Billionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it’s t...

Billionaire David Tepper Is Betting Against the Stock Market Because of the Fed

Text size David Tepper, co-founder of the hedge fund Appaloosa Management. Andrew Harrer/Bloomberg Appaloosa Management’s David Tepper says he is worried further tightening of monetary policies from g...

Where to Invest Over the Next 5 Years? Billionaires Weigh In.

The world’s billionaires see the energy sector and the Asia-Pacific region, excluding China, as top investment and business opportunities over the next five years, according to a new UBS report. Forty...

Can you still retire on $1 million? That’s what today’s millionaires want to know.

OK, so a million dollars isn’t what it used to be. That’s the worry among a surprising number of America’s millionaires. So, at least, reports money-management giant Natixis, which owns bond shop Loom...

GameStop’s Ryan Cohen Wants to Be More Than a Meme-Stock King

Ryan Cohen is the face of an investing revolution that captivated amateur traders, punished Wall Street and favored memes over fundamentals. Many of his other bets belong to a more conservative playbo...

Black Friday surprise: Jeff Bezos tells people not to buy cars, refrigerators and other big-ticket items. Critics call him out.

Billionaire Jeff Bezos, who founded the e-tail behemoth Amazon, has some spending tips as Americans gear up for the holiday shopping season — amid four-decade-high inflation and recession worries. Her...

FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban

Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking ...

‘Voters are looking for help’: With control of Congress too early to call, here are 3 burning tax questions

A day after midterm elections, it remains uncertain whether either party will end up with Congressional control or whether it will be a divided Congress — and that has consequences for these tax quest...

Bill Ackman’s Pershing Square Holdings Looks Invitingly Cheap

Billionaire investor Bill Ackman has a flair for the dramatic and often makes bold moves. This year has been no exception. Ackman made about $1.7 billion from a bet on higher interest rates and incurr...

This simple chart reveals how much you need to save at 35 to become a millionaire by 65

What it takes to become a millionaire Getty Images/iStockphoto If you’re in your 30s and already dreaming of retirement, you may be wondering: Just how much do I need to start socking away to retire? ...

Here’s how you’ll know stock-market lows are here, says investor who called crash in ’87

“If you think about where we are right now, the Federal Reserve Board is fighting something that it hasn’t seen really in almost four decades, which is inflation. Inflation is a bit like toothpaste: o...

Roth IRA and Roth 401(k): the world would be a better place without them

One can make a strong case for getting rid of the Roth version of both 401(k)s and IRAs. While having two forms of retirement saving is lovely for young professionals who know their tax rates will be ...

Global economy will ‘crumble’ if Fed doesn’t stop hiking interest rates, billionaire investor Sternlicht says

““They are going to cause unbelievable calamities if they keep up their action, and not just here, all over the globe,” ” — Barry Sternlicht, CEO, Starwood Capital Group  Billionaire Barry Sternlicht,...

Chinese Tech Billionaire Richard Liu Settles Sexual-Assault Case in Minnesota

MINNEAPOLIS—A legal battle that Chinese feminists had seen as pivotal for the country’s embattled #MeToo movement ended abruptly just before a jury was set to hear the case in a Minnesota courtroom. R...

‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023

Billionaire investor Stanley Druckenmiller sees a “hard landing” for the U.S. economy by the end of 2023 as the Federal Reserve’s aggressive monetary tightening will result in a recession.  “I will be...

Billionaire Berkshire Board Member David Gottesman Dies at 96

Text size David Sanford “Sandy” Gottesman arrives for a Berkshire Hathaway shareholders meeting in Omaha, Neb. Daniel Acker/Bloomberg David “Sandy” Gottesman, a Berkshire Hathaway board me...

This Billionaire Is Now Even Richer Than Jeff Bezos

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She’s one of the youngest billionaires in the world, but still practices this thrifty savings habit ‘all the time’ — and so should you

Particularly as concerns of a recession loom, experts say that saving is essential — even if you don’t have millions. Getty Images At 26 years old, Norwegian heiress Alexandra Andresen is worth an est...

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is fielding a fresh batch of data on Thursday, with the headline retail sales number coming in stronger than expected. And a disastrous rail strik...

Opinion: Billionaires typically own concentrated stock positions — this investor posted a 30-fold gain over 10 years on one little-known company

True or false: To build big wealth in the stock market, it pays to be widely diversified. If you guessed “true,” you might want to reconsider. Successful investors from Warren Buffett to Ron Baron tea...

Opinion: Americans are feeling poorer for good reason: Household wealth was shredded by inflation and Fed tightening

U.S. households’ real wealth plunged at a record 20.9% annual rate to $143 trillion in the second quarter of the year, with modest gains in home values offset by high inflation and a big selloff in th...

MicroStrategy’s Michael Saylor Sued for Alleged Tax Fraud in Washington, D.C.

By Vicky Ge Huang and Richard Rubin Aug. 31, 2022 6:17 pm ET Listen to article (2 minutes) The District of Columbia attorney general sued Michael Saylor, the founder and chairman of software intellige...