Wealth

Over more than a decade on ABC’s “Shark Tank,” billionaire Mark Cuban has seen his share of good investments — and bad ones. Last week, Cuban told the “Full Send” podcast that after investing nearly $20 million in 85 startups on “Shark Tank,” he’s taken a net loss across all of those deals combined. “I’ve
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Financial experts typically recommend being careful how you allocate your money, lest you run out of it. But for billionaire Bill Gates, running out of money is the goal. The Microsoft co-founder announced this week that he’s donating $20 billion to the Bill & Melinda Gates Foundation, while reiterating his pledge to give away “virtually
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Getty Images As the cost of living soars, one federal lawmaker wants to remove any barriers to buying Series I bonds, an inflation-protected and nearly risk-free asset that currently pays 9.62% annual interest through October. Rep. Abigail Spanberger, D-Va., on Thursday sent a letter to Treasury Secretary Janet Yellen, voicing concerns about the difficulties of buying
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About 70% of Americans consider themselves middle class, according to a 2017 study by Northwestern Mutual. But according to most economists’ definitions, that’s not possible. One of the ways the Brookings Institution defines “middle class” is those in the 20th to 80th percentiles of household income. This would make 60% of American households middle class. The
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When he’s not pontificating about missions to Mars, self-driving cars and freedom of speech on Twitter, Elon Musk has some surprisingly practical career advice for young people. On a December 2021 episode of the “Lex Fridman Podcast,” hosted by MIT computer scientist Lex Fridman, the Tesla and SpaceX CEO recommended that young people should never
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SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California and
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