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The world moves to a more and more cashless state every single day, and for many reasons, that is more secure. However, there are a few things that can be more difficult when we are operating without any cash. How do you pay someone back when they spot you for lunch because your wallet was […]
Up until now, cryptocurrency such as Bitcoin and Ethereum have been a toy for tech geeks, futurists and libertarian idealists. While cryptocurrency has gained value over the last few years, many have wondered whether it would forever remain a cult echo chamber or if it had the chance to actually break out into the mainstream. […]
We live in the golden age of starting your own company and growing it into a multi-billion dollar juggernaut. Forty years ago the resources, money and talent to start a new company was greatly lacking which grew the barrier to entry for any young entrepreneur to start one. Of course, we saw a handful of […]
The majority of billionaires give at least some of their money to charity, but some of them are planning on giving away the majority of their fortunes to worthwhile causes. Berkshire Hathaway CEO Warren Buffett and Bill and Melinda Gates partnered together to create the Giving Pledge. This pledge invites the world’s wealthiest people to […]
Large US corporations are using tax loopholes and offshore practices to pay 0% tax rates. One-fifth (20%) of large US companies that reported a profit on their financial statements in 2012 paid nothing in taxes. Senator Bernie Sanders recently asked the Government Accountability Office to conduct the survey in order to find companies that are […]
Tesla has made a bid worth about $3 billion to buy SolarCity. Tesla chief Elon Musk told reporters that he envisions a Tesla store where customers could take care of all of their sustainable energy needs in a matter of minutes. “Five minutes, you’re done,” said Musk, who owns 22% of SolarCity and is its […]
Billionaire Li Ka-Shing believes his country’s economic outlook is bright. Ka-Shing is the richest man in Hong Kong and he is going long-term on the country even as it grows at the slowest pace in 25 years. In an interview with Bloomberg Television’s Angie Lau, he said the services industry is generating incoming and foreign investments […]
Dell is selling its software business for more than $2 billion. The software division is being acquired by Francisco Partners and the private equity arm of activist hedge fund Elliott Management. All parties have confirmed the sale but have not revealed any further details. Dell has been working hard to refocus its tech portfolio while bolstering […]
Donald Trump’s net worth has been a major point of debate throughout the US Presidential race. While Trump claims his net worth is somewhere in the $10 billion range, most publications believe he is worth closer to $3 billion to $4.5 billion. Because Trump has failed to release all of his business and personal finance […]
Smith & Wesson is breaking records as Americans continue to buy an increasing number of guns. The company on Thursday reported a 22.4% annual increase in firearm sales. Smith & Wesson executives also projected robust sales growth for the next 10 months. Shares of Smith & Wesson jumped by about 7% in after-hours trading after […]
When Shazam cofounder Dhiraj Mukherjee started his music discovering service in the early days he gave it a 4% chance of working. Speaking at the Startup Grind Europe conference in London, Mukherjee said he calculated the figure in the company’s early days when he realizes Shazam’s complex technology had just a 25% chance of actually working. […]
Americans donated an incredible $373 billion to charities in 2015. That money was collected from individuals, estates, foundations, and companies, according to the annual report Giving USA. A new record of $359 billion was set in 2014. Individual donors were far and away the biggest supporters of various charities. They donated $264.6 billion for a 4% […]
