Billionaire investor Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, thinks bitcoin may have a similar fate as gold did in the U.S. during the 1930s. “[B]ack in the ’30s in the war years … because cash and bonds were such bad investments relative to other things, there was the movement to
Wealth
Norway is ahead of the game when it comes to things like work-life balance and raising children. You can add to that commerce: Norway is the world’s most cashless country, according to its central bank, with just 4% of their payments made with cash and the majority made with contactless cards or digital wallets. But
Fueled by Covid vaccines, flexible cancellation policies and people yearning to break free from home, the summer travel season is already booming for some parts of the travel industry. A survey from research company Toluna indicates Americans are gaining confidence to travel with each passing month, with 27% comfortable to travel in April and 42%
A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS. “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking
When the Lucid Air luxury sedan EV hits the market in 2022, it’s expected to break records. One of those records would be Lucid Air’s expected ability to drive up to 517 miles on a single charge, which would top any other electric production vehicle. Lucid has also promised that the Lucid Air will be
Major banks around the world are still financing fossil fuel companies to the tune of trillions of dollars. A new report, published Wednesday from a collection of climate organizations and titled Banking on Climate Chaos 2021, finds 60 of the world’s largest commercial and investment banks have collectively put $3.8 trillion into fossil fuels from
New York state Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City. Spencer Platt | Getty Images A group of 250 CEOs and business leaders sent a letter to New York’s governor and legislators expressing “alarm” at what they say could become the largest spending and tax increase
Bill Gates believes that future generations will need to be open-minded when it comes to accepting new technologies aimed at combating climate change. “We want to be open to ideas that seem wild,” Gates said on Friday in his most recent Ask Me Anything session on Reddit. The billionaire Microsoft co-founder’s ninth Reddit question-and-answer session
Billionaire Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, is impressed by one key skill: failing “well.” “The people I respect most are those who fail well,” Dalio tweeted on Friday. “I respect them even more than those who succeed.” By failing “well,” Dalio said, one learns from their mistake and changes
Jack Dorsey, CEO of Twitter and Square, sold his first tweet as an NFT, or nonfungible token, for over $2.9 million on Monday when bidding ended on the “Valuables” platform, which is run by Cent, a blockchain-powered social media network. The tweet, which says, “just setting up my twttr,” was first posted by Dorsey on March