Buck Bully
[Bloomberg] The Tesla CEO has seen his wealth tumble in recent weeks after shares of the electric car maker tumbled. Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has […]
[CNN Travel, Bloomberg, Getty Images] Relief is still a few days away for passengers booked with Southwest Airlines this week, as the beleaguered airline continues to grapple with what US Transportation Secretary Pete Buttigieg has referred to as a complete meltdown of the system. Out of the 2,770 cancellations already […]
[CNBC, Reuters] KEY POINTS The International Monetary Fund now projects that global GDP growth will slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023. Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Lacalle said the potential for a full reopening of the Chinese economy was “the […]
[CNBC, Getty Images] KEY POINTS Crypto exchange Kraken said Wednesday that it will stop operations in Japan next month, blaming a “weak crypto market globally.” The company will deregister from Japan’s Financial Services Agency on Jan. 31, 2023. Kraken has been in cost-cutting mode lately. On Nov. 30, the firm […]
[New York Post, AP] Long Island Rep.-elect George Santos came clean to The Post on Monday, admitting that he lied on the campaign trail about his education and work experience — but insisting that the controversy won’t deter him from serving out his two-year term in Congress. “I am not a criminal,” Santos said […]
[CNBC, Getty Images] KEY POINTS Retirement reforms contained in a $1.7 trillion omnibus federal spending bill would tweak rules related to emergency expenses. The “Secure 2.0” rules would waive a 10% early-withdrawal tax penalty for savers who pull up to $1,000 from a 401(k) or individual retirement account for a […]
[Bloomberg] This was the year crypto started to look like just another financial instrument. But first… Finance3 At the beginning of the year, there were two dominant narratives about the transformative potential of cryptocurrencies. The first was that crypto was a radical new financial system and that you could use it […]
[CNBC Make It] In the early ’70s, Bruce Campbell paid $25,800 for 10 acres of land in Hillsboro, a suburb of Portland, Oregon. The electrical engineer, who’s now 73, tells CNBC Make It the dream began when he saw an airplane boneyard on TV when he was 15 years old. He decided […]
[CNN] The FBI says America has a “pig butchering” problem. And it’s costing victims millions of dollars. “We’re not talking about what’s going on at farms,” said Frank Fisher, public affairs specialist at the bureau’s Albuquerque division. “We’re talking about a cryptocurrency investment scam that is sweeping the country.” The term pig […]
[MoneyWise] Dropping your kid off at college has long been a milestone for parents just as much as their teens. But is getting a degree going the way of bell bottoms, cable television and calling someone on the phone? With a strong economy and an excess of jobs with few […]