Microsoft founder Bill Gates takes an aggressive approach to investing, with 60% of his assets invested in equities.
Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg.
After Jeff Bezos, Gates is the world’s richest person, with total wealth of $106 billion.
The average rate on the 30-year fixed is now 20 basis points higher than it was on Monday and 36 basis points higher than its last low on Sept. 4, according to Mortgage News Daily. That is the biggest short-term jump since the week following the election of President Donald Trump.
When rates dipped to their recent low, the number of borrowers with good credit scores and at least 20% equity in their homes who could save on a refinance surged to the largest on record, 11.7 million, according to Black Knight. That has now dropped by about 2 million.
“The big risk here is that the overall rate rally — the one that began in November 2018 -- has run its course,” said Matthew Graham, chief operating officer at Mortgage News Daily.
U.K. Prime Minister Boris Johnson’s office has confirmed the British Parliament will be suspended for the next five weeks starting Monday, after Johnson visited his counterpart in Dublin to discuss solutions to a problem that bedevilled his predecessor Theresa May: how to reconcile an open border between Ireland and the UK, while allowing Britain to strike independent trade deals in the future.
Read MoreTotal potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions against reading too much into the level.
AB Bernstein came up with the calculation — 1,832%, to be exact — by including not only traditional levels of public debt like bonds but also financial debt and all its complexities as well as future obligations for so-called entitlement programs like Social Security, Medicare and public pensions.
Read MoreIndonesia will build a new capital city on the island of Borneo, home to some of the world’s biggest coal reserves and orangutan habitats, as President Joko Widodo seeks to ease pressure on congested and sinking Jakarta.
The new administrative headquarters will be located between North Penajam Paser and Kutai Kartanegara in East Kalimantan, Jokowi, as the president is commonly known, told reporters in Jakarta on Monday. The relocation of the capital, some 1,400 kilometers away from Jakarta, will help spread economic activity outside the nation’s most-populous island of Java, the president said.
Read MoreTrade war? Yes. Global slowdown? Yes. Volatile market? Yes. But does that mean investors should cash out and run? Not this top-performing fund manager. She’s staying put.
Joanna Kwok, who co-manages the JPMorgan Asia Growth Fund, says volatility will linger in Asia markets due to trade war uncertainty and corporate earnings concerns. Even with the unpredictability of U.S. President Donald Trump and other political risks, investors should hang on as valuations suggest “decent” returns in the next 12 months, she said.
Read More* Money spent in venture capital and other alternative investments is surging as investors look for riskier, but higher-yielding investments.
* The trend coincides with relatively low returns from more conventional Wall Street investments such as stocks and bonds, and a drop in the number of publicly traded companies.
* “In a world where big institutional investors find themselves starved for returns, it’s not surprising that they have steadily increased allocations to private markets and you’ve seen capital continuing to flow into the asset class,” says McKinsey Partner Bryce Klempner.
Read MoreBoston-based online security start-up Cybereason said Tuesday it raised $200 million in fresh funds from Japan’s SoftBank Group Corp and its affiliates.
That brings the total amount of funds the start-up has raised to $400 million since it was founded in 2012.
The new funds will be used to “grow our global expansion with our partner community,” Lior Div, CEO and co-founder of Cybereason, told CNBC.
Even if you don’t fly in first class or summer in the Hamptons, this simple equation is an important tool that says a lot about your financial health. Still, most people don’t bother to calculate it. That’s a mistake.
“It’s the first snapshot into an overall look at your finances,” said Michael LaRiviere, a certified financial planner at Essex Financial in Connecticut.
Subtract what you owe from what you own to determine your net worth.
That will give you a good picture of your financial health.
If your net worth is in the red, don’t panic.
Read MoreThe 310-megawatt facility was opened by President Uhuru Kenyatta of Kenya on Friday.
The project consists of 365 turbines, and full commercial operations began in March 2019.
Liberty's lawyers say that "bulk" data gathered by the security services and other agencies, under warrants granted by a judge or the home secretary, can include:
intimate data including an individual's internet browsing history
which apps they have downloaded to their phone
their usernames and passwords
and even cell site data that can pin-point a person's location at a given time
Investors betting on Saudi Arabian shares are showing a clear preference for funds listed in Europe over the U.S. The contrasting picture may come down to which market offers lower fees and more attractive treatment on taxes and dividends.
An exchange-traded fund focused on Saudi equities offered by BlackRock Inc. in New York since 2015, the year when the oil-rich kingdom started opening up to foreigners, drew net inflows of about $626 million this year, quadrupling in size from the end of 2018.
Read MoreGold prices are set to “reach $2,000 by the end of the year,” predicts David Roche, president and global strategist at London-based Independent Strategy.
Roche recommends investors hold gold in their portfolios, alongside some European fixed income and U.S. Treasurys.
Apartment demand in the second quarter of this year spiked 11% from a year ago.
That pushed rents up an average 3% nationally to $1,390 per month, according to RealPage, a real estate software and analytics company.
Despite the increase, a record 82% of renters say renting is more affordable than owning, according to a new survey from Freddie Mac, up from 67% just a year ago.
Cyberattacks in the Middle East are on the rise, and many of them are targeting the oil and gas sector, according to a new report from cybersecurity firm DarkMatter.
Earlier this year, DarkMatter was hit by allegations that it was linked to a surveillance and hacking operation carried out for the UAE government.
RIO DE JANEIRO, BRAZIL – Negotiation of agricultural land for foreign investors has returned to the Brasília agenda. Senator Irajá Abreu (PSD-TO) filed last week a new bill on the topic, more flexible to the sale or leasing of rural properties, provided that these groups form a company in Brazil.
Read Morelong-term bet on growth.
Tom Crowder spent much of his two-year career in the NFL running away from men who weighed upwards of 300 pounds. These days? He worries about bears and snakes. As a senior vice president at Bank of America Corp., Crowder spends most days in the woods, from the evergreen forests of New England to the wetlands of the Carolinas, scouting U.S. timberland assets for people with a net worth of at least $100 million and a minimum of $10 million to invest.
Read MoreA former hacker from China’s People’s Liberation Army was inspired by Russians to steal business plans and selling them, according to Kate Fazzini’s new book, “Kingdom of Lies.”
Bo Chou got a job at a hotel in Shanghai and was tricked guests into picking up “Free USB Storage” devices.
Once the simple malware loaded onto the USB drives is installed onto their computers, Bo had access to business spreadsheets and proprietary client lists.
Brexit has gripped British society for more than three years, splintering both the ruling Conservative Party and the opposition Labour party into warring factions since the country’s EU referendum in June 2016.
The U.K. participated in European Parliamentary elections on Thursday after failing to leave the EU at the end of March. The exit polls are not necessarily an accurate indication of the result. A BBC projection shortly after 10 p.m. local time put the Brexit Party ahead.
Read MoreYoung people in the U.K. are four times more likely to downsize their homes this year than those aged over 55, a new study found.
The research, published Saturday by investment manager Hargreaves Lansdown, also showed that Brits aged between 18 and 34 were more likely to downsize than move up the property ladder in 2019. It examined the plans of both renters and homeowners.
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