Fidelity Investments manages over $5 trillion in investment accounts. According to their most recent analysis of Individual Retirement Accounts (IRA) and 401k accounts here’s what they found: The average IRA account balance for the 3rd quarter in 2016 was $94,100, up from $88,000 in 2015. The average 401k balance for the 3rd quarter in 2016 was $90,600, […]
First a wave of jobs were lost to globalization and now the experts are saying automation is the next big wave… The robots are taking over! That just means we have to adapt and develop new skills to remain relevant. It’s no biggie. Panasonic recently announced they’re delivery robot, HOSPI has reported for work helping guests at the Crown […]
Canada Is Kind Of Like America, Ehh? American Apparel is that cool clothing company with the edgy, sexy ads, founded by the controversial Dov Charney. The company built its brand on the fact that their clothes were manufactured in the United States, far away from repressive overseas sweatshops. Gildan Activewear, a Canadian clothing wholesaler recently won American Apparel in a bankruptcy auction for $88m. So […]
John Paul Dejoria is an entrepreneur best known for co-founding Paul Mitchell Systems, a haircare company and Patron Spirits, a world renown tequila brand (I’m sure we all had a few shots). Forbes Magazine estimates his net worth to be approximately $2.9 billion. I think it’s safe to say he’s had some success in business. Paul recently dropped a few gems […]
No not Google silly, Yahoo is changing its name. As Verizon nears the completion of it’s purchase of Yahoo’s main internet properties, they’re making some major adjustments. One of those adjustments is changing the name from Yahoo to Altaba. The new name appears to be a derivative of Yahoo’s most successful asset Alibaba. Yahoo invested in the company early on. This investment […]
Russia has demanded that Apple and Google remove LinkedIn from their app stores in Russia. This comes after Russia blocked the LinkedIn website because the network does not “store data on Russian citizens within the nation’s borders,” according to a recent New York Times article. Apparently Russia wants to keep tabs on those using the service and presumably […]
GM has created a new service called Book for it’s luxury Cadillac brand. It allows members to swap out their cars anytime for a flat rate of $1,500 per month. Subscribers use an app to select the vehicle they desire then wait for the vehicle to arrive at a location of their choice. Customers are allowed up to 18 swaps […]
5. WeWork Valuation: $16.9 billion Coworking startup WeWork cofounders Miguel McKelvey and Adam Neumann 4. Snap Valuation: $18.19 billion* Formerly Snapchat, is a social media/camera company CEO Evan Spiegel 3. Palantir Valuation: $20.53 billion Data-mining startup CEO Alex Karp 2. Airbnb Valuation: $30 billion Home-rental startup Product chief Joe Gebbia, CTO Nathan Blecharczyk, CEO Brian […]
Venerable actor Robert De Niro who’s starred in such classics as The Godfather Part II, Taxi Driver, Goodfellas, Casino, just to name a few, is also a pretty good business man as well. Sushi Anyone? He’s co-founder of the popular chain of sushi restaurants called Nobu, which can be found in over 30 locations in major cities across the […]
Record Debt Outstanding Over the past couple of months the big banks (Wells Fargo & Co., Goldman Sachs Group Inc. and J.P. Morgan Chase & Co.) have begun offering credit lines to lenders that specialize in house flipping (investor buys a property, makes updates then quickly resells it). The amount of loans outstanding for house […]
1. Pick The Right Profession – You can become a millionaire on a small salary with proper saving and spending habits but it will be a lot more challenging. Look to boost your income either by improving your skillsets through education or supplementing your income via a side hustle/second gig. Check out this list of best and […]
The second richest man in the world, Warren Buffett added a cool $12 billion to his stacks in 2016, bringing his net worth to $74 billion. That’s a 20% increase over last year. Bill Gates still owns the title of richest man in the universe with a net worth of $84 billion, but the “Oracle of Omaha” is […]
Ice Cube has announced he will be launching a traveling basketball league for retired NBA players, called the Big 3 league. It’s set to launch this summer after the NBA playoffs. Former Heat player and deputy director of the National Basketball Players Association, Roger Mason Jr. will be joining Cube and his business partner Jeff Kwatinetz to help run the league. […]
Interesting “Did You Know” According to the World Economic Forum, solar and wind energy are now the same price as fossil fuel energy. 10 years ago the average cost for generating a megawatt hour of solar energy was $600. Today the cost is down to $100 per megawatt, the same average price of coal energy. In […]
Mark Cuban is a billionaire who knows a thing or two about the mogul grind. He owns the Dallas Mavericks and is a star on the hit entrepreneur reality TV show “Shark Tank.” In an interview on the podcast “How I Built This” he talks about what he would do if he had to build an empire from […]