Wealth

Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy. Members of the Koss family, who own about 75% of the Milwaukee-based maker of headphones, sold $31 million of stock, according to filings with the

Although Jeff Bezos announced on Tuesday that he will step down as Amazon CEO and transition to executive chair of the company’s board, he has no plans of retiring. “Being the CEO of Amazon is a deep responsibility, and it’s consuming,” Bezos wrote in a letter to employees announcing his role change. “When you have

Khailee Ng has a keen nose for spotting promising start-ups. As a managing partner for venture capital firm 500 Startups, he is tasked with identifying and helping cultivate some of the businesses of the future. And he has advice for would-be founders hoping to build the next big thing: Look beyond the top segment of

Jeff Bezos announced on Tuesday that he will step down as Amazon CEO later this year and transition to executive chair of the company’s board – his successor will be Andy Jassy, who has built Amazon Web Services, or AWS, into a multibillion-dollar business. Although he has not had the spotlight like Bezos, Jassy has

The chefs of Melbourne are a proud bunch — and they create dishes that travelers won’t find anywhere else in the world. They understand food, make the most of the seasonal produce and like to create an experience as much as fine flavors. From breakfast through closing time, here are five dishes that define the

Rachmat Kaimuddin was not even 100 days into his new role as CEO of Indonesian e-commerce marketplace Bukalapak when the pandemic hit. It marked a crossroad for one of the country’s leading start-ups, which had to act fast to support millions of family-owned street stalls for whom it provides digital services. But it was a

Going green is increasingly becoming a way to make bank.  Elon Musk, the CEO of Tesla, is the richest of the billionaires who owe their fortune to technologies that reduce carbon emissions in the atmosphere, according to an analysis by Bloomberg Green that was published Tuesday. A full $180.7 billion of Musk’s $199.2 billion net

Long before Mark Cuban became a self-made billionaire, he was a kid growing up in Pittsburgh selling baseball cards and stamps, trying to make an extra buck. Now, remembering those days helps him understand the next generation and its interest in digital goods and digital assets like bitcoin, he said in a blog post published

Indonesia is renowned for its millions of traditional family-owned street stalls, or “warungs.” But behind the scenes of many of them is a multibillion-dollar business. And as it helps small businesses modernize, retail start-up Bukalapak is hoping to revive an iconic segment of the country’s economy.  “Every maybe 50 or 100 houses, there will be one of

Private jet company Wheels Up is merging with a special purpose acquisition company to go public at a valuation of more than $2 billion — more than twice its 2019 value. The deal, expected to close in the second quarter, will make Wheels Up the first publicly traded standalone private jet company and vaults the

Daymond John, entrepreneur and investor on ABC’s “Shark Tank,” says the key to owning any room is being confident.  That might seem easier said than done for many, but John says even he lacked confidence when first starting out, and he overcame it. “I realized one thing: Every single thing around me that I’ve seen

If you’re the type of eager beaver who likes to get your taxes done early every year, you’ll have to wait a bit longer than usual to file your 2020 return — until well after Groundhog Day, in fact. The IRS recently announced that it won’t begin accepting returns until February 12, which is 16

As department stores like Saks Fifth Avenue try to get shoppers back into stores after the Covid-19 pandemic shutdowns, the shift to online sales may continue to accelerate thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images Personal shopping services once reserved for the wealthiest consumers are becoming increasingly popular amid the

Recognize the photograph above? It adorns walls, computer screens and websites for psychiatrists and financial planners. It’s also on shower curtains, tote bags, maxi dresses, neck gaiters and ruffled bathing suits. Though seemingly too beautiful to be real, the scene depicts an actual place. It’s Arashiyama Bamboo Grove, one of the most famous sites in

New York Gov. Andrew Cuomo Lev Radin/Pacific Press/LightRocket via Getty Images “Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for

To defy Wall Street hedge funds and the stocks they bet against, a group of retail investors on Reddit forum r/WallStreetBets rallied together to help drive the stock price of GameStop, AMC Entertainmentand BlackBerry, to name a few. Many traditional investors are concerned by the speculative trading, but billionaire Mark Cuban is not one of

Call them the Reddit Rich. GameStop’s parabolic stock surge over the past two weeks, driven partly by the Reddit Wallstreetbets crowd, has created more than $2 billion in personal wealth for the company’s three biggest individual shareholders. While it may not last long, the massive shareholder gains created in such a short time gives new

An ultra-rare portrait by the famed Italian painter Sandro Botticelli could fetch $80 million or more when it comes up for sale at Sotheby’s on Thursday. The auction marks the first big test of the art market this year, as well as the willingness of global collectors to pay eight or nine figures for trophy

Bill Gates was “very surprised” when he and Dr. Anthony Fauci became the targets of “crazy” and “evil” conspiracy theories related to the ongoing coronavirus pandemic, Gates told Reuters on Wednesday. The billionaire Microsoft co-founder and White House advisor Fauci, the nation’s top infectious diseases expert, have been frequent targets for baseless coronavirus conspiracy theories,

Any successful CEO will tell you that the people you hire can make or break your company. So what are the top traits hiring managers need to look for, and how do they spot them in a candidate? According to Elon Musk, it’s not about what school you went to or your level of education.