Bill Gates retains the most notable spot on The Forbes 400, this is the 21st straight list. After 12 months Gates income reached $81 billion, up $9 billion from 2013. Microsoft chairman’s stake inside the software company he cofounded is the reason he is on top of the list. He still owns just under 20% of Microsoft which boost his total net worthy of. Bill Gates has been leading this list for the longest time. It is also important to point out that Bill Gates already gave away vast amounts to the Bill and Melissa Gates Foundation and yet otherwise would be worth more than $100 Billion. The Bill and Melissa Gates Foundation has become more well know recently with its funding of the Common Core curriculum.
Warren Buffet (#2) is at $67 billion, up $8. 5 billion from not too long ago. Larry Ellison (#3), worthy of $50 billion, is up $9 billion from not too long ago. Steve Ballmer (#18), worthy of $22. 5 billion, climbed back to the top 20 after dropping out not too long ago. Ballmer was the long-time CEO of Microsoft until just recently. He also recently purchased the Los Angeles Clippers basketball team from Donald Sterling.
Grand Opening of Alibaba Group Taiwan Branch. (Photo credit: Wikipedia)
Alibaba's IPO on September 21 raised a record $25 billion. Of course, this was just another event in the bull market that's persisted for quite some time now. Unfortunately, the Dow Jones Industrial Average took a triple-digit loss the following Monday. Even the Nasdaq declined more than one percent. What if Alibaba's IPO signaled a top to the stock market for the foreseeable future?
Many advisers have pointed out that most market tops included a high-profile event, such as Alibaba's IPO. Of course, such events have prompted investors to overcome their own skepticism concerning market conditions. This IPO created hundreds of Chinese millionaires after all. In the past, many commentators have suggested the bull market was coming to a halt. It hasn't happened yet, but now's as good a time as ever.
English: CalPERS headquarters at Lincoln Plaza in Sacramento. (Photo credit: Wikipedia)
The California Public Employees' Retirement System will be selling off a whopping $4 billion from hedge funds, citing their tangled nature and high costs.
Ted Eliopoulos, Interim Chief Investment Officer for the retirement system, says officials are not dumping the hedge funds because of their results. Now, the board of Calpers will take at least 12 months to decide where the billions of dollars will go after the divestiture.
The Alibaba Holding Group Limited will be landing on the US stock market on September 19th. This corporate behemoth from China began its preparations for the Alibaba IPO yesterday and this is Alibaba IPO that could possible be a record breaker. The preparations included company execs joining forces with bankers to woo potential investors. It is anticipated that the Alibaba IPO will fall within the $60-$66 price range.
This means that the company has the potential to be valued up to $163 billion and would make the company the third largest global Internet firm in terms of market capitalization, behind Google and Facebook. Following this criteria, on September 19th, the Alibaba IPO will put the company in the top 5% of the S&P500.
English: View of Trump Taj Mahal and Chairman Tower from the Boardwalk. (Photo credit: Wikipedia)
Donald Trump Not to be Concerned About Casino Bankruptcies or Job Losses
Atlantic City's Showboat Hotel and Casino shuttered its doors on August 31st, and the Revel Hotel did the same a few days later. A total of 5,000 job losses resulted, including those of bartenders, waitresses, dealers, security guards and all other casino personnel. Atlantic City's Trump Plaza Hotel is also slated for closure later in September, bringing the total job loss to over 6,000 laid-off workers.
Donald Trump has a history with Atlantic City, including leaving his business dealings in the area before its economic collapse.
Tim Hortons Coffee & Bake Shop (Photo credit: Wikipedia)
Tim Horton's and Burger King have seen a drastic increase since the fast food giants have begun joining forces by means of a merger. Such a move could assist Tim Horton's in increasing its odds of successful future United States growth.
While the actual dollar value of such a deal is unknown, it is reported that both companies experienced a surge in stocks, showing the Burger King company and associated franchises up more than 16% to over $31 dollars on the NYSE shares. Tim Horton's took a noticeable leap up 19%, balancing out at more than $82 on the stock market in Toronto, Canada. This was an increase of $13.52.
The Snowball: Warren Buffett and the Business of Life (Photo credit: Wikipedia)
Warren Buffett is a rich investor, who is recognized world over for his sound and rewarding investments, as well as the biggest charity donation in the US. He was born of a stockbroker and U.S Congressman father and a homemaker mother in Omaha Nebraska, on 30th August, 1930. He was the second born in a family of three; two girls and a boy. Warren's family moved to Virginia (Fredricksburg) when he was only 12 years old, after his father got a U.S House of Representatives favorable election.
The Consumer Financial Protection Bureau has moved to warn consumers of the risks associated with Bitcoin and other digital currencies. The federal regulatory body has said that it will start tackling complaints from members of the public who use virtual currencies and the online exchanges that trade in them.
In a statement, agency director Richard Cordray described Bitcoin as "the Wild West." He acknowledged that online currencies can offer numerous advantages in the world of e-commerce, but emphasized that they present many potential downsides too, and that unlike conventional bank deposits, virtual currencies are not underwritten by the government.
Parkett-Boerse in Ffm (Photo credit: Wikipedia)
SureTrader Brokerage Firm Investing Benefits:
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Citigroup's Trading Revenue Earnings Better Than Expected is Good News For Bank Stocks
It seems a bit odd that good news from a big bank to the banking sector would come on the day it announced that it signed an agreement for $7 billion to settle an investigation of mortgage securities sales by the government, and that helped sustain the latest financial crisis. But the release of second quarter earnings from Citigroup C+3.13% is a good sign for big banks that have been embattled in recent months.
After adjusting for the high cost of Citigroup and the Federal Government's large-scale mortgage settlement, its earnings for the second quarter surpassed expectations. Although analysts expected earnings of $1.05 per share, Citigroup reported actual earnings of $1.24 a share, or $3.93 billion.