Finance

There are 1,440 minutes in each day. That is the one common denominator we all share. With respect to time, we are all on equal footing. And most people, rich or poor, use about 1,200 of those minutes for the following activities: work, commuting, family-related, sleeping, eating, bathing, bathroom, grooming and dressing. That leaves about …

Author who studies millionaires: 240 minutes a day separates the rich from everyone else Read More »

More and more wealthy Chinese are worried about keeping their money on the mainland and some see Singapore as a safe haven. Since protests disrupted Hong Kong’s economy in 2019, affluent Chinese have looked for alternative places to store their wealth. Singapore proved attractive because of its large Mandarin Chinese-speaking community and, unlike many countries, …

China’s rich are moving their money to Singapore. Beijing’s crackdown is one of the reasons Read More »

BEIJING — American investors’ shock at an ongoing regulatory crackdown in China points to a fundamental difference between the two countries that many didn’t seem to grasp: When it comes to making the rules, corporations don’t have as much influence in China as they do in America. U.S. investors in Chinese companies have been caught …

Hard lesson for U.S. investors: Chinese companies don’t make the rules in China Read More »

Apeel, a California-based company tackling global food waste, said Wednesday it raised $250 million in a Series E funding round that values the company at more than $2 billion. That’s nearly double its last reported valuation of $1.1 billion from April 2020, according to PitchBook data. The company is known for its edible substance that, …

Apeel doubles valuation, adds Wojcicki sisters and Michael Ovitz as investors Read More »

If you want to be as rich as Warren Buffett, don’t wait to get started. That’s the advice that the investing titan shared in 1999 at Berkshire Hathaway’s annual shareholders meeting when asked how to make $30 billion, which was roughly his net worth at the time. The then-68-year-old Buffett — whose fortune has since …

In 1999, Warren Buffett was asked what you should do to get as rich as him—his advice still applies today Read More »

Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy. During an interview at the Daily Journal’s annual shareholder’s meeting, Munger was asked whether he thought it was crazier for bitcoin to hit $50,000 or for Tesla to …

Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000 Read More »

China’s push to internationalize the yuan will be driven by two things — funds flowing into the country and a relaxation of rules that restrict the Chinese currency from moving abroad, said the chief executive of BNP Paribas China. The yuan is unlike other major currencies such as the U.S. dollar or the Japanese yen, …

BNP Paribas says 2 things must happen for the yuan to go global Read More »