Feel like somebody’s watchin’ you? 👀 Your iPhone apps might be. Apple will now show users how often apps check their location. Since Apple released its new software update, iPhones have been sending notifications to users when an app uses their location. If you don’t see the pop-up on your phone, though, and want to check which apps are actively tracking you, visit the link in bio for instructions.
How much are 47 million millionaires worth? 💰 About half of the world’s wealth, according to a new study. The world’s millionaires own a combined $158.3 trillion, which equates to about 44% of the planet’s value. The U.S. still leads the world in the total number of millionaires, making the country’s wealthy the target for some politicians (we’re sure you’ve heard of Sens. Sanders and Warren’s wealth tax proposals). Even so, inequality may be on the decline across the globe. The top 1% controlled about 47% of global wealth in 2000 compared to its 44% in 2019. The reason? The wealth of the global middle class is rising. For more details, visit the link in bio.
Would you have a brain-reading device implanted in your head? 🧠 Mark Zuckerberg says Facebook’s “goal is to eventually make it so that you can think something and control something in virtual or augmented reality” – and that the company’s recent acquisition of CTRL-labs was a step in that direction. CTRL-labs is working on a wristband that will let people control devices using signals from their spinal cord. Zuckerberg says people could eventually use devices like the wristband to control things with their thoughts — but for some, it may require an implant. 😬 For more details on Facebook’s venture into mind-reading technology, visit the link in bio.
Bill Gates’ key to success is pretty simple. Surround yourself with quality people who will push you to be the best person you can be. Think he’s right? For more tips from the billionaire philanthropist, visit the link in bio. (With @CNBCMakeIt)
Managers, watch out. It seems a majority of employees wouldn’t mind if you were replaced by a robot. 🤖😬 64% of workers say they would trust a robot more than their manager, according to a new study, while half say they’ve already turned to a robot for advice over their manager. That should be a big red flag for bosses. If they want to survive the AI risk, they’re going to have to forge stronger relationships with their employees. But how? For expert tips on how to become a better boss, visit the link in bio. (With @CNBCMakeIt)
These two vintage Rolex watches would normally be worth around $20,000. ⏱️⠀ ⠀ But they’re more likely to command 10 to 100 times that value, according to experts. Why?⠀ ⠀ Because one was worn by Hollywood legend Marlon Brando (it’s even engraved with his name!) and the other by golf champion Jack Nicklaus (who wore the timepiece for half a century).⠀ ⠀ Experts tell CNBC the two watches could rake in millions of dollars each at auction because of their celeb-factor. Those funds will be put to good use, too: proceeds will be donated to charity to help children in need.⠀ ⠀ Want more details on these pricey watches? Visit the link in bio. (With @CNBCMakeIt)
Have you ever sat in on a silent meeting? 🤭 They’ve become pretty popular at companies like Twitter and Square — and according to Jeff Bezos, replacing PowerPoint presentations with silent meetings is “the smartest thing” Amazon has ever done. Instead of going over “obscure information” in PowerPoint slides, Bezos says each attendee spends the first 30 minutes of the meeting reading a six-page memo. Those participating are encouraged to take notes, and after the reading period is over, they open up conversation. For more details on why more and more companies are switching to silent meetings, visit the link in bio. (With @CNBCMakeIt)
How did Howard Schultz take Starbucks from a small coffee chain to a $100 billion company? By conquering his self-doubt. Before Starbucks launched Schultz’s net worth into the billions, he grew up poor and lived in public housing in New York. But that didn’t stop him from believing in his capabilities. Schultz says no one should ever doubt their “commitment and conviction to do” what they set out to do. “You’ve got to find your position in life. But if [entrepreneurship] is in your blood — and only you know if it is — then jump into the pool,” he said. More details on how Schultz lifted Starbucks to success, at the link in bio. (With @CNBCMakeIt)
Remember: You are the company you keep. 👯 There’s a handful of traits separating the super rich from everyone else. But the most important — and most overlooked — habit rich people have? Their ability to forge valuable friendships, says one money expert. Rich people tend to form “rich relationships” with individuals they aspire to be: positive, success-minded folks. But those friendships aren’t all about money. According to one study, rich relationships are defined by mindset, cutting off exposure to toxic people. To see why certain traits contribute the most to rich relationships, visit the link in bio. (With @CNBCMakeIt)
Sens. Elizabeth Warren and Bernie Sanders want to slap a wealth tax on the richest Americans. That’s not sitting too well with billionaire investor Leon Cooperman. “They make it sound like rich people don’t pay taxes,” the Omega Advisors founder said. Cooperman said he would rather see the government look into raising the federal income tax rate or the capital gains tax rate. “I believe in a progressive income tax structure. I believe rich people should pay more. I have no problem with that,” Cooperman said. However? “This wealth tax is baloney,” he added. To see why the billionaire thinks that, visit the link in bio.
Anna Haotanto was 21 when she set her first big financial goal: to buy her parents a home. 🏠 By 28, she handed them a new set of house keys.🔑 By 30? She was a millionaire. 💰 Haotanto didn’t do that by founding a multi-million dollar tech start-up, nor was she born with money. Instead, the Singapore native worked several jobs and used her financial knowledge to invest in the stock market. She also cut unnecessary costs by living a frugal lifestyle. Now, she runs a financial advice platform called The New Savvy, which is aimed toward Asian women. Want more details on how Haotanto was able to accomplish her goals? Visit the link in bio.
💰💰💰There are 618,000 millennial millionaires in the U.S. – and their wealth is only expected to grow, says a new report. Millennials are projected to be 5x wealthier in the next 10 years than they are now. They have something called the “Great Wealth Transfer” to thank for that. Nearly $68 trillion in assets are expected to flow to younger-generations from their baby boomer parents, who are considered to be the wealthiest generation in history. Most of these millennials are concentrated into one spot, too. 44% of them live in California, which is home to giant tech companies like Apple. So, how are they investing all of their money? Details at the link in bio.
“It’s hard to live until you’re 95 years old,” says Jimmy Carter. But what does the oldest living former president credit for his long life? His relationship with his wife of 73 years, Rosalynn Carter. 💕 “I think the best explanation for that is to marry the best spouse: someone who will take care of you and engage and do things to challenge you and keep you alive and interested in life,” Carter said. To find out what he says made their relationship such a success, visit the link in bio. (With @CNBCMakeIt)
$1,300,000,000,000 in annual sales revenue. ♻️ 9,500,000 full-time jobs. ♻️ That’s what the “green economy” generates in the United States, according to a new study. To put that in context, 9.5 million jobs represents 4% of the working-age population in the U.S., while $1.3 trillion is just under 7% of annual GDP. America’s “green economy” grew 20% from 2013 to 2016 – and that number is projected to continue to rise as the battle to stop climate change accelerates. Now other countries are looking to cash in on the potential of going green. Will the U.S. be able to remain competitive? Find out at the link in bio.
John Hope Bryant wants Sen. Bernie Sanders and Elizabeth Warren to know one thing: He wouldn’t be where he is today without capitalism. Bryant, a best-selling author and philanthropist who has served as an advisor to the last three presidents, grew up in Compton — an LA community with longstanding gang issues — but says with capitalism, his life “fundamentally changed.” “Without capitalism and a banker teaching me financial literacy at 9 years old,” he said, “I wouldn’t be who I am.” Though Bryant says “Bernie and Elizabeth mean well” regarding their criticism of capitalism leading to wealth inequality, he says “We got to stop with the prosperity-or-pitchforks conversation.” For more details on why Bryant says capitalism was able to change his life, visit the link in bio.
A software company✔️ A pharmaceutical company✔️ A medical education company✔️ A payment processor✔️ These stocks are some of Wall Street’s rising hedge fund managers’ favorite picks. Think you’ll invest? More details on each company at the link in bio.
If you’ve held onto your Google stock over the years, we hope you’ve enjoyed your windfall. 💸 Since 2009, shares of the company have seen a total return of about 400% — that far outpaces the S&P 500, which saw a total return of around 250% in that same timeframe. That’s because there’s no denying Google has been a success. It’s one of the world’s most visited websites and its name is so popular it’s even been deemed a verb in the English dictionary (Seriously — Google it!). But how did the company grow to be such a powerhouse? Find out at the link in bio. (With @CNBCMakeIt)
Satya Nadella’s paycheck got a little heavier in 2019. 🤑 The Microsoft CEO received $42.9 million in total compensation (mostly in stock awards) in the fiscal year ended June 30. That’s up 66% from what he made the prior fiscal year. 👀 So why’d Nadella get such a hefty raise? Microsoft cited his “strategic leadership,” and the growth of Microsoft’s Intelligent Cloud business (which is now the largest of Microsoft’s three segments) for Nadella’s bump in pay. To read the full story, visit the link in bio.
300,000,000 hack attempts. That’s what Alibaba fights off every❗day❗, according to founder Jack Ma. For comparison, tech giant Huawei only experiences 1 million daily cyber attacks. But even though Alibaba undergoes an onslaught of sweeping hack attempts, Ma says he’s “proud” the company has yet to lose “one cent” to hackers. So how does the company stop these attacks? Find out at the link in bio.
Under Armour just unveiled new spacesuits for people to wear on Virgin Galactic's space flights. 🚀 Each spacesuit will be personally tailored to every Virgin Galactic passenger and will include national flags and name badges. Passengers will also get a training suit, footwear and a limited edition jacket. These new suits will be put to use soon. Virgin Galactic plans to begin flying tourists to the edge of space (which costs about $250,000 a pop) in 2020, with founder Richard Branson to be one of the first to take the trip. Would you fly to space? 🌙🌟
President Trump could very well cruise right into reelection next year, according to Moody’s Analytics. 👀 Though Trump’s approval rating currently stands at 40%, Moody’s highly accurate election model shows his Electoral College victory could easily surpass his 2016 win over Hillary Clinton. Moody’s model is based on how consumers feel about their own financial situation, the gains the stock market has made during Trump’s tenure, and prospects for unemployment, which has fallen to a 50-year low. “If voters were to vote primarily on the basis of their pocketbooks, the president would steamroll the competition,” the report said. For more details, visit the link in bio.
A number of retailers have been forced to close up shop across the country as shoppers abandon malls and head online — and Andrew Yang is pointing the blame at tech giant Amazon, which paid $0 in federal taxes in 2018. “How many of you notice stores closing where you work and live here in Ohio? Raise your hands,” Yang asked the audience at last night’s Democratic debate. More details at the link in bio.
Billionaire Marc Benioff wants more taxes — on himself. The Salesforce co-CEO is calling for a “new capitalism,” which “includes higher taxes on the wealthiest among us" and would allow businesses to focus less on profits and more on their impact on society, while using their power to help advance important causes. “Nationally, increasing taxes on high-income individuals like myself would help generate the trillions of dollars that we desperately need to improve education and health care and fight climate change,” Benioff said. Do you agree with him? More details at the link in bio.