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General Business - Posted 2014-08-27 04:09:00
Warren Buffett Under Fire For Berkshire Hathaway's Role in Burger King/Tim Hortons Deal


Warren Buffett - Illustration - Thinking Green Earlier today, the deal between Burger King and Tim Hortons was officially announced.

As part of the deal, Berkshire Hathaway committed $3 billion towards the purchase of preferred equity financing in the company. Berkshire Hathaway, which won't be involved in the running of the new Tim Hortons/Burger King enterprise, will reportedly receive 9% annual interest on its investment.

Warren Buffett, ...Full Story


Burger King and Tim Hortons - Company Logos General Business - Posted 2014-08-25 14:08:00
Burger King and Tim Hortons Talking Deal


"I'd like a Whopper with a Double Double and a chocolate glazed doughnut, please."

According to multiple media reports, Burger King and Tim Hortons are currently in advanced negotiation...Full Story



Barack Obama Playing a Round of Golf - Caricature General Business - Posted 2014-08-23 01:11:00
The Great Presidential Vacation Debate


President Obama is vacationing while the world burns. How could he?

With the midterm elections approaching, many Republicans have attacked the President in recent months, asking how the...Full Story




Posted June 19th, 2014 10:07 pm EST
Las Vegas: Democrats Currently The Favorites To Win in 2016

According to Las Vegas, the Democrats are currently the favorites to win the 2016 US Presidential election. Here are the ... Full Story
Posted May 25th, 2014 5:19 pm EST
Los Angeles Clippers Likely To Fetch $1 Billion+ in Sale

The NBA is going to force a sale of the Los Angeles Clippers due to recent remarks by the team's dis... Full Story
Posted March 26th, 2014 6:36 pm EST
Mark Cuban Not Sweating His Lack of Involvement in Box IPO

Earlier this week, Box filed for an initial public offering. The offering, which will seek to ra... Full Story
Posted April 6th, 2011 7:04 pm EST
What is the Debt Ceiling?

There is currently a fierce debate underway in the United States over the country's "debt ceiling". ... Full Story


Los Angeles Clippers - Team Logo General Business - Posted 2014-08-19 18:32:00
Steve Ballmer Looking To Resurrect His Image as New Owner of Los Angeles Clippers


Earlier this week, former Microsoft CEO Steve Ballmer formally purchased the NBA's Los Angeles Clippers for a staggering $2 billion. The deal, which involved litigation and was months in the making, c...Full Story
Stock Market Rise - Question Mark - Composite - Illustration General Business - Posted 2014-08-17 20:32:00
Gallup: 52% of Americans Believe That Now is a Good Time To Invest in Financial Markets


Despite a bit of turmoil over the past couple of weeks, the S+P 500 and Dow Jones Industrial Average both remain within striking distance of their all-time highs.

The Federal Reserve's...Full Story
Berkshire Hathaway Logo - Small Size General Business - Posted 2014-08-14 21:55:00
Berkshire Hathaway Tops $200,000/Share For The First Time


The company, which is a conglomerate that owns the likes of BNSF, Geico and Dairy Queen, as well as stakes in IBM and American Express, finished Thursday up $3,241.00 to close at $202,850 per share. A...Full Story




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King Digital Entertainment plc - Logo General Business - Posted 2014-08-12 17:38:00
Maker of "Candy Crush Saga" Crushed After Q2 Earnings Report


Let's be blunt - King Digital Entertainment plc (KING on the NYSE) is not the most popular company in the world.

The company, which is behind social games such as "Candy Crush Saga" an...Full Story
Hemp Leaf - Illustration General Business - Posted 2014-08-10 18:51:00
SEC Nabs Four For Manipulation of Medical Marijuana Stocks


The SEC ("Securities and Exchange Commission") revealed late last week that they had charged four men for the manipulation of various "microcap" stocks, including a number of companies with ties to th...Full Story
Minimum Wage Fee - Restaurant Receipt - Crop General Business - Posted 2014-08-07 13:38:00
Would You Pay a "Minimum Wage Fee" On Your Restaurant Bill?


On August 1st, Minnesota's minimum wage laws changed for the first time in nearly a decade. Minnesota has a multi-tiered minimum wage system that is based on the annual revenues of the employer. The m...Full Story




Angry Bull - Illustration - Stock Market General Business - Posted 2014-08-05 04:32:00
Bull Market Rages On, But It's Still Nothing Like 1999


If you are talking to somebody who got into investing or trading sometime after the implosion of the first "dot-com" bubble in 2000-2001, it can be hard to fully convey just how crazy things were in t...Full Story
Berkshire Hathaway logo on top of dollar signs General Business - Posted 2014-08-04 03:18:00
Berkshire Hathaway's Cash Pile Tops $55 Billion


Berkshire Hathaway reported their Q2 earnings on Friday afternoon, with the company reporting net income of $6.4 billion or $3,889 per Class A share. Revenues from Berkshire Hathaway's combined subsid...Full Story
Pagoda - Japan - Illustration General Business - Posted 2014-08-01 22:19:00
Japan Continues To Inch Closer To Becoming USA's Largest Foreign Creditor Once Again


It seems to be just a matter of time before Japan reclaims the title of being the USA's largest foreign creditor.

According to the US Treasury Department, China's holdings of US debt i...Full Story
Twitter Stock Rising - Illustration General Business - Posted 2014-07-29 17:35:00
Twitter Surges Following Release of Q2 Earnings Report


About a year ago, Facebook released an earnings report that completely reversed their stock's momentum.

There was, if you'll remember, a time when pretty much nobody wanted to own shar...Full Story




Net Worth
Daily Net Worth Changes



Updated Weekdays at 7 pm EST


Five Biggest Winners

Jeff Bezos

+$655,713,604

Mark Zuckerberg

+$397,619,132

Larry Ellison

+$125,832,804

Micky Arison

+$38,144,989

Marissa Mayer

+$187,026

Five Biggest Losers

Steve Ballmer

$-54,986,743

Warren Buffett

$-54,600,000

Sergey Brin

$-54,156,057

Bill Gates

$-52,468,542

Elon Musk

$-45,941,905



Recent Updates

LeBron James, July 11th, 2014 - James announced his intention to sign with the Cleveland Cavaliers.

Micky Arison, July 11th, 2014 - Lebron James decided to leave the Miami Heat, which will result in a diminished value for the club.

Jeff Bezos, 2014-05-15 - Donated 4,124 shares of Amazon to a non-profit organization

Elon Musk, 2014-05-09 - Received 15,213 Shares of Solarcity (SCTY) as part of pro-rata distribution from Draper Fisher Jurvetson Fund X, LP (103 shares) and Valor Equity Partners II LP (15,110 shares)

Mark Zuckerberg, 2014-05-08 - Converted 3,999,000 shares of Class B shares of Facebook to Class A shares

Sergey Brin, 2014-05-06 - Sold 83,334 Class A Google shares and 77,570 Class C shares of Google

Bill Gates, 2014-05-06 - Sold 4.65 million shares of Microsoft (MSFT)

Bill Gates, 2014-05-02 - Sold 4.03 million shares of Microsoft (MSFT)

Reed Hastings, 2014-05-01 - Gifted 10,000 shares of Netflix from Hastings-Quillin Family Trust

Bill Gates, 2014-05-01 - Sold 3.47 million shares of Microsoft (MSFT)


Net Worths Page





Pershing Square Capital Management and Herbalife - Company Logos General Business - Posted 2014-07-27 06:42:00
Will Bill Ackman Ever Capitulate on Herbalife?


The Herbalife story has been one of the most interesting sagas of the past couple of years in the stock market.

On one side are short sellers (led by Bill Ackman and Pershing Square Ca...Full Story
CYNK 5 Day Chart - July 26th, 2014 General Business - Posted 2014-07-25 17:25:00
SEC Lifts Trading Halt on Cynk Technology, Shares Crater 85%


Shares of Cynk Technology Corp. (CYNK on the Pink Sheets) re-opened for trading on Friday following a two week halt by the SEC (Securities and Exchange Commission).

The shares predicta...Full Story
Facebook Like Button with Dollar Signs General Business - Posted 2014-07-24 21:01:00
Mark Zuckerberg Adds Another $1.56 Billion To His Net Worth


Shares of Facebook hit an all-time high on Thursday after a Q2 earnings report that was warmly received by investors.

Remember when the company had a mobile advertising problem? That p...Full Story
Puma Biotechnology - Logo General Business - Posted 2014-07-23 17:27:00
Puma Biotechnology Illustrates The Dangers of Holding Biotech Short Positions Overnight


Holding biotech companies in your portfolio, either long or short, is a high risk/high reward game.

If you are holding a biotech position long, you run the risk of the company falling ...Full Story



Herbalife Company Logo - Light Green Color General Business - Posted 2014-07-21 21:52:00
Tuesday Promises To Be An Interesting Day For Herbalife Shareholders


Whether you are a shareholder of Herbalife or just an interested observer, Tuesday promises to be an interesting day for the company.

Bill Ackman, head of Pershing Square Capital Manag...Full Story
Google company logo General Business - Posted 2014-07-20 03:00:00
Will Google Be The First Trillion Dollar Company?


It's a question that people have been asking themselves for decades now - which will be the first publicly traded company to command a trillion dollar valuation?

Back in the late '90s d...Full Story
United States Citizenship and Immigration - Seal and Flag - Concept General Business - Posted 2014-07-16 16:47:00
Gallup: 17% of Americans Believe Immigration is Nation's Biggest Issue


According to Gallup.com, 17% of Americans now believe that immigration is the country's most important problem. This is up precipitously from 5% in June and 3% in January.

The issues o...Full Story
Stop / Halt / Suspend - Street Sign General Business - Posted 2014-07-13 22:43:00
SEC Suspends Trading in Cynk Technology


On Friday morning, the Securities and Exchange Commission (SEC) halted trading in shares of Cynk Technology (symbol CYNK). The SEC said that they were suspending trading in CYNK "because of concerns r...Full Story
Cleveland Cavaliers - NBA Team - Logo - 2014 General Business - Posted 2014-07-11 17:01:00
The Financial Impact of Lebron James Signing With the Cleveland Cavaliers


The sports world, for the second time in four years, was put on hold over the past 11 days as Lebron James decided where he would next "take his talents".

Lebron James, along with Chri...Full Story
CYNK - 5 Day Chart - July 9th, 2014 General Business - Posted 2014-07-09 23:49:00
Shares of Cynk Technology Keep Going.. and Going


Cynk Technology Corporation (CYNK) is making a mockery of the stock market, if that is even possible.

On June 16th, 2014, shares of Cynk Technology Corporation closed at just 6 cents p...Full Story
Brazil World Cup Ball - Illustration - Concept General Business - Posted 2014-07-09 03:54:00
How An Embarrassing Soccer Loss Could Change Brazil's Future


In case you have been living under a rock (or really, really don't like soccer), Germany throttled Brazil 7-1 in the semi-finals of the World Cup on Tuesday.

Losing 7-1 in the World Cu...Full Story
Handgun (Pistol) Price Tag - Illustration - Drawing - Concept General Business - Posted 2014-07-07 18:53:00
Report: Gun Sales Down 7.6% In First Half of Year


According to a new report from research firm CRT Research, gun sales in the United States were down 7.6% in the first half of 2014 compared to the same time period in 2013.

The reason ...Full Story




The Millennials - Young People on the Couch - Sad / Bored - Photo General Business - Posted 2014-07-05 03:11:00
Report: "Millennials" Make Up 40% of Unemployed in United States


Despite the fact that the national unemployment rate in the United States is falling, the employment situation continues to remain dire for younger adults in the country.

According to ...Full Story
Dollar bill donation - Photo concept General Business - Posted 2014-07-01 19:24:00
Over $3 Million in Donations Made To Pay Down US Debt Through First Seven Months of 2014 Fiscal Year


The Bureau of the Public Debt accepts donations from the general public to help pay down the US debt.

The Bureau of Public Debt accepts "gifts" of the following types:

-...Full Story
President Obama in deep thought - Photo General Business - Posted 2014-06-29 22:31:00
President Obama's Approval Rating Continues To Hover In Low 40s


It's safe to say that President Obama's second term hasn't gone very well for him. It seems as though there is a new scandal every couple of weeks, plus President Obama seems to be getting attacked fr...Full Story
GDP (Gross Domestic Product) - Concept - Illustration General Business - Posted 2014-06-25 15:43:00
Real GDP Decreased 2.9% in Q1/2014


The Bureau of Economic Analysis of the US Department of Commerce released some shocking news earlier this morning - real gross domestic product decreased by a startling 2.9% in the first quarter of 20...Full Story
The New Dow Jones Industrial Average - Logo General Business - Posted 2014-06-22 21:49:00
Dow 17,000 Likely Coming This Week


Another milestone for the DJIA (Dow Jones Industrial Average) is likely coming this week - 17,000.

The DJIA closed at 16,947.08 on Friday afternoon, setting yet another all-time high. ...Full Story
Gas Prices - Illustration - Concept General Business - Posted 2014-06-21 17:59:00
AAA: Don't Expect Gas Prices To Drop Anytime Soon


Will gasoline prices start to taper off as the summer stretches on, as has happened in most previous summers?

According to AAA, don't count on it.

The average cost of a ...Full Story
Mitt Romney in front of the United States flag General Business - Posted 2014-06-19 19:31:00
Romney Redux? Mitt Leads New Hampshire GOP Primary Poll


Would 2012 Republican Presidential candidate Mitt Romney run for President again?

Romney has been fairly resolute in his stance that he is not interested in running for President again,...Full Story
The International Monetary Fund - IMF - Drawing General Business - Posted 2014-06-17 00:02:00
IMF Cuts US Growth Outlook For 2014


Earlier this week, the IMF (International Monetary Fund) cut their expectations for US economic growth in 2014 from 2.8% to 2.0%.

The cuts were of little surprise thanks to the economy's horrible performance in the first qua...Full Story


RECENT ARTICLES

Report: 71% of Americans Support Minimum Wage Increase
US Posts $130 Billion Deficit in May
Report: Global Millionaire Population Soared in 2013
May Employment Report: 6.3% Unemployment Rate, 217,000 Jobs Added
Economists Expecting 6.4% Unemployment Rate For May
Five Years Since The End of the "Great Recession"
NY Times: FBI Investigating Carl Icahn, Phil Mickelson For Possible Insider Trading Violations
Apple Agrees To Its Largest Ever Purchase As It Buys Beats Electronics, LLC For $3 Billion
Gallup: Half of Americans Think That They Will Be Able to Retire Comfortably
Gasoline Prices: 1,247 Days Over $3/Gallon and Counting
A Look at Vice President Biden's Personal Financial Disclosure For 2013
President Obama Files Financial Disclosure for 2013
Shares of World Wrestling Entertainment, Inc. Plummet Following TV Deal, Release of WWE Network Numbers
Belgium's Holdings of US Debt Continue To Soar, Russia Still Selling
Student Loan Debt Hits All-Time High of $1.11 Trillion
United States Posts $106.85 Billion Surplus in April
Japanese Debt Hits All-Time High
Mitt Romney Supports Minimum Wage Increase
IRS Chief: Fewer Audits To Be Conducted This Year Due To Budget Cuts
Federal Reserve Bank of San Francisco: College Still a Good Investment
Labor Force Participation Rate Hits 36 Year Low
January 8th, 1835
Intragovernmental Holdings: $5 Trillion and Counting
Donald Sterling Situation Throws NBA Into Turmoil
Apple To Enact 7:1 Stock Split
David Einhorn: "We Are Witnessing Our Second Tech Bubble in 15 Years"
Netflix To Raise Prices
Poll: The Best Long-Term Investment Is..
Belgian US Debt Holdings Continue To Spike
Herbalife Back in Spotlight Following Rumored Government Probe
The Obamas Earned $481,098 in 2013
United States Posts Deficit of $37 Billion in March
"Tax Freedom Day" To Fall on April 21st This Year
March Employment Report: 192,000 Jobs Added, Unemployment Rate Remains Unchanged
Retail Salespersons, Cashiers Top List of Most Common Jobs in the United States
April: Typically One of the Strongest Months for the Stock Market
Revenues Rising: Cabrera, Trout To Receive $400 Million+ In Two New MLB Deals
Poll: Just 26% of Americans Support "Obamacare"
Internet Explodes After Facebook Announces Buy of Oculus VR
Facebook Purchases Oculus VR For $2 Billion
Bloomberg: Foreign Buyers Slowing Down Their Purchases of US Debt
Study: 1 in 10 Long-Term Unemployed Get Hired Every Year
Berkshire's Billion Dollars is Safe
Federal Reserve Releases Results of Latest Bank Stress Tests
January State Unemployment Report: 43 States Post Unemployment Rate Decreases
Russia: $138.6 Billion in Current US Debt Holdings
Ukraine, Fed Uncertainty Set To Weigh on Markets This Week
Report: Record Number of Million Dollar US Households in 2013
United Kingdom Raises Its Minimum Wage
Mark Zuckerberg's Net Worth Continues To Soar Into The Stratosphere
February Employment Report: Unemployment Rate Rises to 6.7%
Gallup: President Obama's Approval Rate Continues To Hover In The Low 40s
Forbes: Bill Gates Is Once Again World's Richest Billionaire
Warren Buffett: "America's Best Days Lie Ahead"
Bitcoin Proves Resilient in Face of Mt. Gox Closure
Bitcoin Exchange MtGox Goes Offline
Whoops! WhatsApp Suffering Extended Outage Following Facebook Deal
Facebook Breaks The Bank in WhatsApp Buy
Gallup: Unemployment/Jobs The Most Pressing Issue for Americans Once Again
Many Americans Continue To Turn Sour on Russia and Vladimir Putin


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