Billionaire Population Reaches 2,473
According to Wealth-X, the number of billionaires in the world rose slightly last year, but the percentage of wealth controlled by them was down slightly.
All Work
Douglas A. McIntyre
Hybrid Car Sales Top 30,000 in July
courtesy of Toyota Motor Corp.Total car and light truck sales reached 1,522,144 in July. By contrast, hybrid sales were less than modest at 32,633. Of those, 9,930 were the base version of the Toyota…
Major Changes in Warren Buffett Holdings as Berkshire Announces Earnings
Berkshire Hathaway Inc. (NYSE: BRK-B) announced earnings. Operating earnings were $4.607 billion, in the second quarter up from $3.890 billion in the same period last year. The report showed an increase of the value…
10 Worst States for Black Americans
For two years in a row, 24/7 Wall St. has published “Worst States for Black Americans.” The story was recently expanded in an article titled “Black and White Inequality in All 50 States,” which expanded…
743 Women Give Birth at Age Over 50
According to the CDC, 743 women over 50 gave birth in 2014, which is either a testament to the health of some older women, or a signal of the effectiveness of modern medicine.
College Station, Texas, Is Where Fewest People Own Their Own Home
Home ownership is at a multi-decade low in the United States. At the bottom of the list is College Station, Texas.
Huge Brick Mansion in Pennsylvania for $1.2 Million
This brick mansion in Pennsylvania has two disadvantages. One is that it was built in 1881. The other is that it is the proverbial "most expensive house in the neighborhood."
Nike Crashes 11% in 2016, Worst Among Dow Stocks
Much of the worry about Nike is that it has ever more competition, from the very large and direct competitor Adidas to the nimble and fast-growing Under Armour and others in China.
Airbnb Raises $850 Million, as Valuation Tops $29 Billion
Airbnb reportedly raised $850 million last month, and the value of the real estate sharing service has risen to more than $29 billion.
Comcast Xfinity Crushes Competition in Speed Test
The latest Speedtest report indicates that internet speeds in the United States have hit record levels and that Xfinity broadband crushed its competition in download speed.
Energy Industry Job Cuts Hit 195,000
The oil industry has shed more than 195,000 jobs, and if the price of crude stays below $40 a barrel, the trend may continue.
Zika Threatens Florida’s $67 Billion Tourism Industry
In Miami, spraying for Zika is in full swing. However, infection rates continue to rise, and the virus has begun to spread among other states.
Theranos Death Watch (Update)
There have been several developments since 24/7 Wall St. posted its Theranos Death Watch Continues story.
Can BMW Crush Tesla?
Tesla's electric car business may become endangered as much larger manufacturers enter the business. None of them has a product line more dangerous than BMW's.
Nike’s Problem: Young People
Michael Jordan, Nike's most important spokesperson, is 53 years old. It is a company with a big challenge, particularly since its products appear to be aimed at people much younger.
Wal-Mart Stock Soars 20% This Year, Despite E-Commerce Failure
Wal-Mart has the capacity to transform its online business. With its balance sheet and cash flow, Wal-Mart can do radical things.
Drone Industry to Reach $82 Billion, Add 100,000 Jobs
Even though the industry and the laws that govern it are in disarray, the future of the commercial drone industry is remarkably bright, according to the White House Office of Science and Technology Policy.
Mercedes Tops BMW in Car Sales
As is true with most car companies, a few models drive success at Mercedes and BMW. Both companies claim profitability is more important than unit sales.
Zika Response Spreads North and West in US
The presence of the Zika virus is not concentrated in Florida, although the state has more confirmed cases than any other, and the number of infected people is growing rapidly.
As Samsung Sales Surge, a Threat to iPhone 7
If a successful new iPhone launch is measured by 70 million units sold in its first full quarter on the market, Apple has a steep mountain to climb.