Dustin Muskovitz, co-founder and chairman at Asana.Stefanie Keenan | Getty Images Entertainment | Getty ImagesMeta’s co-founder Dustin Moskovitz opened up about the pains of leadership and admitted that 13 years of being a CEO was “exhausting.”Moskovitz, one of the original founders of Meta, formerly Facebook, co-founded the social platform in 2004 alongside Mark Zuckerberg, Eduardo Saverin, Chris Hughes, and Andrew McCollum.After leaving Facebook in 2008, he retained a stake of just over 8%, making him a billionaire with a net worth of $12 billion, according to the most recent data from Forbes. He went on to become a co-founder and CEO…
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The Commodity Futures Trading Commission headquarters in Washington, DC, US, on Friday, Dec. 23, 2022.Ting Shen | Bloomberg | Getty ImagesU.S. President Donald Trump has picked Michael Selig as the Commodity Futures Trading Commission’s chair, an administration official and Selig himself said on Saturday.Selig is chief counsel for the CFTC’s crypto task force and has worked with Securities and Exchange Commission Chairman Paul Atkins.Both Selig and David Sacks, the White House artificial intelligence and crypto czar, confirmed the selection in separate posts on X.Sacks praised Selig as “deeply knowledgeable about financial markets and passionate about modernizing our regulatory approach in…
An Exxon gas station is seen on August 05, 2024 in Austin, Texas. Brandon Bell | Getty ImagesExxon Mobil is suing the state of California over a pair of 2023 climate disclosure laws that the company says infringe upon its free speech rights, namely by forcing it to embrace the message that large companies are uniquely to blame for climate change.The oil and gas corporation based in Texas filed its complaint Friday in the U.S. Eastern District Court for California. It asks the court to prevent the laws from going into effect next year.In its complaint, ExxonMobil says it has for…
There’s a ton of paperwork that goes into maintaining your small business — and failure to file something important can result in penalties. One such piece of documentation that businesses should file is called an annual report. While it’s pretty simple in nature, here’s a breakdown of what you need to know about it.Set aside money for future use in a savings account designed for businessOffers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.Annual Percentage Yield (APY)3.46% with a daily balance of $5,000,000 or below; 4.42% with…
Coke beverages are displayed in a 7-eleven convenient store on July 17, 2025 in Austin, Texas. Brandon Bell | Getty ImagesAmid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending.Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described as a “K-shaped” economy. Friday’s consumer price index report shed more light on the pressures facing large swaths of the country.The CPI report, which measures price changes across a range of goods and services, was delayed due to the government shutdown, originally scheduled to be released nine…
One quality separates the most successful business owners from all others, according to billionaire Jimmy John Liautaud: They work really, really hard.In that vein, the 61-year-old founder and former chairman of the Jimmy John’s sandwich chain doesn’t believe in work-life balance, he said in a TikTok video posted by The School of Hardknocks on Oct. 9. “Work-life balance [for entrepreneurs] is the biggest line of bulls— that’s ever been created,” he said. “There’s no such thing as work-life balance. When you’re going to squeeze lemonade out of horses—, you’ve got to squeeze really, really hard … To create something from nothing,…
When Rick Senko started re-selling used items on eBay, he was “flat broke” — a recently unemployed single father who was desperate to earn enough money to support his 5-year-old son.That was 2008, and the first item he sold — a cell phone he bought for $35 on Craigslist and flipped on eBay for $75 — felt like discovering a “glitch in the Matrix,” says Senko, now 41 and based in Fort Lauderdale, Florida.Realizing he could turn a tidy profit by flipping used items online, he went all in. He studied brands and sales trends, exploiting market inefficiencies and often…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Berkshire Hathaway’s B shares have rebounded 7.2% higher since their near-term closing low of $459.11 on August 4.At that point, they had dropped almost 15% in the wake of Warren Buffett’s surprise announcement in early May that he will be stepping down as CEO at the end of the year.That gives BRKB a YTD gain of 8.6%. (The A shares are up 8.5%)Zoom In IconArrows pointing outwardsZoom In IconArrows pointing outwardsAs Apple gains, Berkshire has…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although the top end of the market fared better, according to a new report.Despite the steady stream of headlines about eye-popping sales and soaring prices in Manhattan real estate, the median price per square foot for Manhattan condos is essentially flat from a decade ago, according to a report from Brown Harris Stevens. One in…
Timothy Mellon, seen outside an inspection train during a property tour in 1981. Exact date and location unknown.AP PhotoA mystery donor whose $130 million is meant to pay U.S. military during the government shutdown is Timothy Mellon, an heir to a renowned Gilded Age family, The New York Times reported Saturday, citing two people familiar with the matter.But Mellon’s donation works out to only about $100 per service member. And the donation might run afoul of the law, the Times noted.When President Donald Trump announced the donation at the White House on Thursday, he did not name the individual who…
