Matthew Perry made millions in Friends residuals. What happens now

Matt LeBlanc as Joey Tribbiani, Matthew Perry as Chandler Bing, Jennifer Aniston as Rachel Green and Courteney Cox as Monica Geller on NBC’s “Friends.” NBC | Getty Images Matthew Perry, the beloved actor best known for his role as sarcastic, wise-cracking Chandler Bing on the sitcom “Friends,” died Saturday at age 54. He left behind … Read more

Tesla boss Elon Musk says AI will create situation where no job is needed

Elon Musk, chief executive officer of Tesla Inc., at the AI Safety Summit 2023 at Bletchley Park in Bletchley, UK, on Wednesday, Nov. 1, 2023. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — Elon Musk thinks that artificial intelligence could eventually put everyone out of a job. The billionaire technology leader, who owns … Read more

Is your hotel sustainable? Not if these two things are in your room

Many hotels claim to be eco-friendly.   But are they?   A quick-and-easy test is to look for two items, said Sonu Shivdasani, founder of Soneva and Six Senses hotel brands. First, sustainable hotels should not have branded water of any sort, he told CNBC Travel.   “When you have incredible filtered water, and where … Read more

Billionaire politicians ‘shockingly common’: Study

President Donald Trump and Foxconn Chairman Terry Gou (R) tour a Foxconn facility at the Wisconsin Valley Science and Technology Park on June 28, 2018, in Mount Pleasant, Wisconsin. Brendan Smailowski  | AFP | Getty Images More than 11% of the world’s more than 2,000 billionaires have run for election or become politicians, according to … Read more

Norway’s sovereign wealth fund loses $34 billion in the third quarter

The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The so-called Government Pension Fund Global returned a loss … Read more

What Techno-Billionaire Marc Andreessen Missed In His Techno-Optimism Manifesto

As a general rule, any essay that includes the one-sentence paragraph “I am here to bring the good news” is written by someone who wants to take your money, your vote, or your soul. As far as I know, Marc Andreessen, the browser pioneer and cofounder of powerhouse VC firm Andreessen Horowitz, isn’t running for … Read more

Billionaires are driving South Florida home prices to new records

From Palm Beach to Miami Beach, luxury home prices in Florida’s richest enclaves are reaching new records as billionaires and millionaires continue to buy up property. The average sale price of a home in Palm Beach topped $20 million in the third quarter, making it far and away the most expensive market in the country, … Read more

China’s ‘Big Four’ banks rally after state wealth fund boosts stake

Bank of China is one of the major state-owned banks in China. Pictured here is a branch in Shanghai on March 27, 2023. Bloomberg | Bloomberg | Getty Images China’s sovereign wealth fund, Central Huijin Investment, increased its stake in four of the country’s biggest banks late Wednesday in what is seen as a move … Read more

Is the party over? New data suggests revenge travel may be ending soon

The era of unabated “revenge travel” may be coming to a close. New reports show that, after years of inflation and rising travel costs, travelers may finally be curtailing their travel plans. A new report by the research company Morning Consult shows that travel intentions are increasing in several countries, but flatlining or falling in … Read more