December 5, 2020
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Larry Ellison And Elon Musk Are $5 Billion Richer This Week, As Stock Market Hits New Record High

THE CHANGING FORTUNES OF THE WORLD’S RICHEST E ven as legal and political issues continue to delay the closing of Oracle’s deal to acquire the U.S operations of TikTok, Oracle cofounder Larry Ellison’s fortune rose $2.5 billion this week, as shares of his software giant climbed ahead of a
Banking & Insurance Enterprise Tech enterprisetech Innovation Money Technology

With PNC’s Acquisition Of BBVA/Simple, Two Pioneers In CX Are United

Share to Facebook Share to Twitter Share to Linkedin Long before customer experience was a common expression of aspiration by bankers and fintechs, Shamir Karkal discovered it at PNC in Pittsburgh which had launched a Virtual Wallet in 2007. Pedestrians pass in front of a PNC Financial Services Group Inc. bank branch in New York. ... [+] Photographer: Gabriela
Asia Business Editors' Pick Investing Markets Money Retail

Japan’s Richest Person Sees Wealth Cross $41 Billion As Fashion Sales Rebound In Japan And China

Share to Facebook Share to Twitter Share to Linkedin Tadashi Yanai the holding company of Japan's casual fashion giant Uniqlo, speaks at his office in ... [+] Tokyo. YOSHIKAZU TSUNO/AFP via Getty Images The net worth of Japan’s wealthiest person, Tadashi Yanai, the billionaire behind everyday fashion brand Uniqlo, touched a peak of $41.6 billion this week, spurred by a
Breaking breaking-news Business Cloud Innovation Investing Markets Money Technology

Palantir’s Stock Surge Is Hype, Morgan Stanley Warns In Downgrade, Shares Plummet 12%

Share to Facebook Share to Twitter Share to Linkedin Topline Marking a sudden about-face from explosive growth in its two months since going public, shares of big-data analytics firm Palantir Technologies tanked 12% on Wednesday after a Morgan Stanley analyst warned that the company's performance and outlook doesn't back up the recent stock surge–another blow to the
Banking & Insurance Breaking breaking-news Business Investing Markets Money Policy Small Business

New PPP Loan Data Reveals Most Of The $525 Billion Given Out Went To Larger Businesses–And A Few With Trump, Kushner Ties

Share to Facebook Share to Twitter Share to Linkedin Topline After months of litigation, the Small Business Administration finally revealed the name of every business that received a loan under the Paycheck Protection Program on Tuesday night, and early analysis reveals that a majority of the forgivable funds—intended for smaller businesses needing emergency relief for
/worlds-billionaires Billionaires Business Cloud Consumer Tech Innovation Markets Money Technology

Salesforce Deal Lifts Slack CEO's Fortune By More Than $200 Million

Share to Facebook Share to Twitter Share to Linkedin Slack CEO Stewart Butterfield ASSOCIATED PRESS Slack CEO and cofounder Stewart Butterfield was already a billionaire before rumors began floating that Salesforce would buy work-communication tool Slack. But in a deal announced Tuesday after markets closed and valued at over $27 billion, Salesforce’s agreement to
Breaking breaking-news Business Cloud Innovation Investing Markets Money Technology

It’s Official: Salesforce Buying Slack For $28 Billion, Taking On Microsoft With Benioff’s Biggest Deal Yet

Share to Facebook Share to Twitter Share to Linkedin Topline After nearly a week of speculation, Salesforce confirmed its intent to acquire popular workforce chat platform Slack in a deal valued at $27.7 billion on Tuesday, marking the enterprise cloud giant's largest-ever acquisition and positioning it to compete more forcefully with the nation's second-largest tech firm
/worlds-billionaires Billionaires Breaking breaking-news Business Consumer Tech Editors' Pick Innovation Investing Markets Money Technology

Zoom Founder Eric Yuan’s Fortune Falls $3.1 Billion As Stock Plunges Following Earnings Report

Share to Facebook Share to Twitter Share to Linkedin Zoom beat quarterly earnings expectations but investors are bracing for a slight slowdown in growth ... [+] ahead. Even after the stock drop, Yuan is one of the 35 richest people in the U.S. Kena Bentacur/Getty Images Despite yet again topping quarterly earnings expectations, Zoom Video Communications ZM saw its stock
/worlds-billionaires Billionaires Breaking breaking-news Business Enterprise Tech Innovation Investing Markets Money Technology

Zoom Founder’s Net Worth Has Plunged $7 Billion Since October As Explosive Pandemic Growth Slows

Share to Facebook Share to Twitter Share to Linkedin Topline Despite booming earnings that beat Wall Street's expectations, shares of Zoom are tanking on Tuesday after a quarterly report revealed that the firm's explosive pandemic growth could be reaching its upper limit, and the fortune of the firm's billionaire founder and CEO, Eric Yuan, has plunged in tandem. Eric

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