• CEOs and founders of tech's biggest names lost $61 billion during the stock market's plunge in October - here's who got hit hard

    14 days ago - By Business Insider

    October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering.
    According to Bloomberg data, the CEOs and founders of the most popular tech companies "FAANG+BAT" lost $61 billion in October.
    The tech-heavy Nasdaq index plunged 9.2%, posting its worst month since the financial crisis.
    And among the hardest hit were the "FAANG+BAT" stocks - Facebook , Apple , Amazon Netflix , Google , Baidu , Alibaba and Tencent .
    The list below provides details of the estimated net worth of some of tech's richest CEOs and founders: Reed Hastings...
    Read more ...

     

  • CEOs and founders of tech's biggest names lost $61 billion during the stock market's plunge in October - here's who got hit hard

    CEOs and founders of tech's biggest names lost $61 billion during the stock market's plunge in October - here's who got hit hard

    14 days ago - By Business Insider

    October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering.
    According to Bloomberg data, the CEOs and founders of the most popular tech companies "FAANG+BAT" lost $61 billion in October.
    The tech-heavy Nasdaq index plunged 9.2%, posting its worst month since the financial crisis.
    And among the hardest hit were the "FAANG+BAT" stocks - Facebook , Apple , Amazon Netflix , Google , Baidu , Alibaba and Tencent .
    The list below provides details of the estimated net worth of some of tech's richest CEOs and founders: Reed Hastings...
    Read more ...

     

  • A $145 billion chief economist says the US market is past its peak - and warns there's nothing else in the world that can step in to take its place

    A $145 billion chief economist says the US market is past its peak - and warns there's nothing else in the world that can step in to take its place

    14 days ago - By Business Insider

    Larry Hatheway, the chief economist at $145 billion GAM Investments, says the US stock market has reached a stage where it's beyond its peak.
    Perhaps more ominously, he warns that there's no equity market anywhere in the world capable of stepping up and filling to void left by the US.
    Hatheway outlines his thoughts in an op-ed provided exclusively to Business Insider.
    Slumping global equity markets in October have surprised investors. The biggest puzzle is what caused the sell-off. What do markets know now that they didn't know a few months ago?
    Trade wars and their potential escalation?...
    Read more ...

     

  • CEOs and founders of tech's biggest names lost $61 billion during the stock market's plunge in October - here's who got hit hard

    CEOs and founders of tech's biggest names lost $61 billion during the stock market's plunge in October - here's who got hit hard

    14 days ago - By Business Insider

    October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering.
    According to Bloomberg data, the CEOs and founders of the most popular tech companies "FAANG+BAT" lost $61 billion in October.
    The tech-heavy Nasdaq index plunged 9.2%, posting its worst month since the financial crisis.
    And among the hardest hit were the "FAANG+BAT" stocks - Facebook , Apple , Amazon Netflix , Google , Baidu , Alibaba and Tencent .
    The list below provides details of the estimated net worth of some of tech's richest CEOs and founders: Reed Hastings...
    Read more ...

     

  • A $145 billion chief economist says the US market is past its peak - and warns there's nothing else in the world that can step in to take its place

    A $145 billion chief economist says the US market is past its peak - and warns there's nothing else in the world that can step in to take its place

    14 days ago - By Business Insider

    Larry Hatheway, the chief economist at $145 billion GAM Investments, says the US stock market has reached a stage where it's beyond its peak.
    Perhaps more ominously, he warns that there's no equity market anywhere in the world capable of stepping up and filling to void left by the US.
    Hatheway outlines his thoughts in an op-ed provided exclusively to Business Insider.
    Slumping global equity markets in October have surprised investors. The biggest puzzle is what caused the sell-off. What do markets know now that they didn't know a few months ago?
    Trade wars and their potential escalation?...
    Read more ...

     

  • The CEO of Molson Coors says the market for cannabis-infused beverages could be worth billions. Here's why it's 'chasing down' that opportunity

    The CEO of Molson Coors says the market for cannabis-infused beverages could be worth billions. Here's why it's 'chasing down' that opportunity

    14 days ago - By Business Insider

    Molson Coors is bullish on cannabis .
    The beverage giant's CEO says the market for cannabis in Canada alone could be as much as $10 billion.
    Cannabis-infused beverages could represent up to 30% of that market, according to the company.
    The beverage giant in August entered a joint venture with HEXO , a Quebec-based cannabis cultivator, to produce infused beverages for the Canadian market.
    The CEO of Molson Coors is bullish on cannabis-infused beverages.
    Speaking on Wednesday during the company's third-quarter earnings call, CEO Mark Hunter said the cannabis market could total $7 billion to...
    Read more ...