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For some Twitter employees under Elon Musk, sleeping in the office appears to be an absolute must — the physical embodiment of the tech industry's "hustle culture." It's also totally unnecessary, says Ken Kocienda, a former Apple software engineer and designer who helped build the first iPhone and iPad. "I was on these [Apple] teams from the earliest stages and I never once came close to sleeping at the office. It's not an essential part of doing great work," he wrote in a Twitter post on Sunday. The "hustle porn" trend of tech founders and executives bragging about working around the clock and sleeping in their offices is nothing new.
Storylines' MV Narrative residential cruise ship is set to launch in 2025, with 547 private residences priced between $1 million and $8 million to own. That's when Miami-based residential shipbuilder Storylines plans to launch its new $1.5 billion, 753-foot megaship filled with 547 private residences. Storylines bills the cruise ship, called the MV Narrative, as "the world's first environmentally sustainable private residence ship." Storylines' MV Narrative will offer 547 luxury private residences with anywhere from one to four bedrooms. People who live on the MV Narrative will get to circumnavigate the globe every three years.
Once again, a lottery jackpot has crossed the billion-dollar threshold — the fifth time in the past five years — and this one is a world record. Saturday's Powerball drawing now has a jackpot of $1.6 billion, the largest ever, after no winners were announced for Wednesday night's $1.2 billion drawing. That one was also a Powerball drawing that reached $1.586 billion and was split between three winning tickets. $1.34 billion (Mega Millions)As mentioned above, the record Powerball drawing is already the second billion-dollar jackpot of 2022. $768.4 million (Powerball)
It's the fifth time a U.S. lottery prize has reached 10 digits since 2016, when the first billion-dollar prize jackpot was announced. Make that lottery harder to win and you can almost guarantee higher jackpots on a regular basis, incentivizing even more people to buy lottery tickets. Powerball's organizers have gradually made their lottery harder to win for decades, says Victor Matheson, an economics professor at the College of the Holy Cross who studies lotteries. Before then, your odds of winning a Powerball lottery were around 1 in 175 million, Matheson says. "They've been running Powerball or its predecessor for [34 years], and they've gradually been making it harder and harder to win," Matheson tells CNBC Make It.
Federal law doesn't require employers to give employees any time off to vote, much less paid time off. Instead, the laws vary from state to state: Just 29 states and the District of Columbia currently require employers to give employees time off to vote in general elections. Only 23 of them require that you actually get paid for that time, and those rules also vary by state. Some require up to three hours of paid time off, while other states leave it up to employers to determine what constitutes a "reasonable amount of time to vote." That leaves 21 states where your employer is not required to offer you any time off in order to cast your ballot next week.
A year ago on Friday, Mark Zuckerberg made a huge bet on the metaverse, announcing his company's name change from Facebook to Meta. The billionaire's vision of virtual worlds, along with the $10 billion he's spent on metaverse development over the past year, "really struck me," Sorrels says. Alexis Dimas, a 37-year-old metaverse creator based in Santa Ana, California, says he joined Horizon Worlds in beta nearly two years ago. "As far as Horizon Worlds losing users, I haven't witnessed that or seen that. Zuckerberg: 'I appreciate the patience'On Wednesday's Meta earnings call, Zuckerberg told investors that Meta could weather its problems and that its investments in the metaverse will eventually be fruitful.
If you're planning to look for more deals and generally be a bit more thrifty this upcoming holiday shopping season, you're far from alone — and retailers are well aware. That's why small-business owners and side hustlers on platforms like Etsy begin preparing for the holiday season before Halloween, says Raina Moskowitz, Etsy's chief operating officer. "The holiday season is really the busiest season and most important time of the year, certainly across retail, but especially for small businesses," Moskowitz tells CNBC Make It. Small businesses especially are getting ready for an uncertain holiday season, as shoppers worry about a potential recession and inflation jacking up prices. Consider your prices carefullyEighty-four percent of holiday shoppers say they'll try to save money compared to previous holidays, according to a recent Bankrate survey.
But being digital natives doesn't make them immune to online scams. That's compared with just $8.3 million in 2017, marking a nearly 1,126% increase in just four years — larger than any other age group in that same period. "That was actually super surprising for us to find out," David McClellan, Social Catfish's founder and CEO, tells CNBC Make It. Part of that increase can likely be attributed to the pandemic, which has seen an overall surge in online scams for all age groups compared to previous years. People over the age of 60 are still losing the most money to online scams, by far: nearly $1.7 billion combined last year, according to the FBI.
As Cuban built the tech companies in the 1990s that would eventually make him exorbitantly wealthy, he never prioritized personal riches, he told GQ on Wednesday. "I never, ever thought in terms of money," he said. Initially, when Cuban sold his first company MicroSolutions to CompuServe for $6 million, he never thought he'd have to work again, he told GQ. Instead, he told GQ, he was happy with the money he'd earned in the deal and had a feeling the stock market was overpriced. From there, Cuban went about spending his money in ways that made him happy, including buying his hometown Dallas Mavericks in 2000.
We all want to think that we're doing enough to keep our personal and financial information safe from hackers when we go online. For the past two decades, he's been a computer security consultant whose firm, Mitnick Security Consulting, advises clients from government agencies to Fortune 500 companies like Microsoft. Where to start: Manage your passwords"For consumers who aren't technical wizards or information security consultants, the first thing where people make mistakes is in constructing their passwords," Mitnick says. The average person has more than 100 different online accounts requiring passwords, according to online password manager NordPass. Mitnick calls physical security keys "the highest security level" when it comes to signing into your online accounts.
Mark Cuban paid his way through college with a variety of side hustles. Sam Chason and Matt Gronberg are two former Wake Forest University classmates who founded their business, Storage Scholars, in 2017. Now, Storage Scholars is now a full-fledged business that operates at 48 schools across the U.S. Their pitch generated interest from multiple Sharks, but Chason and Gronberg clearly seemed most interested in partnering with Cuban. "I know that college debt is a big thing to you, you've been very outspoken about it," Gronberg told Cuban.
In fact, it might not be long before you're attending a virtual work meeting with lifelike, 3D representations of your colleagues. That's the future Google is working toward: The company says it's expanding testing of its Project Starline, 3D video call booths where you can chat with holographic versions of your friends, family or coworkers. Google has not yet revealed its ultimate plans for the technology, including whether it'll eventually look to sell the 3D video booths to companies, consumers or both. In offices, the booths could theoretically be useful for meetings with remote workers, job candidates or corporate clients in other countries. Bill Gates has predicted that within a few years, "most virtual meetings" could take place in the metaverse, using those types of digital avatars.
Winning enough money to never have to work again might be reason enough to shell out a few dollars for lottery tickets — and the Powerball and Mega Millions jackpots are currently worth nearly $1 billion combined. But horror stories of lottery winners who mismanaged their jackpots and ended up losing it all abound. You might rightly wonder: How large of a jackpot would actually be enough to support you for the rest of your life? Pagliarini is a certified financial planner who specializes in advising lottery winners on how to manage their sudden wealth. How big of a jackpot do you need to quit your job and retire early?
And if you're lucky, you might win $1,000 just by getting into that baseball spiritJewelry retailer Shane Co. is offering $1,000 to "the biggest baseball fan in the world," in exchange for binge-watching the 10 greatest baseball movies of all time, as selected by the company. If you're intrigued, you'll need to fill out a form that asks you to explain why you should be chosen. The form also asks: "If you could be a part of one team from any baseball movie, which would it be and why?" If you're selected, you'll need to give the company your thoughts on each of the 10 movies by December 5 to get the $1,000 prize. Meanwhile, if you don't have access to the films, don't worry: if you win, you'll also receive a $50 Amazon gift card that you can use to rent each movie.
The idea of bidding against the second-richest person in the world is understandably intimidating, even if you're legendary former NBA big man Shaquille O'Neal. O'Neal, a 7-foot-1 Hall of Famer, says Bezos' massive net worth "scared" him away from his plans to make a bid for ownership of the NBA's Phoenix Suns. "Nobody on this planet can compete with Big Man JB," O'Neal told TMZ Sports on Saturday, referring to Bezos, adding: "Because you know what? Bezos is one of multiple billionaires reportedly considering a bid for the Suns, according to ESPN. The Suns franchise is currently worth $1.8 billion, and could reportedly sell for at least $2.5 billion, according to a recent Forbes report.
Unsurprisingly, Apple hasn't yet publicly touted any plans for the metaverse , a term typically used to describe virtual reality (VR) platforms where people can interact, work, shop and play games using immersive technology like a virtual reality headset. "I always think it's important that people understand what something is," the Apple CEO told Dutch publication Bright on Friday. Instead, he's pushed his company's plans around augmented reality (AR), where virtual elements and images are superimposed onto the real world. "I think AR is a profound technology that will affect everything," Cook said. "Zoom out to the future and look back, you'll wonder how you led your life without augmented reality," Cook said.
When Mark Cuban says he loves inspiring people — even kids — to start their own business, he can relate: The billionaire investor got his own start with a side hustle at age 12. The topic comes up more than you might expect, Cuban says: His favorite part of being on ABC's "Shark Tank" isn't how much money he makes from his investments, or even the platform the show gives him. It's how the show inspires other people to start their own business — no matter how old they are. That's because the show goes beyond seeing other people start businesses on TV: Viewers also get a mini-business tutorial with each televised pitch, he said. "Maybe they don't have a business education, but you can learn so much watching 'Shark Tank,'" Cuban said.
After 13 seasons on ABC's "Shark Tank," Mark Cuban estimates that he's had about as many hits as misses. Cuban says his "Shark Tank" deals aren't always solely about bringing in big financial returns. "I'm good with that with my 'Shark Tank' companies," Cuban wrote on Twitter in July. In July, Cuban told the "Full Send" podcast that he's taken a net loss on all of his "Shark Tank" investments so far. But that doesn't account for all the ongoing, operating businesses and their valuations," Cuban told CNBC Make It at the time.
If you're looking for your next absorbing and informative business-centric read, then the Financial Times has you covered with the newly unveiled shortlist for the publication's 2022 Business Book of the Year Award. On Thursday, the Financial Times announced six finalists for this year's award, all of them published between Nov. 16, 2021 and Nov. 15 of this year. The Financial Times review calls the book "in part a well-written, well-paced thriller. In "Influence Empire," Bloomberg tech reporter Lulu Chen uses insider interviews to track Tencent's rise to become a nearly $360 billion company. His latest book, "The Power Law," looks at the role venture capitalists have played in shaping Silicon Valley and the tech industry overall.
If you're a small business owner, you've probably had a turbulent past few years. The result has been something of a mixed bag: Small business owners nearly doubled their revenues between July 2021 and July 2022, according to a new report from Kabbage, the small business lender owned by American Express. However, while revenues grew by 87% over that time, small businesses' profits were almost stagnant during that period, actually dropping by 4%. Seventy-five percent of the 550 small business owners and operators that Kabbage surveyed said inflationary pressure had affected their bottom line over the past year. And 56% of respondents expect to continue feeling the crunch from inflation through at least the summer of 2023.
If you've ever imagined a future filled with flying cars, your dream might be getting slightly closer to reality. Chinese researchers at Southwest Jiaotong University in Chengdu, Sichuan province, performed road tests last week for modified passenger cars that use magnets to float 35 millimeters above a conductor rail, according to Chinese state news agency Xinhua. The researchers outfitted the sedans with powerful magnets on the vehicle floors, allowing them to levitate over a conductor rail nearly five miles in length. Eight cars in total were tested, with one test reaching speeds of roughly 143 miles per hour, according to the report. But Deng Zigang, one of the university professors who developed the vehicles, told the state news agency that using magnetic levitation for passenger vehicles has the potential to reduce energy usage and increase the vehicles' range.
Over more than a decade on ABC's "Shark Tank," billionaire Mark Cuban has seen his share of good investments — and bad ones. Last week, Cuban told the "Full Send" podcast that after investing nearly $20 million in 85 startups on "Shark Tank," he's taken a net loss across all of those deals combined. In 2013, an entrepreneur named Charles Michael Yim went on "Shark Tank" to pitch his product, the Breathometer, as "the world's first smartphone breathalyzer." Charles Michael Yim pitches the Breathometer on ABC's "Shark Tank" in 2013. "It was a great product," Cuban said last week.
23 Black leaders who are shaping history today
  + stars: | 2021-02-01 | by ( Courtney Connley | ) www.cnbc.com   time to read: +39 min
Following the lead of trailblazers throughout American history, today's Black history-makers are shaping not only today but tomorrow. —Cory StiegRosalind Brewer, 58, Walgreens' next CEO and only Black woman to currently lead a Fortune 500 firmWalgreens' next CEO Rosalind Brewer. When she steps into this new role, she will be the only Black woman currently leading a Fortune 500 firm, and just the third Black woman in history to serve as a Fortune 500 CEO. "When you're a Black woman, you get mistaken a lot," she said during a 2018 speech at her alma mater, Spelman College. —Tom Huddleston Jr.Jason Wright, 38, first Black president of a National Football League teamWashington Football Team president Jason Wright.
Persons: Shirley Chisholm, John Lewis, Maya Angelou, Mary Ellen Pleasant, Kamala Harris, Gene Kim, Harris, Shyamala Gopalan Harris, Shyamala, , — Cory Stieg Rosalind Brewer, Rosalind Brewer, Ursula Burns, Mary Winston, Brewer, Kimberly, Clark, she's, — Courtney Connley, Kizzmekia, Corbett, Kizzmekia Corbett, Anthony Fauci, Fauci, Dr, — Cory Stieg Victor J, Glover , Jr, Victor Glover, Amanda Gorman, Joe Biden, Gorman, Abraham Lincoln, Martin Luther King Jr, Lady Jill Biden, Robert Frost, Oprah, Angelou, — Jennifer Liu, Amanda Gorman's, Raphael Warnock, Georgia's, Kelly Loeffler, Warnock, Ebenezer Baptist Church —, — Abigail Johnson Hess Rashida Jones, Rashida Jones, Jones, Kristen Welker, Carole Simpson, Nicolle Wallace's, Dorothy Tucker, Brown, — Taylor Locke Sandra Lindsay, Sandra Lindsay, Lindsay, She's, I'm, Jade Scipioni Nicholas Johnson, Princeton's, Nicholas Johnson, Princeton University's, Johnson, William Massey, — Abigail Johnson Hess Cynthia, Cynt, Marshall, Cynthia Marshall, Cynt Marshall, George Floyd, Marshall —, Mark Cuban, Scipioni, Cynthia Marshall's, Dallas Mavericks Cori Bush, Missouri's, Missouri, Cori Bush, Michael Brown, Ferguson, William Lacy Clay Jr, Bush, Essence.com, I've, he's, Louis, Clay, — Jennifer Liu Alicia Boler Davis, Amazon's, Jeff Bezos Alicia Boler Davis, Alicia Boler Davis, Boler Davis, Jeff Bezos, alums, Jennifer Liu, Noah Harris, Harvard Noah Harris, Harvard's, It's, we've, Fentrice Driskell, Du Bois, — Abigail Johnson Hess, Harvard Mellody Hobson, Mellody Hobson, Ariel Investments, Hobson, — Courtney Connley Sydney Barber, Sydney Barber, Barber, Ms, Janie Mines, wasn't, Mines, Jesse Collins, Collins, Indiewire, " Collins, Jennifer Liu Nia DaCosta, Nia DaCosta, Marvel, DaCosta, Nora Ephron, Jordan Peele, Peele, — Tom Huddleston Jr, Aicha Evans, Zoox, Evans, Jason Wright, Wright, He's, Dan Snyder, — Emmie Martin Dana Canedy, Dana Canedy, Simon, Simon & Schuster, Dana Canedy's, Canedy, Denzel Washington, Alicia Adamczyk, Schuster Bozoma Saint John, Saint John, Beyonce, Kanye West, Nicki Minaj, Michael Jackson, — Courtney Connley Cheick Camara, Ermias Tadesse, Cornell University's, Cheick Camara, Ermias Organizations: CNBC, White, South, Latina, Howard University, Alpha Kappa Alpha Sorority, Inc, Democrat, United States Senate, U.S, Walgreens, Fortune, Starbucks, Walgreens Boots Alliance, Xerox, Bed, Sam's, Walmart, Nonwovens, Spelman College, Moderna, National Institute of Allergy, National Urban League, FDA, Vaccine Research, University of North, Space Station, NASA, Capitol, LA, Poet, Harvard, Georgia, Black, Morehouse College cum, Ebenezer Baptist Church, United, MSNBC, University of Missouri's School of Journalism, NBC, ABC News, National Association of Black Journalists, Jewish Medical Center, Northwell, Long, Pfizer, Pew Research Center, Princeton, Massachusetts Institute of Technology, NBA Dallas Mavericks, Dallas Mavericks, NBA, Mavericks, Congress, Senate, Democratic, Green New Deal, General Motors Institute, GM, Amazon, Employees, Amazon's, Ariel Investments, Ariel, Financial Planning's Diversity, Princeton University, JPMorgan, Lucas Family Foundation, Hobson College, Naval, U.S . Naval Academy, U.S . Naval, Naval Academy, Academy, Super, Super Bowl, Jesse Collins Entertainment, ViacomCBS Cable Networks, BET, CMT, Comedy Central, MTV, Paramount Network, VH1, Marvel, Marvel Studios, Marvel Universe, Tribeca, Wall Street, George Washington University, Intel, Financial, Automotive News, National Football League, Washington Football, Washington Football Team, National Football, NFL, Atlanta Falcons, Cleveland Browns, Arizona Cardinals, University of Chicago, McKinsey & Company, Washington, Morning, Simon &, New York Times, Jordan, Crown Publishers, New Yorker, Netflix, Saint, Longtime, Endeavor, Uber, Apple, PepsiCo, BlackGen Capital, Cornell, BlackGen Locations: United States, Oakland , California, India, America, White, California, University of North Carolina, Chapel, Los Angeles, Georgia's, Savannah , Georgia, Ebenezer, Long, New York, Queens , New York, Jamaica, Princeton, Montreal, Canada, Spring, Missouri, Louis, St, Detroit, Hattiesburg , Mississippi, Florida, Chicago, U.S, Lake Forest , Illinois, Sydney, mull, Senegal, Zoox, Charlottesville , VA
Photographer: Bronte Wittpenn/Bloomberg via Getty ImagesIn 1989, a couple from Long Island, New York paid roughly $100 for an unclaimed storage unit. Actors Barbara Bach and Roger Moore, stars of the James Bond film "The Spy Who Loved Me," sit on the 1976 Lotus Esprit. But after they loaded the car onto a truck and set off for home, truckers contacted them via CB radio to let them know they were hauling a James Bond car, according to Redenius. National Motor Museum | Heritage Images | Getty ImagesMusk said he'd grown up watching the Bond movie. The 1976 Lotus Esprit, known as "Wet Nellie," that was used in the James Bond film "The Spy Who Loved Me."
Seven years ago, Larry Lubarsky was a 31-year-old high school dropout who had no money saved and was $100,000 in debt. Lubarsky buys products — like electronics, beauty supplies or toys — in bulk and then re-sells them on Amazon for a profit. "I had no idea that selling on Amazon was even a thing," Lubarsky says of his first brush with the business. Starting his own businessThe windfall from his cut of that Amazon business got Lubarsky back on his feet. He rented his own apartment in Brooklyn and in 2014, used his newly acquired expertise to launch his own Amazon business.
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