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Ivy League annual cost of attendance nears $90k
  + stars: | 2023-03-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIvy League annual cost of attendance nears $90kCNBC's Becky Quick reports on the growing tuition costs at Ivy League Schools.
Longtime investor Ron Baron said he bought the dip in Charles Schwab during Monday's double-digit sell-off, CNBC's Becky Quick reported. The 79-year-old investor said he "modestly increased" his position in the financial name, seeing Monday's pullback as a buying opportunity. Schwab shares fell 11.6% on Monday as investors dumped the financial institution amid fears of a banking crisis in the aftermath of the collapses of tech-focused Silicon Valley Bank and crypto-related Signature Bank. The Westlake, Texas-based financial company defended its financial position, saying it has plenty of access to liquidity and a low loan-to-deposit ratio. Schwab was taking hits along with other financial firms with massive bond holdings of longer maturities.
UBS cuts bonuses while raising pay for CEO Ralph Hamers
  + stars: | 2023-03-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS cuts bonuses while raising pay for CEO Ralph HamersCNBC's Becky Quick reports on news from UBS and Japan.
Billionaire Warren Buffett is famously frugal. The Berkshire Hathaway CEO still resides in the five-bedroom home in central Omaha, Nebraska, he purchased for $31,500 in 1958, which is about $329,505 in today's dollars. "He's authentic," says CNBC's Becky Quick, who has a longstanding relationship with Buffett and interviews him frequently. Located in a quiet neighborhood of Omaha, Nebraska lies the home of billionaire Warren Buffett. Orjan F. Ellingvag | Getty ImagesBuffett doesn't plan on trading his Omaha home for a more luxurious one any time soon.
Women at Work Survey: Here's why women are leaving their jobs
  + stars: | 2023-03-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWomen at Work Survey: Here's why women are leaving their jobsCNBC's Becky Quick reports on a new survey regarding women in the workplace.
Their latest Gen Z salary transparency report found that, after surveying 1,853 Gen Z jobseekers, women expect a $6,200 lower average salary compared to men. "I was surprised that women are still asking for less money and have lower salary expectations," Workman tells CNBC Make It. Though women have historically been paid less than men, the gap has narrowed significantly since 1960. What's more, for every dollar paid to white dads, Black, Native American, and Latina moms earn 52 cents, 49 cents, and 47 cents, respectively. Several states, cities, and counties across the country have already passed legislation making salary transparency a requirement, including California, Colorado, Connecticut, Maryland, Nevada, Rhode Island, Washington and New York City.
CNBC's Becky Quick has reached what she considers the pinnacle of her career, now at the top her her game in a job that she loves. Though these are typically considered "the jobs nobody wants to do," Quick says that she still did them to the best of her ability. "You do those jobs, and if you do them really, really well, people are grateful and they will give you opportunities to try other things. Quick also says that the best career advice she ever received was to simply show up. In terms of her best practices, Quick lives by a centuries-old mantra: the early bird gets the worm.
It's just ridiculous that anybody would buy this stuff," Munger, 99, told CNBC's Becky Quick during a livestream of the event, adding: "It's totally absolutely crazy, stupid gambling." "I think the people who oppose my position are idiots, so I don't think there is a rational argument against my position," he said. Munger's comments come amid an avalanche of problems for crypto investors over the past year. He's previously urged the U.S. government to ban cryptocurrencies, and may partially get his wish as the crypto industry faces rising regulatory crackdowns. "In other words, an adviser may custody crypto assets at a bank, but banks are cautioned by their regulators not to custody crypto assets," Uyeda wrote.
Watch Charlie Munger speak at the Daily Journal annual meeting
  + stars: | 2023-02-15 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Charlie Munger, a shareholder and board member for The Daily Journal, is set to speak at the newspaper's virtual annual meeting Wednesday. Munger stepped down from his chairman title at the Los Angeles-based Daily Journal last year. Daily Journal's annual meetings typically feature hours of Q&A with Munger, drawing attention from investors and admirers around the globe. Munger is also the vice chairman of Berkshire Hathaway and a longtime business partner of Warren Buffett. He recently penned an op-ed in the Wall Street Journal, urging the U.S. to follow in China’s footsteps and ban cryptocurrencies.
CNBC Anchors Share Their Stories Of Ambition
  + stars: | 2023-02-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Anchors Share Their Stories Of AmbitionAndrew Ross Sorkin, Becky Quick, Joe Kernen, Jon Fortt, Melissa Lee, Kelly Evans and Tyler Mathisen share what ambition means to them and how CNBC fuels its ambitious audience every day.
Becky Quick On The Relationship With CNBC's Audience
  + stars: | 2023-02-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBecky Quick On The Relationship With CNBC's AudienceThe Squawk Box co-host shares what makes CNBC difference and her ambition to give the audience the information they need every single day.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPepsi beats earnings estimates, announces dividend raise and new buyback planCNBC's Becky Quick looks at Pepsico's quarterly earnings results.
Billionaire Ron Baron was promised he would make "two to three times" his money when he invested $100 million in Tesla CEO Elon Musk's take-private deal for Twitter, Baron said Tuesday on CNBC's "Squawk Box." Baron has long been bullish on Tesla, telling CNBC's Becky Quick that Musk made Baron "$5 billion so far, on a $400 million investment." In 2021, the billionaire investor told CNBC that he held almost 6 million Tesla shares through his investment firm, Baron Capital. Baron's $100 million Twitter investment was predicated on his longtime faith in Musk as an executive and in his marketing expertise. "Everyone else spends $1,000 to market a car, he spends nothing, because everyone knows Twitter."
Baron has long been bullish on Tesla, telling CNBC's Becky Quick that Musk made Baron "$5 billion so far, on a $400 million investment." In 2021, the investor told CNBC that he held almost 6 million Tesla shares through his investment firm, Baron Capital. Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested he would make multiples in return for his $100 million investment in Musk's take-private deal for Twitter . Baron's $100 million Twitter investment was predicated on his longtime faith in Musk as an executive and in his marketing expertise, he said. Correction: Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested Baron would make multiples in return for his $100 million investment in Musk's take-private deal for Twitter.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden administration to end Covid public health emergency on May 11CNBC's Becky Quick reports on the Biden administration's plan to end the Covid public health emergency this spring.
Kevin O'Leary said he previously made $15 million as a brand ambassador for FTX. The "Shark Tank" host testified to the Senate Banking Committee earlier this week about his involvement with the company. O'Leary is among several celebrity defendants listed in a class-action lawsuit from FTX investors. "[New FTX CEO] John Ray doesn't have them yet. In the same interview, O'Leary also defended himself against comments from Binance CEO Changpeng Zhao, who called the "Shark Tank" television host a "liar."
"Shark Tank" star Kevin O'Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC's "Squawk Box" on Friday. The justice system provides the presumption of innocence unless proven otherwise," O'Leary responded when asked why he didn't more stridently condemn Bankman-Fried. The former FTX CEO was arrested by Bahamian authorities earlier this week, pending extradition and trial to face charges in U.S. federal court. "No," O'Leary said, stating that his bitcoin investing began years before his ambassadorship for FTX, in 2018. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."
Binance's Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. The latest issue looming over Binance is FTX's bankruptcy proceedings. In exiting its equity position in the company last year, Binance received payment equal to roughly $2.1 billion. Binance's native token, BNB, has fallen 15% in the past week, including a drop of over 6% in the past 24 hours. BNB, first minted in 2017, is the world's fifth most valuable cryptocurrency, with a market cap of about $39 billion, according to CoinMarketCap .
Binance chief executive Changpeng "CZ" Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX's bankruptcy proceedings, in an appearance on Squawk Box Thursday morning, and told CNBC that he trusted his lawyers to handle the proceedings. "Would you be able to handle it if somebody asked you for $2.1 billion back," CNBC's Becky Quick asked him. Sorkin asked Zhao. Zhao told Sorkin that the repayment was a combination of BUSD , BNB , and FTT tokens. Zhao claimed that the FTT portion of the repayment was significant but that the company had "forgotten" about it.
"I've got a personal pride in how my kids turned out," Buffett told CNBC's Becky Quick. This is the ultimate endorsement in my kids, and it's the ultimate statement that my kids don't want to be dynastically wealthy." The 92-year-old investor donated 1.5 million Class B shares of his conglomerate to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. In June, he gave 11 million Class B shares to the Gates Foundation, 1.1 million B shares to the Susan Thompson Buffett Foundation and 770,218 shares apiece to his children's three foundations.
Warren Buffett donates $750 million to his family charities
  + stars: | 2022-11-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett donates $750 million to his family charitiesBillionaire investor Warren Buffett donated more than $750 million to his family charities this week. CNBC's Becky Quick breaks down the details.
Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk's electric vehicle company Tesla , calling it an amazing feat in the American auto industry. "I was certainly surprised that Tesla did as well as it did," Munger said in an interview with CNBC's Becky Quick that aired on "Squawk Box" on Tuesday. "We haven't had a successful new auto company in a long, long time. What Tesla has done in the car business is a minor miracle," Munger added. Listen to the full interview with Munger on the Squawk Pod podcast.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharlie Munger weighs in on crypto collapse: We do not need currency for kidnappersBerkshire Hathaway Vice Chairman Charlie Munger joins CNBC's Becky Quick to weigh in on the fallout of crypto exchange FTX.
Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malicious combination of fraud and delusion. The country did not need a currency that was good for kidnappers," Munger said in an interview with CNBC's Becky Quick. I think that's totally crazy. Partly fraud and partly delusion. "Good ideas, carried to wretched excess, become bad ideas," Munger said.
Berkshire's Munger doubles-down on crypto criticism
  + stars: | 2022-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire's Munger doubles-down on crypto criticismCNBC's Becky Quick joins 'Squawk on the Street' to discuss crypto skepticism with Berkshire's Charlie Munger, with new concerns fueled by the FTX collapse.
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