Billionaire entrepreneur Elon Musk recently announced his next adventure, Neuralink, a company focused on developing an implant that would allow the human brain to communicate directly with tech devices. It’s the most recent innovation for the PayPal, Tesla and SpaceX co-founder whose ambitions started when he was a child with a love of books. When asked by interview series Foundation how he got to where he is today, Musk responded, “I read a lot of books and talked to a lot of people.” One of M

The stream is slated to start at 12 p.m. U.K. time (7 a.m. British lawmakers are currently debating in Parliament whether the U.K. should have an early general election, after a recent call from Prime Minister Theresa May. On Tuesday, the British leader surprised many by announcing that the country was in “need (of) a general election and we need one now”, arguing that the U.K. now has a “one-off opportunity” to form a unified government. If the snap election does happen, May stated that it woul

British luxury brand Burberry reported a slight slowdown in its fourth-quarter comparable sales growth rate, as tough conditions in the United States weighed on an “exceptional” performance in its home market. Burberry said the British market remained strong and it reiterated its full-year profit target, helped by the boost from the weak pound. But comparable sales growth rose just 2 percent in the fourth quarter, below an analyst forecast of 3-4 percent growth, and below a third-quarter rise of

No longer content just serving as Swedish meatball pit stops, Ikea’s restaurants may be getting their own standalone locations. While the furniture giant has not yet released the details of where or when these independent eateries may first appear, it’s something the Swedish company is looking into, a spokesperson confirmed to TODAY Food. Not convinced that people will pop into an Ikea restaurant when they’re not stress-eating while trying to decide on a credenza? Consider this: The furniture gi

President Trump’s message to immigrant communities is clear: We are coming for you, undocumented and authorized immigrants alike. Trump on Tuesday signed an executive order directing a 220-day review of the H-1B visa program, a temporary worker visa program for high-skilled workers. The review is aimed at creating stricter access to the visa program. The proposed budget requests $314 million for the hiring of 500 new Border Patrol agents and 1,000 new Immigration and Customs Enforcement (ICE) of

Morgan Stanley’s chief executive didn’t just hit his return target with a $1.8 billion first-quarter earnings showing. Morgan Stanley’s 96 percent jump in fixed-income trading was easily the best of the batch of Wall Street’s bulge-bracket results. By contrast, Morgan Stanley claimed buoyant conditions fueled its outperformance, as did JPMorgan. Fixed-income trading was not the only battlefield where Morgan Stanley emerged victorious last quarter. Gorman’s teams also more than doubled underwriti

Fewer homebuyers jumped into the mortgage market last week even though interest rates hit their lowest levels in five months. Total mortgage applications decreased last week by 1.8 percent from the previous week, according to the Mortgage Bankers Association. “Mortgage rates dropped to their lowest level since November 2016, as geopolitical tensions continued to rise,” said MBA chief economist Mike Fratantoni. Refinance applications increased only slightly by 0.2 percent from a week ago, but are

As decision day approaches for high-school seniors, students and their families will have to figure out which college is worth their money. Compensation data company PayScale crunched the numbers to come up with its own answers based on a school’s return on investment. The average ROI for engineering schools was $653,000 compared with less than $157,000 for liberal arts colleges. “Most high school seniors don’t have perspective on how much they will make after they graduate college,” Frank said.

Snapchat recently introduced new “3D lenses” that you can overlay on top of the real world. It’s very much augmented reality, allowing you to place something like a rainbow right on your desk. It works a bit like the face filters, with impressive rendering and even realistic effects like shadows, but takes advantage of the rear camera instead of your front-facing selfie camera. It’s Snapchat’s latest attempt to keep its users addicted, and it’s pretty fun to mess around with. Let’s take a tour.

That’s compared to their adjusted ongoing effective operating tax rate of about 15 percent. Martin Schroeter, IBM’s chief financial officer, told CNBC on Tuesday that the company was “not solely focused” on delivering earnings growth. But IBM shares traded 5 percent lower midday on Wednesday. “This set of results fundamentally teaches us the multiyear transition, and the painful transition that IBM is going through,” Garcha said. Disclosure: Credit Suisse owns a greater than 1 percent stake in I

BlackRock, the world’s largest money manager, reported first-quarter earnings on Wednesday that beat analysts’ expectations, but missed on revenue. Here’s what firm reported versus what the Street was expecting:EPS: $5.25 versus $4.89 per share expected by Thomson Reuters analysts’ consensus. Revenue: $2.82 billion versus $2.87 billion by Thomson Reuters analysts’ consensus. The company said its iShares exchange-traded funds franchise saw record quarterly inflows of $64 billion. “Alpha generatio

Goldman Sachs shocked the Street this week with its first earnings miss since 2015 and its first sales disappointment since last year. Weighing on Goldman’s results were flat sales from bond, currency and commodities trading and a 6 percent drop in equities trading revenue. Morgan Stanley shares dropped nearly 1 percent on Goldman’s miss. Morgan Stanley’s stock, along with other bank shares, has hit a rough patch over the past month, dropping about 9 percent in that time period. The benchmark 10

Citi Research raised its rating for Goldman Sachs shares to neutral from sell, saying the bank’s first-quarter poor trading results were likely an anomaly. The bank missed Wall Street expectations on both sales and earnings. “While 1Q fixed income trading results were disappointing, we believe it would be a mistake for investors to extrapolate these results,” analyst Keith Horowitz wrote in a note to clients Wednesday. “Goldman’s relative valuation within the group is more appropriate now than i

Shares of Intuitive Surgical hit an all-time high Wednesday morning after the maker of the da Vinci surgery robot reported first-quarter earnings and sales that beat Street estimates. Intuitive Surgery had adjusted profit of $4.42 per share and revenue of $595 million a year earlier. Global da Vinci procedures’ nearly 18 percent increase over the year was driven primarily by growth in U.S. general surgery procedures and worldwide urologic procedures, the company added. Intuitive Surgery has been

Oh, you didn’t think millionaires worried about that stuff? Well, how do you think they became millionaires? For an invisible majority, accumulating wealth isn’t about a massive inheritance, family name or success in the entertainment industry. Most (multi)millionaires work and budget just like the rest of us — only smarter. 6 ways to save money like a millionaireIf you want to actually live like a millionaire, here are six ways to save money our favorite frugal millionaires actually employ:

Slack, Asana and Trello are three excellent examples of tools that can help you run a remote team. Encourage camaraderieIt’s so important to have at least some social interaction among remote workers. Treat remote workers with respectAgain, this should go without saying, but there is a tendency, especially when dealing with outsourced help, to take it for granted. If you are fortunate enough to find remote workers who do their job consistently well, it behooves you to pay them fairly and treat t

Democrat Jon Ossoff , a 30-year-old former congressional staffer, fell a few percentage points shy of an outright victory amid an 18-candidate scramble in Georgia’s 6th Congressional District. Republican Karen Handel, a former Georgia secretary of state, finished a distant second, qualifying for the June 20 runoff. But the matchup in greater Atlanta’s northern suburbs is just as much about Ossoff and Handel acting as proxies for the nation’s roiled political atmosphere. Having already endured se

Network executives were preparing to announce Bill O’Reilly’s departure from Fox amid sexual harassment complaints against the conservative talk-show host, New York Magazine reported Wednesday. Indeed, later Wednesday, 21st Century Fox announced that O’Reilly was out at Fox News. The board of Fox News’ parent company, 21st Century Fox, was also reportedly scheduled to meet on Thursday to further discuss the matter, The New York Times reported. Fox and O’Reilly have paid $13 million to five women

Rep. Jason Chaffetz, chairman of the key House Oversight Committee, will not seek re-election next year. That said, I have made a personal decision to return to the private sector,” Chaffetz said in the statement. He became chairman of the Oversight Committee in 2015. Critics have said Trump’s far-flung financial holdings give him the potential for unprecedented conflicts of interest that could be investigated by the Oversight Committee. Chaffetz did raise concerns about comments Trump advisor K

Closely watched strategist Mark Grant is again swimming against the tide, warning against investing in European stocks at a time when many Wall Street money managers are advising the opposite. While acknowledging technical and fundamental analyses make European stocks look interesting, “it’s the event-driven horizon — that’s the scary part,” Grant argued. He said he’s concerned about the policies of two of the leading candidates, far-left firebrand Jean-Luc Melenchon and far-right leader Marine