Warren Buffet, the third-richest person in the world, is also one of the most frugal billionaires. Here’s how he makes and spends his fortune.

Warren Buffet, the third-richest person in the world, is also one of the most...

Following is a transcript of the video. Narrator: In 2018, Warren Buffett's net worth stood at $88 billion, making him the third-richest person in the world. But Buffett doesn't spend like his billionaire peers. He lives in the same house he bought in the '50s and doesn't make lavish purchases. He's even portrayed as frugal…
The growth rate of Amazon’s ad business is plunging but revenue is still up

The growth rate of Amazon’s ad business is plunging but revenue is still up

Amazon's ad business is steadily growing but not as quickly as it has in the past. During the first quarter of 2019, Amazon made $2.7 billion from advertising, which is labeled as a line item called "other." The ad revenue represents 36% year-over-year growth but is a dip from the $3.4 billion Amazon reported during…
The CMO of Lowe’s says the company’s plan to win over pros requires admitting past weakness — and it may be the key to breaking Home Depot’s dominance

The CMO of Lowe’s says the company’s plan to win over pros requires admitting...

Lowe's has its eyes on the pros. The home-improvement retailer is launching its first-ever national television spot targeted specifically at home-improvement professionals. Professionals tend to be more brand-conscious than their do-it-yourself counterparts. That's a big reason why Home Depot has traditionally clobbered Lowe's when it comes to the pro market, as Wedbush Securities analyst Seth…
North Korea demanded $2 million from the US for hospitalizing Otto Warmbier, who went into a mysterious coma

North Korea demanded $2 million from the US for hospitalizing Otto Warmbier, who went...

North Korea demanded $2 million from the US for medical care provided to Otto Warmbier, a US college student who was detained in Pyongyang, where the young man slipped into a mysterious coma from which he would never awake, the Washington Post's Anna Fifield reports. North Korea required the US to agree to paying the…
Elon Musk’s prediction that it will have a robo-taxi service ready by the end of 2020 is a ‘publicity stunt,’ an expert says

Elon Musk’s prediction that it will have a robo-taxi service ready by the end...

Tesla CEO Elon Musk said on Monday that the electric-car maker's vehicles will be ready to take part in an autonomous taxi service by the end of 2020. The vehicles will be able to drive anywhere without any restrictions, Musk said during an event for investors, a feat no company has achieved. (Though Musk acknowledged…
Lawyer for JD.com billionaire accused of rape argues that leaked footage undermines his accuser because it shows she wasn’t that drunk

Lawyer for JD.com billionaire accused of rape argues that leaked footage undermines his accuser...

Liu Jingyao, then a 21-year-old undergraduate at the University of Minnesota, is accusing Richard Liu — one of the richest people in China — of forcing her to drink alcohol at a group dinner, assaulting her during her ride home, and raping her in her apartment afterward. The student filed a civil lawsuit against the…
A Silicon Valley VC in the hottest area of healthcare explains what’s driving a surge in interest for mental health startups

A Silicon Valley VC in the hottest area of healthcare explains what’s driving a...

Mental health was once a sleepy arena for venture-capital investments. But that's changing fast, according to researchers at a Silicon Valley venture-capital firm in the hottest area of healthcare. Called Rock Health, the firm is the first fund dedicated solely to an emerging area of healthcare known as digital health. Over the past several years,…
MARKETING MASTERCLASS: Here’s how the top CMOs in the world are driving results

MARKETING MASTERCLASS: Here’s how the top CMOs in the world are driving results

The $221 billion US ad industry is being upended by the rise of digital ad giants, fragmented consumer attention, and marketers' ever-increasing pressure for results. Business Insider regularly interviews the chief marketing officers leading some of the world's best known brands through this challenging landscape. You can read them all by subscribing to BI Prime.…
Former Vice President Joe Biden is running for president in 2020

Former Vice President Joe Biden is running for president in 2020

Former Vice President Joe Biden on Thursday announced he's running for president in 2020. Biden, known affectionately by his supporters as "Uncle Joe," remains popular nationwide and has been pegged as a leading contender for the Democratic nomination for president. He announced his candidacy in a video published early Thursday morning. Read more:If Joe Biden's…
Slack could publicly file its S-1 this week in a major step toward an IPO

Slack could publicly file its S-1 this week in a major step toward an...

Workplace chat app Slack is expected to publicly file the S-1 paperwork for its long-awaited IPO as soon as Friday, Business Insider has confirmed. The timing of Slack's S-1 was first reported by the Wall Street Journal. The timing puts the company on track to go public in May or June. Slack, which was last…

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