Accuracy of Theranos blood tests at heart of Elizabeth Holmes’ criminal case

Former Theranos CEO Elizabeth Holmes attends pre-trial hearing in the U.S. government’s fraud case against her on May 5, 2021. CNBC Former Theranos CEO Elizabeth Holmes promised a technology breakthrough, but it was really a house of cards, prosecutors said during a court hearing on Wednesday. “Miss Holmes went out, told the world and told investors: … Read more

Venture capitalist Alan Patricof: Capital gains tax hike would not change investor behavior

Alan Patricof, a longtime tech investor and Democratic donor, told CNBC on Monday he is not concerned about the prospect of higher capital gains taxes for wealthy Americans. In an interview on “Closing Bell,” the co-founder of venture capital firm Greycroft did not throw his support behind a specific rate for the capital gains tax. … Read more

Leon Cooperman sees stock market lower a year from now due to tax, rate, inflation pressures

Billionaire investor Leon Cooperman told CNBC on Friday he expects the stock market will be lower than current levels one year from now. Cooperman’s comments came one day after the S&P 500 notched yet another record close in 2021, finishing Thursday’s session at 4,211.47. The broad equity index has risen roughly 12% year to date and … Read more

Palantir CEO Alex Karp earned cash and stock worth $1.1 billion last year

Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly … Read more

‘Tacky’ to ‘demoralizing’: Travel writers share their biggest ‘bucket list’ disappointments

So-called bucket list destinations come with big expectations — and often big crowds too. While overtourism can ruin many a holiday destination, it’s not the only reason vacations miss the mark. Here, travel writers who contribute to CNBC’s Global Traveler share the worst disappointments of their professional careers. Stonehenge, UK “Although I may have my … Read more

Tech billionaires are obsessed with climate change — but some question if they’re focusing on the right areas

Combination: Jeff Bezos (L), Elon Musk (C) and Bill Gates (R). Reuters Climate change appears to be high on the agenda for tech billionaires like Elon Musk, Jeff Bezos and Bill Gates but some are questioning whether they’re focusing their efforts on the right areas. Broadly speaking, the three richest tech billionaires — who rank … Read more

Asia is the world’s most expensive region for the wealthy. Here’s how 25 global cities stack up

Asia continues to be the most expensive place in the world to be rich, according to a new report, which saw the region’s resilience to the Covid-19 pandemic hold high prices steady. The world’s most populous continent remained the most costly for high-and ultra-high net worth individuals (HNWIs) in Bank Julius Baer’s Global Wealth and … Read more

Here’s what it costs to work remotely in 4 global hotspots

Google may be calling people back into the office, but many other companies — not to mention entrepreneurs — are still committed to remote work. From Croatia to Barbados, destinations provide vastly different experiences for foreigners who wish to work from new shores. The weather is usually better (save hurricanes), and costs can be cheaper … Read more

Elizabeth Holmes trial delayed because she’s pregnant

Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images Former Theranos CEO Elizabeth Holmes, whose criminal fraud trial was scheduled to start in July, … Read more

Beeple, who just sold an NFT for $69 million, says we’re only scratching the surface of what the tech can do

People have really just scratched the surface when it comes to non-fungible tokens (NFTs), Mike Winkelmann, a digital artist who goes by Beeple and recently sold a piece for $69 million, told CNBC on Friday. “I really think this is a technology that has just so many use cases,” Winkelmann said in a “Squawk Alley” … Read more