Pop star Rihanna was first discovered as a teen, when American record producer Evan Rogers was visiting her home country of Barbados. After hearing her sing, Rogers helped her record a demo, which eventually made its way to Jay-Z.



Rihanna, whose full name is Robyn Rihanna Fenty, flew to New York to audition in front of Jay-Z. “She was fierce, like Kobe Bryant,”&nbsp;<a href="https://www.rollingstone.com/music/music-news/rihanna-queen-of-pain-117943/" class="">he recalls in an interview with Rolling Stone</a>. “I knew she was a star.”



The 31-year-old music icon has won nine Grammy awards so far. Her makeup line, Fenty Beauty, generated a <a class="" href="https://www.fastcompany.com/company/fenty-beauty">reported $72 million</a> in sales in just its first full month in 2017 and <a class="" href="https://www.nytimes.com/reuters/2019/05/10/business/10reuters-lvmh-rihanna.html">nearly $562 million in sales</a> by the end of 2018. She’s launching a luxury fashion label, also called Fenty, in May 2019.



Though she has&nbsp;<a href="https://www.forbes.com/sites/natalierobehmed/2018/07/16/rihannas-net-worth-210-million-in-2018/#a3fcb274548c" class="">made millions of dollars,&nbsp;</a>Rihanna doesn’t plan on slowing down. “I never thought I’d make this much money, so a number is not going to stop me from working,” she tells&nbsp;<a href="https://www.nytimes.com/interactive/2019/05/20/t-magazine/rihanna-fenty-louis-vuitton.html" class="">T: The New York Times Style Magazine</a>.



Now “I’m working out of what I love to do, what I’m passionate about,” she says.



Lady Gaga has a similar mindset. Pursuing a career as a pop star has never been about the money,&nbsp;<a href="https://www.ft.com/content/0cca76f0-873a-11e0-b983-00144feabdc0" class="">she told the Financial Times in 2011</a>: “The beauty for me about being an artist is that the dream will never die, because I’m not obsessed with material things and don’t care about the money &#8230; but only the love of my fans, so for me it’s about how much more devoted, how much better an artist can I become.”



Money may not be driving her career, or Lady Gaga’s, but profit is still “happening along the way,” Rihanna tells T Magazine. And it has opened up opportunities: “The money means that I can take care of my family. The money means that I can facilitate the businesses that I want to.”



It also means that “I can create jobs for other people. My money is not for me; it’s always the thought that I can help someone else,” says Rihanna. She founded the&nbsp;<a href="https://claralionelfoundation.org/" class="">Clara Lionel Foundation</a>&nbsp;in 2012 to help improve the quality of education and health care for children in impoverished communities.



“The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive,” she continues. “It could literally be walking outside in the sun. That makes me happy.”



This article first appeared on CNBC <a href="https://www.cnbc.com/2019/05/22/rihanna-i-never-thought-id-make-this-much-money.html">https://www.cnbc.com/2019/05/22/rihanna-i-never-thought-id-make-this-much-money.html</a> and is republished with its permission

Rihanna, Lady Gaga: What money means to them

One year on, can GDPR go global? | CNBC Reports

<a href="https://www.cnbc.com/quotes/?symbol=GOOGL" class="">Google</a>&nbsp;has severed business ties with Huawei, in a stunning move that could threaten the smartphone maker’s&nbsp;<a href="https://www.cnbc.com/2019/05/20/google-stops-some-business-with-huawei-could-hit-its-global-smartphone-ambitions.html" class="">global ambitions</a>.



The U.S. tech giant has decided to stop licensing its Android operating system to the Chinese telecommunications firm, in order to comply with a U.S. trade blacklist.



It can however continue to use an open-source version of Android, but won’t be able to integrate key Google services like the Play app store.



CNBC runs through what that means if you own a Huawei phone right now, or are looking to buy one in the future.Longer term impact?



Reuters reported Sunday that Huawei will now lose access to Android updates. That’s pretty significant considering all Huawei phones operate on Android. The operating system powers more than 80% of the world’s smartphones.



Huawei’s new phones will also reportedly lose access to proprietary apps like the Google Play app store, Gmail and YouTube.



But Google said people with existing Huawei devices will still be able to use Google apps and download updates for them.



However the problem could be longer term. Peter Richardson, a research director of tech strategies at Counterpoint Research, told CNBC via email that Huawei will not have access to the new version of Android, code-named Q, that will be launched later in the year.



“The revocation of its Android license will mean that it won’t be able to provide core Google services to its smartphones,” Richardson said.No impact in China



Huawei said in a statement that it will “continue to provide security updates” to all of its existing phones. Meanwhile, there’s also talk of Huawei&nbsp;<a href="https://www.cnbc.com/2019/03/15/huawei-has-built-its-own-operating-system-for-smartphones-laptops.html" class="">developing its own operating system</a>&nbsp;for smartphones and computers.



Experts predict the impact will likely be limited in the short term. The consensus view is that anyone with a Huawei and Honor handset should be safe for now.



“The current devices will continue to support Google services and Google updates,” Francisco Jeronimo, associate vice president for European devices at IDC, told CNBC by telephone. “I think it’s more of a long-term impact than very short term.”



In China, the story is a little different. Consumers there have access to a more limited version of the operating system, which doesn’t come pre-installed with Google services that are blocked there.



“For Chinese consumers, definitely there’s no impact,” Jeronimo says.



International shipments accounted for almost half of Huawei’s overall smartphone sales in the first quarter, according to Canalys data.‘Bad news for Huawei’



For the most part, IDC’s Jeronimo thinks the U.S. and China will reach a trade deal, and Google will be able to resume its licensing arrangement with Huawei. In that case, Huawei customers shouldn’t be impacted.



However, “if this is a real security threat, then it’s a long-term impact,” he said. “The biggest impact will be end of the year for Huawei because that’s the biggest sales season of the year.”



Huawei is yet to launch its latest flagship phone, the Huawei Mate X, which will be its first foray into the world of foldable phones.



The bottom line? “This is bad news for Huawei,” Richardson says, “which has been one of the strongest Android players.”



The Shenzhen-based firm is the second-largest smartphone maker in the world, and the top globally when it comes to telecommunications equipment. But it’s been under intense pressure from Washington amid the U.S.-Sino trade battle.



Most recently, the Trump administration added Huawei to a trade blacklist that blocks it from buying U.S. technology without special approval. And Google hasn’t been the only company distancing itself from Huawei — top chipmakers <a class="" href="https://www.cnbc.com/quotes/?symbol=INTC">Intel</a>, <a class="" href="https://www.cnbc.com/quotes/?symbol=QCOM">Qualcomm</a>, <a class="" href="https://www.cnbc.com/quotes/?symbol=AVGO">Broadcom</a> and <a class="" href="https://www.cnbc.com/quotes/?symbol=IFX-DE">Infineon</a> have also reportedly cut ties with the firm.



This article first appeared on CNBC <a href="https://www.cnbc.com/2019/05/20/what-google-android-move-means-if-you-own-a-huawei-phone.html">https://www.cnbc.com/2019/05/20/what-google-android-move-means-if-you-own-a-huawei-phone.html</a> and is republished with its permission

What Google’s decision to cut ties with Huawei means if you own one of its phones

<a href="https://www.cnbc.com/alexandra-gibbs/"> Alexandra Gibbs</a> <a href="https://twitter.com/alexgibbsy">@ALEXGIBBSY</a> When it comes to building a business from scratch, every entrepreneur is bound to face some form of rejection along the way.



And if they want to keep pushing forward, they’re going to have to get accustomed to receiving these negative responses, says the lead founder of Chinese e-commerce behemoth, Alibaba.



“As an entrepreneur, you have got to get used to being challenged. Having to get used to being said ‘no’ to by the other people, by the investors, by your customers, by people,” said Jack Ma, executive chairman of Alibaba Group&nbsp;<a href="https://www.youtube.com/watch?v=UE9qrsm0-YY" class="">on Thursday.</a>



Yet, rejection should be treated as an opportunity, Ma said, as if everybody initially agrees with your vision or service, then “there is no opportunity.”



“When everybody believes (in) it, you have no chance. When only few people believe it, you believe it, you prove it — that’s your chance.”



Jack Ma, chairman of Alibaba Group (L), speaks during a fireside interview with Maurice Levy, chairman of Publicis Group (R), at the Viva Technology conference in Paris, on May 16, 2019.Marlene Awaad/Bloomberg | Bloomberg | Getty Images



During a fireside chat with Publicis Chairman Maurice Levy at the&nbsp;<a href="https://www.youtube.com/watch?v=UE9qrsm0-YY" class="">Viva Technology conference in Paris</a>, the business magnate explained how when he and the other founders started Alibaba in 1999, they had “almost nothing.”



“I talked to the 18 founders, (and) one of the things we wanted to prove: If Jack Ma and his team can be successful, 80% of people in the world can be successful, because we don’t have money, we don’t have technology, we have almost nothing.”



“The only thing is that we believe in future, and we started to do little by little,” Ma said, adding that he believes that anyone can be successful, if they “really try hard.”



“So, people like us, we are getting used to being criticized. We are getting used to being said ‘no’, people saying ‘no’ to you. When people say ‘yes’ to you, we really appreciate it. (I mean,) why should people say ‘yes’ to you? You have to prove (yourself),” said Ma, adding that the main two groups that you should focus on convincing is your own business team and your customers.



Of course, Ma is no stranger to setback. Over the years, the tycoon has&nbsp;<a href="https://www.cnbc.com/2017/08/09/lesson-alibabas-jack-ma-learned-after-being-rejected-for-a-job-at-kfc.html" class="">talked openly about his encounters with rejection</a>, whether that’s failing to secure any of the 30 jobs he applied for after college,&nbsp;<a href="https://www.cnbc.com/2017/08/09/lesson-alibabas-jack-ma-learned-after-being-rejected-for-a-job-at-kfc.html" class="">including one at KFC</a>, or being turned down by Harvard 10 times.



Yet, with persistence comes growth, and in Ma’s case, success and recognition for his work on Alibaba.



Today, Alibaba is one of the&nbsp;<a href="https://www.alibabagroup.com/en/about/overview" class="">world’s leading wholesale and e-commerce marketplaces</a>, with it serving millions of people around the globe, and having&nbsp;<a href="https://www.alibabagroup.com/en/about/history" class="">expanded from retail</a>, into other industries including entertainment, cloud computing and marketing technology.



Alibaba also&nbsp;<a href="https://www.cnbc.com/2017/09/22/alibaba-is-much-more-than-just-chinas-e-commerce-platform.html" class="">became the first company in Asia to surpass</a>&nbsp;the $400 billion valuation level back in 2017.



“Of course, you’re not happy when people say ‘no’,” he said, adding that you should go and “have a good sleep, wake up and try again.”



This article first appeared on CNBC <a href="https://www.cnbc.com/2019/05/17/jack-ma-discussing-entrepreneurship-and-rejection.html">https://www.cnbc.com/2019/05/17/jack-ma-discussing-entrepreneurship-and-rejection.html</a> and is republished with its permission

Billionaire Jack Ma’s advice to African entrepreneurs on how to deal with rejection

<figure class="wp-block-image"><img decoding="async" src="https://image.cnbcfm.com/api/v1/image/105869402-15561208729911.dronedelivering.jpg?v=1558072365&amp;w=740&amp;h=416" alt="Zipline International 1"/></figure>



Drone-delivery businesses cropped up all over the globe in recent years, but most focused on last-mile logistics for food and retail. The concept of&nbsp;<a href="https://www.cnbc.com/2016/09/08/google-and-chipotle-will-use-drones-to-send-burritos-to-college-students.html" class="">air dropping a burrito</a>&nbsp;to a hungry college co-ed is a fun one. But one drone-delivery business that has pulled ahead of the pack, Zipline, gained commercial traction by flying lifesaving medical supplies to thousands of rural clinics instead.



Now&nbsp;<a href="https://www.cnbc.com/2019/05/14/zipline-international-2019-disruptor-50.html" class="">Zipline</a>, which ranked No. 39 on the 2019&nbsp;<a href="https://www.cnbc.com/2019/05/15/meet-the-2019-cnbc-disruptor-50-companies.html" class="">CNBC Disruptor 50 list</a>, has raised $190 million in venture funding and attained a $1.2 billion valuation from its investors. Its backers include Baillie Gifford, The Rise Fund (which is TPG’s global impact fund), Temasek,&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=GOOGL" class="">Alphabet</a>’s investment arm GV and Katalyst Ventures. The funding brings Zipline’s total capital raised to $225 million.



CEO Keller Rinaudo, who co-founded Zipline with Keenan Wyrobek and William Hetzler in 2011, says that with the new funding, Zipline will be able to set up delivery hubs at 2,600 health facilities in Rwanda and Ghana by the end of this year. And it will soon be making deliveries of medical supplies in the U.S., starting in North Carolina, where it has secured permission from the FAA to do so.



“People think what we do is solving a developing economies problem. But critical-access hospitals are closing at an alarming rate in the U.S., too, especially if you live in the rural U.S. Life expectancy there has declined over the past several years,” Rinaudo said.



According to&nbsp;<a href="https://www.cdc.gov/nchs/nvss/usaleep/usaleep.html#life-expectancy" class="">data from</a>&nbsp;the National Center for Health Statistics,&nbsp;<a href="https://www.cdc.gov/nchs/data/databriefs/db329-h.pdf" class="">drug overdose deaths</a>&nbsp;have been a major factor in lower life expectancy in the U.S, especially in rural areas.



With its recent expansion into Ghana, Zipline is now able to deliver more than 170 different vaccines, blood products and medications to nearly 22 million people.Zipline International



By partnering with health-care facilities, governments and pharmaceuticals businesses, Rinaudo said Zipline aims to provide a much higher level of access to necessary treatments wherever people live.



The company’s drones carry up to about 4 lbs (or 1.75 kg) of cargo, fly at up to 68 mph (or 110 km/hr) in all weather and have a round-trip range of about 99 miles (or 160 km). In Rwanda, Zipline’s drones have flown more than 1 million km and have made more than13,000 deliveries.



Zipline’s efforts illustrate the humanitarian potential of drones. The company anticipates that the additional funding will support global expansion across Africa, South Asia, Southeast Asia and the Americas and position the company to serve 700 million people in the next five years.



Zipline announced in late April that its service, which launched in Rwanda just three years ago, had officially expanded to Ghana, making it the&nbsp;<a href="https://www.cnbc.com/2019/04/24/with-ghana-expansion-ziplines-medical-drones-now-reach-22m-people.html" class="">world’s largest autonomous medical drone-delivery service</a>, covering an area that serves nearly 22 million people.



The $190 million in additional funding was split between a previously unannounced round of $70 million completed in spring 2018, which included Katalyst Ventures, Baillie Gifford, GV, Temasek and Goldman Sachs, and a recent round of $120 million, which included additional investments by Baillie Gifford and new investor The Rise Fund.



This article first appeared on CNBC <a href="https://www.cnbc.com/2019/05/17/zipline-medical-delivery-drone-start-up-now-valued-at-1point2-billion.html">https://www.cnbc.com/2019/05/17/zipline-medical-delivery-drone-start-up-now-valued-at-1point2-billion.html</a> and is republished with its permission

Zipline, which launched in Rwanda, now a unicorn

Why is Spain so unstable? | CNBC Explains

By <a href="https://www.cnbc.com/dave-schools/">Dave Schools, Contributor</a><a href="https://twitter.com/DaveSchoools">@DAVESCHOOOLS</a> 



“Money doesn’t buy happiness.” For most of my life, I’ve found this idea impossible to justify. Anyone who says a million dollars won’t make them happier must be delusional.



Money gives you more control over your life; the freedom to retire early, the security to support yourself and your family, the comfort of buying things and experiences that excite you, the option of saying “yes” when your friends invite you to dinner&#8230;I could go on and on.



So when Yale <a class="" href="https://news.yale.edu/2018/02/20/yales-most-popular-class-ever-be-available-coursera">released</a> its happiness class for <a class="" href="https://www.coursera.org/learn/the-science-of-well-being">free online</a>, I decided to give it a try. <a class="" href="https://www.nytimes.com/2018/01/26/nyregion/at-yale-class-on-happiness-draws-huge-crowd-laurie-santos.html">The New York Times</a> called it the university’s “most popular class ever” — and the <a class="" href="https://www.coursera.org/learn/the-science-of-well-being/reviews">hundreds of people</a> who reported life-changing improvements after taking the class were enough to convince me. Maybe it will change how I spend and think about money, I thought.



The 10-week class, called “The Science of Well-Being,” is taught by Laurie Santos, a professor of psychology and cognitive science. She starts the class by addressing why the things we want in life don’t actually make us happy.



The culprit is a phenomenon called&nbsp;<a href="https://www.apa.org/science/about/psa/2004/04/pelham" class="">“miswantings,”</a>&nbsp;and it refers to the idea that people sometimes “mispredict” how much they’ll enjoy something in the future.Money ≠ happiness. Really?



Santos references several “annoying features of the mind” that influence us to chase after things that don’t really make us happy. Many of the materialistic goals we strive for make little to no lasting impact on our overall life satisfaction, Santos argues. One of the the main misconceptions she addresses is money.



To prove her point, Santos cites a famous&nbsp;<a href="https://www.princeton.edu/~deaton/downloads/deaton_kahneman_high_income_improves_evaluation_August2010.pdf" class="">2010 Princeton study</a>. Researchers analyzed the responses of 450,000 Americans who were&nbsp;<a href="https://www.sharecare.com/static/well-being-index" class="">surveyed</a>&nbsp;about things like their income and whether they were living the best possible life for them. The data showed that while happiness does rise with one’s income, the correlation peaks at about $75,000 per year.



The problem with this study, however, is that it was published nearly a decade ago. Since then, the idea that money doesn’t buy happiness has been disproved by a number of researchers. A 2012 survey by&nbsp;<a href="https://www.townandcountrymag.com/society/money-and-power/a13528013/how-much-money-you-need-to-be-happy/" class="">Skandia International’s Wealth Sentiment Monitor</a>, for instance, found the global “happiness income” to be much higher, at $160,000.



And a more recent&nbsp;<a href="https://www.hbs.edu/faculty/Publication%20Files/donnelly%20zheng%20haisley%20norton_26bec744-c924-4a28-8439-5a74abe9c8da.pdf" class="">Harvard study</a>&nbsp;from 2018 suggested that “great wealth does predict greater happiness” — for millionaires. Researchers found “consistent evidence that somewhat higher levels of wealth are not associated with higher well-being, but substantially higher levels (net worth of $8 million or more) are linked to modestly greater well-being.” (While the majority of us aren’t millionaires, there’s still a good amount of data to imply that happiness, to some degree,&nbsp;is&nbsp;tied to money.)



When I asked Santos what she thought of the studies, she replied, “They’re important, but I don’t think they change the message of the class, which is that high wealth has a teeny effect on happiness. The key is that it’s&nbsp;way&nbsp;less than what we predict, and it’s a lot less effective than the other practices we suggest. ”



Practices like meditation, gratitude and making time for social connections have the biggest effect on our well-being, she says, adding that they’re much easier to attain than trying to bump past the $10 million mark.



Santos continues: “Money doesn’t increase happiness in the way that we think. Our minds are lying to us about how much of an impact extra cash will have on our happiness.”Be more mindful about how you spend money



Later in the class, Santos interviews Elizabeth Dunn, a happiness researcher and the co-author of&nbsp;<a href="https://books.google.com/books/about/Happy_Money.html?id=DSWylrWYrYgC" class="">“Happy Money.”</a>&nbsp;They discuss why spending money on experiences, rather than things, is what makes us happy.



But don’t things generate experiences? And don’t you need money to buy those things? (The experience of driving down a scenic highway makes me happy, so I’ve spent thousands on a car. The experience of traveling makes me happy, so I’ve spent thousands on tickets — not to mention the hotel, food and sightseeing expenses.)



Santos’ response to my point is, “It depends. If you can be mindful of how the new car feels when you drive it — by taking into account the music, how well it drives and so on — a new car can feel like an experience.”



Okay, that makes a little more sense: It’s more about the trade-off. Money can make me happy if I focus on buying things that generate the same positive experience over and over.Our minds are lying to us about how much of an impact extra cash will have on our well-being.



Novel and often short experiences, like an expensive shirt that I’m not going to wear everyday, are less subject to hedonic adaptation. The objective is to keep happiness from fading.New goal: Change my lifestyle and mindset



Santos ends the class this way: “So does money really make us happier? Maybe a little bit. Maybe if you’re in the U.S. and you only earn $10,000 a year, then yes, more money would make you happier.” For the rest of us, however, more money won’t make much of a difference.



Overall, the class changed how I think about money, particularly how I spend it and how much I prioritize it. I’m also working on changing my lifestyle and mindset. While there isn’t a single panacea for happiness, what helps the most is taking action where I’m personally deficient.



Santos advised us to experiment with different practices to see what works best. It’s been a few months since I completed the class, and so far, I’ve found these practices and mindset changes to be surprisingly life-changing:



<ul><li>Learning new skills for a more positive life outcome, not just for money or “advancement” in my career.</li><li>Being kinder by spending money on others, instead of myself.</li><li>Making more time for friends and family, instead of working (on weekends, especially).</li><li>Spending less money on things that aren’t long-lasting, like extravagant gadgets and more bedsheets that I actually need.</li><li>Incorporating healthy habits into my day, such as exercising, journaling and meditation.</li></ul>



Am I fully convinced that money won’t make me happy? Not entirely. It’ll take a lot of effort on my end, but I’m working on it — and that’s a pretty significant leap if you were to compare Old Dave with New Dave.



Dave Schools is a freelance editor and brand storyteller. He is the founding editor of <a class="" href="https://entrepreneurshandbook.co/">Entrepreneur’s Handbook</a>, a top-50 Medium publication, and the co-founder of Party Qs app. His work has appeared in Axios, Inc., Smashing Magazine, The Next Web, Business Insider, Quartz and Crunchbase.



This article first appeared on CNBC <a href="https://www.cnbc.com/2019/05/13/i-took-yales-most-popular-class-ever-and-it-completely-changed-how-i-spend-my-money.html">https://www.cnbc.com/2019/05/13/i-took-yales-most-popular-class-ever-and-it-completely-changed-how-i-spend-my-money.html</a> and is republished with its permission

How Yale’s ‘most popular class ever’— completely changed how I spend my money

What my digital detox taught me about the billion dollar mindfulness industry | CNBC Reports

By <a href="https://www.cnbc.com/emmie-martin/">Emmie Martin</a> 



The stock market&nbsp;<a href="https://www.cnbc.com/2019/05/05/traders-brace-for-sharp-sell-off-on-trumps-tariff-threat.html" class="">dropped sharply Monday</a>, following comments from President Donald Trump that the U.S. will increase tariffs on goods imported from China. But although Berkshire Hathaway CEO Warren Buffett says that an escalation of the U.S.-China trade dispute&nbsp;<a href="https://www.cnbc.com/2019/05/06/warren-buffett-if-we-have-a-trade-war-it-could-be-very-bad-for-the-whole-world.html" class="">&nbsp;“would be bad for the whole world,”</a>&nbsp;he doesn’t plan to change his investing practices based on the news. No matter what happens, “we will buy the same stocks today that we were buying last week,” he told CNBC’s Becky Quick during an interview Monday on&nbsp;<a href="https://www.cnbc.com/squawk-box-us/" class="">“Squawk Box.”</a>



“The cheaper they get, the more I buy,” Buffett said. “I’m not buying them because I think they’re going to go up the next day or the next week. We watch the prices of things we do more than current events.”



That’s because Buffett prefers to invest in companies that he believes will&nbsp;<a href="https://www.cnbc.com/2018/05/04/warren-buffett-invests-for-the-long-term.html" class="">hold their value for the long term</a>. “In the end, we aren’t buying them because of what’s going to happen next month or next quarter,” he explains. “We’re really buying them because we think they’ll be good business 10 years down.”



Regardless of the tariff situation, “if somebody came to us with a good business today, we’d buy it,” Buffett says.



Buffett decides a company is worth investing in because it will last, not because it’s doing well right now. He purchased See’s Candies with longtime business partner Charlie Munger in 1972 and spent&nbsp;<a href="https://www.cnbc.com/id/19851070" class="">more than $1 billion on Coca-Cola stock</a>&nbsp;in 1988 — both of which turned out to be good bets and both of which he still owns today.



“Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value,” Buffett wrote&nbsp;<a href="http://www.berkshirehathaway.com/letters/1996.html" class="">in his 1996 letter to shareholders.</a>&nbsp;“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”



Even when the legendary investor gets bad news about a company he’s invested in, he doesn’t immediately sell his stock. “The stock market is not there to instruct me, it’s there to serve me,” Buffett told Quick during an interview on “Squawk Box” in February.



The topic arose when Quick asked Buffett a viewer’s question about Kraft Heinz. A few days before their conversation, Kraft Heinz, one of Berkshire Hathaway’s largest holdings, had missed on its <a class="" href="https://www.cnbc.com/2019/02/21/kraft-heinz-tanks-after-disclosing-it-was-subpoenaed-by-sec-over-accounting-policies.html">earnings expectations and disclosed that it had received a subpoena</a> from the SEC. After that news broke, the company’s stock plunged 30% and Berkshire Hathaway’s stake <a class="" href="https://www.cnbc.com/2019/02/23/warren-buffett-spun-riches-out-of-chocolate-was-burned-by-kraft-heinz.html">dropped in value by more than $4 billion</a>.



But although Buffett has admitted that&nbsp;<a href="https://www.cnbc.com/2019/02/25/buffett-says-berkshire-hathaway-overpaid-for-kraft-following-last-weeks-stock-plunge.html" class="">“we overpaid for Kraft,”</a>&nbsp;he told Quick he had no plans to sell his stake. His practice is to keep his focus on, and evaluate, the company overall. “If there’s bad news and the stock goes down, the question I have is: Is the long-term valuation changed?” he says.



It’s possible to recover from a setback. The key thing, according to Buffett in February, is “you gotta make sure that it’s still a fundamentally good business.”



As Buffett told Quick on Monday, “If you think about stocks as businesses that you own little pieces of, why in the world should you sell it based on headlines of any sort?”



“If you expect that business to be a good business over 10 years, its nonsense to get feeling good or bad about what stock prices do in a day,” he added.



This article was first published by CNBC <a href="https://www.cnbc.com/2019/05/06/warren-buffett-doesnt-pay-attention-to-the-news-when-he-invests.html">https://www.cnbc.com/2019/05/06/warren-buffett-doesnt-pay-attention-to-the-news-when-he-invests.html</a> and is republished with its permission.

What Billionaire Warren Buffett pays attention to when investing instead of ‘current events’

Why even the Premier League should worry about Brexit | CNBC Sports

By <a href="https://www.cnbc.com/shawn-m-carter/">Shawn M. Carter</a>



Apple&nbsp;<a href="https://www.cnbc.com/2019/05/01/reuters-america-apple-results-beat-sets-eyes-back-on-1-trillion.html" class="">shares gained almost 5%</a>&nbsp;Wednesday, following the release of its&nbsp;<a href="https://grow.acorns.com/stock-market-outlook-for-may/" class="">earnings report</a>&nbsp;Tuesday, with the company’s&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=AAPL&amp;amp;qsearchterm=app" class="">current share price</a>hovering around $210.



If you invested in&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=AAPL" class="">Apple</a>&nbsp;10 years ago, that decision would have paid off. According to CNBC calculations, a $1,000 investment made on May 1, 2009, would be worth more than $13,000 as of midday May 1, 2019, for a total return of more than 1,200%.



Over the same period, the S&amp;P 500 returned just over 300%.



And, thanks to trade-ins,&nbsp;<a href="https://www.cnbc.com/2019/04/01/apple-slashes-iphone-prices-in-china-by-as-much-as-5percent.html" class="">lower prices on iPhones</a>, and&nbsp;<a href="https://www.cnbc.com/2019/05/01/tim-cook-says-the-improved-tone-in-trade-talks-is-boosting-apples-china-business.html" class="">improved trade talks between the United States and China</a>, some analysts seemed optimistic about the company’s stock overall.



“We believe Apple has locked up strong share of the premium tier market and will continue to dominate high-end smartphones sales and capture the vast majority of smartphone profits for the next several years,” according to<a class="" href="https://www.cnbc.com/2019/05/01/reuters-america-apple-results-beat-sets-eyes-back-on-1-trillion.html"> financial services firm Canaccord Genuity</a>.



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/05/cnbc-apple.jpeg" alt="" class="wp-image-335595"/><figcaption> CNBC: Apple stock as of May 1, 2019. </figcaption></figure>



Still, while Apple’s stock has ticked up recently and done mostly well over the years,&nbsp;<a href="https://www.cnbc.com/2017/11/30/how-amazon-became-one-of-warren-buffetts-biggest-investment-regrets.html" class="">any individual stock can over- or underperform</a>&nbsp;and&nbsp;<a href="https://www.cnbc.com/2018/04/03/avoid-these-4-investing-mistakes.html" class="">past returns do not predict future results</a>. And even though the company&nbsp;<a href="https://www.cnbc.com/2019/05/01/stocks-making-the-biggest-moves-premarket-boeing-wynn-resorts-cvs-apple-estee-lauder-more.html" class="">reported earnings of $2.46 per share</a>&nbsp;for its most recent quarter, beating estimates by 10 cents a share, it saw its second consecutive overall quarterly revenue decline.



Apple is looking outside of smartphones to increase sales. Chief Executive Officer Tim Cook&nbsp;<a href="https://www.cnbc.com/2019/04/30/apple-earnings-show-company-moving-beyond-iphone.html" class="">underlined two growing businesses</a>&nbsp;during his call with analysts: Apple Services, which includes things like Apple Music and iCloud, and Apple Wearables, which includes AirPods and the Apple Watch.



“It was our best quarter ever for services, with revenue reaching $11.5 billion,”&nbsp;<a href="https://www.cnbc.com/tim-cook/" class="">Cook</a>&nbsp;said. Services revenue was up 16% from $9.19 billion in sales from a year earlier.



If you’re&nbsp;<a href="https://www.cnbc.com/2018/10/11/when-the-stock-market-tank-dont-do-these-3-things.html" class="">looking to get into investing</a>, seasoned investors such as Warren Buffett&nbsp;<a href="https://www.cnbc.com/2017/05/17/warren-buffett-and-tony-robbins-agree-on-the-best-way-to-invest-your-money.html" class="">suggest you start with index funds</a>, which hold every stock in an index, meaning they’re automatically diversified and tend to be low cost. Plus, because they fluctuate with the market, they’re typically less risky than picking individual stocks.



Here’s a <a class="" href="https://www.cnbc.com/markets/">snapshot of how the markets look now</a>.



This article was first published by CNBC <a href="https://www.cnbc.com/2019/05/01/what-a-1000-in-apple-in-2009-would-be-worth-now.html">https://www.cnbc.com/2019/05/01/what-a-1000-in-apple-in-2009-would-be-worth-now.html </a>and is republished with its permission.

If you invested $1,000 in Apple in 2009, here’s how much you’d have now

By <a href="https://www.cnbc.com/cat-clifford/">Catherine Clifford</a> 



<a href="https://www.cnbc.com/warren-buffett/" class="">Warren Buffett</a>, who is worth nearly&nbsp;<a href="https://www.forbes.com/profile/warren-buffett/#474c49a24639" class="">$89 billion</a>&nbsp;according to Forbes, is famous for spending only&nbsp;<a href="https://www.cnbc.com/2018/04/18/warren-buffett-buys-breakfast-from-mcdonalds-for-under-3-point-17.html" class="">$3 a day on breakfast</a>.



So how much cash does the frugal billionaire&nbsp;<a href="https://www.cnbc.com/2019/03/26/what-this-is-us-star-chrissy-metz-carries-in-her-wallet.html" class="">have in his wallet</a>?



“I probably carry maybe $400,” Buffett told Yahoo Finance editor in chief Andy Serwer in an interview published Monday.



“My wife likes to use cash, so I just take home a chunk of cash every now and then and she doles it out,” said&nbsp;Buffett&nbsp;<a href="https://www.cnbc.com/2018/08/29/warren-buffett-and-mark-zuckerberg-had-low-key-weddings-.html" class="">of&nbsp;wife Astrid Menks</a>.&nbsp;



“She looks at my billfold and sees whether all the 100s are gone,” Buffett said.



Buffett said he uses cash “98% of the time. If I’m in a restaurant, I’ll always pay cash. It’s just easier.”



But he does have at least one credit card: “I’ve got an American Express card which I got in 1964,” Buffett said. (Buffett’s holding company, Berkshire Hathaway, owned 17.9% of American Express at the end of 2018, <a class="" href="http://www.berkshirehathaway.com/2018ar/2018ar.pdf">according to its year-end financial report</a>.)



<blockquote class="twitter-tweet" data-lang="en">Warren Buffett tells us a few of his favorite things — and what he has in his wallet: <a href="https://t.co/Bw84EkJDCt">https://t.co/Bw84EkJDCt</a> <a href="https://t.co/N6HmXbhyGR">pic.twitter.com/N6HmXbhyGR</a>&mdash; Yahoo Finance (@YahooFinance) <a href="https://twitter.com/YahooFinance/status/1122871295593603072?ref_src=twsrc%5Etfw">April 29, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>




Buffett’s tendency to use cash puts him in the minority among Americans — in 2018, only 18% made “all or almost all of their purchases” with cash,&nbsp;<a href="https://www.pewresearch.org/fact-tank/2018/12/12/more-americans-are-making-no-weekly-purchases-with-cash/" class="">according&nbsp;to&nbsp;the&nbsp;PEW Research&nbsp;Center</a>. About half (52%) of Americans made “some” of their purchases with cash and 29% made none of their purchases with cash.



Using cash, however, can actually be a good way to save money. Paying with cash can be <a class="" href="https://www.cnbc.com/2017/10/24/mark-cubans-top-negotiation-strategy-involves-using-cash.html">used as a negotiation tool</a>, according to Mark Cuban. And researchers have found that physically handing over money <a class="" href="https://www.nytimes.com/2016/07/17/business/paying-with-cash-hurts-thats-also-why-it-feels-so-good.html?_r=1">feels painful</a>, making you less likely to do it, <a class="" href="https://www.cnbc.com/2019/02/05/paying-with-cash-can-help-you-lose-weight-and-save-money.html">CNBC Make It previously reported</a>. 



This article was first published by CNBC <a href="https://www.cnbc.com/2019/04/30/how-much-cash-what-credit-card-warren-buffett-carries-in-his-wallet.html">https://www.cnbc.com/2019/04/30/how-much-cash-what-credit-card-warren-buffett-carries-in-his-wallet.html</a> and is republished with its permission.

Here’s how much cash Billionaire Warren Buffett carries in his wallet

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By <a href="https://www.cnbc.com/todd-haselton/">Todd Haselton</a>



<ul><li>Google keeps a log of everywhere you go if you use Google apps and services on your phone.</li><li>It has a creepy level of detail that might surprise you.</li><li>Google makes it easy to find this information and limit how it can track you, though. Here’s how to do that.</li></ul>



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/04/Google-CNBC-plain.jpg" alt="" class="wp-image-335210"/></figure>



<a href="https://www.cnbc.com/quotes/?symbol=GOOGL" class="">Google</a>&nbsp;knows a lot about you and, if you use Google Maps or other Google apps, it stores a copy of everywhere you go. I recently performed Google’s “Privacy Checkup” to learn a bit more about what it knows about me, and was pretty surprised at the level of detail it had on my exact locations.



I picked a random date: April 16, 2019. It knew everywhere I went, including that I took Interstate 95 to our office in northern New Jersey and that I arrived at 7:58 a.m. It knew that at 1:02 p.m. I drove to Jersey City and took a train in to Manhattan to the New York Stock Exchange before returning home at 4:38 p.m. And it has a copy of the pictures I took at each location.



It’s a creepy level of detail.



Google says it uses location history to “create a private map of where you go with your signed-in devices even when you aren’t using a specific Google service.” It also says the “map is only visible to you.” The data, it says, provides “improved map searches and commute routes, as well as helping you to rediscover the places you’ve been and the routes you’ve traveled.”



I don’t really care about that information. I know the roads I drove on April 16, and I can’t see any reason why Google should store it, even if it’s only for my use. I never know who might be able to access that data, even if Google promises it’s private.



You can stop Google from storing your location history and delete what it has already stored. Here’s how.



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/04/Google-CNBC-1110x727.jpg" alt="" class="wp-image-335207"/><figcaption> Google keeps a creepy amount of information on where you’ve been. Todd Haselton | CNBC </figcaption></figure>



<ul><li>First, go to&nbsp;<a href="https://myaccount.google.com/privacycheckup" class="">myaccount.google.com/privacycheckup</a>. This is a good page to bookmark, since it gives you granular control over lots of privacy settings.</li><li>Next, scroll down to “Location History” and choose “Manage Location History.”</li><li>This is where you’ll see everywhere you’ve been. It’s a freaky level of detail.</li><li>Tap “Manage Location History” at the bottom of the screen again.</li><li>Toggle the button to turn off Location History.</li></ul>



To delete your history, do this:



<ul><li>Tap the settings button on the “Location History” map.</li><li>Select “Delete all location history.”</li></ul>



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/04/Google-CNBC-2.jpg" alt="" class="wp-image-335208"/><figcaption> Turn off the option that allows Google to track your location history. Todd Haselton | CNBC </figcaption></figure>



That’s not it, though.



Google will continue tracking your location unless you also turn off a separate “Web &amp; App Activity” tracker. Google says it tracks your location from apps to provide “better recommendations, and more personalized experiences in Maps, Search, and other Google services.”



<figure class="wp-block-image"><img decoding="async" src="http://cnbc.africa/wp-content/uploads/2019/04/Google-CNBC-3.jpg" alt="" class="wp-image-335209"/><figcaption> Turn off the option that allows Google to track your web and app activity. Todd Haselton | CNBC </figcaption></figure>



To turn off web and app activity, do this:



<ul><li>Go to <a class="" href="https://myaccount.google.com/activitycontrols">myaccount.google.com/activitycontrols</a></li><li>Turn off the “Web &amp; Activity” toggle</li></ul>



This article was first published by CNBC <a href="https://www.cnbc.com/2019/04/25/how-to-stop-google-from-storing-your-location-history.html">https://www.cnbc.com/2019/04/25/how-to-stop-google-from-storing-your-location-history.html</a> and is republished with its permission.

Google knows everywhere you go — here’s how to stop it from tracking you and delete the logs

By <a href="https://www.cnbc.com/ryan-browne/">Ryan Browne</a> and <a href="https://www.cnbc.com/eustance-huang/">Eustance Huang</a> 





KEY POINTS



<ul><li>The cryptocurrency market shed about $10 billion in value in the space of an hour late Thursday, CoinMarketCap data showed.</li><li>New York’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up an $850 million loss.</li><li>Questions have arisen over whether Tether has enough dollar reserves to justify its token’s dollar peg and whether it was used to manipulate prices.</li></ul>



Cryptocurrencies fell amid reignited regulatory worries and questions around the legitimacy of so-called “stablecoin” tether.



The entire market shed about $10 billion in value in the space of an hour late Thursday, CoinMarketCap data showed. This after the New York attorney general&nbsp;<a href="https://ag.ny.gov/press-release/attorney-general-james-announces-court-order-against-crypto-currency-company-under" class="">accused</a>&nbsp;the operator of bitcoin exchange Bitfinex and tether issuer Tether Limited of hiding an $850 million loss.



The state’s top lawyer alleges Bitfinex used at least $700 million from Tether’s cash reserves to cover up the apparent loss of $850 million of client and corporate funds. Its findings were detailed in papers filed with the Manhattan Supreme Court.



Tether is a cryptocurrency that is meant to be pegged to the U.S. dollar — otherwise known as a stablecoin. Worries have been raised over whether Tether Limited holds enough dollars to back all the tokens in circulation.



The price of&nbsp;<a href="https://www.cnbc.com/quotes/?symbol=BTC=" class="">bitcoin</a>, the world’s largest cryptocurrency, has fallen 4% over the last 24 hours, according to industry website CoinDesk. In the same time period, the prices of ethereum and XRP — the world’s second and third-largest virtual currencies by market value — also dropped 6% and 3%, respectively. Tether’s price fell over 1%, coming off its dollar peg.



The attorney general’s office said Thursday that Bitfinex handed $850 million to a Panama entity called Crypto Capital without disclosing it to investors. Executives at Bitfinex and Tether then allegedly “engaged in a series of conflicted corporate transactions” — where Bitfinex gave itself access to Tether’s cash reserves.



“Those transactions — which also have not been disclosed to investors — treat Tether’s cash reserves as Bitfinex’s corporate slush fund, and are being used to hide Bitfinex’s massive, undisclosed losses and inability to handle customer withdrawals,” the attorney general’s office said.



A court order issued by New York’s legal chief requires the operators of Bitfinex and Tether Limited to cease further losses of its U.S. dollar reserves. They are also barred from deleting or permitting others to delete potentially relevant documents and communications.Bitfinex’s response



Bitfinex said in response that the attorney general’s court filings were “written in bad faith” and “riddled with false assertions.” It flatly denied the alleged $850 million loss, stating the funds were “not lost but have been, in fact, seized and safeguarded.”



“Bitfinex and Tether have been fully cooperative with the New York attorney general’s office, as both companies are with all regulators,” the crypto exchange said in a <a class="" href="https://www.bitfinex.com/posts/356">statement</a> on its website. “The New York attorney general’s office should focus its efforts on trying to aid and support our recovery efforts.”



The company added that both Bitfinex and Tether are “financially strong,” and that it would challenge the order by New York.Why it matters



Tether is one of the most notable stablecoins on the market. It’s meant to be backed 1:1 by U.S. dollars to provide a stable value, and is often used as an alternative to government-backed money for crypto trading.



But it’s not been without controversy. Questions have arisen over whether it actually has enough dollar reserves to justify that dollar peg and whether it was used to&nbsp;<a href="https://www.cnbc.com/2018/06/13/much-of-bitcoins-2017-boom-was-market-manipulation-researcher-says.html" class="">manipulate bitcoin’s huge price spike</a>&nbsp;in 2017.



Charles Hayter, CEO of digital currency comparison firm CryptoCompare, said the New York fraud probe into tether was affecting the market. He said it creates a knock-on effect as tether is “so ubiquitous and so enigmatic.”



Cryptocurrencies have slumped massively from a monster rally in late 2017. Bitcoin, once worth almost $20,000, has fallen steeply to just under $5,300 as of Friday. It had a <a class="" href="https://www.cnbc.com/2019/04/02/bitcoin-rallies-14percent-to-its-highest-level-since-november-last-year.html">recent pop</a> last month that experts attributed to algorithm-driven trading.



This article was first published by CNBC <a href="https://www.cnbc.com/2019/04/26/cryptocurrency-bitcoin-price-falls-on-ny-ag-bitfinex-probe.html">https://www.cnbc.com/2019/04/26/cryptocurrency-bitcoin-price-falls-on-ny-ag-bitfinex-probe.html</a> and is republished with its permission.

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