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Trading Ideas

America’s Self-Made Billionaires

I see headlines every day proclaiming the death of the American Dream. Despair, it would seem, is the spirit of the times.

But that despair is simply unfounded.

The United States is home to more billionaires – many of them self-made – than any other country. They exemplify America’s optimism and entrepreneurial spirit, whether they were born in this country or a world away. Two of the best examples have found their names in the headlines lately…

Howard Schultz, former chairman of Starbucks (Nasdaq: SBUX), is running for president in 2020 as an Independent.

He was born to Fred and Elaine Schultz in Brooklyn, …read more […]

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Business News

Take Five: Enter the dragon

There’s plenty of life left in the Chinese dragon, but after roaring for three decades it’s certainly lost some of its puff. Markets are primed for exports from the world’s second largest economy to show weakness and for investment and lending data to show Beijing’s stimulus efforts in the face of a trade war with Washington are bearing some fruit.

…read more […]