Christian Klein, Co-CEO of German software and cloud computing giant SAP, speaks during a press conference to present SAP's financial results for 2019 on January 28, 2020 in Walldorf, southwestern Germany. - German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for the...
Category: Finance
Why I paid $95 to recycle a mattress โ and you might, too
The author paid a company, Renewable Recycling, to pick up and recycle his queen-size mattress in New York City.Greg IacurciI paid $95 to recycle a mattress.It may sound odd, silly even, to pay so much to dispose of a run-of-the-mill household item.But the economics of mattress recycling illustrate why it...
After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’
LONDON โ Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align."Wiz makes software that connects to cloud storage providers like Amazon Web Services or Microsoft...
Here’s why the U.S. retirement system isn’t among the world’s best
Mixetto | E+ | Getty ImagesThe U.S. retirement system doesn't get high marks relative to other nations.In fact, the U.S. got a C+ grade and ranked No. 29 out of 48 global pension systems in 2024, according to the annual Mercer CFA Institute Global Pension Index, released Tuesday. It analyzed...
Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBCWarren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July.In a Thursday night filing...