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Stocks are tanking, and the tech world's richest executives are losing billions.Amazon, Apple, Facebook and Google are getting hammered as investors sell their shares and retreat into safer territory.The founders, CEOs and top investors in those companies are losing money quickly.Amazon CEO Jeff Bezos has lost roughly billion since his net worth and peaked in early September at 8 billion, according to?the Bloomberg Billionaires Index. Amazon's stock (AMZN) has dropped more than 25% since then and is currently trading around ,500 a share, leaving Bezos with a 6 billion nest egg.It's not all bad news for him: Bezos is still the world's richest person.On Tuesday, Bezos and wife MacKenzie donated 0 million to two non profits that aim to end homelessness in America. It's part of the pair's pledge to donate? billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities.Facebook CEO Mark Zuckerberg's wealth is also taking a beating. He's lost roughly billionfrom his peak worth in late July and is now worth billion. He ranks as the seventh richest person in the world.Facebook has been rocked this year with a cascading series of problems, including a proliferation of hate speech on its platform, Russian political interference and the Cambridge Analytica data privacy scandal.Facebook's (FB) stock has lost 40% of its value since July and is currently trading around 0 a share. The company continues to struggle with?executive departures and damaging exposés.Like Bezos, Zuckerberg and his wife, Priscilla Chan,?have pledged 99% of their wealth to their organization for philanthropic needs. They also recently donated 4 million to another nonprofit.Microsoft founder Bill Gates, who still owns 1% of the tech company, has lost billion from his high in early October. He's still worth roughly billion and ranks as the second richest person the world, according to Bloomberg. 2066
Starting next week, KFC will offer their Beyond Fried Chicken product in select restaurants on the West Coast. The plant-based protein product debuted last year in Atlanta, and earlier this year in Nashville and Charlotte.According to a statement from KFC, testing in those markets “received an overwhelmingly positive consumer response,” and they are rolling it out in more cities.More than 50 restaurants in the Los Angeles, Orange County and San Diego area will offer Beyond Fried Chicken starting July 20.Beyond Fried Chicken was developed in partnership with Beyond Meat, a company specializing in creating plant-based protein products.Beyond Meat has partnered with dozens of restaurants and facilities to create plant-based protein menu options, including Carl’s Jr., Dog Haus, Black Bear Diner, Pizza Rev and LEGOLand. 834
Tax season — and tax refunds — can be a financial lifeline for many Americans. But the season can pose challenges for those who owe money to the IRS.Over 18 million Americans owed taxes in September 2014, according to the most recent data from the IRS. Meanwhile, an estimated 10 million face tax penalties each year, the IRS found.Here are three tips to help you handle your tax debt to lessen penalties and properly resolve your obligation.1. Act now 460
Students at a California high school may have eaten cookies with another student's dead grandmother's ashes in them.Police are investigating after accusations have been made against students that they put the ashes in sugar cookies and gave them to nine classmates, according to KOVR in Sacramento.No one who ate one of the cookies got sick, the police report says."I have not heard of anyone getting sick, or anybody being harmed as far as physically or physiologically by this," Lt. Paul Doroshov with the Davis Police Department said to KOVR.The investigation is still ongoing; the cookies themselves have not been tested. 638
Surveillance video was released Wednesday from security cameras outside Marjory Stoneman Douglas High School on the day a gunman killed 17 people.The video's expected July 27 release was delayed when the Broward County School Board requested a review by the state's highest court. On Wednesday, the state Supreme Court said no further appeals would be considered.The video only shows footage from exterior cameras on campus, not from inside the school building where former student Nikolas Cruz opened fire on students and faculty February 14.The heavily-edited and blurred footage depicts the chaotic moments after the shooting, with students and staff being directed away from the scene and law enforcement officers at one point opening a gate and entering a school building with their guns drawn. 807