Author: CapitalGainsFund

Jul 9

Twitter billionaire Jack Dorsey just announced he will be funding a universal basic income experiment that could affect up to 7 million people

On Thursday, Jack Dorsey, the billionaire CEO of Twitter, announced he is working with 14 American mayors to fund universal basic income (UBI) trials in their cities. The pilot programs will be run city by city and have not yet launched. Former presidential candidate Andrew Yang helped bring the idea of universal basic income into […]
Jul 9

This cryptocurrency billionaire wants to be president

Billionaire cryptocurrency pioneer Brock Pierce says he decided to run for president because he is “deeply concerned about the state of our nation, our future.” Now comes the hard part. The child actor-turned-entrepreneur-turned politician faces steep odds in launching a virtual presidential campaign with the general election only four months away, and with no clear-cut […]
Jul 9

Market Snapshot: Dow ends 360 points lower but Nasdaq notches 26th record of 2020 as investors find safety in tech

U.S. stocks closed mostly lower Thursday, but off the low of the day, as investors sought safety in technology and tech-related investments amid rising cases of coronavirus in states like Arizona and Florida. A 7-2 Supreme Court decision ruling that a New York prosecutor could have access to President Donald Trump’s tax returns, also was […]