Author: CapitalGainsFund

Apr 9

Key Words: Bill Gates says U.S. government can’t ‘wave a wand’ and ‘all of a sudden the economy is anything like it was before’ the coronavirus pandemic

“ ‘No one should think the government can wave a wand an all of sudden the economy is anything like it was before this happened.’  ” — Bill Gates That is billionaire Bill Gates, the co-founder of Microsoft MSFT, +0.00% and noted philanthropist during a 26-minute interview on CNBC on Thursday. Gates, who boasts a […]
Apr 8

The Moneyist: I didn’t feel well last month and asked my housekeeper to stay home. I am nervous about having her come back. She asked for unpaid wages. What should I do?

Dear Moneyist, My housekeeper would like to receive money while she’s not working. She works for me for 4 hours a month, and I pay her approximately $120 cash each month. We pay her well, although she is hardly a full-time worker. In fact, she is barely part time. She has helped us out around […]
Apr 8

The CEO who built Cisco into a powerhouse has a sobering pandemic prognosis: At least nine months of economic pain

Silicon Valley sage John Chambers is usually a sunny sort. But COVID-19 has him expecting the worst over the next nine months to a year. The legendary tech executive–turned–venture capitalist predicts the health and economic crisis will take three to five quarters to run its course, and any economic uptick won’t occur until at least […]