Patek Philippe Grandmaster Chime Source: Christie’s A one-of-a-kind Patek Philippe watch sold for $31 million at a charity auction in Geneva, making it the most expensive wristwatch ever auctioned. The steel Patek Philippe Grandmaster Chime Ref. 6300A-010 smashed the previous record for an auctioned watch — the $17.7 million fetched in 2017 for the Rolex
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With the decade drawing to a close Bank of America has identified 10 important investing themes to watch over the next 10 years. Underpinning the list is the tectonic societal shifts that the firm anticipates will play out over the next decade. The firm said that the coming decade will be “unlike any before it”
Holiday shoppers at the Time Warner Center in New York. Scott Mlyn | CNBC You’ve likely heard the pitch, “Would you like to apply for a store card?” as you’re making purchases. Many times, you should just say no to that offer, new research shows. That’s because many stores will try to lure customers with
Getty This might be the most asked question I receive. My typical response to this question is there are as many good reasons as bad reasons to file early, and, there are as many good reasons as bad reasons to file later. This article is written for single people who have never been married and
Share to facebook Share to twitter Share to linkedin The billionaire investor and Shark Tank host didn’t hold back. Steven Ferdman/Getty Images Topline: Famed investor and Shark Tank host Mark Cuban became the latest billionaire to criticize Elizabeth Warren’s proposed wealth tax in a series of tweets over the weekend, calling her the “smartest of
Private first-floor garage. StreetEasy via Nest Seekers Attention Little Monsters: A massive downtown Manhattan townhouse once rented by Lady Gaga is on the market for $17.99 million. The 11,000-square-foot, five-bedroom, 12-bath mansion at 347 W. 17th St. in Chelsea was built in 1920 but was recently gut-renovated, and Mother Monster is reportedly the only person
[embedded content] [The stream is slated to begin at 9:40 a.m. EST. Please refresh the page if you do not see the player above.] SpaceX is set to launch another 60 of its own internet satellites on Monday morning from Cape Canaveral, Florida, in a mission that will also set company records for reusing its rockets.
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters It’s no coincidence that investors are getting more positive on the stock market as the yield curve has been steepening. Bank of America Merrill Lynch’s quantitative team has new research that shows a direct relation between the move in stock
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 15, 2019 at Wall Street in New York City. JOHANNES EISELE | AFP | Getty Images Earnings in 2019 are setting a low bar to clear in 2020, paving the way for stocks to continue their record-setting rally, according to
There’s an expense lurking down the road for many retirees that is largely unpredictable but likely: long-term care. With premiums soaring on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities
U.S. military veterans are a force to be reckoned with on the battlefield — and in business. Many choose entrepreneurship as their career after returning from service, equipped with a cadre of unique leadership and time-management skills. Currently they own about 2.5 million small businesses in America in a host of industries, according to the
As clients get older, they often start to feel obligated to retire. They love working, but they are 65 or older and all their friends are doing it. The traditional concept of retirement is called a “cliff retirement” because it is so abrupt. One day you are working full time, and the next you are
Share to facebook Share to twitter Share to linkedin Dimon criticized wealth inequality but avoided questions about his salary. Scott Olson/2017 Getty Images Topline: JPMorgan Chase CEO Jamie Dimon admitted in a recent interview that wealth inequality is a big problem in the U.S., but while the billionaire again criticized Warren and others for going
One only needs to go back in time a little over ten years, to the Great Recession of 2008, to understand the relationship between the health of and machinations about the residential real estate market, on the one hand, and the overall health of the domestic economy, on the other. Which brings us to the
Bernard Tyson, Kaiser Permanente David A. Grogan | CNBC Kaiser Permanente chairman and CEO Bernard Tyson died unexpectedly in his sleep Sunday, the health care giant announced. One of the nation’s leading health care executives, Tyson was 60. He rose through the ranks during a 30-year career at Kaiser to become CEO in 2013. Over
An electric scooter from Swedish tech start-up Voi Technology. Voi Technology Swedish electric scooter sharing start-up Voi Technology has raised $85 million from investors, a move the firm hopes will help it reach profitability in the next few years. The new round was led by Stockholm-based investment group Vostok New Ventures, Voi said Monday. Existing
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC The growing wealth gap separating the rich from the rest of the U.S. is an issue that needs to be resolved, J.P. Morgan Chase CEO Jamie Dimon said in a “60 Minutes”
Getty This week the federal government announced new dollar limits for contributions towards retirement plans and certain deferred compensation plans for 2020 People over 50 can now elect to contribute $26,000 in their 401(k)-type plan. That is $26,000 of earned income. This boost is good news for whom, exactly? It is likely irrelevant for the
Berlin: In the area around East Side Gallery, the open-air gallery where remnants of the Wall have … [+] been painted by artists, property prices saw a shocking 6419% increase. (Photo by Adam Berry/Getty Images) Getty Images Housing prices in Central Berlin have skyrocketed by 400% since the fall of the Berlin Wall in November
Bernard Tyson, CEO of Kaiser Permanente at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC Kaiser Permanente’s chief executive and chairman, Bernard J. Tyson, died in his sleep early Sunday at age 60, the California-based company confirmed. Tyson succeeded George Halvorson as chief executive in 2013 and had led the health care corporation