Wealth

More than 26 million Americans are currently collecting unemployment benefits, according to the Labor Department. Of those, over 13 million are relying on pandemic-related programs for benefits, as they would not normally be eligible. But further stimulus package negotiations remain at a standstill, even as experts urge Congress to take action. More waiting could “lead to a weak recovery,

More than 637 million people traveled within China over the past week in celebration of the country’s annual “Golden Week,” the country’s government said on Friday. The government estimates domestic travelers generated around 466 billion yuan ($68.6 billion) in tourism revenue during the holiday period. Two holidays converged this year: National Day, which celebrates the founding

With Amazon’s massive success today, it’s hard to imagine that Jeff Bezos started it in 1994 as an online bookseller — in a small garage where employees’ desks were made out of doors from Home Depot. Now, there’s almost nothing you can’t buy on Amazon, which begs the question: How did it become “the everything store”?

An apartments for rent sign is displayed outside a residential building in Hells Kitchen as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 18, 2020 in New York City. Alexi Rosenfeld | Getty Images The number of apartments for rent in Manhattan tripled in September,

There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high.  As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the

Saul Loeb | AFP | Getty Images LONDON — Billionaire wealth jumped by more than a quarter during the height of the coronavirus crisis, according to new research, with a rally in stock markets helping the wealth of the world’s richest surpass the $10 trillion mark for the first time. The “Riding the storm” study,

A 67-million-year-old T. rex specimen, named Stan, will be auctioned off by Christie’s on Oct. 6 and will be on display in the windows of Christie’s Rockefeller Center starting Wednesday. Robert Frank | CNBC A fossilized Tyrannosaurus rex, nicknamed Stan, sold at auction for $31.85 million, becoming the most expensive dinosaur fossil ever sold. The

What do you get when you mix a wellness holiday with a “workcation”? Answer: The “wellness sabbatical,” an emerging trend that allocates time for sunrise yoga classes, meditation sessions and spa treatments — alongside work emails and Zoom calls. A small but growing number of resorts are tapping into a market of wellness-minded workers who

Democratic presidential candidate Joe Biden says his tax hikes would only effect the wealthy — defining “wealthy” as those who make more than $400,000 a year. But according to a financial planning analysis, families making $400,000 a year aren’t exactly living large — especially in major cities. A family of four with $400,000 a year

Luis Alvarez | DigitalVision | Getty Images The Covid-19 pandemic has pushed more financial advisors to figure out how to meet virtually with clients. Advisory firms have had to find ways to be able to adapt through the use of virtual technologies to keep their meetings going with clients. That newfound comfort will probably change

Mark Cuban, entrepreneur and investor on ABC’s “Shark Tank,” has invested in hundreds of successful companies to date. In the 1990s, Cuban founded and sold several start-ups that helped him reach billionaire status. And in 2000, he paid $285 million for a majority stake in the Dallas Mavericks. (Under his ownership, the team won an NBA championship in 2011 and is now valued at an estimated $2.3 billion,

With the U.S. presidential election about a month away, former President Barack Obama has urged citizens to cast their votes in a race that matters not only nationally, but globally. As the de facto world leader and international standard-bearer for policymaking, the U.S. holds major sway over world events and the choices made by the

Geneva. Allan Baxter | Getty Images The Swiss city of Geneva is to introduce a minimum wage of 23 Swiss francs ($25) an hour, equal to roughly 3,772 Swiss francs ($4,100) a month for a 41-hour working week.  Nearly two-thirds of the canton, or state, of Geneva on Sunday voted in favor of introducing the

As the last few months have seen interest rates drop, you may be wondering if now is a good time to consider refinancing your mortgage. If the prevailing rates are at least 0.75% lower than your current rate, it’s something that’s certainly worth looking into.  But as you do your research, you’ll need to factor in

Elon Musk is a self-made multi-billionaire, largely due to the success of SpaceX and Tesla. But “to be frank,” Musk tweeted on Sept. 19, “in the early days, I thought there was >90% chance that both SpaceX & Tesla would be worth $0.” Still, Musk moved forward with the longshot businesses, personally investing millions. Musk,

Apartment sales in Manhattan plunged by 46% in the third quarter, as homebuyers continued to flow to the suburbs and Florida, according to new reports. There are now about 10,000 apartments for sale in Manhattan, which would be a record, according to Compass. With so many new listings pouring onto the market and so few

Usually when passengers find themselves sitting on a grounded commercial airplane, reactions range from impatience to downright anger.  But these are not usual times. That’s one of several activities that Singapore Airlines is launching instead of what media reports have dubbed “flights to nowhere.” The airline announced this week it was abandoning plans for destination-less flights —

Dr. Anthony Fauci is the nation’s leading expert on infectious disease, who is navigating a deadly global pandemic amid extreme political acrimony. So when things get stressful for the White House advisor, Fauci turns to what he calls his “favorite book of philosophy”: “The Godfather.” Fauci says the 1969 novel by Mario Puzo reminds him

According to Mark Cuban, a second stimulus package should give all American households a $1,000 stimulus check every two weeks for the next two months — and they must use that money within 10 days to promote spending and help keep businesses open.  But Cuban’s “Shark Tank” co-star, Barbara Corcoran disagrees with her friend’s “use it

With elementary and high school around the world attending school virtually this fall, hotels are selling an unlikely travel opportunity — the “schoolcation.” Families are being enticed from their homes by hotels promising a change of scenery alongside tutoring, round-the-clock tech help and after-school activities that are more fun than what’s available back home.   Relieving