The New York Stock Exchange. Andrew Burton | Getty Images The financial markets are rising and the economy is falling. What is with this disconnect between the two? Many investors may be asking themselves if this is all a cause for concern. So, what’s an investor to do? To begin with, the financial markets were
Wealth
With America’s large wealth gap and the United States government’s need for revenue, new taxes need to be implemented to raise more money from the rich — and the way to do that is with a wealth tax, economists Joseph E. Stiglitz and Thomas Piketty said Thursday. “Where we are today in the 21st century,
Virgin Atlantic Airways and Virgin Group founder, Sir Richard Branson. Craig Barritt LONDON – Virgin founder Richard Branson is looking to raise $460 million to create a new special purpose acquisition company, or SPAC, becoming the latest in a line of wealthy investors to do so. In a filing with the Securities and Exchange Commission
Sutter Hill Ventures Managing Director Mike Speiser speaks onstage at TechCrunch Disrupt at Pier 48 on September 9, 2014 in San Francisco, California. Steve Jennings | Getty Images Two months after Facebook’s massive IPO in 2012, venture capitalist Mike Speiser was a few miles away from the social networking company, incubating a software start-up from
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 One of the largest and most complete Tyrannosaurus rex fossils ever unearthed is coming up for auction and could fetch between $6 million
Democratic donor and money manager Michael Novogratz told CNBC on Monday that Joe Biden defeating President Donald Trump would at first cause problems for the U.S. stock market. But the former hedge fund billionaire turned cryptocurrency investor contended that a victory by the former vice president would, ultimately, go on to benefit Wall Street. “I think
Entrepreneur Bethenny Frankel has a lot going on. She is the founder of Skinnygirl, as well as disaster relief initiative BStrong. And she’s launching her podcast, “Just B with Bethenny Frankel” this month. To get it all done, Frankel is “so organized,” she tells CNBC Make It. So what do her days look like? Frankel says
Today, Tom Brady is an NFL vet — he’s a six-time Super Bowl champion and National Football League MVP, and in his first game as quarterback for the Tampa Bay Buccaneers on Sunday, the 43-year-old became the oldest oldest player in the NFL to score a touchdown. But as a teenager, Brady had odd jobs
Singapore Airlines is said to be considering a new route next month — what media reports are calling a “flight to nowhere.” Flights that take off and land from the same place — in this case, Singapore Changi Airport — may start as early as next month, according to a report in the local Straits Times
Before Mark Cuban became a billionaire, he spent his 20s struggling to make ends meet – Cuban frequently came home to his lights turned off, he had his credit cards cut and he worked a number of odd jobs to stay afloat. It wasn’t until Cuban sold his start-up, MicroSolutions, for $6 million in 1990 that
In 2014, Todd Kunsman, founder of personal finance blog Invested Wallet, was $29,000 in debt and working a job that paid less than $36,000 per year. Kunsman decided to take the reins of his finances and improve his situation, educating himself on topics like investing and money at large. “I decided to dedicate an hour
A man enters a building with rental apartments available on August 19, 2020 in New York City. Exodus out of New York has leaded the city into a highest number of retails and apartments left to rent after the Coronavirus pandemic. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images The number of
Ex-New York Jets wide receiver Josh Bellamy was arrested Thursday for his alleged role in a $24 million Covid-19 relief scheme, the U.S. Justice Department announced Thursday. The complaint says that Bellamy, along with 10 other defendants, allegedly applied for Paycheck Protection Program (PPP) loans via at least 90 fraudulent applications for a total more
Louis Vuitton owner LVMH said Thursday it intends to file a lawsuit in Delaware against Tiffany, arguing the upscale diamond retailer has mismanaged the coronavirus crisisth. The news comes a day after LVMH announced it would be scrapping its $16.2 billion acquisition of Tiffany, a deal that would have been the biggest ever in the luxury industry. Tiffany
Bill Gates helped build Microsoft into one of the world’s most valuable companies. But between the hard work it took to get the company off the ground and the pressure to succeed against fierce competition, the billionaire Microsoft co-founder wasn’t always such a nice guy to his employees. Gates, much like fellow tech icon Steve
Sotheby’s is set to auction off a 102-carat diamond that could become the most expensive jewel ever sold to an online bidder. The stone, a 102.39-carat D Color Flawless Oval Diamond, could fetch $10 million to $30 million. Only seven flawless white diamonds of more than 100 carats have ever been sold at auction. It
As mortgage rates reach all-time lows due to the pandemic, demand for real estate has increased exponentially. But that doesn’t necessarily mean you should buy a home right now. Way too many homebuyers overextended themselves during the 2008 financial crisis. As a result, most of us paid the price. Having your neighbor conduct a short sale or foreclosure
GQ Editor-in-chief Dylan Jones attends the Paul Smith AW20 50th Anniversary show as part of Paris Fashion Week on January 19, 2020 in Paris, France. David M. Benett/Dave Benett/Getty Images for Paul Smith Editor-in-chief of British GQ magazine Dylan Jones has told CNBC he’s not worried about the future of print publication, despite significant challenges in
In 1969, Heisman Trophy winner Roger Staubach joined the Dallas Cowboys as a 27-year-old rookie with a starting salary of $25,000 a year (a far cry from today’s rookie minimum salary of $610,000). In 1979, by the end of his 10 seasons with the Cowboys — which garnered him two Super Bowl wins, five appearances
Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018. David A. Grogan | CNBC Billionaire hedge funder Ken Griffin is going head-to-head with the billionaire governor of Illinois over a plan to increase taxes on the wealthy. Griffin, the founder and CEO of Citadel, contributed $20 million to