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
Wealth
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
Macallan 18 Mark Littler LTD A 28-year-old has sold a collection of whisky given to him each year by his father as a birthday present, for £44,000 ($57,363), in order to buy his first home. Matthew Robson, who lives in Somerset in the south of England, was given a bottle of 18-year-old Macallan single malt
The sell-off in Tesla shares as been sharp and swift. As of Friday morning, the stock has lost roughly $85 billion in market cap since Monday and CEO Elon Musk’s wealth has taken a hit. But the stock is still up about 800% over the past year. CNBC’s “Squawk Box” crew discusses what could be
Jose Luis Pelaez Inc | DigitalVision | Getty Images There is nothing like a precipitous decline of nearly 35%, followed by a swift rise of about 50% in the S&P 500 index — all within the span of five months — to motivate people to bust out the old cliché “buy low, sell high.” Ah, yes,
The United States’ richest Big Tech executives lost a collective $25 billion to their net worth after Thursday’s market sell-off, according to data compiled by CNBC’s Robert Frank. The S&P 500 tech sector closed down 5.8% Thursday, dragging markets in the red. The dramatic drops shaved several billions off the net worth of some of
Ever thought about going to Antarctica for the day? It’s possible through sightseeing tours by Antarctica Flights. The company operates flights that depart from Australia and fly one of 19 routes over the ice-covered continent. Flights depart and land at the same airport, making this one trip that actually is more about the journey than
Macy’s, which is known for kicking off the holiday season with its nationally televised Thanksgiving Day parade, is painting a picture of a holiday season unlike any other. As the country still grapples with the global coronavirus pandemic, CEO Jeff Gennette said Wednesday he is anticipating a more drawn-out holiday season — with shopping kicking off
Thanks to Amazon’s success, CEO Jeff Bezos is the richest person in the world, worth $207 billion, according to the Bloomberg Billionaires Index. But when he started Amazon as an online bookseller in 1994, Bezos thought it was likely that his business would fail. “I thought there was a 30% chance that we might build a successful
Professional soccer player Amobi Okugo has spent years building up his side hustle, the smart money site A Frugal Athlete. Given the chance for a do-over, there’s one expense he’d save money on: Website design. Okugo started A Frugal Athlete in 2014 with money from his savings account, with initial start-up costs including hiring designers
If you want to tackle problems the same way as Bill Gates, you need to start with two simple questions: “Who has dealt with this problem well? And what can we learn from them?” “Ever since I was a teenager, I’ve tackled every big new problem the same way: by starting off with [those] two questions.
Jamie Dimon, chairman and CEO of JPMorgan Chase, manages over 250,000 employees globally – and when looking to hire new people or promote within, he looks for key “leadership” characteristics. “Management, in an important way, is facts, analysis, details, follow-up [and] discipline. And it is hard. You have to do it all the time – [managing] sales, balance