Throughout the Covid-19 crisis, White House coronavirus advisor Dr. Anthony Fauci has become a household name and the unofficial face of fighting the pandemic. And now he has his own trading card. The president of the National Institute of Allergy and Infectious Diseases threw the first ceremonial pitch for Major League Baseball’s 2020 season on
Wealth
The luxury retail market in mainland China has been “very, very strong” from April to July and is likely to hold up well for the rest of the year as long as there is no strong resurgence of the coronavirus, says Ronnie Chan, chairman of Hang Lung Group and its subsidiary Hang Lung Properties. 02:26
Barry Winiker | Getty Images A proposal to raise taxes on California millionaires would result in a top tax rate of nearly 54% for federal and state taxes. Democrats in the California state legislature this week proposed a tax hike on the state’s highest earners to help pay for schools and services hurt by the
Many travelers are familiar with UNESCO’s World Heritage List, which include both cultural and natural sites deemed to “be of outstanding universal value” by the U.N. agency. Less is known about the organization’s List of World Heritage in Danger. This list designates 53 World Heritage sites under threat of “serious and specific dangers” due to
Federal prosecutors are accusing a 29-year-old small business owner in Miami of spending some of the nearly $4 million in coronavirus relief aid he received from the government on a six-figure sports car, expensive jewelry and stays at luxury resorts. Federal officials arrested the man, David T. Hines, on Monday, charging him in Miami Federal
As Jeff Bezos defends Amazon‘s largess in front of the U.S. House Committee on the Judiciary on Wednesday (“Just like the world needs small companies, it also needs large ones,” his prepared remarks read), his ex-wife MacKenzie Scott has announced an update on her own efforts to dismantle the mountain of money and privilege on which
The number of coronavirus cases in the U.S. surpassed 4 million in late July. Certain parts of the country have been hit particularly hard this month, including California and North Carolina, both places where I’ve recently spent time. After flying back to Los Angeles, where I currently live, from Charlotte, North Carolina, where my family lives, I
While large cruise ships have mostly stopped sailing due to the pandemic, smaller ships are planning to sail to Antarctica this winter. The No Sail Order issued by the Centers for Disease Control and Prevention, which is currently in effect until Sept. 30, applies to cruise ships with the capacity to carry at least 250
A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters Home prices in the Hamptons hit new records as wealthy New Yorkers fled the Covid-19 troubles of the city for the beach, according to a new report. The median price of a single-family home in the Hamptons reached $1.1 million in
Passengers who refuse to wear masks based on medical exemptions will no longer be able to fly on American Airlines and Southwest Airlines. On Wednesday, both air carriers announced anyone over the age of two must wear a mask while flying. Masks can only be removed to eat or drink, and Southwest’s new policy states
View from a luxury rental at West Half, overlooking Nationals Park, Washington, D.C. Pat Pugliese | CNBC WASHINGTON — When Dr. Anthony Fauci throws out the ceremonial first pitch of this truncated baseball season Thursday night, players, coaches and umpires will see it in person at Nationals Park. But no fans will be in attendance,
When you arrive at Potato Head Beach Club’s security checkpoint in Bali, Indonesia, guests are screened for the usual contraband such as weapons or explosives and one other thing: plastic bottles. Single-use plastic is banned from the resort, which means, guests often turn in their water bottles. It’s all part of the experience, though, which is
It’s been roughly eight years since I quit my investment banking job and retired at 34. My wife—also an early retiree—and I had a combined net worth of about $3 million. Achieving early retirement is difficult for a lot of people, so we feel incredibly grateful to have financial independence and freedom from work. We
For many people living in poverty around the world, working from home amid the Covid-19 pandemic is not an option, even when showing up to work means potentially getting sick. But there is a solution to that problem, according a paper released Thursday by the United Nations Development Programme (UNDP): Give the poor cash so they
Theranos CEO Elizabeth Holmes speaking at the 2015 Clinton Global Initiative in New York on Sept. 29, 2015. Adam Jeffery | CNBC Elizabeth Holmes, whose company Theranos promised a revolutionary way to detect diseases, will likely have her criminal trial delayed until early 2021 due to a global pandemic with no cure in sight. U.S.
Amid the pandemic, the number of consumers requesting airline refunds has reached new heights. In fact, the Department of Transportation has received “an unprecedented volume of complaints from passengers” regarding airline refunds during this time, CNBC reported. And on CNBC’s new web series ”Got a Money Dispute? Ask Kevin,” host Kevin O’Leary says arguments over travel refunds are “one
In 1998, Jamie Dimon was fired by his own mentor, former Citigroup CEO Sandy Weill, after the pair had worked together for 15 years. At the time, “I was the president and chief operator of Travelers,” an insurance company, Dimon, now 64, said on the July 15 episode of the “Coffee with The Greats” podcast.
New York’s billionaires would pay about $5.5 billion a year under a new tax being proposed by Democrats in the state legislature. The tax, part of a new “Make Billionaires Pay” campaign by progressive lawmakers and activists, would impose a new form of capital gains tax on New Yorkers with $1 billion or more in
Jeff Bezos had a pretty lucrative Monday. The billionaire Amazon CEO set a record when his net worth jumped by $13 billion in just one day, on Monday, according to Bloomberg. The Bloomberg Billionaires Index put Bezos’ estimated net worth at $189.3 billion at the end of Monday. Bezos, who is the world’s wealthiest man
Less than three weeks after reopening to international travelers, the Bahamas is closing its borders to U.S. residents after a rise of coronavirus infections on the island nation. In a national address on July 19, Bahamas Prime Minister Hubert Minnis announced that airports and seaports would close to all travelers except those coming from Canada,