Wealth

China cracking down on bitcoin mining and Elon Musk suspending Tesla’s acceptance of bitcoin due to the large amounts of energy it takes to mine have both contributed to the cryptocurrency losing almost half its value from its high of over $64,000 in April. It’s also making it hard for even bitcoin bulls to ignore

The billionaire space race is heating up again.  Virgin Galactic’s Richard Branson now plans to beat his fellow billionaire Jeff Bezos to space next week on a test spaceflight for the British billionaire’s space tourism company that will launch July 11. That’s more than a week before Bezos plans to complete his own spaceflight, along

In this article AMZN Andy Jassy, CEO of Amazon Web Services. Patrick T. Fallon | Bloomberg | Getty Images Amazon said in a filing on Friday that it will grant Andy Jassy 61,000 shares of stock on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a

Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. Michael Nagle | Bloomberg | Getty Images Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to

Getty Images Danish households are the richest in the European Union, according to a data analysis by the country’s central bank.  The average household in Denmark had 1.88 million Danish krone ($300,000) in financial assets as of the fourth quarter of 2020.  The data, released Wednesday, was extracted from the European Central Bank’s disclosure of

Oliver Rossi | Stone | Getty Images There is never a better time to start building wealth than the present. Yet how to go about it depends on your age. “The better job you do with creating your financial security, the more flexibility it provides you to make better choices in the future,” said certified

Starting July 1, tourists can visit Phuket without quarantining for the first time since March 2020. In Thailand’s much-discussed “sandbox” pilot scheme, its largest island has reopened to vaccinated travelers who are willing to abide by a laundry list of rules designed to safely restart tourism amid the pandemic.      The plan hinges on a

Students walk on the campus of Yale University in New Haven, Connecticut. Shannon Stapleton | Reuters Yale announced on Wednesday that it is dropping tuition for students in the school of drama starting this August following a $150 million donation from the David Geffen Foundation. Yale said that all current and future full-time students in

Warren Buffett and Charlie Munger have been friends for over 60 years and business partners since 1978. During that time, they’ve both become billionaires while building Berkshire Hathaway into a $630 billion investment giant. But, to hear the two wealthy nonagenarians tell it, at least, all of that money wasn’t even the biggest prize of

New travel companies are making it easier for remote workers to live and work abroad without the long-term commitment. So-called “workcations” are on the rise, with 74% of Americans who are working from home saying they would consider taking one, according to a report published in March by The Harris Poll. But rather than booking

The Old Village of Lawers is up for sale for offers over £125,000 ($172,859). The Old Village of Lawers photography The remains of a village in Scotland, which is supposedly haunted, has gone up for sale for offers over £125,000 ($172,859).  The ruins of the Old Village of Lawers sits on the shore of Loch

High earners in high tax states cheered the news last week that Sen. Bernie Sanders included relief from the state and local tax cap in his budget. But the numbers suggest Sanders is only considering a partial reduction in the cap. And the latest proposal being discussed in Congress would do little to help the

With less than a month to go before Jeff Bezos embarks on his “greatest adventure” with a trip to space, more than a few people here on Earth are making it known they’d prefer it if the wealthiest man on the planet takes a one-way trip and remains in orbit. A petition on Change.org entitled

Travel writers make a career out of helping tourists navigate unfamiliar places. Still, even the most savvy traveler is prone to making the occasional faux pas while on vacation. Here, CNBC’s travel contributors share the biggest mistakes they see visitors make in the cities they call home.   Strolling through Singapore “Attempting to stroll around

When you spend too much, a sense of shame or regret can overwhelm you — and even hold you back from your financial goals. On the other hand, not spending on the things or experiences that bring you joy can cause a sense of deprivation. So how do you find the right balance? As a

CNBC’s Jim Cramer on Wednesday called on billionaires in the U.S. to more vocally support reforms to the nation’s tax code, in attempt to stave off more-liberal legislative proposals from politicians in Washington. “This administration doesn’t like you, so come up with something proactively that makes it so you are not being taxed in the way [Sen.]

The racial wealth divide between white and Black families in the U.S. is more of a chasm than a gap. In 2019, the median household wealth for white families was nearly $190,000, almost eight times higher than that of Black households, according to Federal Reserve data. “Baby bonds” are one proposal to help close the

It’s one thing to require unvaccinated travelers to quarantine or undergo extra Covid tests. It’s another to bar them altogether. A small but growing list of travel destinations is either closing its doors to unvaccinated travelers or reopening only to vaccinated ones. Either way, the unvaccinated are seeing their travel options start to dwindle as

Southeast Asia’s start-up scene is heating up. This year alone, two of the region’s biggest names — on-demand platforms Grab and GoTo — announced their plans to go public in what investors see as a major milestone that could spawn further entrepreneurship. And now is the perfect time for new entrepreneurs to get started, according

Oliver Contreras/Sipa/Bloomberg via Getty Images The U.S. would tax capital gains and dividends for the rich at among the highest rates in the developed world if President Joe Biden’s proposal were enacted. The top rate high-earning Americans pay on dividends and the sale of appreciated assets would jump to nearly 49%, when combining all federal