Wealth

Ether, the cryptocurrency that runs on the Ethereum blockchain, hit a record high on Tuesday. Though it is still second behind bitcoin in market value, there is growing excitement surrounding Ethereum and its capabilities. According to billionaire investor Mark Cuban, “the number of transactions and the diversity of transaction types along with the development efforts

Former Theranos CEO Elizabeth Holmes attends pre-trial hearing in the U.S. government’s fraud case against her on May 5, 2021. CNBC Former Theranos CEO Elizabeth Holmes promised a technology breakthrough, but it was really a house of cards, prosecutors said during a court hearing on Wednesday. “Miss Holmes went out, told the world and told investors:

For some homebound travelers yearning for a vacation, the question isn’t whether to book a vacation this year, but when.  Enthusiasm for travel is at its highest point in a year, with 87% of American travelers expected to take a trip this summer, according to a survey conducted last week by travel market research company

This is an excerpt from CNBC Make It’s weekly newsletter, written by money reporter Alicia Adamczyk. Subscribe here. Everyone I know is burned out.  Burned out from the lack of separation between work and home life, or because they have to go into work each day with few measures in place to ensure their safety.

Though JPMorgan Chase will reportedly offer a bitcoin fund for wealthy clients, chairman and CEO Jamie Dimon still isn’t personally sold on the cryptocurrency. “I’m not a bitcoin supporter,” Dimon said during The Wall Street Journal CEO Council summit on Tuesday. “I don’t care about bitcoin. I have no interest in it.” “On the other

Former Theranos CEO Elizabeth Holmes outside a hearing in her criminal fraud trial on May 4, 2021. CNBC A pregnant Elizabeth Holmes appeared in court for the first time in 15 months for three days of hearings that will set the stage for her criminal fraud trial. At Tuesday’s session in the San Jose federal

San Francisco 49ers quarterback Jimmy Garoppolo’s future with the NFL is reportedly in limbo after he suffered angle strains throughout the 2020 season and since his team drafted a new rookie quarterback. But at 29, Garoppolo has already had a lot of success. In addition to winning two Super Bowl rings as a backup quarterback

Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis and tax accountants. As part of his American Families Plan, Biden is proposing to nearly double the top tax rate on capital gains and eliminate a tax benefit on

Alan Patricof, a longtime tech investor and Democratic donor, told CNBC on Monday he is not concerned about the prospect of higher capital gains taxes for wealthy Americans. In an interview on “Closing Bell,” the co-founder of venture capital firm Greycroft did not throw his support behind a specific rate for the capital gains tax.

Warren Buffett finally has an official successor at Berkshire Hathaway.  On Monday, the 90-year-old investing icon put to rest years of speculation over who would eventually take the reins from him at Berkshire when he confirmed that Gregory Abel, 59, currently a vice chairman of the $640 billion company, is next in line to be

The list of places that’s welcoming vaccinated people is growing by the week. Proof of vaccines is easing travel restrictions to some places, and is the only way travelers can gain entrance to others. Yet from health forms to testing protocols, travel remains complicated even for the immunized. Rules differ from one country to the

In this article PLTR Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through

Facebook co-founder Chris Hughes told CNBC on Wednesday he believes the U.S. government should take a more active role in building an economic system that delivers broad prosperity. In an interview on “Squawk Box,” Hughes said the new kind of capitalism he envisions is hardly an outlier position following decades of widening disparities between rich and

Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No. 2” next to bitcoin, investor Kevin O’Leary tells CNBC Make It. “I just believe that to be the case. Bitcoin will always be the ‘gold.’ Ethereum will always

BET founder Robert Johnson told CNBC on Tuesday he hopes corporate America will support efforts that boost Black Americans’ access to capital with the same vigor as many companies recently did around voting access. Johnson’s comments on “Squawk Box” came one day after the entrepreneur went public with a proposal that would give preferential tax

Being named to UNESCO’s World Heritage List often brings worldwide acclaim, tourist revenue and access to international funding and expertise. But there are strings attached.   World Heritage sites are, in principle, inscribed “forever,” said Mechtild Rossler, director of the UNESCO World Heritage Centre, but countries have to do their part to protect and counteract

A woman looks at a Basquiat painting titled “In This Case” that is coming up for auction at Christies, with an estimate of over $50 million. Source: Christie’s In a sign that the art market is flush with cash, a rare painting by Jean-Michel Basquiat is being auctioned off by Christie’s with an estimate of

A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters A home in the Hamptons rented for $2 million for the summer, as demand far outstrips a record low supply of homes for sale and for rent, according to brokers. The number of homes listed for sale in the Hamptons plunged

Many of those with the largest megaphones about the importance of mitigating climate change are white: Bill Gates, Elon Musk, Joe Biden, John Kerry, Greta Thunberg, Al Gore, and more recently, Jeff Bezos, to name few. But the effects of climate change often hit people of color the hardest. CNBC Make It talked to a

Steve Aoki Ross Gilmore | Redferns | Getty Images Imagine walking into a nightclub with your favorite DJ playing the latest hits. You take out your phone to swipe and show off a masterpiece in your pocket: the latest NFT in your collection. Music entrepreneur and superstar DJ Steve Aoki says that’s what’s in store