Wealth

A view of a person wearing mask passing by a Macy’s in Herald Square amid the coronavirus (COVID-19) outbreak on March 24, 2020 in New York City. John Nacion | NurPhoto | Getty Images The stage is set for China to become the world’s biggest luxury market by 2025, according to a new report. In

Hedge fund billionaire Ray Dalio has spent years studying the habits and personalities of successful, wealthy leaders.  In fact, the hedge fund billionaire, has interviewed and administered an hour-long personality test to people from Tesla CEO Elon Musk and Microsoft co-founder Bill Gates to Netflix co-founder Reed Hastings and Nobel Prize-winning economist Muhammad Yunus in

In 2009, Airbnb was clawing towards “ramen profitability,” or just enough profit to pay for basic expenses — with the expression playing off the ultracheap instant Japanese noodles people famously eat when they are saving money, which today cost as little $4.80 for a 24 pack. That January, Airbnb’s co-founder and CEO, Brian Chesky, emailed

Since the pandemic began, “my life has changed utterly,” Bill Gates said on an episode of the new podcast, “Bill Gates and Rashida Jones Ask Big Questions.” One of the biggest changes? The billionaire philanthropist and Microsoft co-founder said he hasn’t been to a physical office since March. “I’m kind of embarrassed to admit, there’s

“The Spirit of the Rose,” a rare purple-pink diamond mined in Russia, was sold at a Sotheby’s auction for nearly $27 million. A picture taken at a press preview on November 6, 2020. Fabrice Coffrini/AFP via Getty Images The largest purple-pink diamond ever to be auctioned has been sold in Geneva, Switzerland for 24,393,000 Swiss

Tech billionaire Mark Cuban has been an outspoken voice throughout the 2020 election process, from endorsing President-elect Joe Biden while criticizing President Donald Trump’s Covid-19 response to saying that certain aspects of “both sides scare me.” Despite making clear his preference of Biden over Trump before this month’s presidential election, Cuban now also says he

“I’m going to spend less this month.” We’ve all said these words at some point in our lives. But changing your bad money habits isn’t easy. Most of our impulsive spending happens when our brain is on autopilot. The solution is to implement both short-term and long-term strategies which upend our reactive spending routine.  From

Sign advertising apartments for rent in the Upper East Side in New York City. Adam Jeffery | CNBC Manhattan real estate may be turning the corner, as new rentals increased for the first time in over a year and sales activity started to creep higher after the Covid collapse. A big drop in rental prices

Self-made billionaire Mark Cuban is committed to life-long learning and often says it is key to his success. In fact, Cuban has said time and money spent on learning is “the best investment” he has ever made. And now, “we’ve got to teach our kids how to learn, because that’s the ultimate skill going forward,”

Bernard Arnault, billionaire and chief executive officer of LVMH Moet Hennessy Louis Vuitton SE, arrives to speak as the luxury brand announces full year earnings in Paris, France, on Tuesday, Jan. 28, 2020. Christophe Morin | Bloomberg | Getty Images Luxury king Bernard Arnault has retaken the title of world’s second richest person, with a

Despite rising Covid-19 infections throughout the United States, Europe and beyond, people are preparing to travel in late 2020. According to a survey by travel booking app Hopper, 39% of Americans are expected to travel during the upcoming holiday season. By that estimate, nearly 130 million people will be hitting the road in the United

Sylvester Stallone attends the premiere of HBO Documentary Film “Very Ralph” at The Paley Center for Media on November 11, 2019 in Beverly Hills, California. Rich Fury | Getty Images Sylvester Stallone is auctioning off some of his most prized watches, including two that became famous in his movies. The Academy Award-nominated actor, known for

Portra Images | Getty Images The majority of U.S. adults believe the Covid-19 economy is worse than the 2008 Great Recession, according to a recent Edelman Financial Engines 2020 Financial Insights study. Just over half, or 51%, said that was the case. “That is scary,” said Ric Edelman, founder of Edelman Financial Engines and a

Eric Schmidt speaks during a National Security Commission on Artificial Intelligence conference November 5, 2019, in Washington Alex Wong | Getty Images Former Google CEO Eric Schmidt has been approved to become a citizen of Cyprus, according to a report Monday from Recode. An October notice in Alithia, a Cypriot publication, apparently announced Schmidt and

An upsurge in Covid-19 cases is hampering travel to most of the world’s most popular tourist destinations — but less famous, more remote retreats are enjoying a resurgence. From hiking hidden hillsides to riding remote routes, there are plenty of ways to escape the crowds and have a socially distanced holiday either at home or

As vote counting continues in key battleground states like Georgia and Pennsylvania, where Vice President Joe Biden has taken the lead over President Donald Trump on Friday, Libertarian presidential candidate Jo Jorgensen says third party candidates don’t “take” votes from other parties. “I don’t consider it taking votes, because those votes belong to the American

Since Tuesday, MSNBC national political correspondent Steve Kornacki has been running on fumes, living off Diet Coke with little sleep. Late Thursday night, Kornacki tweeted, “Forget grabbing sleep, there’s still votes coming in in PA. I’m heading back to the studio.” Twitter users urging Kornacki to take a break and change his clothes (he’s know

It just got easier for residents of major world cities to find the best tipples in town. The World’s 50 Best Bars were announced on Nov. 5 in London via a virtual awards ceremony, with the city’s Connaught Bar clinching the No. 1 spot. The bar — which ranked No. 2 last year — traded

At Whole Foods, every employee knows what everybody else is making. It’s a practice called “wage transparency.” The average pay of professional titles of employees is published on the Whole Foods website. Whole Foods CEO John Mackey thinks of wage transparency as a source of motivation for employees. “It gives people something to strive for,”

Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than