A father and daughter play with a digital tablet at an Estée Lauder store in Shanghai. SOPA Images | LightRocket | Getty Images CNBC’s Technology Executive Council is dedicated to the digital transformation of companies and organizations across sectors of the economy. Michael Smith, chief information officer at The Estée Lauder Companies, recently provided CNBC
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, April 17, 2013. U.S. stocks sank, erasing yesterday’s rally, amid losses in industrial metals and disappointing results from Bank of America Corp. Scott Eells | Bloomberg | Getty Images By one measure, the shift to passive investing
Democratic presidential candidate Sen. Elizabeth Warren (D-MA), holds up two fingers to represent her two-cent wealth tax while speaking at a campaign event at Clark Atlanta University on November 21, 2019 in Atlanta, Georgia. Elijah Nouvelage | Getty Images A majority of millionaires support a wealth tax on those worth $50 million or more, but
Wall Street veteran Byron Wien won’t release his legendary 2020 market surprises until January, but he offered one that didn’t make the cut Tuesday on CNBC. “Watch gold in 2020,” the vice chairman of private wealth solutions at Blackstone said on “Squawk on the Street.” “It has a chance to be an interesting investment.” Wien,
Holiday shopping doesn’t need to break the bank. As shoppers scramble to take advantage of seasonal deals, there’s one offer you probably don’t want to jump on. Store credit card deals may sound like a steal. However, beware the fine print that can cost you more than you bargained for, according to recent research from
Getty So much about retirement planning is about making smart money decisions to get you to the time when you’ll retire. But what about managing your money after you retire? The latest Friends Talk Money podcast episode, which you can hear wherever you get podcasts, has some advice on just that. Full disclosure: I’m one
Staff Photo by Gordon Chibroski, Wed, Jun 19, 2002: A comfortable chaise lounge provides a resting … [+] place to read in the Four Seasons Garden on the estate of Christopher and Victoria Vasillopulos in York Harbor. It is part of the Garden Conservancy’s Open Days Program. (Photo by Gordon Chibroski/Portland Press Herald via Getty
Miami luxury condo sales over $1 million rose 4.1% last month (Photo by Roberto Machado … [+] Noa/LightRocket via Getty Images) © 2017 Roberto Machado Noa Home sales in South Florida are stagnant, according to the latest data released by the Miami Association of Realtors. In November, Broward and Palm Beach counties experienced a drop
Tourists check the model of the Taipei 101, a 508-meter high commercial building, in Taipei on August 27, 2019. (Photo by Sam YEH / AFP) (Photo credit should read SAM YEH/AFP via Getty Images) SAM YEH TAIPEI — High office rentals in Taiwan look like they’re here to stay. The office space market in the
Traders work on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Early close We’ll get a short trading day on Christmas Eve with the stock market closing at 1 p.m. ET and
President Donald Trump gestures toward journalists shouting questions as he departs the White House May 29, 2018 in Washington, DC. Win McNamee | Getty Images President Donald Trump is the favorite candidate of America’s millionaires — and his support seems to be strengthening. Asked which candidate they support for president in 2020, 36% of millionaires
Todd Combs, portfolio manager and investment officer of Berkshire Hathaway Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Friday, July 12, 2019. Patrick T. Fallon / Bloomberg / Getty Images Geico, the auto insurer owned by Berkshire Hathaway Inc, on Monday named
Peter Cade | Getty Images To Roth or not to Roth? That may not be the question as William Shakespeare phrased it. But it is the question you should be asking yourself when saving retirement money in an individual retirement account. New research from TD Ameritrade finds that many individuals are confused when it comes
Roth IRA strategies will be much more attractive under the new SECURE Act. Getty It’s not a surprise to find that there are several advantages to a Roth IRA: they can grow tax-free, they are not subject to Required Minimum Distributions (RMDs), and they can pass tax-free to a spouse or heir. The new SECURE
Getty Nobody likes to pay taxes. But prosecutors allege that Thomas and Michelle Selgas disliked paying taxes so much that they hid money from the government and conspired with their lawyer to evade taxes. In 2003, Thomas Selgas co-founded a company called MyMail. A couple of years later, MyMail settled several patent litigation lawsuits, resulting
Person’s Hand Holding Wooden Blocks Placing Last Alphabet Of Word Rent Getty While conventional wisdom may hold that buying a home is the smarter move, the reality is that sometimes it actually does make more sense to rent. If you’re debating between the two, read on below. I’ve laid out three scenarios where it makes
Boeing Co. 737 fuselage sections sit on the assembly floor at Spirit AeroSystems in Wichita, Kansas. Daniel Acker | Bloomberg | Getty Images Boeing said Monday that it told suppliers to halt shipments of 737 Max parts for a month starting in January, providing new visibility into how the worldwide grounding of the bestselling plane
Traders work on the floor of the New York Stock Exchange (NYSE) on July 10, 2019. Spencer Platt | Getty Images After a record-breaking 2019, Wall Street generally expects much more modest gains for stocks next year. But for investors looking for ways to beat the market, Goldman Sachs has a portfolio that it expects
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City. JOHANNES EISELE / AFP / Getty Images America’s wealthy are showing increased levels of anxiety about the economy and stock market headed into 2020, but overall sentiment from the wealthy remains baseline optimistic. Most
Morgan Stanley has flagged 29 Chinese stocks that are most likely to benefit from the completion of a phase one deal between the U.S. and China. Nearly half of them are from the information technology sector, which has been hit by the trade war as those companies have been on tariff lists. Eight are from