Wealth
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Property is the main source of wealth for China's wealthiest women, a sign that the sector remains one with huge growth potential even as it contends with cooling measures, research firm Wealth-X said on Wednesday.
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After the stock market sank in 2008, many investors lost money from their 401(k)s, leaving those who are looking to retire strapped for cash, the New York Times reports.
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As many as 27 percent of the 37 million student-loan borrowers have past-due balances of 30 days or more, a Federal Reserve Bank of New York report showed. The New York Times reports.
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Warren Buffett's live appearance on CNBC's Squawk Box on February 27, 2012 generated some headlines as he said single-family houses are a bargain right now, revealed Wells Fargo is his favorite bank stock, and recalled the advice he gave Steve Jobs a couple of years ago on what to do with Apple's cash. You can read the entire three-hour conversation in this downloadable PDF transcript.
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With its relatively heavy taxes on labor, light taxes on unearned income and broad ranges of rates within the same income levels, the American tax code violates fundamental principles of income taxation. The New York Times reports.
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Chinese shoppers have become a fixture of the luxury retail scene in the US and Europe, drawn by much cheaper prices than at home. But many upscale brands have yet to bond with China’s million millionaires. The Financial Times reports.
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Who are the one percent, and where are they from? According to Wealth-X, the United States is home to 57,860 such individuals. Find out which cities they call home.
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On the heels of weak performance in 2011, Louis Bacon has to reveal information about $15 billion Moore Capital to the SEC — and he’s not happy about it.
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A technical bug caused Citigroup, the nation’s fourth largest bank by deposits, to double the charge for online customer bill payments in recent months. The New York Times reports.
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Most consumers know that they aren’t going to get a courtesy call from their service providers telling them they qualify for a better deal. Yet they still fail to review their policies or contracts each year to make sure they’re getting the lowest rates possible.
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Is it possible to pay more than all of your taxable income? For one businessman, an eye-popping bill can be traced to punitive U.S. tax polices. Meet Mr. 102%. The New York Times reports.
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CNBC.com ranks the 10 richest people who have sought the U.S. presidency since 1992. Check out the list!
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The concept of profits has never been in favor among those who think that making a profit is the exploitation of labor.
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Contrary to what might be a popular perception, men and not women make up the bulk of consumers buying luxury goods in China. Over the past 12 months, Chinese men on average spent 61 percent more than women on fragrances and 52 per cent more on watches, according to McKinsey.
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Oren Etzioni writes articles about artificial intelligence for scholarly journals, is a renowned expert on data mining and gained fame when Microsoft paid $115 million for Farecast, an airline-ticket price predictor he founded.
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Asia’s image-conscious rich are spending big money on adding frills to their million-dollar yachts.
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A financial planner recounts how he and his family fell victim to the housing boom and bust and how they survived the ordeal in this story from the New York Times.
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The recent fluctuations in gold prices have not deterred Asia's rich investors, who continue to bet on the yellow metal.
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While price growth and transactions have slowed in Singapore's luxury property market, selective buyers, many of them from China and Indonesia, continue to snap up niche upmarket properties in tony areas like Sentosa Cove.
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We’ve compiled a list of Asia-Pacific’s10 richest families. Find out which families are among the wealthiest in the region.
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Family offices, a personalized wealth management service, is fast gaining currency with India’s rich who are often reluctant to take professional advice.