Wealth
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A new survey from US Trust shows 88 percent of millionaires feel financially secure, and 56 percent have substantial cash holdings, reports CNBC's Robert Frank. Mark Martiak, Premier Wealth/First Allied and Carrie Coghill, Coghill Investment Strategies, discuss.
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Chinese companies are using new techniques that help make pearls cheaper, throwing the industry into turmoil. The NYT reports.
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There is a lot that is getting better about the U.S. economy but the continued uncertainty on the debt ceiling talks is causing UBS' high-net-worth clients to hold on to more of their cash, Robert McCann, CEO of the Wealth Management Americas business, told CNBC Thursday.
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Americans who illegally download songs and movies may soon be in for a surprise: They will be warned to stop, and if they don’t, they could find their Internet access slowing to a crawl, the New York Times reports.
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After steadily climbing for several years, the number of Americans filing for bankruptcy is on the decline, though that is not necessarily an indicator of an improving economy the New York Times reports.
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To adapt the exchange between Ernest Hemingway and his literary agent: the super-rich are very different from the rich. They have even more money, according to the FT.
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Laurence Graff, who has sold his luxurious diamond jewelry to everyone from Oprah Winfrey to Arnold Schwarzenegger, sees serious potential in Asia's rising number of wealthy shoppers and is making a big push into China.
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The different styles of investors in Europe and Asia pose unique challenges for the bankers managing their money.
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I've been covering the reported sale of Candy Spelling's mega mansion in Holmby Hills, just around the corner from Hugh Hefner's Playboy Mansion. Hef, the new neighbor is your kinda guy.
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According to reports, Petra Ecclestone's father, Formula One boss Bernie Ecclestone, has bought his daughter a 56,500-square-foot mansion (plus the 17,000-square-foot attic) that Candy Spelling has had on the market for $150 million, the highest U.S. home price ever.
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Should the government confiscate all wealth from the dead by imposing a 100 percent inheritance tax?
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Fans of rock groups can get a little testy when their heroes display a less than straightforward attitude to their tax affairs. The latest victim of this is U2, one of the world’s biggest stadium rock bands, which will face protests during its high-profile set at Glastonbury this year.
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After 33 years of marriage, Steven Simkin and Laura Blank divorced in 2006. They agreed to split their considerable wealth equally. More than two years later, Ms. Blank received a voicemail message that stunned her: Mr. Simkin wanted to revise their settlement. She refused, and he sued, the New York Times reports.
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In an era where divorce tourism is becoming increasingly common, with the globe-trotting super-wealthy trying to split up wherever will give them the best deal, London has the potential to become the divorce capital of the world.
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See what's happening, who's talking and what will be making headlines on Thursday's "Squawk on the Street."
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Prince William and Kate Middleton’s wedding is about to showcase a Royal Britain to billions of TV viewers around the world. But the real truth behind Windsor Money is as surprising as any fairytale.
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Student loan debt outpaced credit card debt for the first time last year and is likely to top a trillion dollars this year as more students go to college and a growing share borrow money to do so, reports the New York Times.
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Today I hit the big 5-0. That noise you hear is me shuddering. I'm trying to make light of it all to mask the pain — "If I'd known Depends were so convenient and useful, I would've started wearing them at 40!"
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In Wisconsin, new pension cost estimates are expected to show that contribution levels are too meager and more money will be needed from public workers, the NYT reports.
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Millionaires are more optimistic about the economy but unlike the rest of us, they don’t blow their whole paycheck on videogames and Little Debbie snack cakes. If you want to get rich, you're going to have to get off the couch.
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I present to you—without editorial comment—a bullet list of quotations, taken from an article in The Financial Times, analyzing the makeup of the new Forbes billionaire list.