Every spring hundreds of yachts migrate from the Caribbean to the Mediterranean and some of them do it by boat, reports CNBC's Robert Frank.» Read More
The practices that consumers have adopted in response to the economic crisis ultimately could...make them happier. New studies of consumption and happiness show, for instance, that people are happier when they spend money on experiences instead of material objects, when they relish what they plan to buy long before they buy it, and when they stop trying to outdo the Joneses.
There is a wealth-gap crisis in the United States that is threatening African-American families, Robert Johnson, chairman and founder of the RLJ Companies, told CNBC Monday.
There is nothing like an inquisitive child to make you realize just how complicated the topic of money is.
Here's something that the struggling hotel sector prefers not to spotlight: it is a favorite target of hackers. The NYT reports.
After months of haggling, the terms of financial reform are set in Congress. The New York Times explains how this will impact your wallet.
The world's wealthiest people can, and often do, surround themselves with bodyguards, travel in armored cars with bullet-proof glass and live within well-guarded fortresses. Still, no one is completely immune to murderous plots — not even billionaires.
At a time when many banks have become notorious for taking money away from checking account customers, a start-up is planning to double what it’s putting back in account holders’ wallets.
If you’re an investor in BP and rely on dividend income to pay your daily expenses, rememeber that relying on one stock or even a handful of stocks is incredibly risky.
A Texas pipeline tycoon who died two months ago may become the first American billionaire allowed to pass his fortune to his children and grandchildren tax-free. The NYT reports.
Mutual fund management companies receive handsome fees from people who often have no idea whether they are getting a good deal. For the most part, they're not, says the NYT.
Nine out of ten rich people are concerned they may not be able to get richer. Two out of three are “very” concerned. And over half are worried they may not be able to stay as rich as they are now.
An excerpt from Peter Buffett's new book, Life is What You Make It: Find Your Own Path to Fulfillment, in which he explains why he has no regrets about his decision years ago to sell his inheritance, Berkshire Hathaway stock that would be worth $72 million today.
Kentucky is the heart and soul of the nation’s thoroughbred industry, and when it hurts, so do farms across the country. The NYT reports.
Among debt collectors, Steven Katz is known as a “credit terrorist.” For years, he has run what he calls the Steven Katz School of Bill Collector Education, otherwise known as the “credit terrorist training camp.”
In the scramble to find anything to generate more revenue, states are considering new taxes on virtually everything: garbage pickup, dating services, bowling night, haircuts, even clowns, reports the New York Times.
In its annual ranking of the world's richest people, Forbes lists the 70 year old Slim as number one with a net worth of $53.5 billion after adding $18.5 billion over the last year to his wealth.
For the first time in a decade, Warren Buffett is not one of the two richest billionaires in the world, as ranked by Forbes magazine.
The annual Forbes billionaire face-off is back. And this year the billionaires are back, too. In 2009, a financial bloodbath slashed the assets of the world's wealthiest in half. In 2010? A revival.
When Forbes releases its annual ranking of the world's richest billionaires tomorrow (Wednesday), it appears likely Warren Buffett will once again come in behind his friend and online bridge partner, Bill Gates.
As retiring Baby Boomers flee to safer investments, some analysts fear there will be too many stocks and too few investors. But a lot depends on how much Boomers can really afford a conservative investing style as they try to recover from a lost decade for the stock market.