The "Ferrari Index" is up 18 percent this year, reports CNBC's Robert Frank. Collectible car sales topped $1 billion this year.» Read More
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.
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.
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.
CNBC.com ranks the 10 richest people who have sought the U.S. presidency since 1992. Check out the list!
The concept of profits has never been in favor among those who think that making a profit is the exploitation of labor.
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.
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.
Asia’s image-conscious rich are spending big money on adding frills to their million-dollar yachts.
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.
The recent fluctuations in gold prices have not deterred Asia's rich investors, who continue to bet on the yellow metal.
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.
We’ve compiled a list of Asia-Pacific’s10 richest families. Find out which families are among the wealthiest in the region.
Family offices, a personalized wealth management service, is fast gaining currency with India’s rich who are often reluctant to take professional advice.
Asian financial markets have shown in recent months that they remain extremely vulnerable to economic shocks, but some investors have been riding this volatility, using the selloff to shop for cheap stocks and bonds and investing in esoteric products to profit from the turmoil.
If the European Union works out a "credible, convincing debt program," sovereign wealth funds may see it as an opportunity to invest, Jin Liqun, chairman of the board of supervisors for China Investment Corporation, told CNBC Friday.
While the headlines brim with tales of the euro zone debt crisis, rising inflation and people like Nouriel Roubini warning of an approaching hard landing in China, there’s evidence that some market players, at least, are getting richer.
The “99-percenters” protesting at Occupy Wall Street should think about occupying the C-suites across America as well, at least if their primary complaint is about income inequality. Catherine Rampbell of the New York Times explains.
Excuses, excuses followed by more excuses. When is the broader asset management industry going to put its hands up and say; "We were wrong," or "We really don’t know what we are doing," or even, "I’m going to fall on my sword, sell my five houses on the Wentworth Estate and distribute the proceeds among those foolhardy enough to believe I could make them money"? The answer of course is NEVER!
Freddie Mac used a flawed analysis when it accepted $1.35 billion from Bank of America to settle claims that the bank misled it about loans purchased during the mortgage boom, according to an oversight report scheduled for release on Tuesday.
Warren Buffett's estimated fortune dropped by $6 billion over the past year to $39 billion in the just-released Forbes 400 list of richest Americans. He's the only person in the top 20 to see his wealth drop. But he's also number one on the magazine's ranking of biggest charitable gifts made by members of the Forbes 400 club.