CNBC's Robert Frank reports affluence was used as a defense for a Texas teenager charged with killing 4 pedestrians while driving drunk. Because he was rich, he said, he didn't know any better.» Read More
I'm looking forward to winning tonight's Mega Millions lottery, now up to $640 million, with a cash option of $462 million. I'll take the cash. I've already started contemplating how to spend it in this life - and for the afterlife.
The grass really is greener on the other side of the fence in some places around the country. Here's where the biggest wealth gaps exist.
“Mad Men” plays to fantasies of louche living, but it also gives credibility to the liberal belief that high taxes won’t constrain the rich.
The 75 richest members of China's National People's Congress have an average net worth of $1.2 billion. Check out the list.
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.
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.
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.
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.
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.
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.
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.
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.