CNBC's Jane Wells reads the fine print of the Congressional Budget Office report and reveals the CBO broke the country into five tiers of wage earners. The top 20 percent pay nearly 93 percent of all income taxes, according to the report. At the same time, their incomes are growing far faster than everyone else.» Read More
The gap between short- and long-term interest rates poses some tricky problems for savers, investors and home buyers this year, says the New York Times.
The Internet is loaded with turn-debt-into-wealth scams but here’s one that will actually make you money. Guaranteed.
Many investors missed out on a decent percentage of this year’s rebound, which is typical of investor behavior in sharp market turns, The New York Times reports.
Millions of Americans are paying a high price for a safe place to put their money: extremely low interest rates on savings accounts and certificates of deposit.
With the holidays in full swing, tax season seems like a long way off. But there are only 10 days left to lower your 2009 tax bill. The New York Times has some advice.
"At a time of near universal economic suffering, there should be more openness than ever to the revolutionary and ultimately life-changing realization that you gain, rather than losing, from the progress of the people around you," writes author Michael Medved in this guest author blog.
Investors typically buy foreign bonds as protection against inflation but some strategists say they're really more of a bet against the dollar.
To deter lawsuits, many estate plans include a no-contest clause, which provides that anyone who formally challenges the plan gets nothing, according to the New York Times.
I woke up in Milwaukee this morning to see Maria Bartiromo on Morning Joe challenging Michael Moore on the subject of capitalism. Go Maria!! I had to laugh out loud listening to Mr. Moore freaking out about the top 1% of the population owning 99% of the wealth in the country.
The wealthiest Americans have lost between 20 and 40 percent of their assets over the last year and a half. Michael Sonnenfeldt, founder of Tiger 21, told CNBC how the very rich have reacted.
For many people who do not have bank accounts, or cannot get a credit card, the pre-paid debit cards are irresistible. But their convenience comes with a catch. The New York Times reports.
Warren Buffett tops the list of the biggest losers among America's richest billionaires, with an estimated $10 billion drop in his personal wealth over the past twelve months. That's the result of Berkshire Hathaway's 20 percent stock decline. But Buffett's remaining $40 billion is still enough to maintain his number two ranking on the annual Forbes 400 ranking of the country's wealthiest people.
A fictional version of Warren Buffett assembles a "cadre" of "super-rich" billionaires to "fix" the U.S. government and return "power to the people," in a new book by political candidate and activist Ralph Nader.
Some of the money that fled stocks for safe harbors like money-market funds and government bonds is beginning to return. Even with trillions still sheltered on the sidelines, some $56 billion has poured into equity funds since April.
Greg Fleming, Morgan Stanley Wealth Management president, discusses how uncertainty is impacting the markets and why he believes the U.S. economy is better positioned than most people think.
If you’re like most credit card customers, you’ve gotten notes from your bank in recent weeks.
Greg Fleming, Morgan Stanley Wealth Management president, discusses Fed policy and the notion of "irrational exuberance" in the markets.
The lawyers working to recover the assets of Marc Drier -- a lawyer arrested for defrauding his investors of $700 million -- face unexpected obstacles as they disentangle the web of fraud, says the New York Times.
Renowned investor Jim Rogers thinks the best way to preserve wealth is to make money. His single best investments – his daughters – and Rogers is set on making sure they get the best education possible.
Horst Schulze, Chairman & CEO of Capella Hotel and Resorts, explains how "luxury is changing," and reveals his new strategy geared towards the business traveler.