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  • Bacon Coffin

    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.

  • America's Biggest Wealth Gaps Thursday, 29 Mar 2012 | 12:08 PM ET
    The grass really is greener on the other side of the fence in some places around the country. According to a U.S. household income inequality has grown by 18 percent since 1967, although this trend has slowed in recent years. Wealth disparity is also proving to be a hot topic during the 2012 election year, with Republican candidate Mitt Romney igniting criticism that his high net worth puts him out of touch with average Americans while the Obama administration struggles with the politically char

    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.

  • Not-So-‘Mad’ Ideas About Taxes Sunday, 25 Mar 2012 | 12:12 PM ET

    “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.

  • China's Richest Lawmakers Tuesday, 20 Mar 2012 | 2:12 PM ET
    China's stupendous economic growth over the past decade has led to an increase in its billionaire population, with many of the richest in the country belonging to the political elite.China's National People's Congress (NPC), its highest legislative body, has 2,987 deputies elected from the ruling Communist Party and some of them are the wealthiest businesspeople in the world.The 75 richest members of China's NPC have an average net worth of $1.2 billion. In comparison, the median net worth of U.

    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 Storm, the Little Nest Eggs That Couldn't Thursday, 8 Mar 2012 | 4:05 PM ET

    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.

  • Fed Study of Student Debt Outlines a Growing Burden Tuesday, 6 Mar 2012 | 8:12 AM ET
    cost of education

    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

    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.

  • Tax Code Not Aligned With Basic Principles Tuesday, 21 Feb 2012 | 1:38 PM ET

    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.

  • A man walks past a billboard outside a shopping mall housing luxury brands in Shanghai.

    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.

  • Where the ‘One Percent’ Live Tuesday, 14 Feb 2012 | 9:28 AM ET
    UHNW population: 1,855 With an UHNW population that nearly doubles that of Atlanta, Dallas is home to 1,855 individuals worth at least $30 million, according to Wealth-X. The Dallas area is home to major companies like AT&T, Dean Foods, Texas Instruments and Southwest Airlines. Some of the richest residents include billionaire and former presidential candidate H. Ross Perot, oil magnate Ray Lee Hunt and leveraged buyout billionaire Harold Simmons.

    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.

  • A Secretive Hedge Fund Legend Prepares to Surface Monday, 13 Feb 2012 | 7:00 AM ET
    Louis Bacon, CEO Moore Capital Management LLC

    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.

  • Users of Citibank Bill-Pay App Charged Twice Friday, 10 Feb 2012 | 8:17 AM ET

    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.

  • Car Policy for Less, but Only If You Call Saturday, 4 Feb 2012 | 3:31 PM ET

    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.

  • At 102%, His Tax Rate Takes the Cake Saturday, 4 Feb 2012 | 9:09 AM ET

    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.

  • 10 Richest US Presidential Candidates Friday, 20 Jan 2012 | 11:10 AM ET
    Since 1992, politicians vying for the highest office in America have tried to project a down-home demeanor to endear themselves to the electorate. At the same time, nobody can mount a serious campaign for the presidency without money, and lots of it. So as nice as it is to come off like someone a voter would love to have a beer with, even the folksiest candidate will never make it to the Iowa caucus without a vast war chest.Since it takes money to run for president, it’s not surprising that some

    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.

  • Men, Not Women, Drive Luxury Goods Sales in China Tuesday, 29 Nov 2011 | 6:57 PM ET

    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.

  • Friday’s Deals May Not Be the Best Friday, 25 Nov 2011 | 7:28 AM ET
    Stack of U.S. hundred-dollar bills

    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.

  • Yachts in Asia Get Million-Dollar Makeovers Tuesday, 15 Nov 2011 | 10:21 PM ET
    MF Global website

    Asia’s image-conscious rich are spending big money on adding frills to their million-dollar yachts.

  • How a Financial Pro Lost His House Wednesday, 9 Nov 2011 | 11:25 AM ET
    broke

    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.

 

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