A story went viral about Alibaba selling a version of Jeff Koons' famous balloon dogs for only $500. But since then, the dogs have disappeared.» Read More
The wealthiest stand to lose the most under President Obama’s proposed budget, while individuals with lower incomes could gain in many different ways. But many of those in between — those with household incomes of $200,000 to $400,000 or so — may not see as much of a difference in their tax bills as they may have feared.
By most measures, the personal finances of Anne Zimmerman, a small-business owner in Cincinnati, have little in common with those of Oracle’s chief executive, Lawrence J. Ellison. The NYT reports.
Mayan end times prophesies aside, it's Washington's Sisyphean effort to balance its books that might bring about Armageddon.
In the economic downturn, financial advisers have been taken to task. But what, exactly, does your wealth manager owe you? And what can you never reasonably expect? The New York Times has answers.
The New York Times reports on some of the biggest provisions in the stimulus bill - the ones that will hit you directly in the wallet.
Raising taxes on the wealthy along with entitlement reform and spending cuts need to be part of any solution to the country’s fiscal problems, Jeff Gural, Newmark Knight Frank Chairman, told CNBC’s “Squawk on the Street” on Monday.
Millions of parents who have taken out loans to pay for their children’s college education have since fallen on tough times because of the recession, health problems and job loss.
In just a couple of hours on Tuesday, two high-level nominees for jobs in the Obama administration took themselves out of the running because of tax problems that they could have avoided. So what sort of mess is lurking in your return?
There are a number of reasons why it would be a bad idea to plan on getting any inheritance from your older relatives, the New York Times reports.
Professionals, like doctors and lawyers and anyone else who might be sued, should work with an adviser to keep creditors from cleaning them out if they lose in court
While salaried employees worked if they could, often from home after Hurricane Sandy, many of the poorest New Yorkers faced the prospect of losing days, even a crucial week, of pay on top of the economic ground they have lost since the recession. The New York Times reports.
The CNBC/Portfolio.com Wealth in America Survey finds Americans painting a deeply grim picture of the current state of the economy. Click ahead to learn more.
The travel industry is bracing for a painful holiday season as people scale back their discretionary spending. But that is good news for anyone who has yet to book a winter getaway, with hotels, airlines and cruise operators introducing last-minute deals to entice vacationers, the New York Times reports.
The wealthier the Californian, a study of tax data says, the less likely he or she is to move to avoid taxes aimed at the rich.
There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them. In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.
New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.
With even the rich feeling financially pinched, businesses are quietly offering discounts on everything from spa services to private jets.
America's richest citizens are feeling optimistic about the economy, especially the future returns in technology, energy, and health care.
Retailers are relying on part-time workers, a trend that has frustrated millions of Americans who want full-time jobs.
In recent years, many retirement experts have been giving the same unwelcome advice: American workers who are not as rich as Warren E. Buffett should retire three or so years later than they had planned — to ensure that they have a large enough nest egg, said the New York Times.
Advisors often see clients' wealth squandered by children, but parents can in fact protect their legacy from irresponsible heirs.
As the market rises, now is the time to guard your portfolio against the volatility that can strike at any time.
Advisors are using exchange-traded funds in clients' portfolios, citing transparency and a demand for lower-cost investments.