American universities produce the majority of the world's billionaires, according to this year's Wealth-X and UBS Billionaire Census report.» Read More
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.
What will the next stage of the downturn be about? It is likely to revolve around the worst slump in worker pay since the Great Depression, says the New York Times.
Americans are taking on more debt than they are shedding, indicating a more resilient recovery is near.
A study of college freshman shows that 86 percent want to be financially well-off -- up more than 10 percent from last year.
Some veteran investors say that the sell-off has gone much too far and stocks are poised to rally powerfully if the downturn is less severe than investors fear.
When Hiroki Takeuchi joined McKinsey & Company in 2008, he had a front-row seat to the upheaval in finance. After the collapse of Lehman Brothers, Mr. Takeuchi, a 26-year-old Oxford graduate, worked with some of the world’s biggest banks trying to figure out how to adjust to new regulations and a changed market. Then he quit, the New York Times reports.
Just weeks after losing his title of "America's Richest Billionaire," Warren Buffett is number one again. Forbes Magazine is out with a September update to its Forbes 400 list of the richest people in the United States. October may be another story.
As Asia Slows, Luxury Watchmakers Count on Elite Buyers
Is this a good time to put all your investments in cash, just for a little while, until things calm down? Almost certainly not.
QTIPs, are often used to guarantee an inheritance to children of an earlier marriage.
During the crisis, so-called smart money seems to be avoiding three categories: index funds, dividend-paying companies and small-caps. On paper, that seems to make perfect sense. In fact, some of these ideas haven’t panned out, says the New York Times.
What is a regular investor to make of it all? What about people who have money in bank accounts? The New York Times provides some answers to questions that are probably on your mind.
Doormen, swimming pools, dry-cleaning – these are some of the perks one expects at pricey Manhattan apartments, but now you can add concierge services for dogs to the list.
After six months as the reigning "World's Richest Billionaire," Warren Buffett has lost his title, and a few billion dollars. The Forbes 400 list of the richest Americans has just been released, and Buffett's friend Bill Gates, the former Microsoft Chairman, is at the top of the rankings, with an estimated net worth of $57 billion. That tops Buffett's $50 billion, although he's still number two out of 400 on the Forbes list of the nation's super-rich.
Just as the slowing economy has made access to cash a higher priority for a lot of small businesses, banks have been offering “small business” credit cards, the New York Times reports.
Cash is an increasingly attractive asset, says the New York Times. How much money should you pull out of the market? Once you have decided, here are some means of reaching your cash management goals.
The publicity machine is getting revved up for the release later this month of the new authorized biography of Warren Buffett. This morning, more than 400 Sunday newspapers around the country featured Parade Magazine with a smiling Buffett on the cover. The somewhat optimistic headline: 10 Ways to Get Rich - Warren Buffett's Secrets That Can Work For You.
In this volatile market, investors have been understandably preoccupied with the day-to-day swings in stock prices. But instead of fixating on ticker movements, you might better spend your time paying attention to how this slide is affecting your long-term asset allocation strategy.
If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall.
The Internal Revenue Service expanded dollar limitations for some pension plans based on cost-of-living adjustments.
It’s never too early to involve your children in money matters.
Workers often roll existing 401(k) funds into new IRAs, but there are at least 4 scenarios where doing so could be a mistake.