The sale of 10 percent of Ferrari may be the ultimate auction for fans of the supercar. A look at the billionaires who might be ready to grab a piece of the action.» Read More
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.
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.
Asset size, number of heirs, life events, tax law and even the economic climate can impact how you should craft your estate plan.
Record-breaking market highs have led investors to forget that accepting risk is inherent in any long-term investment strategy.
Americans say medical costs in retirement are their biggest financial concern, yet most have not factored this into their plans.