While Ferraris claimed all but one of the top 10 spots for the most expensive cars auctioned in 2014, Ferraris were not the biggest gainers in terms of price.» Read More
Federal regulators are investigating whether California violated securities laws and failed to provide adequate disclosure about its giant public pension fund, according to a person with knowledge of the investigation. The New York Times reports.
Behind the screen, the burdens of life as Bernie Madoff’s son — the continuing suspicion from the public, the harsh accusations in numerous lawsuits, and his exile from the world of Wall Street — steadily became unsustainable.
Retailers are adding features like aromas, photos and recorded messages to make gift cards more attractive.
Investor exuberance as evidenced in a recent survey of fund managers may have foretold the current market selloff.
While the growth of income inequality in the United States is shocking and is surely transforming the economic and political landscape, that transformation may be very different from what many analysts expect.
New research shows that one of the first signs of impending dementia is an inability to understand money and credit, contracts and agreements., reports the New York Times.
Bank of America and GMAC are firing up their formidable foreclosure machines again, after a brief pause, but homeowners are asking why lenders often balk at short sales. The New York Times reports.
Economics was founded by moral philosophers, and links between the two disciplines remain strong. So why won’t economists make judgments on the gap between rich and poor?
The rich are sitting firmly in the public cross hairs, especially as the economy continues to stumble. Reports that Wall Street bonuses will again be high, and the debate in Congress over tax increases for the wealthy, just add to the outrage.
Warren Buffett keeps his #2 slot on the new Forbes 400 list of the Richest Americans, released tonight (Wednesday). The magazine estimates Buffett's fortune at $45 billion. That's $5 billion more than last year's $40 billion.
A growing number of people in their 50s and 60s who desperately want or need to work to pay for retirement are starting to worry that they may be discarded from the work force — forever.
In the debate over the effect of the expiring Bush tax cuts on small business, it’s already possible to do the math. And the Obama administration is pointing to the tax savings that all small-business owners would reap from its own plan to extend the cuts at all but the highest income levels — if, that is, the alternative is letting the cuts expire altogether.
Shaken by what seemed to be an earthquake in the world’s financial markets two years ago, millions of retirees fled to safety, shifting their holdings into safer investments. What should they do now? The NYT reports.
Even if the Bush tax cuts for the wealthy—those making over $250,000 a year—are taken away, it doesn’t necessarily mean they’ll be paying more in taxes, according to one tax expert.
The practices that consumers have adopted in response to the economic crisis ultimately could...make them happier. New studies of consumption and happiness show, for instance, that people are happier when they spend money on experiences instead of material objects, when they relish what they plan to buy long before they buy it, and when they stop trying to outdo the Joneses.
There is a wealth-gap crisis in the United States that is threatening African-American families, Robert Johnson, chairman and founder of the RLJ Companies, told CNBC Monday.
There is nothing like an inquisitive child to make you realize just how complicated the topic of money is.
Here's something that the struggling hotel sector prefers not to spotlight: it is a favorite target of hackers. The NYT reports.
After months of haggling, the terms of financial reform are set in Congress. The New York Times explains how this will impact your wallet.
The world's wealthiest people can, and often do, surround themselves with bodyguards, travel in armored cars with bullet-proof glass and live within well-guarded fortresses. Still, no one is completely immune to murderous plots — not even billionaires.
Mexico's image as an emerging-market star has taken a pounding in recent weeks but here's why investors shouldn't give up, says UBS's Jorge Mariscal.
Contrary to stereotypes, millennials are a savvy generation to which advisors would be wise to tailor marketing efforts.
Want to avoid taxes on Roth IRA conversions? Choose a "backdoor" Roth or wait for a life event to lower your bracket.