Rent control and the tax break have huge impacts on the New York City housing market, and they're touchy for lawmakers in any year because the real estate industry is one of the biggest political donors in Albany. On the other side, tenant advocates and liberal groups have organized big rallies in New York and Albany to denounce the tax break and urge lawmakers to...» Read More
SINGAPORE, Nov 28- Nathan Tinkler, the former mining magnate who lost his fortune because of a slump in coal prices, expects global mining companies such as BHP Billiton and Rio Tinto to put their coal assets up for sale. The former electrician who became Australia's youngest billionaire by betting on unloved coal assets in pre-boom 2006 only to see his empire...
MADRID, Nov 27- Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after agreeing to buy top shareholder Esther Koplowitz's part of a $1.3 billion capital increase. But the investment of around 700 million euros in FCC, one of the Spain's top employers, is his highest profile move in the country. In a statement to Spain's...
Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.
A 1914 watercolor by Adolf Hitler fetched 130,000 euros ($161,000) at auction in the German city of Nuremberg on Saturday, the auctioneers said.
Indian retailers are struggling to keep up online as e-commerce garner large investments.
Michael Noer, Forbes executive editor, explains how the magazine comprised its list of the world's most powerful people, which includes tech titans, political leaders, and Asian powerhouses.
Billionaire distressed debt investor Marc Lasry tells CNBC that both companies and stocks are bargains.
CNBC.com Managing Editor Allen Wastler reports inequality worrying the wealthy; Steve Ballmer's LA Clippers; and Wal-Mart's category slip-up are the hottest topics on CNBC.com.
One reason why billionaires could be fans of buying sports teams, with CNBC's Josh Lipton.
China may ban Facebook, but not its co-founder Mark Zuckerberg. He delighted an audience of students in Beijing recently by chatting in Mandarin.
Billionaire investor Mark Cuban talks to CNBC about how to change the political conversation to focus on business and success rather than getting bogged down in social issues.
Ashish Thakkar, Mara Group founder, discusses starting a business in Africa and the impact of Ebola on trade.
CNBC's Jon Fortt and Jeffrey Sonnenfeld, Yale School of Management, discuss the two CEOs named to replace Larry Ellison at the helm of Oracle; Mark Hurd and Safra Catz.
This is a Band-aid solution, says Jeffrey Sonnenfeld, Yale School of Management, providing insight into Oracle's management shakeup and other major changes at top-tier companies, including IBM. And CNBC's Jon Fortt, shares insight.
The geography of wealth in America is shifting to the oil/energy states, reports CNBC's Robert Frank, with a look at a new study that shows where the fastest growth of millionaires occurred last year.
Two of the biggest names in real estate are forming a global alliance to create the largest network for homes priced in the top ten percent of the market. CNBC's Robert Frank talks to Howard Lorber, Douglas Elliman chairman and Lord Andrew Hay, Knight Frank, about the global marketplace.
India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.
Activist investor Carl Icahn reported a 6.6 percent stake in Gannett on Thursday, a regulatory filing showed.
An Indonesian man sold millions of dollars of fake French wine to the wealthy was sentenced to 10 years in jail in Manhattan federal court.
Citadel CEO Ken Griffin has filed for divorce from his wife of 10 years. CNBC's Robert Frank has the details of the divorce, as well as a statistic on whether billionaires are more prone to divorce.