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
Philippines has ambitions to join Macau and Singapore among the ranks of Asia's top gaming destinations. Buoyed by stellar economic growth, the casino rush is starting.
Nutrition company Herbalife plans to host an analyst day shortly after the New Year, in response to a battery of charges leveled at the company by hedge fund guru Bill Ackman.
Hedge Fund guru Bill Ackman strongly defended his characterization of Herbalife,as a "pyramid scheme" on Thursday, telling CNBC that the nutrition company was luring "millions of low income people around the world" into a system he called fraudulent.
Hedge-fund manager Bill Ackman is short Herbalife and has told people he considers the business a “pyramid scheme.” Herbalife CEO Michael Johnson sharply denied the allegations.
Currently, couples can give away $10 million in lifetime gifts without paying transfer taxes, but President Obama has now proposed that couples be limited to $1 million in gifts, and any additional gifts be taxed at 55 percent. CNBC's Robert Frank has the details.
Europe's leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.
From outside Michigan Republican circles, it appeared that the Republican drive to weaken unions came out of the blue - proposed, passed and signed in a mere six days.
CNBC's Robert Frank reports some high-profile billionaires, including Warren Buffett, John Bogle and Norman Lear, are calling on Congress to raise their taxes.
U.S. authorities are investigating Steven A. Cohen's SAC Capital Advisers hedge fund for alleged insider trading in the shares of the popular diet company Weight Watchers International, according to people familiar with the matter.
British retail billionaire Philip Green on Thursday sold a 25 percent stake in Topshop and Topman to U.S. private equity firm Leonard Green and Partners in a deal that values the popular high street chain at 2 billion pounds.
CNBC's Robert Frank takes a look at what would happen to the nation's wealthiest individuals if lawmakers do not reach a debt deal.
CNBC's Robert Frank takes you inside one of the world's most expensive apartments in the "Million Dollar Minute."
Warren Buffett, Berkshire Hathaway chairman & CEO, and Carol Loomis, Senior Editor-at-Large at Fortune Magazine, talk about the "Buffett Rule" and tax reform. "What you'll get from me is 35%," Buffett says.
Warren Buffett, Berkshire Hathaway chairman & CEO, and Carol Loomis, Senior Editor-at-Large at Fortune Magazine, talk about the investment style of the billionaire investor. He is a consistent thinker, adds Loomis.
CNBC's Robert Frank offers advice for the Powerball Jackpot winner. Carol Pepper, Pepper International, weighs in. "If you win, the first thing you should do is not tell anyone until you get a security plan in place," she says.
The Powerball Jackpot is now $500 million. CNBC's Robert Frank spoke with wealth advisors of the super-rich who offered tips for the winner of the jackpot.
U.K. soccer team Chelsea have this week sacked their eighth manager in nine years which has lead to criticism from numerous pundits and fans up and down the country. It’s also raised questions about the owner of the team, Roman Abramovich’s style of management and why people would want to work for him.
CNBC's Kate Kelly has the latest details on hedge fund billionaire, Steve Cohen.
Discussing whether tax hikes will stall the economic recovery, with Abigail Disney, Fork Films president; Casey Mulligan, author of "The Redistribution Recession;" and Grover Norquist, Americans for Tax Reform president.
John McAfee, founder of McAfee Anti-Virus, is on the run from police in Belize who want to question him about his neighbor's murder. McAfee speaks to CNBC's Robert Frank & Brian Sullivan about his situation.