Lowe's Earnings Fall Short of Estimates; Shares Slide
Inside Wealth
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A new study from U.S. Trust suggests that millionaire parents often don't tell their children how rich they are until well into adulthood. In fact, most believed their kids should little about the family's wealth before the age of 25.
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A mystery buyer has agreed to pay a record price in New York of more than $90 million for the duplex penthouse at a Midtown tower, the building’s developer said Thursday.
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Here in one of the richest corners of the country, the tech elite display an ambivalent, sometimes contradictory approach to wealth. Money is a measure of the power of the companies that entrepreneurs have built, rather than a thing to display.
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The freshly minted tech millionaires and billionaires of Silicon Valley, including those benefitting from Facebook’s IPO today, are selling stock earlier and in larger numbers than previous generations of tech tycoons.
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London prices have risen 45 per cent over the past three years, compared to only 15 per cent in Geneva, 17 per cent in Paris and 10 per cent in New York, making London ever more expensive (and desirable) than its western peers.
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New studies show that the wealthy are pulling back from stocks and stashing more of their money into real-estate, art and even diamonds.
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Facebook is expected to be one of the largest one-time wealth-creation events in history. All that new wealth is also expected to generate millions, if not billions, in tax revenues for California. But can Facebook’s Wealth Effect rescue California from its latest budget crisis?
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In these tough market conditions, it could be said that no private jet model is 100 per cent safe. But this has not stopped new types of private jet travel emerging.
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Investing in restaurants has a bad name. But plenty of people find ways to run restaurants profitably and make a good deal of money from the enterprise.
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Many wealthy homeowners consider their household help members of the family, and don’t think about their constant presence as a wage, discrimination or harrassment suit waiting to happen.
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Reaching for the American dream? Your best chances are probably in New York, New Jersey or Maryland, the New York Times reports.
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Real estate prices dipped this year because of reduced mortgage availability and market inertia caused by heavy regulation.
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Horse racing is probably the passion investment most fraught with risk and emotions. With the elation of a big victory come the dreams of high breeding fees, and smart owners know that the price paid for a horse has nothing to do with its fate.
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Short term rentals in private homes is a big business for Louisville residents on Derby day.
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The two groups donate substantially, and look to support for non-profits that are as inventive and different as they are.
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Getting away from it all gets harder and harder, as cell phones and 4G devices keep us tapped into our lives. These 10 getaways take up that challenge, spiriting you away from worldly cares.
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The following is a list the most expensive of the sporting events that had the most expensive luxury box suites, from baseball to basketball to football and more.
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CNBC's "Power Lunch" team assembled a gallery of the best known art collectors from the financial world. Click ahead to see who made the list.
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Wall Street isn’t normally the place to go to talk about fine art, but Sotheby’s big spring art sale in New York has financial players buzzing about blockbuster paintings being offered and possibly bought by some of their own.
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The invasion of the super-rich has a social impact, diluting what is referred to as the “civic” quality of the cities they have adopted as their playgrounds.
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Investing in a movie seems a risky proposition. But movies can be more than glamorous: for a serious investor there are many ways to make money in films that have little to do with box-office success.
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Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.