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Top News & Analysis New York City

  • New Wave of Properties Renting for $100,000/Month

    CNBC's Robert Frank takes a look at what's happening with rentals for the super-rich.

  • The value of the average home in the U.S. in April was $147,300, according to the real estate website  The home of the professional athlete, however, is likely to be anything but average.The professional athlete is often a distinct type of home buyer who’s different from the average American, in part because the contract and endorsement money makes possible the purchase of colossal, multimillion-dollar homes. However, these athletes can have serious problems selling off real estate.A multimillio

    The average U.S. home value is $147,300, but a professional athlete's home is anything but average. Read ahead to see 10 of the coolest athlete homes on the market.

  • Location: Berkeley, Calif.This small and very green two-bedroom home designed by  incorporates more than 100 salvaged car roofs on its second-story walls. The roofs were harvested from gray cars that were left for scrap at junkyards. The awnings were formed from Dodge Caravan side windows. (The firm’s website points out that what was once America’s bestselling minivan is now one of junkyards’ most commonly found minivans.) The first floor exterior walls are lined with poplar bark, a waste produc

    As the world gets more crowded and landfills fill up more of the land, people are looking for ways to build homes using fewer raw materials and more repurposed old materials.

  • Gupta Exits Federal Courthouse

    Rajat Gupta leaves the Federal Courthouse in New York City after receiving a guilty verdict on four of six criminal counts in his insider trading trial. CNBC's Bertha Coombs, reports the details.

  • One 57 Manhattan

    High-end New York brokers were asked: If your client were spending $30 million or more, what five apartments would you show them?

  • An urban beekeeper inspects part of her colony of Italian honeybees on the roof of her Brooklyn building. Beekeeping is a growing phenomenon among environmentally-conscious urban dwellers in cities nationwide, and practioners cite the health benefits of natural honey as well as the boon to gardening that bees provide by pollination.

    An iconic hotel in the heart of midtown Manhattan is buzzing with thousands of tiny new visitors. But watch out: They'll sting if you get too close.

  • How much can you get for $1 million in today’s real estate market? The answer, of course, varies depending on where you’re looking to buy. In the wake of the U.S. housing crisis, consumer confidence and home values fell sharply, while prices in some cities are less than half of what they were in 2007. In many local markets, however, such as in New York, San Francisco, Anchorage, Alaska, and Omaha, Neb., people on the front lines are optimistic about a recovery in sales volumes, prices and buyer

    CNBC.com surveyed real estate agents in 18 U.S. cities to gain individual perspectives on the health of America’s local real estate markets. Check out the list!

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    Public pension funds across the country are facing a painful reckoning. Their projections look increasingly out of touch in today’s low-interest environment, and pressure is mounting to be more realistic, the New York Times reports.

  • Technically, the recession is over, and on paper, there has been positive job growth for months. Unfortunately, “technically” and “on paper” don’t cut it for people who have been out of work for a long time. For the long-term unemployed, it’s time to start thinking outside of the box and looking for work that falls outside of the parameters of the everyday.What follows is a list of jobs that are obscure, unheard-of or otherwise out of the ordinary. Some of them pay well, some have salaries that

    For the long-term unemployed, it’s time to start thinking outside of the box and looking for jobs that are obscure, unheard-of or otherwise out of the ordinary.

  • In 1968, pop artist Andy Warhol said: "In the future, everyone will be world-famous for 15 minutes." Unlike most of his art, the saying found a foothold in pop culture, and to this day it’s commonly used to describe the here-today-gone-tomorrow status of many celebrities.Like reality show stars and pop singers, professional athletes are celebrities, too, and for every Michael Jordan who parlays his athletic stardom into successful business ventures, there are dozens of others who burst into the

    For every Michael Jordan, there are dozens who have just a brief moment in the sun. Read ahead to see athletes who faded away after their 15 minutes of fame.

  • Nasdaq Annual Meeting & the Facebook Problem

    CNBC's Kayla Tausche reports the Nasdaq holds its annual meeting today in New York City. The agenda is expected to include what caused Facebook's IPO trading glitch.

  • The career of a professional athlete on the field doesn’t last forever. The shrewd ones know that, and for those who want their money to work for them beyond age 40, having a solid plan B is of paramount importance. So they start thinking about ways to invest their money wisely to make it last a lifetime.Often, athletes will put their money back into sports. After hanging up his jersey, Michael Jordan invested his money in the Charlotte Bobcats basketball team, and although LeBron James is still

    By now, most people have gotten the memo that there’s money to be made in technology, including professional athletes. Check out the athletes who have chosen the tech sector as their next arena of competition.

  • Ira Sohn Conference: Einhorn's Top Stocks?

    Anticipating David Einhorn's top investment picks from the Ira Sohn Investment Conference in New York City and sharing their trades on PepsiCo, precious metals and more, with the FMHR crew. Rich Ilczyszyn, iiTrader.com, weighs in.

  • For those who love to shop, the search for that must-have item can be as fun as owning the actual product.  And some cities offer shoppers a bounty of options. So, where are the top shopping destinations around the globe?To find out, CNBC spoke with a team of editors at a trend forecasting firm that has been analyzing the retail industry for more than 80 years. To choose the world’s best cities for shopping, the analysts at Tobe compared a variety of city characteristics, as well as what the loc

    For those who love to shop, the search for that must-have item can be as fun as owning the actual product. Here are the top 10 international shopping destinations.

  • New York City skyline

    Reaching for the American dream? Your best chances are probably in New York, New Jersey or Maryland, the New York Times reports.

  • Macy's Falls in Pre-Market

    Macy's reported Q1 profits at $0.43 per share versus a $0.40 estimate, but guidance is below Wall Street forecasts. Charles Grom, Deutsche Bank senior analyst and Liz Dunn, Macquarie Group analyst, share perspective.

  • In the immortal words of Barbra Streisand, people who need people are the luckiest people in the world. But what about the rest of us? We don’t all have what it takes to be gregarious, and outgoing, and one’s ability to be sociable, or lack thereof, can affect the type of employment one ends up taking.The extroverted have a bevy of jobs that let them press the flesh. There are sales, management, life coaching, and any number of other jobs that demand constant interaction with others. On the othe

    Many jobs that let reserved types work in solitude offer poor salaries and unchallenging work. But there are other careers that are stimulating, well-paying and require little human contact.

  • There are two main ways to get a luxury suite, explains Scott Spencer, president of . The first is to lease one, which is a considerable commitment of time and money. “On the extreme side, the Dallas Cowboys require a 20-year lease agreement for those who want to become suiteholders.  The New York Yankees and Madison Square Garden don’t require as long a commitment, but they have some of the steepest prices in the industry - some suites at Yankee Stadium go for over $800,000 per year and the ver

    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.

  • Monaco

    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.

  • World Trade Center Back on Top

    Today marks an important milestone for New York City. One World Trade Center will lay claim to the title of the city's tallest skyscraper. Mike Mennella has overseen the project for Tishman Construction since the day after 9-11.