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  • As the Dallas metro area begins to assess the damage from Tuesday’s storm, the Red Cross released a preliminary estimate of 650 damaged homes, while no fatalities have yet been reported. Injuries were reported throughout the area, while at the Dallas-Fort Worth International Airport flights were canceled and many travelers had no choice but to sleep in the airport overnight. The slow-moving storm left thousands without power. The National Weather Service said as many as a dozen twisters touched

    A day after up to a dozen twisters struck the Dallas metropolitan area, residents are trying to salvage their belongings. Click ahead for photos from the area.

  • With the 2012 MLB season getting under way, the biggest moves in baseball’s off-season were focused on the teams rather than the players. The league shook up the playoff structure, adding an additional one game wild-card round, while also announcing that the Houston Astros will become an American League team in 2013. More recently, the financially troubled L.A. Dodgers were auctioned off, with a record-breaking bid of $2.15 billion coming in from an investment group that included former NBA star

    With all the money involved in the sport, the question remains: who are the richest owners in baseball? Click ahead for the Top 10.

  • There are few sensations that can beat the thrill of a frivolous purchase. After struggling all month to make sure that the rent, bills and car payments are paid in a timely fashion, it can be downright exhilarating to blow a big chunk of change on something unnecessary.Sadly, the thrill passes once the next billing cycle kicks in. That $300 pair of shoes may have seemed like a well-deserved extravagance, but now it’s starting to feel like an ill-advised and anxiety-provoking mistake.The morning

    Billionaires can buy every toy that catches their fancy, including antique cars, jumbo jets, and spaceships. What are some of the toys the world’s billionaires have bought?

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    Early adopters want technology that pushes the envelope. Here are some of the elite electronics that let you play at the cutting edge.

  • Mortgage fraud is a growing threat to homeowners and businesses, according to the FBI. With the changing housing landscape come new schemes. Foreclosures and delinquencies have soared over the last few years, and the FBI says that has resulted in an increase in mortgage fraud schemes against distressed homeowners. New original loan fraud investigations, on the other hand, have dropped since there was a decrease in new mortgages in 2011. Mortgage fraud schemes have “some type of material misstate

    Foreclosures and delinquencies have soared over the last few years, and the FBI says that has resulted in an increase in mortgage fraud schemes against distressed homeowners.

  • Although it’s unclear whether the overall U.S. housing market is on the mend, some are doing decidedly better than others, Some, in fact, managed to Even as home sales pick up, it is clear a significant number of homes purchased in today’s market are bought by investors looking to generate rental income, according to the  While price trends are important, sellers also need to be aware of the length of time a property is likely to sit on the market before being bought. The faster that homes sell,

    With inventory high and demand low in many metro areas, it's common for properties to languish on the market. You have a better shot at avoiding that if you live in these cities.

  • The housing market remains shaky amid an improving, broader economy. And after years of declines, homeowners have changed their priorities in home improvement. Duo Dickinson, a home remodeling architect for more than 30 years, has seen his share of ups and downs in real estate. But this time, it is different, he says. Instead of waiting for flush times again, homeowners are scrapping second-home dreams and fancy remodeling projects. They’re focusing instead on staying put and value-focused home

    Man caves? Jacuzzis? Great rooms? Who needs them? Big, fancy and expensive are out; small, utilitarian and frugal are in. Oh, and so is the outdoors!

  • While the terms "houseboat" and "floating home" are sometimes used interchangeably, not everyone realizes the distinction between them. A  sits on a slab in the water and won’t be going anywhere, while a houseboat is capable of propelling off to distant lands and moorings. World travelers may have seen (or even stayed in) the antique wooden boats of Srinagar, India (pictured here) or the canal dwellings of Amsterdam, but this list also includes modern and green aquatic abodes and quickly escalat

    Although the following floating homes might not all be used as permanent residences now, a boat home does have its appeal.

  • As the fiscally troubled nations of Europe struggle with overwhelming debt loads, votes on cost-cutting austerity measures and the implementation of reforms have sparked riots and protests around the continent. Most recently, a union-led general strike in Spain over pro-business labor reforms broke out into violence and destruction as angry protesters clashed with police, blocking roads, and setting vehicles and businesses on fire. The nationwide demonstrations saw clashes with police in such ma

    Votes on cost-cutting austerity measures and the implementation of reforms have sparked riots and protests around Europe. See some of the most recent images from the protests.

  • Earned: $585 Million Firm: SAC Capital Advisors AUM: $14 Billion Although last year’s 8 percent net return by SAC’s flagship multi-strategy fund was among Cohen’s worst annual results (apart from its 19 percent loss in 2008), the fund’s gross return of 16 percent was easily among the best hedge fund performances of 2011. The fund, which charges a whopping 50 percent performance fee, did especially well in discretionary long-short equity, earning most of its gains from energy, retail, and technol

    The managers at the very top of this year’s Rich List bucked the trend of the industry’s lackluster performance.

  • In January 2010, the average credit score in the United States was 692, according to  Today, it’s between 700 and 710, according to John Ulzheimer, president of consumer education at  a credit-monitoring website. In an interview with CNBC.com, he said that reduction of credit-card debt is the main factor behind increased credit scores. “There’s no doubt,” he said.If average credit scores are rising because consumers have begun to pay down their credit-card debts, then economic conditions must be

    Not all states are created equal. Read ahead to see which states have the best credit scores in the country.

  • The grass really is greener on the other side of the fence in some places around the country. According to a U.S. household income inequality has grown by 18 percent since 1967, although this trend has slowed in recent years. Wealth disparity is also proving to be a hot topic during the 2012 election year, with Republican candidate Mitt Romney igniting criticism that his high net worth puts him out of touch with average Americans while the Obama administration struggles with the politically char

    The grass really is greener on the other side of the fence in some places around the country. Here's where the biggest wealth gaps exist.

  • They say that an Englishman’s home is his castle. The phrase might not have literal meaning for most Britons, but buying a castle is not as unusual as you might think. For history buffs or buyers with a romantic imagination, a range of castles are on the market in Britain with the majority in Scotland. A lot of these castles also come with substantial grounds containing parkland, forests or rivers full of fish.The following castle homes are for sale or rent in Britain and are presented in order

    Buying a castle is not as unusual as you might think. Check out the following castle homes that are for sale or rent in Britain.

  • Musicians often have humble beginnings to their careers, sometimes playing on a subway platform or performing on the street for spare change. For the lucky ones who attain musical super stardom, they can afford previously unheard-of luxuries. And some of them buy star-worthy homes.This collection features the habitations of performers from rock to pop and beyond. We’ve got two glamorous homes associated with American Idol, and two not-to-be-believed properties in New York City. Let’s begin this

    This collection features the habitations of performers from rock to pop and beyond. We’ve got two glamorous homes associated with 'American Idol,' and two not-to-be-believed properties in New York.

  • More than one-third of American adults are obese, according to the Centers for Disease Control and Prevention. The obesity epidemic has been going on for decades, and today health-care costs associated with obesity are estimated at $147 billion a year. To be considered obese, a person has a body mass index (BMI) of 30 or higher. With the extra weight comes myriad health issues — obesity contributes to heart disease, diabetes, stroke, and some cancers.Recently, the ranked the 10 most obese metrop

    More than one-third of American adults are obese. Here we take a look at the most obese metro areas in the U.S. and how much their citizens are paying in health-care costs every year.

  • Digital advances are emerging as one of the hottest trends in the home appliance space. Think refrigerators that track your food inventory and expiration dates; washers and dryers you control remotely with a smartphone; robotic vacuum cleaners. “2012 is becoming the year, when connected appliances become more mass marketable and more mainstream,” says Shawn DuBravac, chief economist and director of research for the Consumer Electronics Association, which produces the annual show. The evolution o

    From refrigerators to washers, these machines may control you as much as you think you are controlling them. Click ahead to view some of the coolest smart-tech appliances.

  • Throughout the financial crisis, many national economies have looked to their government and foreign lenders for financial support, which translates to increased spending, borrowing and in most cases, growing national debt.Deficit spending, government debt and private sector borrowing are the norm in most western countries, but due in part to the financial crisis, some nations and economies are in considerably worse debt positions than others.External debt is a measure of a nation's foreign liab

    Some nations around the globe are in considerably worse debt positions than others. Here are nations with the world's greatest debts.

  • Military veterans face a massive adjustment when returning to civilian life. It’s not only a matter of transitioning from an ordered and regimented existence to a civilian’s more autonomous life; about a quarter of all Gulf War –era II veterans (anyone who served after September 2001) are also returning with a service-connected disability. However, disabled vets are working almost as much as non-disabled veterans (an unemployment rate of 9.1 percent in July 2010 vs 8.7 percent, according to the

    We consulted with Debbie Gregory of MilitaryConnection.com, as well as representatives from Military.com, for a list of the industries where the most ex-military personnel find work.

  • The US government is opening up to Cuba. Here are pictures of life in Havana, and what changes the country has been undergoing.

  • How do you suppose professional athletes earn enough riches to afford mansions like the ones seen  and the getaways pictured ? It’s not only their salaries or their prizes, but the endorsement deals, spin-offs and personal brands.  For abundant evidence, see the CNBC slideshow .  While some of these athlete fashion brands are not so well known, one of the following examples was once ubiquitous, one is legendary, and one line of undies is currently modeled by its namesake in a giant ad on the sid

    Some athlete fashion brands are not well known, others are legendary. Here's a collection, including a line of undies modeled by its namesake in a giant ad on the side of a Manhattan building.

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