Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The greatest wealth transfer in history is underway, according to a new report.
A study from the Boston College Center on Wealth and Philanthropy projects that $59 trillion is expected to be passed down to heirs, charities and taxes between 2007 and 2061.
The study said heirs will receive $36 trillion over that period, while federal estate taxes will receive $5.6 trillion.
Read MoreChina's millionaire machine slows
Total gifts to charity during the period of the study are expected to be more than $27 trillion, which includes sums from final estates (with no surviving spouse) as well as total lifetime giving.
The study assumes economic growth rates of 2 percent and the extension of current tax provisions. If the economy grows at 3 percent a year, charitable giving could reach $40 trillion, according to the study.
"The estimates of wealth and philanthropy we highlight in the report are conservative and probably represent the floor rather than the ceiling of what is in store for philanthropic giving," said Paul Schervish, director of the Center on Wealth and Philanthropy. "The most important finding in the study is the continued abundant and growing financial capacity for philanthropy."
The estimate marks a big increase from Schervish's previous projection and is likely to spark new debate. In 1999, Schervish co-authored a study with John J. Havens predicting that between 1998 and 2052, at least $41 trillion would be passed down. The number was hailed by many in wealth management and philanthropy circles, but greeted with skepticism by others.
Michael J. Weiss wrote in Ad Age that the "impending generational transfer of wealth in America may be more myth than reality" because of a weak economy, sputtering stock market and faltering Social Security system.
Russell N. James III penned a critique in the American Review of Public Administration called "The Myth of the Coming Charitable Windfall," saying that estate gifts are largely offset by a reduction in current giving.
An analysis done by Edward Wolff at New York University and Maury Gittleman at the U.S. Bureau of Labor Statistics in 2011 found that "there is little evidence of an inheritance 'boom.'" In fact, between 1989 to 2007, the share of households reporting a wealth transfer fell by 2.5 percentage points.
Of course, the future will tell. But so far, forecasts of a giant wealth cascade to heirs and charity have yet to materialize.
—By CNBC's Robert Frank.