Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia edged up in Tuesday morning trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.Crimeread more
"The recent Iranian attacks validate the reliable, credible intelligence we have received on hostile behavior by Iranian forces," Shanahan says.Politicsread more
The nation's political capital is also becoming its wealth capital.
Two of the top 10 states for millionaires per capita are in the Washington, D.C., area, with the district itself also making the list, according to a new study.
Maryland once again topped this year's rankings, created by the Wealth & Affluent Monitor and published by Phoenix Marketing International. Fully 170,140 of the state's 2.25 million households are millionaires, shaking out to 7.55 percent.
Virginia ranked No. 8, with 6.64 percent of its households being millionaires. The District of Columbia came in 9th at 6.32 percent.
The rankings are the latest evidence that the U.S. government — with its burgeoning army of lobbyists, lawyers, analysts and investors — is becoming more of a wealth hub.
Measured in total numbers, California, Texas and New York dominated the millionaire count. California has 832,849 millionaire households; Texas 526,977; and New York 444,616.
The biggest gainers from 2015 to 2016 were Utah (17th), Michigan (29th), Arizona (30th) and Ohio (31st). All four moved up five slots. The biggest decliner was New Mexico, which dropped 11 places to 43rd. Its ranking has been dwindling due to weakness in oil and gas markets.
Phoenix Marketing International defines millionaire households as those with $1 million or more in investible assets, which include education/custodial accounts, individually-owned retirement accounts, stocks, options, bonds, mutual funds, managed accounts, hedge funds, structured products, ETFs, cash accounts, annuities, and cash value life insurance policies.
Here are the top five and bottom five states in millionaires per capita. The rankings include Washington, D.C.
1. Maryland – 7.55 percent
2. Connecticut – 7.4 percent
3. New Jersey – 7.39 percent
4. Hawaii – 7.35 percent
5. Alaska – 7.15 percent
47. Alabama – 4.46 percent
48. Kentucky – 4.32 percent
49. West Virginia – 4.22 percent
50. Arkansas – 4.08 percent
51. Mississippi – 3.77 percent