The world’s second-richest person saw his own net worth double over the past decade. Mike Cohen/Getty Images for The New York Times Topline: Microsoft co-founder Bill Gates, the world’s second-richest person, has yet again weighed in on the wealth tax debate, this time arguing that he and his fellow billionaires should in fact pay higher
Month: January 2020
Humble, affordable homes will be at a premium as first-time homebuyers compete with downsizing baby … [+] boomers. Universal Images Group via Getty Images We have become disenchanted with “do-it-yourself” and discount brokerages, we don’t want fixer-uppers and we really don’t want very large houses that are in less than ultra prime condition. These are
CNBC’s Jim Cramer breaks down a menu of complex terms that are used in trading stocks. The “Mad Money” host explains how investors must consider the business cycle when finding the opportune time to buy or sell an equity. He explains to viewers how simple math can help determine when a stock is undervalued or
The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Big Tech may want to get into banking this year, but it doesn’t want to be your bank. Google plans to introduce consumer bank accounts later this year in collaboration with Citibank and a California-based credit union. The
For the past 10 years, on every long-haul flight over 12 hours, Singapore-based frequent flyer Brian Rogove has taken melatonin to combat jet lag. “I think it’s safe. It works about 75% of the time, and I don’t have any odd side effects,” he says. Melatonin — a hormone produced by the pineal gland in
Vanguard signage at a Morningstar Investment Conference. M. Spencer Green | AP Low-cost investing pioneer Vanguard has finally followed other peer brokerage firms in eliminating stock commissions entirely. Charles Schwab was the first major broker to give investors zero-commission online trades, pressuring rivals to follow suit. Schwab announced on Oct. 1 that commissions would go
Thomas Jackson Treat money with respect. Don’t crumple it. Think of it as an ally and a force for good, not evil. Your beliefs can affect your finances. If you don’t believe it, check out the experiences of personal finance bloggers who started with nothing (or very little) and now have hundreds of thousands of
Getty It’s a new decade and that means new beginnings. For many, that means New Year’s resolutions regarding their personal finances. While resolutions might differ from person to person, they all address the same issue – the need for financial stability and prosperity. Yet for many in their forties, the search for financial stability can be elusive. In
Share to facebook Share to twitter Share to linkedin Illinois is the eleventh state (plus D.C.) to legalize cannabis in the U.S. Maskur Has/Getty Images Topline: Illinois said $3.2 million worth of legal marijuana was sold on Tuesday, the first day the drug could legally be purchased for recreational use in the state, as a
photo: Getty The prospect of a contentious presidential race looms as the calendar flips to 2020. What’s more, the uncertainty of an election year often leads to a dip in the economy. Although most people I’ve spoken with feel good about the current dynamics of the financial system, there are already concerns about what lies
SUVs at a Chevrolet dealership in Oshawa, ON. Rene Johnston | Toronto Star | Getty Images DETROIT – Americans are expected to have bought fewer new vehicles last year than in recent years but spent a record amount on those new cars and trucks. Research and forecast firms Cox Automotive, Edmunds and J.D. Power/LMC Automotive
A new report suggests the record stock market highs are on borrowed time. According to Moody’s Analytics chief economist Mark Zandi’s 2020 outlook, the backdrop is showing signs of cracks. Zandi gave CNBC an exclusive first look at his economic forecast ahead of its official release. “All of the pillars of the stock market look
The father of passive investing told CNBC on Thursday that the shift toward index funds has vindicated his ideas and that there is still too much active management. Burton Malkiel is an emeritus professor of economics at Princeton University and author of the famous investing book, “A Random Walk Down Wall Street.” He said on
Traffic is at a near standstill heading into New York City via the Holland Tunnel from New Jersey. Andria Patino | Corbis Documentary | Getty Images Blame it on brutal winters, high taxes or the New Jersey Turnpike: The Garden State is the last place where people want to be. More two-thirds of all New
By Megy Karydes, Next Avenue Contributor Getty When making New Year’s resolutions, some people choose to set an intention or goal and some choose a particular word to help them stay focused. Others, like Chicagoans Tracy Marks-Seglin, founder of Strategic Words Communications, and her urban planner husband Dave, think about what they want less (and
Share to facebook Share to twitter Share to linkedin As the old adage goes, “trade wars have no winners.” STR/AFP via Getty Images Topline: As the Sino-American trade war dragged on last year, it weighed on both the U.S. and Chinese economies (as noted in this CNBC analysis): GDP growth has slowed, manufacturing declined and
Buyers have long since ceased making offers on properties they perceive as overpriced. Although many … [+] sellers still find this hard to accept, others have learned that a property priced to market can actually sell promptly, with several offers. Getty As the fourth quarter of 2019 moves toward a close, the peaks and valleys
Menthol pods for Juul Labs Inc. e-cigarettes are displayed for sale at a store in Princeton, Illinois, U.S., on Monday, Sept. 16, 2019. Daniel Acker | Bloomberg | Getty Images The Food and Drug Administration said Thursday it has issued a ban on flavored vaping products, with the exception of tobacco and menthol. Under the
Warren Buffett (L) and Berkshire-Hathaway partner Charlie Munger Eric Francis | Getty Images Warren Buffett may have a giant cash pile to burn but that doesn’t necessarily mean he will compromise his long-standing value investing principles. Over the past few months, the Oracle of Omaha has passed on different opportunities to acquire companies, big or
Still from “The Mandalorian” on Disney+. Disney Disney shares were on the rise to kick off 2020 after some Wall Street analysts estimated significant growth from its new streaming service and recommended clients keep buying the stock. Rosenblatt Securities analyst Bernie McTernan expects Disney+ to attract 25 million users by the end of the first