Beach homes are seen on September 30, 2020 in Southampton, New York. Kena Betancur | AFP | Getty Images An oversupply of summer rentals in the Hamptons is spurring price cuts of 20% or more, as affluent Wall Streeters and tech workers cut back on their summer spending. There are now about 5,700 seasonal rentals
Month: May 2023
Nirunya Juntoomma | Istock | Getty Images An emergency fund is a key piece of your financial plan, especially amid economic uncertainty. But the right amount of cash depends on your household and occupation, according to financial experts. Most Americans aren’t prepared for a financial emergency, according to a recent CNBC/Momentive survey of more than
Recently, Hank, a veteran, wrote me to say he doesn’t understand why veterans have to pay a penalty just because they don’t enroll in Medicare Part B, medical insurance. He wanted answers to some questions about the Part B late enrollment penalty. Q: Why is there a penalty if someone doesn’t enroll in Part B?
Most people know that if they receive cash, it is probably taxable unless it is an honest to goodness gift. Most people know that if they receive property, that the property is probably also taxed, again, unless it is a true gift. More about gifts below. But how about what happens if it doesn’t seem
Kathy Lueders, formerly NASA associate administrator of the Space Operations Mission Directorate, before speaking to press on May 30 following SpaceX’s launch of the Demo-2 mission. Kim Shiflett / NASA Kathy Lueders, the most recent top human spaceflight official at NASA, has joined Elon Musk’s SpaceX after retiring from the agency a couple weeks ago,
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund manager Paul Tudor Jones believes the Federal Reserve has finished raising interest rates in its fight against inflation, and the stock market could grind higher this year. “I definitely think they are done,” Jones
Fanatics logo is seen on the dugout wall before the game between the Pittsburgh Pirates and the Milwaukee Brewers at PNC Park on July 3, 2022 in Pittsburgh, Pennsylvania. (Photo by Justin Berl/Getty Images) Justin Berl | Getty Images Fanatics has agreed to acquire the U.S. operations of PointsBet, marking the sports giant’s first major
Major players are hoping that the SEC and Washington takes, what crypto watchers see as bluffs, seriously and soften the hard line that regulators have taken on the industry. Roman Strelchenko | 500Px Plus | Getty Images Cryptocurrency companies are playing a game of poker with the Securities and Exchange Commission, making bold threats to
“No.” It’s one of the dirtiest words in hospitality — and travelers may be hearing it more these days. The travel agency Discover Africa had to say it when potential clients asked if their young son could ride a lion while on safari. “When we said no to riding a lion, the guest asked what
The advertising-supported digital business model is a common strategy used by many companies. The core principle of this model is providing users with a free service, such as search results or social media networking, while generating revenue through advertising. Advertisers pay the company to display ads, and the company employs data and algorithms to personalise
Just a few hundred people of Chinese heritage still live in Washington, D.C.’s Chinatown. Many have been pushed out to cheaper and safer areas. Noah Sheidlower | CNBC Penny and Jack Lee, now married, grew up in the 1960s and 1970s among the thousands of people of Chinese heritage who lived in apartments lining the
Rockaa | E+ | Getty Images Although the Biden administration’s sweeping student loan forgiveness plan and the legal troubles around it have gotten the most headlines, the U.S. Department of Education has already canceled more than $66 billion in education debt under existing programs. More than 2 million borrowers, including defrauded students and those who
An incredible piece of American history can now be yours. The estate where the late Jackie Kennedy Onassis, the former First Lady to president John F. Kennedy, spent her childhood summers is now listed for a cool $55 million. Located in East Hampton, New York, the home is called Lasata, which means ‘place of peace’
In this article MGM PG SBUX YUM 9987-HK YUMC Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past Yum! Brands Inc. Pizza Hut and KFC restaurants in Shanghai, China. Qilai Shen | Bloomberg | Getty Images China is leaving behind pandemic lockdowns, and U.S. companies like Procter & Gamble, Starbucks and MGM Resorts International say
January 2004. I’d been in the financial business for five years. Having spent the first four on the institutional side, I was a newly minted financial advisor, building a business from scratch without a salary or stipend. And then came our first child and the decision to eliminate our only predictable income stream. I remember
Michigan is home to the good ole “Motor City” of Detroit, the University of Michigan, and some fascinating colonial era forts at the tips of the Upper and Lower Peninsulas. Indeed, Michigan is a beautiful state with its fair share of very wealthy cities. In a recent study, we analyzed and identified the 50 richest
In this article AAPL GOOGL Follow your favorite stocksCREATE FREE ACCOUNT A sign reminding riders to wear a face mask to prevent the spread of Covid-19 appears on a bus on First Street outside the U.S. Capitol on Monday, January 10, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Americans in most states
Republican presidential candidate businessman Vivek Ramaswamy speaks to guests at the Iowa Faith & Freedom Coalition Spring Kick-Off on April 22, 2023 in Clive, Iowa. Scott Olson | Getty Images Republican presidential hopeful Vivek Ramaswamy built his White House bid around urging companies to stay out of politics. What he doesn’t tell voters is the
Bill Gates never finished his undergraduate degree — the billionaire dropped out of Harvard University after three semesters to start Microsoft. “What does a college dropout know about graduation? Not much, personally, to be honest,” Gates told students at Northern Arizona University’s commencement ceremony on Saturday. “As I prepared for today, I spent a lot
Investment in luxury second-home markets has cooled following a sales run-up during the pandemic years 2020-21. But that’s not to say a lot of folks aren’t still toying with investing in such sunny spots as the Caribbean, Hawaii and Costa Rica. “The pandemic-related market run experienced in Hawaii’s ultra-luxury real estate sector was logistically unsustainable,
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