Wealth

Sign advertising apartments for rent in the Upper East Side in New York City. Adam Jeffery | CNBC Manhattan real estate may be turning the corner, as new rentals increased for the first time in over a year and sales activity started to creep higher after the Covid collapse. A big drop in rental prices

Bernard Arnault, billionaire and chief executive officer of LVMH Moet Hennessy Louis Vuitton SE, arrives to speak as the luxury brand announces full year earnings in Paris, France, on Tuesday, Jan. 28, 2020. Christophe Morin | Bloomberg | Getty Images Luxury king Bernard Arnault has retaken the title of world’s second richest person, with a

Despite rising Covid-19 infections throughout the United States, Europe and beyond, people are preparing to travel in late 2020. According to a survey by travel booking app Hopper, 39% of Americans are expected to travel during the upcoming holiday season. By that estimate, nearly 130 million people will be hitting the road in the United

Tech billionaire Mark Cuban has been an outspoken voice throughout the 2020 election process, from endorsing President-elect Joe Biden while criticizing President Donald Trump’s Covid-19 response to saying that certain aspects of “both sides scare me.” Despite making clear his preference of Biden over Trump before this month’s presidential election, Cuban now also says he

Eric Schmidt speaks during a National Security Commission on Artificial Intelligence conference November 5, 2019, in Washington Alex Wong | Getty Images Former Google CEO Eric Schmidt has been approved to become a citizen of Cyprus, according to a report Monday from Recode. An October notice in Alithia, a Cypriot publication, apparently announced Schmidt and

When the pandemic hit in March, Kelly Kearney, owner of Pacific Fine Food Catering in Alameda, California, initially thought things might go back to normal after a couple of months. She bought the company in 2004 and built up a business with a loyal, dependable staff and long-time clients. At age 58, she wasn’t intending

As vote counting continues in key battleground states like Georgia and Pennsylvania, where Vice President Joe Biden has taken the lead over President Donald Trump on Friday, Libertarian presidential candidate Jo Jorgensen says third party candidates don’t “take” votes from other parties. “I don’t consider it taking votes, because those votes belong to the American

Since Tuesday, MSNBC national political correspondent Steve Kornacki has been running on fumes, living off Diet Coke with little sleep. Late Thursday night, Kornacki tweeted, “Forget grabbing sleep, there’s still votes coming in in PA. I’m heading back to the studio.” Twitter users urging Kornacki to take a break and change his clothes (he’s know

It just got easier for residents of major world cities to find the best tipples in town. The World’s 50 Best Bars were announced on Nov. 5 in London via a virtual awards ceremony, with the city’s Connaught Bar clinching the No. 1 spot. The bar — which ranked No. 2 last year — traded

At Whole Foods, every employee knows what everybody else is making. It’s a practice called “wage transparency.” The average pay of professional titles of employees is published on the Whole Foods website. Whole Foods CEO John Mackey thinks of wage transparency as a source of motivation for employees. “It gives people something to strive for,”

Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than

Billionaire investor Leon Cooperman wasn’t always rich. The Omega Family Office chairman/CEO was born to working-class Polish immigrants and grew up in a one-bedroom apartment in New York City’s South Bronx neighborhood. His father was a plumber. “I’m the first generation in my family born in America, first generation to go to college,” Cooperman, 77,

At multiple points in the past few years, Mark Cuban said he was considering running for president in 2020. That never came to pass, and the tech billionaire and Dallas Mavericks owner is making no secret about who he wants to win on Election Day in 2020. Cuban has had no problem criticizing both President

These days, start-up investor Alexis Ohanian is perhaps best known for being married to tennis legend Serena Williams. But Ohanian is also famous for co-founding Reddit. And just as famously — or infamously — he and his co-founders sold Reddit 14 years ago for what turned out to be pennies on the dollar compared to

The U.K. goes back into lockdown this week — but in some cases, it still makes sense to plan for when restrictions go away. One British luxury train, in particular, certainly requires early booking. This month, the Belmond British Pullman was named the best luxury train journey in the world by Condé Nast Traveler’s 2020

There’s a famous line from legendary football coach Vince Lombardi that goes, “Winners never quit, and quitters never win.” But as a former professional poker player who has won more than $4 million in poker tournaments, I’ve found that during times of high uncertainty, the opposite may be closer to the truth. Quitters often win, and

It looks like the NBA ownership ranks are adding yet another tech billionaire. Ryan Smith, the 42-year-old CEO and co-founder of online survey software company Qualtrics, has agreed to buy a majority stake in the NBA’s Utah Jazz in a deal worth $1.66 billion, ESPN reported on Wednesday. In doing so, Smith will follow in

Lamborghini 2020 EVO RWD Robert Frank | CNBC In the age of Zoom meetings, Grub Hub orders, Netflix movies and Amazon shopping, we’re all craving a little less virtual living and more real fun. Which is why the 2020 Lamborghini EVO RWD has arrived at the perfect moment. “EVO” stands for “evolution,” since it’s the

Digital nomads can now work remotely in the Cayman Islands for up to two years. The catch? Those workers must make at least $100,000 a year — and even more if they want to bring a companion. Launched on Oct. 21, the Global Citizen Concierge Program invites high-earning workers to ride out the next several

I started my debt-free journey back in March of 2015 after a series of events led me to realize my husband and I were one emergency away from bankruptcy. We had over $212,000 in debt, not including our mortgage.  After pulling myself out of a pit of anxiety and despair, I knew that we had

Kate Spade handbags Scott Mlyn | CNBC Women are spending more money when they’re shopping for handbags during the coronavirus pandemic, Coach owner Tapestry‘s latest quarterly results show. And it could be, in part, because consumers are buying bigger, pricier bags to stow away bottles of hand sanitizer and Clorox wipes. “I don’t know about

After more than a decade as an investor on ABC’s “Shark Tank,” Kevin O’Leary has bettered his negotiating skills. And with all that experience, he’s found a common thread among some of his “very best” deals. “What I’ve learned over the years, because I’ve negotiated so many different deals, [is that] the very best deals

NBA legend Shaquille O’Neal admits he didn’t understand how taxes worked when he first started making a lot of money in the early ’90s. In fact, he learned the hard way. When O’Neal signed his first million-dollar trading card contract, he blew through the check in one day, buying cars and jewelry. Then, he says,

With mortgage rates reaching historic lows this year, many people are looking to refinance or purchase a home. But should you do an adjustable rate mortgage (ARM), which has an introductory fixed-rate period — usually five, seven or 10 years — and then periodically adjusts based on market conditions, or the more popular 30-year fixed-rate mortgage?

A screen shows Alibaba’s sales volume exceeding 100 billion yuan after one hour during 2019 Alibaba 11.11 Global Shopping Festival on November 11, 2019 in Hangzhou, China. VCG | Visual China Group | Getty Images The e-commerce giant Alibaba‘s annual Singles Day shopping event could be a boon for Chinese brands, according to a new

House Ways and Means Committee ChairmanRep. Richard Neal, D-Mass., (left) and ranking member Kevin Brady, R-Texas. Chip Somodevilla | Getty Images News | Getty Images Bipartisanship is not what most of us would expect in a divisive election year. Yet that is what we saw when Democratic and Republican House members came together and introduced

Aston Martin has come a long way since it was featured as James Bond’s weapon-laden sports car in the movie “Goldfinger.” It makes some of the world’s most envied and admired vehicles, but that isn’t helping it financially. Mounting losses, falling sales and the devastating impacts of the coronavirus, which has rocked the global economy

Americans can now travel to Hawaii’s beautiful tropical shores without having to quarantine on arrival. From Oct. 15, domestic travelers who take part in the state’s Pre-Travel Testing Program can bypass a two-week quarantine requirement, provided they test negative for Covid-19 before and, in some cases, after they arrive. “After not being able to travel

Self-made billionaire Mark Cuban has consistently attributed his success, in part, to his devotion to life-long learning. In fact, the “Shark Tank” investor previously called it “the greatest skill” to have. For Cuban, life-long learning means spending “four to five hours a day” reading, he told CNBC Make It in 2018. “I read everything I

Prices in the Hamptons hit new records in the third quarter, as wealthy New Yorkers fled the city and continue to buy homes on the beach, according to a new report. The average sales price in the Hamptons soared 46% in the quarter, to just over $2 million, according to a report from Douglas Elliman