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'Tax us now': Millionaires call on the global elite to tax them more


Created: Tue, 24 May 2022 12:33:00 GMT

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A group of over 150 millionaires are calling on the elite attendees of this year's World Economic Forum in Davos, to tax them more.

Read more: 'Tax us now': Millionaires call on the global elite to tax them more


Here's what the rich will be reading this summer: Books on leadership, Greek myths and Miyazaki


Created: Tue, 24 May 2022 11:00:01 GMT

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J.P. Morgan Private Bank announced its 23rd annual Summer Reading List, which has become the seasonal "it list" of literary status symbols.

Read more: Here's what the rich will be reading this summer: Books on leadership, Greek myths and Miyazaki


The number of billionaires soared during the pandemic. How tax proposals aim to reduce wealth inequality


Created: Mon, 23 May 2022 21:27:24 GMT

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As the number of billionaires has grown since the pandemic started, calls to "tax the rich" have increased. Here's how those levies may work.

Read more: The number of billionaires soared during the pandemic. How tax proposals aim to reduce wealth inequality


Tax breaks aren’t prime reason for high-net-worth philanthropy, study finds


Created: Mon, 23 May 2022 17:48:57 GMT

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Tax breaks aren't the primary incentive for philanthropy among the ultra-wealthy, according to a charitable giving study.

Read more: Tax breaks aren’t prime reason for high-net-worth philanthropy, study finds


Four 'dream jobs' for people who love to travel


Created: Tue, 24 May 2022 00:24:41 GMT

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CNBC Travel spoke with people from four industries about occupations where working from home — or an office for that matter — isn't an option.

Read more: Four 'dream jobs' for people who love to travel


Oxfam calls for an end to billionaire 'bonanza,' says millions are falling into extreme poverty


Created: Mon, 23 May 2022 14:33:31 GMT

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There were 573 more billionaires in the world by March 2022 than in 2020, Oxfam said, estimating that 263 million could be pushed into extreme poverty in 2022.

Read more: Oxfam calls for an end to billionaire 'bonanza,' says millions are falling into extreme poverty


Creating a special needs trust? Here are the costs, what you need to know and who to use


Created: Mon, 23 May 2022 14:49:04 GMT

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It's imperative that families shelter assets in special needs trusts to ensure impaired loved ones do not lose life-saving government financial support.

Read more: Creating a special needs trust? Here are the costs, what you need to know and who to use


Want to change the world? Bill Gates says you should 'read a lot' and 'find a skill you enjoy'


Created: Sat, 21 May 2022 13:00:01 GMT

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During a Reddit "Ask Me Anything" session, the billionaire Microsoft co-founder was asked what advice he'd offer to a young person looking to "make a positive impact on this world."

Read more: Want to change the world? Bill Gates says you should 'read a lot' and 'find a skill you enjoy'


Jeff Bezos keeps a 16-year-old framed magazine as a 'reminder' that Amazon's most profitable service was once just a 'risky bet'


Created: Fri, 20 May 2022 16:53:31 GMT

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This week, Amazon founder Jeff Bezos tweeted an old magazine cover that deemed Amazon Web Services a risky bet. Now, AWS makes over $62 per year.

Read more: Jeff Bezos keeps a 16-year-old framed magazine as a 'reminder' that Amazon's most profitable service was once just a 'risky bet'


Crypto as currency: managing your financial life using digital coins


Created: Fri, 20 May 2022 12:40:28 GMT

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It's possible to live off of a salary paid in cryptocurrency but advisors caution clients virtual coins don't offer the same protections as cash or stocks.

Read more: Crypto as currency: managing your financial life using digital coins


Reality TV shows based on real estate are 'horrible' for the industry, says brokerage CEO


Created: Thu, 19 May 2022 22:09:42 GMT

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Bess Freedman, CEO of Brown Harris Stevens, took aim at the rise of shows like Netflix's "Selling Sunset" and Bravo's "Million Dollar Listing."

Read more: Reality TV shows based on real estate are 'horrible' for the industry, says brokerage CEO


A 1955 Mercedes just nabbed $143 million at auction, making it the most expensive car ever sold


Created: Thu, 19 May 2022 20:44:10 GMT

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The 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe smashed the previous record for the most expensive car sold at auction by more than $95 million.

Read more: A 1955 Mercedes just nabbed $143 million at auction, making it the most expensive car ever sold


Mark Cuban says he supports President Biden's $10,000 student loan debt proposal: 'It has to be fixed'


Created: Thu, 19 May 2022 18:12:25 GMT

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The billionaire Dallas Mavericks owner is outspoken about student loan debt — and he's on board with President Biden's proposal to forgive $10,000 per borrower.

Read more: Mark Cuban says he supports President Biden's $10,000 student loan debt proposal: 'It has to be fixed'


House Democrats push for state and local taxes relief in appropriations bill


Created: Thu, 19 May 2022 17:28:54 GMT

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Five House Democrats are still fighting for relief on the $10,000 limit on the federal deduction for state and local taxes through the appropriations process.

Read more: House Democrats push for state and local taxes relief in appropriations bill


Taylor Swift's advice for young people: Hearing the word 'no' was 'more crucial than the moments I was told yes'


Created: Thu, 19 May 2022 15:20:32 GMT

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Taylor Swift's music career has been accompanied by plenty of rejection and missteps. Her advice to NYU's class of 2022: Embrace and learn from those experiences.

Read more: Taylor Swift's advice for young people: Hearing the word 'no' was 'more crucial than the moments I was told yes'


Women are still paid 83 cents for every dollar men earn. Here’s why


Created: Thu, 19 May 2022 12:52:46 GMT

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The gender wage gap persists despite improvements over the last several decades.

Read more: Women are still paid 83 cents for every dollar men earn. Here’s why


For the first time since the pandemic, leisure and business flights surpass 2019 levels


Created: Fri, 20 May 2022 01:48:36 GMT

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Global leisure and business flights topped pre-pandemic levels for the first time this spring, despite rising costs and geopolitical uncertainty.

Read more: For the first time since the pandemic, leisure and business flights surpass 2019 levels


Op-ed: Investors need to keep their emotions under control in this volatile market


Created: Wed, 18 May 2022 12:30:01 GMT

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Although no one can predict what is going to happen next, there are strategies that investors can consider to help manage their portfolios through volatility.

Read more: Op-ed: Investors need to keep their emotions under control in this volatile market


Just 2% of the richest Americans had their taxes audited in 2019, down from 16% in 2010


Created: Tue, 17 May 2022 22:01:24 GMT

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The main reason for the decline in the audit rate is a lack of IRS funding, according to a GAO report.

Read more: Just 2% of the richest Americans had their taxes audited in 2019, down from 16% in 2010


Why Kevin O'Leary makes his life and money decisions the same way: 'I live life with a portfolio approach'


Created: Tue, 17 May 2022 18:55:07 GMT

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"Shark Tank" star Kevin O'Leary says his bad days are relatively easy to handle, due to the decision-making process he uses for both life and money decisions.

Read more: Why Kevin O'Leary makes his life and money decisions the same way: 'I live life with a portfolio approach'


Op-ed: Energy and health care are attractive sectors to watch the rest of the year


Created: Tue, 17 May 2022 13:30:01 GMT

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Expect mid-to-late cycle dynamics to play out once the inflation scare recedes, meaning financial, energy and materials companies will do best.

Read more: Op-ed: Energy and health care are attractive sectors to watch the rest of the year


Why Tim Cook says college grads should prioritize making a difference: 'Leading a company and a good life are not the same thing'


Created: Tue, 17 May 2022 14:14:23 GMT

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At Gallaudet’s Undergraduate Commencement Ceremony on Friday, Apple CEO Tim Cook shared his advice on leading a powerful company—and a meaningful life.

Read more: Why Tim Cook says college grads should prioritize making a difference: 'Leading a company and a good life are not the same thing'


Inflation is the ‘top problem’ facing America, with no other issue coming close, survey shows


Created: Mon, 16 May 2022 18:08:52 GMT

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Amid swelling prices, most Americans see inflation as the biggest issue facing the country — far exceeding other concerns, according to a survey.

Read more: Inflation is the ‘top problem’ facing America, with no other issue coming close, survey shows


Steve Jobs used his vacation time to bombard Apple staffers with phone calls, says iPod's creator — here's why


Created: Sat, 14 May 2022 13:00:01 GMT

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Former Apple vice president Tony Fadell says that even Steve Jobs was on vacation, he'd constantly call his staffers to brainstorm new ideas. Here's why.

Read more: Steve Jobs used his vacation time to bombard Apple staffers with phone calls, says iPod's creator — here's why


This flashy Bel Air mansion that was listed at $87.8 million flopped at auction — and now the seller is furious


Created: Sun, 15 May 2022 18:57:46 GMT

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"Horrible, Horrible, Horrible!" was how the seller, who filed for Chapter 11 last year, characterized the auction results to CNBC.

Read more: This flashy Bel Air mansion that was listed at $87.8 million flopped at auction — and now the seller is furious


Here’s why inflation may be less costly for some retirees


Created: Fri, 13 May 2022 17:19:05 GMT

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Annual inflation grew by 8.3% in April, but some retirees may be shielded from certain swelling costs, according to a J.P. Morgan report.

Read more: Here’s why inflation may be less costly for some retirees


IRS insists destruction of 30 million files of taxpayer data won't affect payers


Created: Fri, 13 May 2022 18:58:33 GMT

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Filers won't be affected by the IRS decision to destroy 30 million so-called paper information returns, the agency said.

Read more: IRS insists destruction of 30 million files of taxpayer data won't affect payers


Want to travel to space? In 2024, balloons might take you part of the way there


Created: Fri, 13 May 2022 03:37:35 GMT

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Space tourism companies such as Blue Origin, Virgin Galactic and SpaceX rely on rockets. Others plan to use balloons to take travelers into the stratosphere.

Read more: Want to travel to space? In 2024, balloons might take you part of the way there


Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers


Created: Fri, 13 May 2022 14:55:12 GMT

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The IRS destroyed an estimated 30 million so-called paper-filed information returns in March 2021, sparking anger from the tax community.

Read more: Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers


'I made $245,000 in a month': This 29-year-old got rejected from 15 medical schools—now he runs a $1.5 million business


Created: Mon, 16 May 2022 13:17:56 GMT

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After several side hustles and business attempts, 29-year-old Charlie Chang found success as a YouTube content creator. In 2021, his business brought in $1.5 million in revenue and passive income. Here's shares how he built each of his income streams.

Read more: 'I made $245,000 in a month': This 29-year-old got rejected from 15 medical schools—now he runs a $1.5 million business

 
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