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Elizabeth Warren's tax proposals nearly amount to confiscation, Larry Summers says


Created: Tue, 19 Nov 2019 22:31 GMT

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The Democratic presidential candidate's tax proposals would have "catastrophic economic consequences" if implemented, the former treasury secretary says.

Read more: Elizabeth Warren's tax proposals nearly amount to confiscation, Larry Summers says


Tax avoidance by the rich could top $5 trillion in next decade


Created: Tue, 19 Nov 2019 19:50 GMT

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Lax enforcement by the Internal Revenue Service has led to hundreds of billions of dollars a year in uncollected taxes from the wealthy, which could reach trillions over the next decade.

Read more: Tax avoidance by the rich could top $5 trillion in next decade


'Do you think television reporters make too much money? I do' — Lloyd Blankfein defends CEO pay


Created: Tue, 19 Nov 2019 18:39 GMT

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"Do you think television reporters make too much money? I do," Blankfein responded to a question from CNBC's Scott Wapner about whether he thinks corporate leaders make too much money.

Read more: 'Do you think television reporters make too much money? I do' — Lloyd Blankfein defends CEO pay


Fisher Investments loses Chicago police pension; total losses now exceed $3 billion


Created: Tue, 19 Nov 2019 18:19 GMT

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The Policemen's Annuity and Benefit Fund of Chicago ended a $67 million relationship with Fisher Investments, marking another institutional investor to exit from the Camas, Washington-based firm.

Read more: Fisher Investments loses Chicago police pension; total losses now exceed $3 billion


Got the travel bug? Here are the world's top 6 'jumping off' points for adventure travel in 2020


Created: Tue, 19 Nov 2019 15:00 GMT

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Got the travel bug? Here's a look at the world's top 6 'jumping off' points for adventure travel in 2020, according to the Travel Channel's new 2020 Leisure Travel Forecast.

Read more: Got the travel bug? Here are the world's top 6 'jumping off' points for adventure travel in 2020


Don't botch this year-end retirement move, or else you'll face taxes


Created: Tue, 19 Nov 2019 14:30 GMT

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Waiting until the last week of the year to take your required minimum distribution will cost you if you mess it up. Here are the errors to avoid.

Read more: Don't botch this year-end retirement move, or else you'll face taxes


The luxury rental market is booming. Here's what a $100,000-a-month penthouse looks like


Created: Mon, 18 Nov 2019 13:00 GMT

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"There has been a large shift towards rental from purchase at the high end," said Jonathan Miller, CEO of Miller Samuel, the appraisal firm.

Read more: The luxury rental market is booming. Here's what a $100,000-a-month penthouse looks like


Hoping to save on your 2019 taxes? Time is running out


Created: Sun, 17 Nov 2019 14:15 GMT

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Get your calculators and your 2018 tax return. Whether you want to avoid a bad outcome at tax time or you're hoping to keep a few bucks out of Uncle Sam's grasp, now is the time to prepare.

Read more: Hoping to save on your 2019 taxes? Time is running out


Democratic billionaire Marc Lasry says stock market would fall 20%-30% if Warren wins presidency


Created: Fri, 15 Nov 2019 17:50 GMT

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Lasry is the latest major Wall Street investor to warn about the damage the stock market could sustain in the event of a Sen. Elizabeth Warren victory.

Read more: Democratic billionaire Marc Lasry says stock market would fall 20%-30% if Warren wins presidency


Supporting your adult children can ruin your retirement plans


Created: Fri, 15 Nov 2019 14:00 GMT

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Prepare your children early in life to be financially independent. If not, your retirement plan may need to include funding your irresponsible adult child's lifestyle, in addition to funding your own retirement.

Read more: Supporting your adult children can ruin your retirement plans


Inside a secret Rolex meetup, the finds include a 'sexpile' worth millions and a radioactive watch


Created: Fri, 15 Nov 2019 13:00 GMT

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he top-secret Rolliefest in New York was a chance for Rolex lovers to share, swap and try on different timepieces.

Read more: Inside a secret Rolex meetup, the finds include a 'sexpile' worth millions and a radioactive watch


Hotel points can put you on a Manchester United charter plane — with VIP tickets to a match


Created: Fri, 15 Nov 2019 05:11 GMT

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Forget free rooms. From Super Bowl suites and Disney movie premieres to traveling on a charter flight with Man United, hotels are offering big-ticket experiences to their most loyal guests.

Read more: Hotel points can put you on a Manchester United charter plane — with VIP tickets to a match


Lloyd Blankfein mocks Elizabeth Warren after attack ad: 'Maybe tribalism is just in her DNA'


Created: Thu, 14 Nov 2019 17:24 GMT

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"Maybe tribalism is just in her DNA," Blankfein says in an apparent dig at Warren's much-criticized claims of Native American ancestry.

Read more: Lloyd Blankfein mocks Elizabeth Warren after attack ad: 'Maybe tribalism is just in her DNA'


'The American Dream is alive and well,' says billionaire GoDaddy founder and wounded vet


Created: Thu, 14 Nov 2019 13:32 GMT

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Bob Parsons, also a major philanthropist, explains how he went from being "dirt poor" to succeeding in business.

Read more: 'The American Dream is alive and well,' says billionaire GoDaddy founder and wounded vet


How I quit my career to travel the world


Created: Thu, 14 Nov 2019 00:39 GMT

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Without jobs anchoring them to one location, nomadic retirees are transforming their after-work years from a foot-off-the-gas experience to a pedal-to-the-metal time of exploration and adventure. And you don't need to be ultra-wealthy to sign on.

Read more: How I quit my career to travel the world


Ferrari unveils new 600-horsepower 'Roma' model


Created: Wed, 13 Nov 2019 19:38 GMT

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The company isn't saying much yet about the Roma, its price or its exact features. But the car looks a bit like a coupe version of the company's popular Portofino convertible.

Read more: Ferrari unveils new 600-horsepower 'Roma' model


Billionaire Michael Dell, who started in a dorm room, says capitalism is the 'best thing going'


Created: Tue, 12 Nov 2019 18:32 GMT

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"I'm a big believer in the entrepreneurial spirit that helped create lots of great businesses around the world," the Dell founder and CEO says.

Read more: Billionaire Michael Dell, who started in a dorm room, says capitalism is the 'best thing going'


Most expensive wristwatch ever sold fetches $31 million at auction


Created: Mon, 11 Nov 2019 17:55 GMT

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A one-of-a-kind Patek Philippe watch sold for $31 million at a charity auction in Geneva, making it the most expensive wristwatch ever auctioned.

Read more: Most expensive wristwatch ever sold fetches $31 million at auction


Jamie Dimon, who made $31 million last year, thinks wealth inequality is a problem


Created: Mon, 11 Nov 2019 01:57 GMT

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The J.P. Morgan Chase CEO also deflected questions about him making $31 million in 2018, saying: "I have nothing to do with it."

Read more: Jamie Dimon, who made $31 million last year, thinks wealth inequality is a problem


Pollster: 'Mike Bloomberg has more money than God,' so he can be a 2020 contender any time


Created: Fri, 08 Nov 2019 17:51 GMT

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"I would have argued, if I were advising him, that he should have run as an independent," not a Democrat, says GOP insider Frank Luntz.

Read more: Pollster: 'Mike Bloomberg has more money than God,' so he can be a 2020 contender any time


Design from down under: one-on-one with the CEO of Canva


Created: Fri, 08 Nov 2019 16:44 GMT

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Jon Fortt sits down 1-on-1 with the CEO of Canva

Read more: Design from down under: one-on-one with the CEO of Canva


Individual investors pulled $20 million from Fisher Investments after billionaire's sexist comments


Created: Thu, 07 Nov 2019 18:15 GMT

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Individual investors at the Camas, Washington-based firm have had a muted reaction so far following Ken Fisher's comments at a conference. That may be because swapping advisors is easier said than done.

Read more: Individual investors pulled $20 million from Fisher Investments after billionaire's sexist comments


As behemoth brokerage firms go zero-commission on trades, advisors are concerned


Created: Wed, 06 Nov 2019 13:30 GMT

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There may be no free lunch in the financial services industry, but there is now free trading of stocks, exchange-traded funds and options as custodians eliminate commissions for retail and financial advisor clients.

Read more: As behemoth brokerage firms go zero-commission on trades, advisors are concerned


Sen. Warren blasts Navient, student loan servicer where her critic Leon Cooperman is a stakeholder


Created: Tue, 05 Nov 2019 16:26 GMT

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Democratic presidential candidate Elizabeth Warren lashed out at billionaire Leon Cooperman on Monday for his stake in the student loan servicer Navient and stressed the importance of forgiving student debt.

Read more: Sen. Warren blasts Navient, student loan servicer where her critic Leon Cooperman is a stakeholder


Warren's wealth tax is not the answer to society's problems, says billionaire David Rubenstein


Created: Tue, 05 Nov 2019 15:37 GMT

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Elizabeth Warren's wealth tax would not generate enough money to make a dent in income inequality, says The Carlyle Group co-founder.

Read more: Warren's wealth tax is not the answer to society's problems, says billionaire David Rubenstein


Elizabeth Holmes dodges questions about unpaid legal bills as charges fly over case documents


Created: Mon, 04 Nov 2019 22:14 GMT

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Holmes was in court in San Jose on Monday for a status hearing related to a separate criminal case, in which she and co-defendant Ramesh "Sunny" Balwani are charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud.

Read more: Elizabeth Holmes dodges questions about unpaid legal bills as charges fly over case documents


Ex-Biden advisor: Warren's 'Medicare for All' like trying to 'buy a unicorn' with a unicorn


Created: Mon, 04 Nov 2019 18:20 GMT

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Elizabeth Warren's "Medicare for All" plan is too much of a political reach to actually be implemented on Capitol Hill, says Jared Bernstein

Read more: Ex-Biden advisor: Warren's 'Medicare for All' like trying to 'buy a unicorn' with a unicorn


The worst money mistakes these top advisors have seen investors make


Created: Mon, 04 Nov 2019 13:00 GMT

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Mistakes happen. CNBC asked advisors from firms that made the FA 100 list what the worst money misstep they've ever seen a client or other investor make was.

Read more: The worst money mistakes these top advisors have seen investors make


A luxury tour that starts in December may be the most epic ski trip ever created


Created: Mon, 04 Nov 2019 01:35 GMT

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You could choose just one ski destination in Europe, Asia or North America — but why limit yourself?

Read more: A luxury tour that starts in December may be the most epic ski trip ever created


Retired Spurs player Matt Bonner teaches investing: 'Tesla is killing it' in his portfolio


Created: Sat, 02 Nov 2019 14:15 GMT

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Bonner also purchased stock in Mattel and 1-800-Flowers for his daughter, E.V. when she was 8.

Read more: Retired Spurs player Matt Bonner teaches investing: 'Tesla is killing it' in his portfolio

 
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