Wealth

Traders work on the floor of the New York Stock Exchange.  NYSE Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. More than a third of millionaire investors, 34%, report keeping more of their money in cash, according

Erin M. Collins, National Taxpayer Advocate Source: IRS LAS VEGAS — After a difficult three years for taxpayers, the IRS has made significant improvements. But there’s still work to do, according to the National Taxpayer Advocate Erin Collins. “This filing season has probably been as close to normal as possible,” she said, speaking at the

Travelers can avoid paying some of Bhutan’s daily tourism fees, as long as they stay at least five nights. Last week, Bhutan announced changes to its Sustainable Development Fee which made headlines after it jumped from $65 to $200 a day when the country reopened its borders in September. Travelers who pay the SDF for

Presidential candidate and Florida Gov. Ron DeSantis speaks to a crowd in Gilbert, South Carolina, June 2, 2023. Sean Rayford | Getty Images Florida Gov. Ron DeSantis is the favorite Republican candidate among millionaires, although their support for former President Donald Trump is growing, according to the CNBC Millionaire Survey. Only 32% of millionaire Republicans

Donald Gruener | iStock | Getty Images LAS VEGAS — Tax savings aren’t typically the main reason for philanthropy. But if you’re planning to donate money, certain charitable giving strategies provide a bigger tax benefit. Since the Tax Cuts and Jobs Act of 2017, there’s been a higher standard deduction, which makes it harder to claim

fstop123 | E+ | Getty Images LAS VEGAS — College is a major expense for many families, but a payment strategy can provide significant tax savings, according to a college funding expert. “Distribution planning is not just for retirement,” said certified financial planner Ross Riskin, chief learning officer for the Investments & Wealth Institute. Families

Swimply is expanding its marketplace to offer pickleball court rentals. Source: Swimply Swimply, the startup that lets people rent private pools, is set to expand to pickleball courts — and the company says it expects revenue from its new offering to outpace pool rentals in just two and half years. On Tuesday, the company announced

Plans for a universal basic income trial have just been published in the U.K. by think tank Autonomy. Tashdique Mehtaj Ahmed | Moment | Getty Images Receiving free cash from the government when nothing is expected in return might sound like a utopian dream. But it could soon be a reality for some in the

You might think it’s worth sacrificing vacations, family time and sleep for your career — especially if it leads to a raise or promotion. It’ll also make you a lot unhappier, says former U.S. president Barack Obama. “What you want is a balance,” Obama told LinkedIn News‘ “This Is Working” podcast on Thursday. “Young people

In this article AI Follow your favorite stocksCREATE FREE ACCOUNT Tom Siebel has been riding the artificial intelligence wave. Three years after selling his prior software company, Siebel Systems, to Oracle for nearly $6 billion in 2006, he started C3.ai, a provider of AI solutions to businesses. That company, which went public in 2020, now

Geber86 | E+ | Getty Images There are plenty of risks for retirees — and those risks may compound by the rising cost of health care in retirement.  While the cost of medical care has recently fallen, it’s still nearly 30% higher than a decade ago, according to data from the U.S. Bureau of Labor

In this article CSG.N-CH UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS is no stranger to blockbuster mergers. The modern company is comprised of over 370 legacy firms, including former domestic rivals. Amid major wars, Switzerland has remained

Knowing how and when to start teaching to kids about money and identifying what money skills they need can be tricky, but experts say it is crucial for their futures. MoMo Productions Knowing how and when to start teaching kids about money and identifying what skills they need can be tricky. Parents often don’t want

Elon Musk is the wealthiest person in the world again. Michel Euler | AFP | Getty Images Elon Musk is the richest person in the world again, according to Bloomberg Billionaires Index’s updated figures Thursday. The Tesla CEO saw his wealth jump 40.3% this year to $192 billion, after shares of the electric car maker

French luxury group LVMH Chairman and Chief Executive Officer Bernard Arnault Eric Piermont | AFP | Getty Images While younger tech billionaires like Elon Musk, 51, and Mark Zuckerberg, 39, may dominate the wealth headlines, the majority of the world’s billionaires are over retirement age, according to a new study. The median age of the

“Many of the most common financial mistakes — chasing quick wins, attempting to ‘time the market’, and taking a knee-jerk reaction to market volatility — can all be avoided by taking a longer-term perspective,” one expert tells CNBC Make It. Pekic | E+ | Getty Images Making money mistakes can be scary and seem catastrophic.

Mark Cuban is still frustrated with Elon Musk’s changes to Twitter. This time, he’s accusing Musk of rigging the platform to promote his own tweets and points of view. Last week, Cuban wrote he did his own deep dive into how Twitter determines who sees what posts. At the core of the issue, Cuban said,

Lisa Terauchi-D’Rozario’s husband had been a captain with Hong Kong airline Cathay Dragon for 14 years when he lost his job in October 2020, she said. Cathay Pacific cut thousands of jobs and shuttered its regional airline during the pandemic. The news was crushing, Lisa said. The family decided to leave Hong Kong to return

Ben Francis didn’t become wealthy through a family inheritance or business school connections. Instead, the CEO and co-founder of Gymshark used his Pizza Hut job earnings at age 19 to buy a sewing machine and start his fitness apparel company in his parents’ Birmingham, U.K., garage. Eleven years later, his adolescent tactics literally paid off.

This photograph taken on October 20, 2022 shows a replica of the Big Ben Tower at the Londoner Casino resort at the Cotai Strip in Macau. (Photo by Eduardo Leal / AFP) (Photo by EDUARDO LEAL/AFP via Getty Images) Eduardo Leal | Afp | Getty Images Tourists in Asia no longer have to take long