Wealth

Getty Images Shopping “holidays” like Black Friday and Amazon Prime Day are designed to entice consumers to spend as much as possible on items they may not have planned to purchase. But even in the absence of such events, it’s common for consumers to succumb to pressures to make impulse buys. Nearly 90% of people

Guests view sneakers on display for “The Ultimate Sneaker Collection” online auction at Sotheby’s on July 15, 2019 in New York City. Dia Dipasupil | Getty Images A collection of sneakers being auctioned by Sotheby’s sold for $850,000, proving that rare sneakers are becoming a coveted collectible. Sotheby’s and digital retailer Stadium Goods opened the

Joe Biden used to joke about being “the poorest man in Congress.” It would be impossible for him to claim poverty now. The years since Biden left the vice presidency in 2017 have fattened his wallet. He and his wife Jill made more than $15 million combined in 2017 and 2018. [CNBC is looking at

A rare pair of Nike “Moon Shoes” could fetch as much as $160,000 in an auction held by Sotheby’s. The New York auction house is allowing collectors to bid on an array of rare sneakers in a digital lot, dubbed “Stadium Goods: The Ultimate Sneaker Collection Online.” The “Moon Shoe” is estimated to reach a

krisanapong detraphiphat | Moment | Getty Images Once derided on the cover of Time magazine as the “Me Me Me Generation,” millennials have, in fact, become the “Owe Owe Owe Generation.” This group originally showed a healthy aversion to credit card debt. From 2008 to 2012, only 41% of those in their 20s had a

The wealth tax proposed by Sen. Elizabeth Warren has sparked a fierce — and increasingly personal — debate between the party’s traditional academic elite and the darlings of the new left. Lawrence Summers, the former Treasury Secretary and longtime economic guru of the Democratic party, published an op-ed in the Washington Post in April saying

Pennsylvania state capitol building John Greim/LightRocket | Getty Images It is not an easy time to be the treasurer of Pennsylvania. Joseph Torsella, a Democrat elected treasurer in 2016, has to cope with a simple fact of life: age. His politically important swing state has the sixth largest economy in the nation — but it

Martin Barraud | Getty Images Knowing your net worth isn’t just for the 1%. Even if you don’t fly in first class or summer in the Hamptons, this simple equation is an important tool that says a lot about your financial health. Still, most people don’t bother to calculate it. That’s a mistake. “It’s the

Christie’s A 3,300-year-old sculpture of Tutankhamen’s head sold for almost $6 million at auction, defying calls from Egyptian authorities for the artifact to be returned to its native country. Auction house Christie’s said the “rare, beautiful and important work” achieved a price of £4,746,250 ($5,968,058) in London on Thursday, where it was purchased by an

In a field of 2020 Democratic presidential candidates with no shortage of money, Sen. Kamala Harris and her husband stand out. The California Democrat and her spouse, lawyer Douglas Emhoff, reported about $1.9 million in adjusted gross income for last year, according to tax returns released earlier this year. Their 2018 haul more than doubles

Chris Cline, owner of Foresight Energy LLC, poses for a portrait inside an elevator to the mine at Foresight Energy LLC’s Shay coal mine in Carlinville, Illinois, U.S., on Tuesday, June 21, 2010. Andrew Harrer | Bloomberg | Getty Images Billionaire West Virginia coal executive and philanthropist Chris Cline died in a helicopter crash Thursday,

Islets along the west coast of Exuma, Bahamas De Agostini | Getty Images The island featured in promotional materials for the infamous Fyre festival has been listed for sale for almost $12 million. Fyre Festival, which took place in 2017, was publicized as a high-end music festival in the Bahamas. It was put together by

The AvalonBay Communities Park Loggia condominium, center, stands at 15 West 61 Street in New York, May 15, 2019. Mark Abramson | Bloomberg | Getty Images Sales of Manhattan properties jumped for the first time in a year and a half, but the good times aren’t likely to last. Real estate sales volume in Manhattan

It’s really hard to put a dollar value on the data that anyone delivers internet platforms. What’s the value of a tweet? A Facebook profile that tells you the birthday your closest relatives? Democratic Sen. Mark Warner and Republican Sen. Josh Hawley want to require big tech companies to report the value of our data,

“It’s a taboo topic,” said Cameron Huddleston, a personal finance journalist and author of “Mom and Dad, We Need to Talk. “ Huddleston was not referring to sex, as you might expect, but rather the other issue families avoid all too often – money. From wills to life insurance, the longer you wait, the trickier

Elizabeth Holmes leaves U.S. District court in San Jose after a judge delayed her trial Adriana Conte Theranos founder Elizabeth Holmes walked out of federal court on Friday with a delay in her criminal fraud trial until 2020 — but she wouldn’t say if she walked down the aisle. Widespread media reports this month claimed

Chateau d’Estoublon, Provence, France Airbnb The online property rental broker Airbnb has launched a new site dedicated to high-end listings that includes castles, entire villages, and beachfront villas in the U.S. or Caribbean. One listing – an entire medieval village in Buonconvento, Italy that can accommodate 44 guests – costs around $23,140 per night while

Some of America’s billionaires have a message for the next President of the United States: tax us. Nineteen billionaires including George Soros, Abigail Disney, Chris Hughes and members of the Pritzker family released a bipartisan letter on Monday asking the 2020 presidential candidates to support a tax on the American families with the largest fortunes.

Hero Images | Getty Images Brits under the age of 30 are spending less for “fun” than they did in 2001, according to researchers. A report published Thursday Resolution Foundation, a U.K.-based think tank, found that young adults’ real-terms spending on non-essentials dropped by 7% between 2001 and 2018. Meanwhile, 50 to 64-year-olds’ leisure spending

Businesses in Hong Kong may be moving out amid political uncertainty and massive protests in the city, members of the business community told CNBC. But one analyst said Hong Kong still holds an advantage over its rivals — its proximity to the mainland. “The real concern here, which we’ve seen slight signs of, is that